AI Funding News: Week Ending 5.17 Hey there, AI enthusiasts! This week's newsletter is brimming with exciting updates from the AI investment world, showcasing how innovative solutions are fueling industries across North America and EMEA.
Firmus Secures Funding to Enhance AI-Driven Preconstruction Design Review and Risk Analysis Firmus specializes in transforming preconstruction processes through advanced AI technology.
Numra Raises €1.5M to Launch AI Finance Assistant "Mary" in the US Previously known as Autonifai, Numra is dedicated to enhancing the productivity of finance teams by up to 50% through AI.
PolyAI Raises $50M in Series C to Enhance AI-Powered Voice Assistants for Enterprise Contact Centers PolyAI is at the forefront of conversational AI technology.
Voxel51 Raises $30M in Series B Funding to Expand Visual AI Operations Voxel51 specializes in visual AI technologies, empowering engineers and scientists with advanced tools to integrate computer vision into their workflows.
Angel AI Raises $4.75M Seed Investment to Enhance Child-Friendly AI Platform Angel AI is committed to transforming how children interact with the internet by providing a secure and engaging digital environment free from ads, predatory monetization, and data reselling.
Kudos Raises $10.2M in Series A to Enhance AI-Powered Smart Wallet Service Founded in 2021 by veterans from Google, PayPal, and Affirm, Kudos uses advanced technology to help consumers manage their credit cards and rewards efficiently.
hexafarms Raises €1.3M in Pre-Seed Funding to Optimize Greenhouses with AI hexafarms is an agtech startup focused on enhancing the efficiency of greenhouses and indoor farms globally through advanced AI-driven technologies.
Grasp Raises $1.9M to Enhance AI Platform for Investment Banks and Consultants Grasp is a tech startup focused on revolutionizing how investment banks and management consultants work by providing advanced AI tools.
Malted AI Raises £6M to Enhance AI Model Development for Enterprises Malted AI is an AI firm that develops smaller, domain-specific AI models for enterprises, enhancing their efficiency and cost-effectiveness.
enspired Raises €25.5M in Series B Funding to Expand Global AI-Based Power Trading Operations enspired is an AI-based power trading company that optimizes and monetizes energy assets for the energy sector.
Ndustrial Raises $18.5M in Series B Funding to Optimize Energy Use in Industrial Systems Ndustrial offers an AI-powered energy intensity platform that integrates production and energy data from nearly any industrial system, providing real-time insights into energy use.
ChainML Raises $6.2M in Seed Extension Funding for Its AI and Blockchain Integrated Platform, Theoriq ChainML is committed to pioneering a movement towards a transparent, community-governed AI ecosystem with Theoriq, laying the foundation for continuously improving AI systems governed by their community of users.
SmarterDx Raises $50M in Series B Funding to Enhance Clinical AI for Revenue Integrity and Care Quality SmarterDx is committed to empowering clinical documentation integrity and coding teams to capture a more accurate, complete picture of patient care, thereby enabling healthcare providers to focus on patient care rather than paperwork.