In this recap, we dive into the latest funding rounds and key acquisitions in the AI space.
This week was a bit slower than normal, but a big increase in acquisitions compared to last.
- Arteria AI Raises $30M in Series B Funding - Toronto, Canada - Arteria AI, an applied AI company dedicated to revamping documentation infrastructure for institutional finance, secured $30m in Series B financing.
- Cranium Raises $25M in Series A Funding - Short Hills, NJ - Cranium, a state-of-the-art AI security firm, successfully raised $25M in Series A funding.
- 1337 Raises $4M in Pre-Seed Funding - NYC - 1337, a provider of a generative AI platform aiming to bridge niche communities through individualized interests, garnered $4M in Pre-Seed funding.
- Direqt Raises $4.5M in Funding - Seattle, WA - Direqt, an AI chatbot platform specifically designed for publishers, secured $4.5M in funding.
- Ignition Raises $8M in Seed Funding - San Francisco, CA - Ignition, an AI-fueled collaboration software for go-to-market teams, raised $8M in Seed funding.
- LegalMation Raises $15M In Series A Funding - Los Angeles, CA - LegalMation, Inc., a frontrunner in Generative AI solutions for extensive litigation, procured $15m in Series A financing.
- Castellum.AI Raises $4M in Seed Funding - New York City - Castellum.AI, a global risk data platform provider, successfully secured $4M in seed funding.
- Eve Raises $14M in Seed Funding - San Francisco, CA - Eve, a tailor-made AI assistant catering to the legal sector, garnered $14m in seed funding.
- LighthouseAI Closes $4.6M Seed Funding - Los Angeles, CA - LighthouseAI, which excels in providing compliance solutions for the pharmaceutical supply chain, raised $4.6M in Seed funding.
- Cogito Secures Funding - Boston, MA - Cogito, a company adept at real-time AI coaching and enterprise guidance, raised an undisclosed amount in funding.
- Basis Raises $3.6M in Funding - NYC - Basis, an innovative AI platform catering to accounting firms, secured $3.6M in funding.
- Laxis Raises $1.5M in Seed Funding - Indiana - Laxis, an AI assistant tailored for revenue teams, raised $1.5m in seed funding.
- VisionAI Raises €5M in Seed Funding - Bielefeld, Germany - VisionAI, a startup specializing in AI-driven enhancement for e-commerce merchants' cross-selling, secured €5M in seed funding. The funding round was spearheaded by HV Capital, and saw contributions from Christian Reber, Niklas Jansen, Oliver Flaskämper, and Philipp Westermeyer.
- L’école AI Secures USD3M in Seed Funding - Paris, France - L’école AI, an innovator in machine teaching technology focused on simplifying engineering complexities in computer vision systems, raised USD3M in Seed funding.
- Oxolo Closes €13M Series A Funding - Hamburg, Germany - Oxolo, a startup known for its generative AI solutions catering to text-to-video applications, successfully closed a €13M Series A funding round.
- Klu Raises $1.7M in Pre-Seed Funding - London, UK & San Francisco, CA - Klu, a provider of a large language model (LLM) application platform aimed at building, evaluating, and optimizing AI applications, secured $1.7M in Pre-Seed funding.
- Scenera to Acquire TnM AI Co. - Palo Alto, CA - Scenera, an AIoT data management company, announced its acquisition of TnM AI Co., a Seoul, South Korea-based AIoT firm.
- SEW Acquires GridExchange - Irvine, CA - SEW, specializing in AI-powered connected customer (CX) and workforce (WX) experience platforms, announced its acquisition of GridExchange from Alectra Utilities Corporation.
- Teleo Capital To Merge Sharpen Technologies and Plum Voice - Teleo Capital announced its plan to merge Sharpen Technologies, an Indianapolis, IN-based provider of cloud-based contact center software, with Plum Voice, a NY-based leader in AI-powered voice-based customer interaction tech.
- Databricks to Acquire Arcion - San Francisco, CA - Databricks, a data and AI entity, acquired Arcion, a Databricks Ventures portfolio firm that aids enterprises in data replication across diverse platforms.