#KeyDeals from Last Week: ◾️Sakana AI - Focus: Collaborative small AI models for industrial challenges - Raised: ¥30 billion ($214 million) - Led by: Nvidia - Valuation: $1.5 billion ◾️ Fal.ai - Focus: AI-generated media processing - Raised: $23 million - Led by: Andreessen Horowitz, Kindred Ventures - Clients: 500,000 developers - Daily Outputs: 50 million media items ◾️ Fathom - Focus: AI notetaking and productivity - Raised: $17 million in Series A - Led by: Telescope Partners - Annual Revenue: Doubled over the past two years - Crowdfunded: $2 million from Wefunder users ◾️ 11x.ai - Focus: AI bots for process automation - Raised: $24 million in Series A - Led by: Benchmark - Annual Revenue: Approaching $10 million - Clients: Brex, DataStax, Otter ◾️ Supermaven - Focus: AI coding assistant - Raised: $60 million - Led by: OpenAI and Perplexity co-founders - Annual Revenue: $1 million - Users: Over 35,000 developers We are constantly monitoring the market and strive to keep you updated on the latest #KeyDeals. What are your thoughts on these funding rounds? Let’s discuss! 💬 #TechNews #Startups #AI #Investment #Innovation
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🚀 Exciting AI Trend Alert: AI Agents are Revolutionizing Task Automation! 🤖 As AI continues to evolve, we're seeing a surge in the development of AI agents capable of handling complex, multi-step tasks autonomously. These agents are set to transform how businesses operate and how we interact with technology. Top startups leading the charge: 1. 🏆 Adept AI: Their Action Transformer (ACT-1) model can interact with web browsers and desktop applications to complete tasks. Backed by General Catalyst and Spark Capital, they've raised $415M to date. 2. 💼 Cognition: Their AI software engineer 'Devin' can autonomously tackle coding projects. They've secured $175M in funding led by Founders Fund 3. 🗂️ Anthropic: While known for Claude, they're also working on advanced AI agents. With $1.5B raised from Dustin Moskovitz and Google, they're pushing the boundaries of AI capabilities. 4. 🤝 Leena AI: Focusing on enterprise applications, they're creating AI agents for HR, IT, and Finance tasks. Backed by Bessemer Venture Partners with $40M raised. Key VCs to watch in this space: - Sequoia Capital - Andreessen Horowitz (a16z) - Khosla Ventures These investors are betting big on the potential of AI agents to transform industries across the board. The implications? We're looking at a future where AI can handle increasingly complex workflows, freeing up human capital for higher-order tasks and potentially reshaping entire business models. What are your thoughts on AI agents? How do you see them impacting your industry? #AITrends #StartupInnovation #VentureCapital #FutureOfWork #ArtificialIntelligence
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AI Moves Fast: Just last week I posted about Adept, and now Amazon snaps them up! Amazon just made a power play in the AI world, hiring Adept's co-founders and key team members, including CEO David Luan. They've also licensed some of Adept's cutting-edge tech. This move mirrors Microsoft's recent strategy with Inflection AI - securing top talent and tech without a full acquisition. Smart way to dodge regulatory hurdles! Adept isn't disappearing though. They'll keep operating independently under new leadership. It's clear: tech giants are racing to beef up their AI capabilities. Who do you think will make the next big move? #AI #TechTalent #AmazonAI #VentureCapital #startups https://lnkd.in/eDsfpymZ
🚀 Exciting AI Trend Alert: AI Agents are Revolutionizing Task Automation! 🤖 As AI continues to evolve, we're seeing a surge in the development of AI agents capable of handling complex, multi-step tasks autonomously. These agents are set to transform how businesses operate and how we interact with technology. Top startups leading the charge: 1. 🏆 Adept AI: Their Action Transformer (ACT-1) model can interact with web browsers and desktop applications to complete tasks. Backed by General Catalyst and Spark Capital, they've raised $415M to date. 2. 💼 Cognition: Their AI software engineer 'Devin' can autonomously tackle coding projects. They've secured $175M in funding led by Founders Fund 3. 🗂️ Anthropic: While known for Claude, they're also working on advanced AI agents. With $1.5B raised from Dustin Moskovitz and Google, they're pushing the boundaries of AI capabilities. 4. 🤝 Leena AI: Focusing on enterprise applications, they're creating AI agents for HR, IT, and Finance tasks. Backed by Bessemer Venture Partners with $40M raised. Key VCs to watch in this space: - Sequoia Capital - Andreessen Horowitz (a16z) - Khosla Ventures These investors are betting big on the potential of AI agents to transform industries across the board. The implications? We're looking at a future where AI can handle increasingly complex workflows, freeing up human capital for higher-order tasks and potentially reshaping entire business models. What are your thoughts on AI agents? How do you see them impacting your industry? #AITrends #StartupInnovation #VentureCapital #FutureOfWork #ArtificialIntelligence
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📈 According to our recent Q3 2024 Artificial Intelligence & Machine Learning Report, AI VC activity has been driven by an infrastructure arms race between foundation model #startups. OpenAI’s $6.6 billion Series F, for example, drove Q3 funding nearly to Q2’s total, reaching $31.1 billion overall. 🌱 Venture growth and early-stage VC funding both exceeded late-stage #funding, and startups like Sakana AI, Safe Superintelligence, and World Labs showed that leading AI researchers can earn $1 billion valuations with limited commercial proof—suggesting that multibillion-dollar #VC rounds remain likely moving forward. 🌎 Build the bigger picture with PitchBook Research. From #AI to #energy and across hundreds of verticals, we offer the most expansive view of the #capital markets so that teams can navigate the whole ecosystem with confidence and make important decisions with ease. Our institutional-grade research includes timely insights from our experts, direct access to our analyst team, and expansive intelligence on the global #financial landscape. For more, download a copy of our Q3 2024 AI & ML Report today. ➡️ http://spr.ly/6044QRH3a
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Simplismart, a pioneering company in the field of artificial intelligence and machine learning, has announced a significant milestone in its journey towards advancing next-generation AI technologies. The company has successfully secured $7 million in a recent funding round led by prominent venture capital firms, marking a pivotal moment in its expansion efforts. The infusion of $7 million in funding will bolster Simplismart's research and development initiatives, enabling the company to accelerate the deployment of its advanced AI technologies. "We are thrilled to secure this funding, which will fuel our mission to harness the power of AI to transform how businesses operate and innovate," remarked [Founder/CEO's Name], founder and CEO of Simplismart. "This investment not only validates our vision but also empowers us to expand our capabilities and deliver even greater value to our clients and partners." As Simplismart continues to scale its operations and solidify its position at the forefront of AI innovation, industry observers anticipate that the company will play a pivotal role in shaping the future of intelligent technologies. With $7 million in fresh funding, Simplismart is well-equipped to drive meaningful advancements in Gen AI, paving the way for smarter, more efficient solutions that empower businesses and organizations worldwide. Simplismart Stay tuned for more such information #Simplismart #GenAI #AIInnovation #TechFunding #StartupNews #VentureCapital #TechInvestment #FutureTech #ArtificialIntelligence #TechInnovation
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🚨🚀 Breaking News in AI: Ensemble Secures $3.3M in Seed Funding 💼 We’re excited to announce that Ensemble , a San Francisco-based machine learning startup, has raised $3.3M in seed funding, led by Salesforce Ventures alongside M13, Motivate, and Amplo. 🌟 What’s the buzz? Ensemble is revolutionizing the way businesses handle limited, sparse, and high-dimensional data. Their cutting-edge product, Dark Matter, enables companies to train accurate ML models without needing extensive feature engineering. 🔍 How it works: By using a net-new representation learning algorithm, Ensemble creates statistically optimized representations of data—distilling signal from noise and helping ML models achieve state-of-the-art performance even with challenging datasets. 💡 Why it matters: – Boosts model performance in any domain – Cuts engineering time – Allows teams to focus on experimentation With this funding, Ensemble is set to expand operations and continue pushing the boundaries of machine learning innovation. 📈 Watch this space for more! 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs #AI #MachineLearning #TechNews #Startups #Funding #DataScience #Innovation #FutureTechly
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Short story time kids, strap in. When Mihir T. set out to build Ostrich AI, his goal was simple - make it easier for businesses of all sizes to actually use AI effectively. For some reason, he then reached out to me and asked me to jump aboard, so I did. Why? That's cuz Mihir doesn't mess around and if he was gunning for this, then this is something worth putting effort in. And it's showing - This month, Ostrich AI ranked among the #Top15 AI Infrastructure companies globally on F6S, out of a staggering 1.9 million startups worldwide. It’s humbling to see our vision resonate with the global AI community, earning us the #12 spot in this competitive space. F6S is where innovation meets opportunity— connecting startups to resources, investors, and communities that drive change. The fact that we ranked 12th is a big one for us but in typical Asian-parent fashion, that means we have 11 more companies to be better than! This recognition isn’t some platitude really - it's just a reminder for us that we've got ways to go and we plan on going all the way. Stick around, it'll be a hoot. Take a look at the rankings here: https://lnkd.in/d8AvqVh9 #AIInfrastructure #Innovation #DemocratizingAI #OstrichAI #StartupJourney
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After a year in stealth, today is the day… Andrew, Josh, and I are beyond thrilled to share that Miriel AI is officially live! 🎉 👉 Get Early Access to the Beta: https://miriel.ai What is Miriel? It’s the fastest way to build personalized AI applications or integrate AI into your existing products. With less than 10 lines of code, you can weave any data source into powerful applications like: Customer engagement agents that understand your product and every individual customer Voice-controlled personal assistants that seamlessly access your email, calendar, and any relevant files Intelligent video monitoring systems that alert you to custom threats in real-time Code assistants that understand your development environment, codebase, and any relevant API docs 🚫 No expensive training. No complicated setup. ⏱ You’ll be up and running in minutes. Why does this matter? AI is at an inflection point. Miriel puts the power of AI into your hands. We’re making it possible to build applications we could only dream of before. With the ability to rapidly prototype, iterate, and scale, the future of AI will move faster than ever before. We’re already collaborating with a number of incredible companies on game-changing projects. And this is just the beginning. We can’t wait to see what you build with Miriel. The possibilities are endless. Join us and weave the future: https://miriel.ai #artificialintelligence #startups #miriel
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🚀 RapidCanvas Raises $16M in Series A to Drive AI Business Transformation RapidCanvas, an AI platform revolutionizing business transformation, has secured $16 million in Series A funding led by Peak XV Partners. With additional backing from Titanium Ventures, Accel, and Valley Capital Partners, the company's total funding has now reached $23.5 million since its 2021 inception. The fresh capital will help RapidCanvas expand its AI-driven offerings, positioning it as a leader in automating business processes. CEO Rahul Pangam highlights their “Reliable AI framework,” which ensures validated, explainable outputs to drive impactful results within weeks. In an era of increasing AI adoption and technical talent shortages, RapidCanvas is solving critical challenges by deploying AI agents capable of automating up to 75% of tasks previously handled by data scientists and engineers. These agents, powered by Large Language Models (LLMs), process vast data with unmatched efficiency, accelerating AI deployment for businesses. With partnerships across manufacturing and financial services, RapidCanvas is poised to transform industries globally. 🚀 https://lnkd.in/fzpnPPW #ai #businesstransformation #techinnovation #fundingnews #fintech #rapidcanvas #artificialintelligence #startupfunding #venturecapital #techstartups #digitaltransformation #machinelearning #businessgrowth #aiinbusiness #futureofwork RapidCanvas
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Last year, when the world was going crazy about LLMs and Generative AI, I wasn’t excited. Sure, I saw the potential. But what I didn’t see was how to build something truly impactful. Fast forward to three months ago—I learned about Agents, and everything changed. Agents aren’t just about answering questions or generating text; they act, they learn, and they solve problems autonomously. This was the missing piece. Look around. The ecosystem is exploding: - /dev/agents raised $50 million to build an operating system for Agents. - Composio is redefining task execution through multi-agent collaboration. -Startups like Adept are racing to turn AI agents into the future of work. The future isn’t just AI that chats—it’s AI that works for you. AI that simplifies workflows, automates complexity, and delivers tangible results. A system where AI doesn’t just think—it executes. It bridges the gap between vision and action. The opportunity here is massive, and we’re just scratching the surface. I am building something exciting - stay tuned for updates! #stealth #aiagents
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We’re standing on the brink of a paradigm shift in AI investing. The AI infrastructure story—massive compute, foundational models, data pipelines—is largely written. Now, the spotlight shifts to AI applications as the next frontier of growth. Case in point: $100M+ Series A rounds in 2024 signal that applications are no longer experimental—they’re scaling fast and solving real-world problems. I’ve analyzed all the $100M+ rounds in B2B AI startups this year to unpack: 1. The trends driving this shift. 2. What it means for early-stage and growth-stage investment strategies. What resonates? What surprises you? Let’s discuss!👇 #AI #AIApplications #VentureCapital #StartupFunding #TechInvesting #AIStartups #Innovation #GrowthInvesting #AITrends
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Founder @Agentgrow | 3x P-club & Head of Sales
1moThanks for sharing these updates! Which company's progress do you find most surprising this week?