AI Startup Funding Newsletter #5
In the past 10 days, 25 promising AI startups have collectively raised an impressive $3.34 billion in recent funding rounds
Greetings Readers,
Welcome to the latest edition of the CuriousCompass AI Startup Funding newsletter! This week, we've curated insights on 25 promising AI startups that have collectively raised an impressive $3.34 billion in recent funding rounds. These startups cover a diverse range of industries, including cybersecurity, robotics, healthcare, climate tech, and more.
Leading the pack is Anthropic, with a massive $2.75 billion corporate round that accounts for over 80% of the total funding. This significant investment underscores the immense potential and interest in Anthropic's AI research and development efforts.
Across the rest of the cohort, we see a strong prevalence of early-stage funding, with 9 Seed rounds and 6 Series A rounds. The average Seed raise was $5.69 million, while Series A startups secured an average of $14.83 million.
Key industry verticals represented include:
Cybersecurity/Risk Management: Lockchain, TrojAI, StealthMole, Skyflow
Robotics/Industry 4.0: SiMa.ai, Orchard Robotics
Healthcare/Biotech: Manifold Bio, Nucleai, Surge
Climate Tech: ION Clean Energy, Völur
Creative Tools: Inner AI, Vizcom
Legal Tech: Ivo
Federated Learning: Flock.io
AI Startup Funding
Lockchain.ai
Lockchain.ai leverages a proprietary AI-based risk engine that integrates real-time intelligence and a tailored response framework, enabling businesses to control risks in a decentralized world.
Funding Round: Seed
Funding Amount: $4.60M
Funding Date: 04-07-2024
Lumana
Lumana is a modern, AI-powered video security and safety platform that helps organizations unlock the full power of their video data to improve visibility, proactiveness, and emergency response.
Funding Round: Seed
Funding Amount: $24M
Funding Date: 04-06-2024
Inner AI
Inner AI uses artificial intelligence as a writing assistant for screenplays, short video scripts, marketing, and professional writing as well as offers transcription-based editing, artificial intelligence digital character studio, and video storage, enabling creators to save time and money creating quality texts, videos, audios, and images.
Funding Round: Pre-Seed
Funding Amount: $2M
Funding Date: 04-05-2024
Ivo
Ivo develops a generative AI contracting assistant for legal teams. Its platform helps legal teams reduce the time, effort, and cost spent on negotiating agreements.
Funding Round: Seed
Funding Amount: $4.80M
Funding Date: 04-04-2024
Manifold
Manifold is an AI-powered clinical research platform. We streamline the manual workflows of modern study and data management, enabling researchers to do more high-impact research and collaborations with fewer resources. We are trusted by world-renowned research organizations. Our vision is to make it ten times faster and one-tenth the cost to conduct modern studies that unlock insights never-before possible.
Funding Round: Series A
Funding Amount: $15M
Funding Date: 04-04-2024
SiMa.ai
SiMa.ai is a software-centric, embedded edge machine learning system-on-chip company (MLSoC) that develops machine learning technology to deliver a software-centric platform. With push-button performance, they enable effortless ML deployment and scaling at the embedded edge by allowing customers to address any computer vision problem while achieving 10x better performance at the lowest power.
Funding Round: Series C
Funding Amount: $70M
Funding Date: 04-04-2024
Ion Clean Energy
ION Clean Energy is a technology company focused on the commercialization of solvent and process technology. It specializes in the removal of carbon dioxide (CO2) from large point sources including natural gas and coal-fired power plants.
Funding Amount: $45M
Funding Date: 04-04-2024
Völur
Völur is an AI-based technology company that optimizes the cutting and processing of sustainable meat. This technology helps meat producers create value by getting the most out of every animal which reduces the need for animals, increases yields, and improves demand satisfaction while reducing inventory levels.
Funding Round: Seed
Funding Amount: $2.85M
Funding Date: 04-04-2024
Aiorde
Aiorde is an AI-powered application for analyzing stocks and cryptocurrencies. It is a technology provider that provides information, software, and automation tools for investment education.
Funding Round: Seed
Funding Amount: $1M
Funding Date: 04-03-2024
Nucleai
Nucleai is a spatial biology company that has developed an AI-powered platform to enhance drug development and improve patient outcomes. Nucleai's platform leverages unique tissue datasets to produce insights into cancer biology, increasing clinical trial efficacy and improving patient care.
Funding Round: Venture Round
Funding Amount: $14M
Funding Date: 04-03-2024
TrojAI
TrojAI is reorganizing the world as the web did in the early 1990s. Like the web, TrojAI was developed with technology that was not built with security in mind, and they have been dealing with the consequences ever since.
Funding Round: Seed
Funding Amount: $5.75M
Funding Date: 04-03-2024
NobleAI
NobleAI's commercially proven Science-Based AI technology enables companies to reduce the cost and accelerate the development of better performing, more environmentally sustainable and reliably sourced chemical & material products.
Funding Round: Series A
Funding Amount: $10M
Funding Date: 04-03-2024
Aidium
Aidium builds intelligent solutions that enable mortgage lenders to increase performance through simplified task automation. Using artificial intelligence and state-of-the-art technology, Aidium is able to save time, and increase ROI for Lenders.
Funding Round: Series A
Funding Amount: $19M
Funding Date: 04-02-2024
Hailo
Hailo's mission is to enable smart edge technologies to reach their full potential. The company's solutions bridge the gap between existing and future AI technologies, providing the computing capacity to power these applications.
Funding Round: Series C
Funding Amount: $120M
Funding Date: 04-02-2024
StealthMole
StealthMole utilizes artificial intelligence to identify account credentials, look up threat information, trace relations between data, and visualize the investigation, enabling businesses to safeguard private data.
Funding Round: Series A
Funding Amount: $7M
Funding Date: 03-29-2024
Anthropic
Anthropic focuses on research to improve the security of AI systems and the dependability of large-scale models, developing the methods and tools to make them comprehensible, allowing clients to rely on and produce research about the advantages and disadvantages of AI.
Funding Round: Corporate Round
Funding Amount: $2.75B
Funding Date: 03-29-2024
Cyvl.ai
Cyvl.ai is a developer of infrastructure technology platform that enables civil engineers and governments to manage the world's physical infrastructure assets more effectively and affordably.
Funding Round: Venture Round
Funding Amount: $6M
Funding Date: 03-29-2024
Skyflow
Skyflow is building a secure data privacy platform fronted by an API so all this data is secure and used as promised. Skyflow's data privacy vault makes it easy to securely manage, store, and use any kind of personally identifiable information.
Funding Round: Series B
Funding Amount: $30M
Funding Date: 03-29-2024
Orchard Robotics
Orchard Robotics operates a custom robotics platform that uses advanced camera systems and computer vision software to track crop growth and yield, enabling farmers to provide optimal care.
Funding Round: Seed
Funding Amount: $3.80M
Funding Date: 03-29-2024
Robovision
Robovision serves as the adaptive engine and central platform for image-to-action AI solutions, allowing seamless AI integration into dynamic environments without the need for specialized AI expertise. It operates both in the cloud and on the edge, offering users a comprehensive control center for their AI vision technology.
Funding Round: Series A
Funding Amount: $42M
Funding Date: 03-29-2024
Surge
Surge is an immunological model capable of predicting postoperative infections. The company combines a single-cell assessment of the immune system before surgery with clinical data using a proprietary machine-learning algorithm. By analyzing the millions of immune cells in a small amount of blood, the platform can mimic surgical trauma in a test tube before surgery.
Funding Round: Seed
Funding Amount: $8.10M
Funding Date: 03-28-2024
Celestial AI
Celestial AI is a machine learning accelerator company developing an optical interconnect technology platform for data centers and AI solutions. It utilizes the advantages of photonics, mixed-signal ASICs, and advanced packaging to offer a sustainable improvement in computing performance that helps clients deliver superior AI acceleration hardware and software alternatives.
Funding Round: Series C
Funding Amount: $175M
Funding Date: 03-28-2024
Ensis
Ensis is a technology firm that develops AI-powered proposal software for government RFPs and RFIs, streamlining processes and creating proposals in a single workflow.
Funding Round: Seed
Funding Amount: $4M
Funding Date: 03-28-2024
Vizcom
Vizcom applies machine learning to help accelerate the process by providing an automatic digital rendering tool, offers automatic color, shading, and rendering, and helps generate and explore synthesized images for creative inspiration, enabling designers and artists to bring ideas to life.
Funding Round: Series A
Funding Amount: $20M
Funding Date: 03-28-2024
FLock.io
FLock.io is a federated learning blockchain system that uses blockchain as a coordination platform among data holders to conduct machine learning while data stays local and private, by replacing the central entity that collects data and organizes machine learning with blockchain, thereby empowering users to mine insights from their data and monetize at their discretion.
Funding Round: Seed
Funding Amount: $6M
Funding Date: 03-28-2024
Conclusion
It's exciting to see substantial funding flowing into such a wide range of impactful AI applications. From mitigating risks in crypto with Lockchain, to accelerating drug discovery with Nucleai, to streamlining legal workflows with Ivo, these startups demonstrate AI's vast potential to transform industries.
While Anthropic's funding towers above the rest, robust Seed and Series A raises across the board point to a healthy early-stage ecosystem as well.
Stay tuned for more insights into the fast-moving world of AI startups and venture funding. If you come across any interesting rounds, please share them with the community!
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