Ai Funding Week Ending - 6.16

This week we saw a powerhouse of an investment across the pond in 🇫🇷France 🥖with Mistral raising over €105m ($113m roughly).  

3 friends from major tech companies (Meta and Google), no product, and a bare bones website.  They plan to compete against OpenAI and Google's DeepMind.

They are only 4 weeks old and this is their website:

Is this a sign the markets are making a turn around?  

Who knows, but here at Feed the Ai we are sharing all the latest Ai and robotics companies that did receive funding this past week:  

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Mistral AI Raises €105m in Seed Funding
Paris, France - Ai company developing generative AI models, raised €105m in seed funding at €240m valuation.

Synthesia Raises $90M in Series C Funding
London, UK - AI video creation platform for enterprises, raised $90M in Series C funding.  This round brings their valuation to $1 Billion!

Glystn Raises $4M in Funding
San Francisco, CA - AI-driven community engagement engine that helps creators scale through intelligent automation, raised $4m in funding.

Snowplow Receives Investment From Databricks Ventures
Boston, MA - AI customer behavioral data platform, received an investment from Databricks Ventures.

Ten63 Therapeutics Raises $15.9M in Series A Financing
Durham, NC - Combining generative AI models to develop therapeutics, raised $15.9M in Series A funding.

Blackbird.AI Raises $20M in Series B Funding
New York,NY - AI-driven Narrative and Risk Intelligence company, raised $20M in Series B funding.

Primer Raises $69M in Series D Funding
San Francisco, CA - AI/ML technology company specializing in AI-powered data analytics, raised $69M in a first close of a Series D funding.

Paro Raises $25M in Series C Funding
Chicago, IL - AI-powered marketplace for on-demand finance and accounting raised $25M in Series C funding.

AptEdge Closes $11M Seed Funding
Redwood City, CA - Generative AI startup building an answer engine for customer service, raised $11M in Seed funding.

Wherobots Raises $5.5M in Seed Funding
Scottsdale, AZ -  Geospatial analytics data platform and AI, raised $5.5M in Seed funding.

SiMa.ai Raises $13M in Funding
San Jose, CA - Machine learning company delivering solutions for the embedded edge, raised $13m in additional funding.

Purlin Receives Investment From Rice Park Capital
Silicon Beach, CA - AI-powered real estate platform, received an undisclosed investment from Rice Park Capital.

Granica Raises $45M in Funding
Mountain View, CA - AI efficiency platform provider, raised $45M in funding.

Unspun Raises $14M in Series A Funding
Oakland, CA - Robotics and apparel company, raised $14m in Series A funding.

Glyphic AI Raises $5.5M in Pre-Seed Funding
London, UK - Ai copilot that assists sales teams in analyzing customer interactions, raised $5.5M in Pre-Seed funding.

Meshcapade Raises $6M in Seed Funding
Tübigen, Germany - AI solutions for modeling, analysis and synthesis of 3D digital humans in motion, raised $6M in Seed funding.

EdgeTier Raises €6M in Series A Funding
Dublin, Ireland - Ai company that helps customer contact centers improve customer experience, raised €6M in Series A funding.

Gensyn Raises £33.8M in Series A Funding
London, UK - Decentralized AI software provider, raised £33.8m in Series A funding.

Normal Computing - Raises $8.5M in Seed funding
New York, NY - Full-stack probabilistic compute infrastructure enabling artificial intelligence, raised $8.5M in Seed funding.

Acquisitions:

• Virtana Acquires Cloud and Kubernetes Observability Solution Powered by Advanced AI and Open-Source Telemetry Collection, OpsCruise
• Verix Acquires start-up.ai, Further Enhancing its Capabilities to Leverage the Power of AI to accelerate brand growth for life Science Companies
• MAI CLOUD, A SUBSIDIARY OF GENAI, ACQUIRES AI COMPUTE BUSINESS

Some other reads from the week:

McKinsey put out their Ai report stating "Generative AI's impact on productivity could add trillions of dollars in value to the global economy." :

The economic potential of generative AI: The next productivity frontier

Accenture announces plans to invest $3 Billion in AI over the course of 3 years. The plan is to help clients across all industries rapidly and responsibly advance the use AI:

Accenture to Invest $3 Billion in AI to Accelerate Clients’ Reinvention

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