AI Funding News: Week Ending 3.15
Welcome to this week's AI & Robotics Funding Roundup. It's been a bustling week in the AI sector, with significant investments from coast to coast and across the globe.
Welcome to this week's AI & Robotics Funding Roundup
It's been a bustling week in the AI sector, with significant investments from coast to coast and across the globe.
Some quick highlights:
In the USA, we've seen impressive rounds like HiLabs securing $39M for their dirty data management solutions, and Zephyr AI grabbing a headline-making $111M in Series A financing. Not to be outdone, DraftWise, Lily AI, and several others are pushing the envelope in their respective niches, from legal tech to cybersecurity, each bagging millions to innovate and expand.
Moving over to the EMEA region, innovation continues with ThinkSono in London leading ultrasound AI solutions with a fresh £2.1M, and Ai Palette in Singapore redefining consumer goods development with a $5.8M Series A1 round. European startups like Frontnow and Polar Signals are not far behind, securing significant funds to advance AI in retail and performance optimization.
On the acquisition front, Bain & Company and Accelirate made strategic moves by acquiring PiperLab and Revelation AI, indicating a growing trend of consolidation and expansion in the AI space.
Whether you're in the startup ecosystem or just keen on the latest tech trends, this week's funding activities signal a vibrant and rapidly evolving AI and robotics landscape.
Let's dive into the highlights:
USA:
HiLabs Closes $39M in Series B Funding
- Bethesda, MD - HiLabs, a provider of AI-powered solutions to manage dirty data, raised $39M in Series B funding.
Big Sur AI Raises $6.9M in Seed Funding
- Mountain View, CA - Big Sur AI, a provider of an AI platform for e-commerce, raised $6.9M in Seed funding.
Zephyr AI Raises $111M in Series A Financing
- Location not provided - Zephyr AI, details about the company's focus not provided, raised $111M in Series A financing.
DraftWise Raises $20M in Series A Funding
- New York, NY - DraftWise, a provider of an AI-powered contract and negotiation platform for lawyers, raised $20M in Series A funding.
Lily AI Closes $20M Series B-1 Funding
- Mountain View, CA - Lily AI, a provider of a retail technology platform specializing in AI solutions for retailers and brands, raised $20M in Series B-1 funding.
Redcoat AI Raises $4.24M in Funding
- San Francisco, CA - Redcoat AI, a cybersecurity company at the forefront of combating AI-powered threats, emerged from stealth mode
Axion Ray Announces $17.5M in Series A Funding
- New York, NY - Axion Ray, a provider of an AI-powered observability command center, raised $17.5M in Series A funding.
Tavus Raises $18M in Series A Funding
- San Francisco, CA - Tavus, a generative AI video research company, raised $18M in Series A funding.
Nanonets Raises $29M in Series B Funding
- San Francisco, CA - Nanonets, a provider of an AI-based workflow automation platform for business processes, raised $29M in Series B funding.
- Arlington, VA - Pienso, offering an interactive AI platform for turning text data into insights without coding, raised $10M in new funding.
CodaMetrix Raises $40M in Series B Financing
- Boston, MA - CodaMetrix, providing an AI solution focused on healthcare and revenue cycle management, raised $40M in Series B funding.
Prescient AI Raises $10M in Series A Funding
- Miami, FL - Prescient AI, specializing in AI-powered media measurement and optimization, raised $10M in Series A funding.
Milu Health Raises $4.8M in Seed Funding
- New York, NY - Milu Health, a health tech company using AI to drive healthcare cost savings, raised $4.8M in Seed funding.
Neuron7.ai Receives Strategic Investment from ServiceNow Ventures
- San Jose, CA - Neuron7.ai, specializing in AI for service, received a strategic investment from ServiceNow Ventures.
Tierra Biosciences Raises $11.4M in Series A Funding
- San Leandro, CA - Tierra Biosciences, providing a predictive AI-guided cell-free technology platform, raised $11.4M in Series A funding.
Adaptive ML Raises $20M in Seed Funding
- Paris, France / New York, NY - Adaptive ML, enabling companies to perpetually improve their generative AI models based on users’ interactions, raised $20M in Seed funding.
Bluwhale Raises $7M in Seed Funding
- San Francisco, CA - Bluwhale, an AI Web3 startup, raised $7M in Seed funding.
Reach Security Raises $20M in Funding
- Sunnyvale, CA - Reach Security, providing AI solutions for security operations, raised $20M in funding.
- New York, NY - MAXE AI, a provider of an AI investing assistant app, raised an undisclosed amount in Seed funding.
Guardrails AI Raises $7.5M in Seed Funding
- San Francisco, CA - Guardrails AI, an AI assurance company, raised $7.5M in Seed funding.
Velou Raises $4M in Seed Funding
- San Francisco, CA - Velou, an AI-powered product data enrichment and search automation platform, raised $4M in Seed funding.
RapidCanvas Raises $7.5M in Seed Funding
- Austin, TX - RapidCanvas, an AI platform built for business, raised $7.5M in Seed funding.
EMEA:
ThinkSono Raises £2.1M in Funding
- London, UK - ThinkSono, a medical technology company specializing in ultrasound AI guidance solutions, raised £2.1M in funding.
Ai Palette Raises US$5.8M in Series A1 Funding
- Singapore - Ai Palette, an AI and ML company for consumer packaged goods (CPG) development, raised US$5.8M in Series A1 funding.
Frontnow Raises €3.8M in Extended Seed Funding
- Berlin, Germany - Frontnow, a tech startup developing AI solutions for online retailers, raised €3.8M in extended Seed funding.
Polar Signals Raises $10.8M in Funding
- Berlin, Germany - Polar Signals, a leader in AI-Driven Performance Optimizations, secured an additional $6.8M in funding, bringing its total capital raised to $10.8M.
Spacely AI Raises Pre-Seed Funding
- Bangkok, Thailand - Spacely AI, a provider of a comprehensive interior architecture design platform empowered by generative AI, raised an undisclosed amount in Pre-Series A funding.
Acquisitions
Bain & Company Acquires PiperLab
- Madrid, Spain - Global consultancy Bain & Company acquired PiperLab, a provider of artificial intelligence (AI) and machine learning (ML) solutions.
Accelirate Acquires Revelation AI
- Sunrise, FL / Greater Boston Area, MA - Accelirate, a provider of AI-enabled automation services, acquired Revelation AI, a Platinum Salesforce Partner specializing in AI & Predictive Analytics.
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