Greetings readers,
Join us as we dive into the vibrant world of AI startups and their pursuit of securing funding to propel innovation and expansion. Here's an overview of the recent developments:
Total Funding
In the span of just 7 days, 25 AI startups have successfully raised a whopping $482M, showcasing the buoyant investment landscape for AI technologies. Zooming out, the last 30 days have been a blockbuster, with 102 startups raking in a staggering $2.3B.
Spotlight Startups
Financial Innovations
Finpilot: Revolutionizing financial analysis with a chatbot tool that harnesses AI to sift through corporate files, maximizing analyst efficiency. A fresh Seed funding of $4M promises to accelerate their mission.
Healthcare Evolution
ISHI Health: A new paradigm in cardiac health by integrating devices, sensors, and education to empower patients. Their Seed round also amassed $4M.
Medical Microinstruments: Forging ahead with a robotic system aiding microsurgeries, a substantial $110M Series C funding is set to widen the scope of intricate surgeries possible.
HealthSnap: Innovating in chronic disease management through AI, raising $25M in Series B funding to enhance remote patient monitoring.
Engineering Excellence
Monumo: Crafting the next generation of EV motor systems, Monumo's cutting-edge blend of ML, AI, and design fetched a cool $13.30M in Seed investments.
Sector-Wide Developments
Compliance
Napier AI: Amassing $57M in Private equity, this intelligent compliance platform is transforming financial crime compliance into a strategic advantage.
Connectivity
Highway 9 Networks: Reinventing enterprise mobility with a cloud-native platform, reinforced by $25M in Seed funding.
Generative AI
VectorShift: Supporting bespoke generative AI workflows, a new Seed investment of $3M is set to streamline business processes.
AI for Content Control
Firsthand: Specializing in AI-driven conversational campaigns, the Seed funding will expand their generative AI's reach for enhanced consumer interactions.
Data Intelligence
Climate Policy Radar: With a $6.80M Seed investment, they're bringing data science and ML to the forefront of global climate policy analysis.
Qloo: Bridging consumer tastes across various sectors, Qloo's Series C funding round of $25M is a testament to the potential of privacy-centric personalization.
Emerging Innovators
Levr.ai: Simplifying business loan documentation with AI, a $1M funding injection for this Seed stage startup could revolutionize lending processes.
Loora: Tailoring English learning through AI, a Series A round sums up $12M to enhance language acquisition tech.
Observing a Broadening Horizon
The diversity of AI application is astounding, as is the confidence investors place in these ventures. From seamless financial analysis, healthcare innovations, and smarter mobility solutions to reshaping policy analysis and consumer understanding, AI startups are redefining possibilities.
Below one can find the 25 AI startups that have successfully raised a whopping $482M in the last 7 days:
Qloo
Funding Amount: $25M
Funding Type: Series C
Description: Connects and predicts consumer taste across various domains for personalization and insights to solve real-world problems for companies.
Funding Date: 2024-02-21
Finpilot
Funding Amount: $4M
Funding Type: Seed
Description: Uses AI to explore corporate files and respond to research requests for financial analysts.
Funding Date: 2024-02-23
ISHI Health
Funding Amount: $4M
Funding Type: Seed
Description: Offers an ecosystem of cardiac devices and monitoring for patient empowerment and heart health education.
Funding Date: 2024-02-23
Monumo
Funding Amount: $13.30M
Funding Type: Seed
Description: Engineering company creating advanced electric motors using a combination of simulation, ML, AI, and motor design technology.
Funding Date: 2024-02-23
Napier AI
Funding Amount: $57M
Funding Type: Private equity
Description: Offers an intelligent compliance platform transforming financial crime compliance into a competitive edge.
Funding Date: 2024-02-22
Highway 9 Networks
Funding Amount: $25M
Funding Type: Seed
Description: Provides a cloud-native platform for enterprise mobile users, apps, and AI-driven devices.
Funding Date: 2024-02-22
VectorShift
Funding Amount: $3M
Funding Type: Seed
Description: Custom generative AI workflows for businesses to automate tasks like responding to RFPs and creating chatbots.
Funding Date: 2024-02-22
CLARA Analytics
Funding Type: Venture Round
Description: Applies AI to improve claims outcomes in commercial insurance using image recognition and natural language processing.
Funding Date: 2024-02-22
Firsthand
Funding Type: Seed
Description: Specializes in deploying data and content via direct conversational campaigns powered by custom AI agents.
Funding Date: 2024-02-22
Climate Policy Radar
Funding Amount: $6.80M
Funding Type: Seed
Description: Uses data science and machine learning to map the global climate policy landscape for evidence-based decision-making.
Funding Date: 2024-02-21
Orkes
Funding Amount: $20M
Funding Type: Series A
Description: Provides a platform for microservices and workflow orchestration, including tiered support and a managed, cloud-hosted version of Conductor.
Funding Date: 2024-02-21 [citation:2]
HealthSnap
Funding Amount: $25M
Funding Type: Series B
Description: Uses data from wearables and patient questionnaires for remote monitoring and management of chronic diseases.
Funding Date: 2024-02-21
BRIA
Funding Amount: $2.40M
Funding Type: Series A
Description: Addresses challenges of implementing Visual Generative AI for commercial use.
Funding Date: 2024-02-21
Funding Amount: $1M
Funding Type: Seed
Description: Offers templates and directories to support businesses in finding or creating information for funding a loan.
Funding Date: 2024-02-21
Loora
Funding Amount: $12M
Funding Type: Series A
Description: Develops a personalized English tutoring app using AI for immediate feedback on language skills.
Funding Date: 2024-02-21
Medical Microinstruments
Funding Amount: $110M
Funding Type: Series C
Description: A robotic system that assists surgeons in microsurgical procedures.
Funding Date: 2024-02-21
PromiseQ
Funding Type: Seed
Description: Offers a global platform combining cutting-edge AI and certified crowd workers for video analytics security.
Funding Date: 2024-02-20
Perigon
Funding Amount: $5M
Funding Type: Seed
Description: Gathers real-time insights from various sources, offering structured data enriched by AI.
Funding Date: 2024-02-20
AZmed
Funding Amount: $16.25M
Funding Type: Series A
Description: Automates fracture diagnostics on X-rays using deep learning technologies.
Funding Date: 2024-02-20
Recogni
Funding Amount: $102M
Funding Type: Series C
Description: Develops AI-based solutions for Generative AI and intelligent autonomous platforms.
Funding Date: 2024-02-20
Bioptimus
Funding Amount: $35M
Funding Type: Seed
Description: Develops a universal AI model that connects biology across scales from molecules to organisms.
Funding Date: 2024-02-20
UnityAI
Funding Amount: $4M
Funding Type: Seed
Description: Analyzes clinical data with AI, helping to unburden care teams and calculate the next actions needed.
Funding Date: 2024-02-20 [citation:2]
Guardrails AI
Funding Amount: $7.50M
Funding Type: Seed
Description: Ensures the reliable and safe application of AI technology to improve human life.
Funding Date: 2024-02-19
Funding Amount: $400k
Funding Type: Pre-Seed
Description: Provides modules for sales and marketing teams for prospecting and enriching CRM systems.
Funding Date: 2024-02-19
Avatar Medical
Funding Amount: $5.40M
Funding Type: Seed
Description: A VR platform that generates 3D patient representations based on medical images for surgical planning.
Funding Date: 2024-02-19
Spread the Word
Feel a nudge to share this newsletter? Forward it to peers and professionals eager to stay ahead in the AI curve.
Until next time,
Bernardt Vogel