Greetings Friends,
I'm thrilled to announce the most recent developments in AI startup investments. This past week saw an impressive $1.3 billion raised by 26 startups. The past month has also been active, with 110 startups securing $2.8 billion in funding over the last 30 days.
Some of the highlights include:
BlueBean, which scans the web and works with group purchasing organizations to find savings on e-commerce sites, raised $1.3 million in seed funding. This round will help BlueBean expand its automated cost-savings service.
HuLoop Automation, a unified hyperautomation platform that helps companies drive growth and efficiency, brought in $5 million in seed funding. The company will use the new capital to expand its platform capabilities.
AiDash, which provides satellite and AI solutions to make infrastructure more sustainable and climate resilient, secured an undisclosed round of Series A funding. AiDash will leverage the funds to meet rising demand.
Lionize, an adtech startup simplifying influencer marketing, raised $2 million in a venture round. The company will use the funds to develop its automation and analytics capabilities.
Ideogram, which enables creative exploration through generative AI, landed a massive $80 million Series A round. This brings Ideogram's total funding to $82 million as it scales globally.
Several healthcare AI startups also saw strong funding rounds recently:
Upheal, which provides mental health clinicians with AI-powered tools, raised $3.25 million in seed funding. The round will support Upheal's growth.
Hedia, which offers AI-powered personalized diabetes management, secured $3.25 million in seed capital. The funds will help Hedia expand availability of its digital assistant.
Reveleer, which powers risk adjustment for healthcare payers, raised $65 million in debt financing. Reveleer will use the capital to meet demand for its solutions.
List of 26 startups that received a combined $1.3B in funding last week
Below is a list of the 26 AI startups that have recently raised a total of $1.3 billion, along with their funding amounts, round, descriptions, and the dates on which they received funding.
Funding Amount: $10M
Funding Type: Pre Series A
Description: FlowGPT is an open-source AI app creator community that enables users to integrate discovered prompts into their projects. On FlowGPT, users can find high-quality prompts and their potential use cases.
Funding Date: 2/26/2024Myko AI
Funding Amount: $2.70M
Funding Type: Seed
Description: Myko AI is a data-driven financial planning and analysis platform that helps companies spend less time budgeting while making better decisions.
Funding Date: 2/26/2024CellVoyant
Funding Amount: $9.60M
Funding Type: Seed
Description: CellVoyant is an artificial intelligence biotechnology company with a mission to create novel stem cell-based therapies for chronic diseases. Their technology uses AI-first live cell imaging to predict and optimize stem cell differentiation, to controllably manufacture any cell and tissue in the body at scale.
Funding Date: 2/26/2024NLX
Funding Amount: $12M
Funding Type: Series A
Description: The NLX platform employs machine learning technology and artificial intelligence to transform customer interaction into tailored customer self-service experiences through automated voice, chat, and multimodal dialogues, enabling businesses to create and manage automated conversational experiences with customers.
Funding Date: 2/26/2024Reveleer
Funding Amount: $65M
Funding Type: Debt Financing
Description: Reveleer is a healthcare software and services company that empowers payers in all lines of business to take control of their risk adjustment and quality improvement programs.
Funding Date: 2/27/2024PhotoRoom
Funding Amount: $43M
Funding Type: Series B
Description: PhotoRoom is an AI-enabled image capturing app that lets users create studio-quality product pictures in seconds. The company offers to remove background, change the background, and showcase products in one click on iPhone and iPad for free, helping users to easily make changes to their images.
Funding Date: 2/27/2024Hedia
Funding Amount: $3.25M
Funding Type: Seed
Description: Hedia is a personal diabetes-assistant, based on artificial intelligence. It picks up patterns and habits of the individual diabetic and uses it for insulin recommendations giving the person with diabetes a better insulin-treatment.
Funding Date: 2/27/2024Parspec
Funding Amount: $11.50M
Funding Type: Seed
Description: Parspec is a technology company that utilizes AI to serve the supply chain for the building and construction industry.
Funding Date: 2/27/2024Glean
Funding Amount: $200M
Funding Type: Series D
Description: Glean is a search engine that focuses on helping find any piece of data through a tool in any company. Its software is combined with multiple platforms to find exact data points and provides relevant search results from all the user's applications.
Funding Date: 2/27/2024Exodigo
Funding Amount: $105M
Funding Type: Series A
Description: Exodigo is a non-intrusive subsurface imaging platform that provides a digital geolocated 3D map of buried assets. The company utilizes a combination of multi-sensor fusion and artificial intelligence to dramatically improve accuracy and time to map while reducing damages and costs associated with unnecessary excavation. It also helpstransportation, energy, utility, and construction leaders to design, dig, and build by providing accurate subsurface intelligence to derisk the underground.
Funding Date: 2/27/2024Enkrypt AI
Funding Amount: $2.35M
Funding Type: Seed
Description: Enkrypt AI specializes in ensuring the confidentiality and integrity of AI models by protecting them from potential threats using security technology, enabling clients to reliably scale while having their internet protocol protected.
Funding Date: 2/27/2024Reo.Dev
Funding Amount: $1.20M
Funding Type: Pre-Seed
Description: Reo.Dev is a modern growth stack for developer focused companies. Reo.Dev tracks developer activity across your multiple platforms like Github repos, Docker, Technical Docs, Slack and more and discovers hidden sales opportunities and accounts that are ready to buy from your today.
Funding Date: 2/27/2024BreachBits
Funding Amount: Not Specified
Funding Type: Seed
Description: BreachBits provides a simplified SaaS cyber risk and penetration testing solution. Backed by military-grade automation and artificial intelligence, BreachBits helps in monitoring the organization using hacker tradecraft for better and faster business decisions.
Funding Date: 2/27/2024Intenseye
Funding Amount: $64M
Funding Type: Series B
Description: Intenseye connects existing cameras within minutes without any hardware or sensor requirements and in-house deep learning models can analyze worker body posture, personal protective equipment, and danger zone violations in real time for fast, accurate, scalable, and easy-to-use computer vision services, enabling clients to run their workplace in an accident and error-free manner.
Funding Date: 2/27/2024BlueBean
Funding Amount: $1.30M
Funding Type: Seed
Description: BlueBean scans the web partners with leading group purchasing organizations and works on all suppliers' e-commerce websites to capture savings right where the purchase happens without software implementation, enabling businesses to reduce costs and increase profitability with control spending, extensive savings, secure payment and low maintenance accounting.
Funding Date: 2/28/2024HuLoop Automation
Funding Amount: $5M
Funding Type: Seed
Description: HuLoop Automation has built a first of its kind unified hyperautomation platform that’s designed to efficiently deliver on the business transformation outcomes that companies seek. HuLoop helps clients to manage profitable revenue growth, drive cost savings, and achieve productivity gains by automating mundane, repetitive activities, freeing up valuable human capacity to focus on more strategically important things such as delighting customers.
Funding Date: 2/28/2024AiDash
Funding Amount: Not Specified
Funding Type: Series C Extension
Description: AiDash is a SaaS firm that offers operations and maintenance driven by satellite for the utility, energy, and other key industries.
Funding Date: 2/28/2024Lionize
Funding Amount: $2M
Funding Type: Venture Round
Description: Lionize is an advertising technology company that was founded with the goal of simplifying the influencer marketing process. The platform enables brands and agencies to increase productivity through automation and empowers data-driven decision-making.
Funding Date: 2/28/2024Looq AI
Funding Amount: $2.60M
Funding Type: Seed
Description: Looq AI provides surveying tools for roads, mapping & electrification, data capture technology, one-stop visualization, collaboration, and integration, and automated tools for time-saving analysis, enabling clients simple, fast, and accurate digital twin workflow.
Funding Date: 2/28/2024Upheal
Funding Amount: $3.25M
Funding Type: Seed
Description: Upheal is a smart platform for mental health clinicians with AI-powered progress notes, secure video calling, and analytics. They focus on providing care to clients and patients. They offer to reduce their cognitive load and any energy drain. They provide the client and therapist with time-consuming and distracting activities.
Funding Date: 2/29/2024Bench IQ
Funding Amount: $1.55M
Funding Type: Pre-Seed
Description: Bench IQ is an AI-powered assistant for elite law firms and corporate and government litigators that want unparalleled reconnaissance on the key players in their legal battles: judges and attorneys.
Funding Date: 2/29/2024Shader
Funding Amount: $580k
Funding Type: Pre-Seed
Description: Shader technology provides voice AR creation as a new option to generate a unique experience on smartphones, enabling users to interact with and create AR, even if they are no-code users.
Funding Date: 2/29/2024Gradial
Funding Amount: $5.40M
Funding Type: Seed
Description: Gradial combines the latest image and text generation models with your existing design system so your creative teams can build websites, campaigns, and experiences as fast as they can describe them.
Funding Date: 2/29/2024Figure
Funding Amount: $675M
Funding Type: Series B
Description: Figure creates commercially viable autonomous humanoid robots that assist enterprises in manufacturing, logistics, warehousing, and retail by allowing them to deploy and automate manual labor.
Funding Date: 2/29/2024Hace
Funding Amount: $600k
Funding Type: Pre-Seed
Description: Hace is a specialist data company focused on the sustainable eradication of child labour in corporate supply chains. Our flagship product, the Child Labour Index (CLI), sold into Financial Services, scores and benchmarks a global universe of companies based on their exposure to child labour risk. Powered by AI, with transparency at its core, theCLI provides comprehensive data on company-specific risks relating to corporate governance frameworks and associated public sentiment, alongside generic supply chain risks affecting industry sectors.
Funding Date: 2/29/2024Ideogram
Funding Amount: $80M
Funding Type: Series A
Description: Ideogram specializes in designing creative expression that is not only more accessible but also more enjoyable and efficient, enabling users to make use of innovative AI tools.
Funding Date: 3/1/2024
It's amazing to see the rapid pace of innovation and funding in the AI startup ecosystem right now. I'll be sure to keep you updated on the latest developments. Let me know if you have any AI startup funding news to share!
Until next time,
Bernardt Vogel
This list seems to grow on a daily basis. Just curious, is it possible to categorize them by sectors for ease of identification so as not to leave the substack app before even checking out the most relevant.
Nice job