AI Startup Funding Newsletter #4
Last week's highlights: 23 AI startups raised $331 million in Venture Capital funding
The Cloud & Infrastructure sector received the highest investment among the 23 AI startups, totaling $104 million in funding. This indicates robust investor interest in AI solutions aimed at enhancing cloud computing, infrastructure management, and semiconductor design for AI applications.
The seed round was the most popular funding round among the 23 AI startups, accounting for 48% of all secured funding rounds.
11 startups raised Seed funding
4 startups raised Series A funding
4 startups raised Venture/Venture round funding
2 startups raised Pre-Seed funding
2 startups raised Series B funding
Many of these AI startups are still in the early stages of development and growth, seeking initial venture capital to further develop their technologies and business models.
AI Startups
Here's a quick look at each company, the funding they raised, and where to learn more.
Cybersecurity:
Protecto
Description: Privacy and security for generative AI, filtering sensitive data
Funding Round: Seed
Funding Amount: $4M
Funding Date: 03-22-2024
• LinkedIn
• TwitterLeakSignal
Description: Using ML to identify and block sensitive data leaks
Funding Round: Seed
Funding Amount: $1.6M
Funding Date: 03-21-2024
• LinkedIn
• TwitterAuguria
Description: Vector-based cybersecurity for SecOps data analytics
Funding Round: Seed
Funding Amount: Undisclosed
Funding Date: 03-19-2024
• LinkedInBigID
Description: AI identity intelligence to protect customer data privacy
Funding Round: Venture
Funding Amount: $60M
Funding Date: 03-18-2024
• LinkedIn
• Twitter
Cloud & Infrastructure
Foundry
Description: Public cloud and orchestration platform for simplified AI computing
Funding Round: Series A
Funding Amount: $80M
Funding Date: 03-21-2024
• LinkedIn
• TwitterCleric
Description: LLM reasoning to autonomously manage and fix software infrastructure
Funding Round: Seed
Funding Amount: $4.3M
Funding Date: 03-21-2024
• LinkedIn
• TwitterNeuReality
Description: AI-as-a-service semiconductor design for cloud/edge
Funding Round: Venture
Funding Amount: $20M
Funding Date: 03-19-2024
• LinkedIn
• Twitter
Biotech & Healthtech
Profluent
Description: ML to read/write biomolecules for biotech applications
Funding Round: Series A
Funding Amount: $35M
Funding Date: 03-21-2024
• LinkedIn
• TwitterHippocratic AI
Description: Safety-focused LLMs for healthcare applications
Funding Round: Series A
Funding Amount: $53M
Funding Date: 03-19-2024
• LinkedIn
Fintech & Automation
Borderless AI
Description: Generative AI to automate global payroll
Funding Round: Seed
Funding Amount: $27M
Funding Date: 03-21-2024
• LinkedIn
• TwitterQuilt
Description: AI to streamline security questionnaires and customer insights
Funding Round: Seed
Funding Amount: $2.5M
Funding Date: 03-20-2024
• LinkedIn
• TwitterOpenMeter
Description: AI sales insights and revenue prediction
Funding Round: Seed
Funding Amount: $3M
Funding Date: 03-18-2024
• TwitterQuantexAI
Description: Generative AI to streamline ERP data retrieval and forecasting
Funding Round: Pre-Seed
Funding Amount: $1M
Funding Date: 03-18-2024
• LinkedIn
Energy & Sustainability
Monaire
Description: AI to detect HVAC issues and optimize energy use
Funding Round: Seed
Funding Amount: $3.5M
Funding Date: 03-20-2024
• LinkedIn
• TwitterSprih
Description: AI platform for corporate sustainability and carbon neutrality
Funding Round: Seed
Funding Amount: $3M
Funding Date: 03-20-2024
• LinkedIn
• TwitterBuzz Solutions
Description: AI analytics for power line inspection
Funding Round: Venture
Funding Amount: $5M
Funding Date: 03-20-2024
• LinkedIn
• TwitterInnatera
Description: Ultra-low power neuromorphic processors for sensors
Funding Round: Series A
Funding Amount: $1.6M
Funding Date: 03-19-2024
• LinkedIn
• Twitter
Gaming & Entertainment
Cathedral Studios
Description: Novel game design blending extraction, survival horror, strategy
Funding Round: Seed
Funding Amount: $6.6M
Funding Date: 03-19-2024
• LinkedIn
Data & MLOps
Lumino
Description: Reducing ML training costs through accountability
Funding Round: Pre-Seed
Funding Amount: $2.8M
Funding Date: 03-19-2024
• LinkedInSuperlinked
Description: Vector embedding platform for developers
Funding Round: Seed
Funding Amount: $9.5M
Funding Date: 03-18-2024
• LinkedInEuno
Description: Dynamic data model governance platform
Funding Round: Seed
Funding Amount: $6.25M
Funding Date: 03-19-2024
• LinkedIn
Supply Chain & Logistics
Orq.ai
Description: AI-powered platform for supply chain optimization
Funding Round: Pre-Seed
Funding Amount: $2.50M
Funding Date: 03-18-2024
• LinkedIn
• TwitterAutomated Architecture
Description: AI building design and assembly
Funding Round: Seed
Funding Amount: $3.3M
Funding Date: 03-20-2024
• LinkedIn
• Twitter
Keep an eye on these rising startups, and subscribe to the Curious Compass newsletter for more updates on the fast-moving world of AI startups and venture capital. See you next week!
Best,
Bernardt Vogel