AI Funding News: Week Ending 5.24
Grab your beer and lawn chair to scroll through the world of AI funding this week.
![AI Funding News: Week Ending 5.24](/content/images/size/w1200/2024/05/Ai-funding-news-week-endign-5.24--1-.jpg)
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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