AI Funding News: Week Ending 5.24
Grab your beer and lawn chair to scroll through the world of AI funding this week.
It's Memorial Day weekend here in the USA, but before we head out for the kick-off of summer, let's recap the latest and greatest in AI investments.
So, grab your beer and lawn chair to scroll through the world of AI funding this week.
USA:
ThinkLabs AI Raises $5M in Seed Funding
New York, NY - ThinkLabs AI, a startup focused on enhancing grid planning through intelligent automation and AI, raised $5M in Seed funding.
Skribe.ai Raises $3.5M in Seed Funding
Austin, TX - Skribe.ai, a legaltech platform, raised $3.5M in Seed funding.
Patronus AI Raises $17M in Series A Funding
San Francisco, CA - Patronus AI, a provider of an automated evaluation and security platform, raised $17M in Series A funding.
Superlegal Raises $5M in Seed Funding
New York, NY - Superlegal, a provider of an AI platform for legal contract review for small and medium-sized businesses, raised $5M in Seed funding.
Coactive Systems Raises $30M in Series B Funding
San Jose, CA - Coactive Systems, an AI-powered platform that makes image and video data useful, raised $30M in Series B funding at a $200M valuation.
Velotix Receives Funding from Barclays Bank and Capri Ventures
New York, NY - Velotix, a provider of an AI-driven Data Security Platform (DSP), received an investment from Barclays Bank and Capri Ventures.
InfinitForm Raises Seed Funding
Los Angeles, CA - InfinitForm, a provider of GenAI software, raised an undisclosed amount in Seed funding.
WitnessAI Raises $27.5M in Series A Funding
San Mateo, CA - WitnessAI, creator of an enablement platform for safe AI use, raised $27.5M in Series A funding.
Expedera Raises $20M Series B Funding Round
Santa Clara, CA - Expedera, a licensor of edge inference AI semiconductor intellectual property, raised $20M in Series B funding.
Videra Health Raises $5.6M in Funding
Orem, UT - Videra Health, a provider of an AI-driven mental health assessment platform, raised $5.6M in Seed II funding.
Scale AI Raises $1 Billion Series F Funding
San Francisco, CA - Scale AI, a data foundry for AI, raised $1 Billion in Series F funding.
Overland AI Raises $10M in Seed Funding
Seattle, WA - Overland AI, specializing in off-road ground vehicle autonomy for the defense sector, raised $10M in Seed funding.
Daffodil Health Raises $4.6M in Seed Funding
San Francisco, CA - Daffodil Health, a provider of healthcare pricing and administration AI-powered solutions, raised $4.6M in Seed funding.
EMEA:
Praktika Raises $32.5M in Series A Funding
London, UK - Praktika, a provider of a language learning app that uses personalised AI-powered avatars, raised $32.5M in Series A funding.
DeepL Receives $300M Investment at $2 Billion Valuation
Cologne, Germany - DeepL, a language AI company, received a $300M investment at a $2 billion valuation.
H Raises $220M in Seed Funding
Paris, France - H, a global foundation model and agentic AI company, raised $220M in Seed funding.
Haz Raises $1.4M in Pre-Seed Funding
London, UK - Haz, a startup providing an AI social commerce app, raised $1.4M in Pre-Seed funding.
QA.tech Raises Additional €3M in Seed Funding
Stockholm, Sweden - QA.tech, a company that develops an AI-based testing tool for applications and SaaS services, raised an additional €3M in Seed funding.
Acquisitions:
Randstad Digital Acquires Torc
Diemen, The Netherlands - Randstad Digital, a digital enablement partner providing digital talent solutions, acquired Torc, a Boston, MA-based AI-powered talent marketplace platform.
Glassbox to Be Acquired by Alicorn Venture Partners
London, UK - Glassbox, a provider of AI-powered customer intelligence solutions, is to be acquired by Alicorn Venture Partners in an all-cash transaction valued at approximately $150M.
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