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22 Nov 2024

Lightning AI Secures $50M to Streamline AI Development with PyTorch Lightning

Lightning AI, the company behind PyTorch Lightning, raises $50 million to simplify AI infrastructure and development, aiming to reduce the complexity and cost of building AI platforms for enterprises.

3 Sources

AI's Transformative Potential in Strategic Decision-Making: Insights from Entrepreneurship and Investment Research

A new study explores how AI could revolutionize strategic decision-making in businesses, demonstrating its ability to generate and evaluate strategies on par with human entrepreneurs and investors.

2 Sources

21 Nov 2024

Blue Bear Capital Raises $160M for AI-Powered Climate and Energy Tech Investments

Blue Bear Capital closes its third fund, focusing on AI and machine intelligence solutions for energy, infrastructure, and climate challenges. The fund aims to invest in software-centric approaches to tackle environmental issues.

2 Sources

Lighthouse Secures $370 Million Investment, Reaching Unicorn Status in Travel Tech

Lighthouse, a leading commercial intelligence platform for the hospitality industry, has raised $370 million in a Series C funding round led by KKR, valuing the company at over $1 billion. The investment will fuel AI-driven innovations and global expansion.

6 Sources

OneCell Diagnostics Secures $16M for AI-Powered Cancer Recurrence Detection

OneCell Diagnostics, a genomics-based startup, has raised $16 million in Series A funding to expand its AI-driven cancer recurrence detection technology. The company aims to revolutionize precision oncology with its innovative liquid biopsy approach.

3 Sources

Digital Currency Group Launches Yuma to Spearhead Decentralized AI Development on Bittensor Network

Barry Silbert's Digital Currency Group (DCG) introduces Yuma, a new subsidiary focused on promoting decentralized AI through the Bittensor network, aiming to challenge centralized AI giants and democratize AI development.

3 Sources

Prompt Security Raises $18M to Enhance Enterprise Protection Against Generative AI Risks

Prompt Security, a startup specializing in generative AI security, has secured $18 million in Series A funding to advance its mission of protecting enterprises from AI-related threats while providing visibility and governance over AI tools.

2 Sources

French AI Startup H, Backed by Billionaires, Prepares for New Funding Round After Product Launch

H, a French AI startup founded by DeepMind veterans and backed by high-profile investors, announces its first product and plans for additional funding to compete in the autonomous AI agent market.

3 Sources

Federato Raises $80 Million to Revolutionize Insurance Underwriting with AI

Federato, an AI-native underwriting platform for insurance, has secured $80 million in funding to expand its RiskOps platform globally, aiming to bring more insurers into the AI era.

2 Sources

Cardo AI Secures $15 Million in Series A Funding to Modernize Asset-Based Finance with AI Technology

Cardo AI, a fintech company specializing in asset-based finance and private credit technology, has raised $15 million in a Series A funding round co-led by Blackstone, FINTOP Capital, and JAM FINTOP. The investment aims to support Cardo AI's expansion into the U.S. market and accelerate its mission to modernize the $40 trillion asset-based finance sector with AI-driven solutions.

2 Sources

Cyera Secures $300M Funding, Valuation Soars to $3B as AI-Driven Data Security Gains Traction

Cyera, an AI-powered data security startup, has raised $300 million in a Series D round, doubling its valuation to $3 billion in just seven months. The funding highlights the growing importance of AI-driven data security solutions in the evolving digital landscape.

2 Sources

20 Nov 2024

Twilio Celebrates 16th Birthday with 2024 AI Startup Searchlight Awards

Twilio announces the honorees of its second annual AI Startup Searchlight Awards, recognizing 16 startups leveraging AI and Twilio's communication tools to transform customer engagement.

2 Sources

ProRata.ai: Pioneering Ethical AI with $130M Valuation and UK Media Partnerships

ProRata.ai, a US AI startup, secures partnerships with major UK publishers and achieves a $130 million valuation. The company aims to revolutionize content compensation in AI-driven platforms.

2 Sources

AI Progress Slows as Scaling Laws Show Diminishing Returns

Leading AI companies are experiencing diminishing returns on scaling their AI systems, prompting a shift in approach and raising questions about the future of AI development.

7 Sources

Sam Altman Leads $150M Funding Round for AI Chip Startup Rain AI, Challenging Nvidia's Dominance

OpenAI CEO Sam Altman is spearheading a $150 million funding round for Rain AI, a semiconductor startup aiming to rival Nvidia in the AI chip market. The move comes as Nvidia strengthens ties with Elon Musk's xAI, potentially reshaping the AI chip landscape.

2 Sources

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