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26 Nov 2024

Cradle Secures $73M to Advance AI-Driven Protein Engineering Platform

Cradle, an AI-powered protein engineering platform, raises $73 million in Series B funding to expand its capabilities and accelerate protein discovery across various industries.

3 Sources

Meesho Launches Gen AI-Powered Voice Bot for Customer Support, Cutting Costs by 75%

Indian e-commerce company Meesho introduces a multilingual Gen AI-powered voice bot for customer support, handling 60,000 calls daily and reducing per-call costs by 75%.

4 Sources

Mistral AI Expands to Silicon Valley, Challenging US AI Giants

Mistral AI, Europe's most valuable AI startup, is expanding its presence in Silicon Valley to compete for top AI talent and challenge US tech giants. The move highlights the company's ambition to grow beyond its European roots while maintaining its identity as a provider of "sovereign AI".

3 Sources

Halcyon Secures $100M Funding to Combat Ransomware with AI-Powered Solution

Halcyon Tech Inc., an Austin-based startup, has raised $100 million in Series C funding to enhance its AI-driven platform that detects and reverses ransomware attacks. The investment propels Halcyon to unicorn status with a $1 billion valuation.

2 Sources

25 Nov 2024

Indian AI Startup Funding: A Tale of Two Quarters in 2024

Indian AI startup funding shows contrasting trends in Q2 and Q3 of FY2025, with Generative AI seeing a surge while overall AI funding dips. The ecosystem demonstrates resilience and growth potential despite market volatility.

2 Sources

Ubitium Unveils Universal RISC-V Processor: A Game-Changer in AI and Computing Integration

Ubitium, a startup led by semiconductor veterans, announces the development of a revolutionary Universal Processor that combines CPU, GPU, DSP, and FPGA functionalities into a single RISC-V chip, aiming to transform the processor market by 2026.

3 Sources

Former BP CEO Bernard Looney Joins AI Data Center Startup Prometheus Hyperscale as Chairman

Bernard Looney, former CEO of BP, has been appointed as chairman of Prometheus Hyperscale, a startup planning to build a $10 billion AI data center in Wyoming. The move highlights the growing intersection between energy and AI industries.

4 Sources

23 Nov 2024

AI Chip Startup MatX Secures $80M in Series A Funding, Challenging NVIDIA's Dominance

MatX, founded by former Google engineers, raises $80 million in a Series A round led by Spark Capital, valuing the company at over $300 million. The startup aims to develop AI chips that outperform NVIDIA's GPUs in large language model processing.

2 Sources

Amazon Deepens AI Partnership with Anthropic, Investing Additional $4 Billion

Amazon has expanded its collaboration with AI startup Anthropic, investing an additional $4 billion and designating AWS as Anthropic's primary cloud and training partner. This move strengthens Amazon's position in the competitive AI market.

41 Sources

22 Nov 2024

H Launches Runner H: A Breakthrough in Agentic AI for Web Automation

H, an AI startup that raised $220M, introduces Runner H, a cloud-based web agent that promises to revolutionize task automation and workflow management using advanced AI technology.

2 Sources

SoundHound AI: The Rising Star in AI-Powered Audio Recognition

SoundHound AI, a company specializing in AI-powered audio recognition, is gaining attention as a potential high-growth stock in the AI sector. With impressive revenue growth and diverse applications, it's being compared to successful AI companies like Palantir.

9 Sources

AI-Powered Enveda Biosciences Secures $130M for Natural Compound Drug Discovery

Enveda Biosciences, a startup leveraging AI for drug discovery from natural compounds, raises $130 million in Series C funding. The company aims to accelerate the development of novel therapeutics and has initiated a Phase I clinical trial for an eczema treatment.

2 Sources

Datarails and Zone & Co Secure Spots on Deloitte's 2024 Technology Fast 500™ List

Datarails and Zone & Co, two financial technology companies, have been recognized for their rapid growth on Deloitte's 2024 Technology Fast 500™ list, highlighting the increasing demand for AI-powered financial planning and analysis tools.

2 Sources

Wiz Acquires Dazz for $450 Million to Enhance Cloud Security Remediation

Cloud security leader Wiz has acquired Dazz, a startup specializing in cloud remediation and application security posture management, for $450 million. This acquisition aims to extend Wiz's cloud and AI security platform with advanced remediation capabilities.

3 Sources

Wordware Secures $30M to Revolutionize AI Development with Natural Language Programming

Wordware, a San Francisco startup, raises $30 million in seed funding to transform AI development by enabling programming through ordinary English, potentially disrupting the entire AI industry.

3 Sources

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