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20 Dec 2024

Confido Health Raises $3 Million to Deploy AI-Powered Digital Workers in Healthcare

Healthtech startup Confido Health secures $3 million in seed funding to enhance its AI-driven platform for automating administrative tasks in healthcare, aiming to address workforce shortages and improve operational efficiency.

3 Sources

19 Dec 2024

AI's Energy Demand Sparks Geothermal Startup Boom, Faces Natural Gas Competition

Geothermal energy startups are gaining traction as Big Tech companies seek to power AI data centers, but face challenges from natural gas competition and high initial costs.

5 Sources

Micromax and Phison Launch MiPhi: Revolutionizing AI-Powered NAND Storage in India

Micromax Informatics and Phison have formed a joint venture called MiPhi to develop and manufacture advanced NAND storage solutions in India, aiming to boost the country's AI and technology ecosystem with energy-efficient and cost-effective storage products.

5 Sources

SanchiConnect and YourNest Invest ₹48 Crore in Eight AI-Driven DeepTech Startups

SanchiConnect and YourNest Venture Capital announce a significant investment of ₹48 crore in eight AI-focused DeepTech startups through their Velocity Accelerator Program, marking India's largest DeepTech funding cohort of 2024.

2 Sources

Menlo Ventures and Anthropic Launch $100M Anthology Fund, Select First 18 AI Startups

Menlo Ventures and Anthropic have chosen the initial 18 startups for their $100 million Anthology Fund, aimed at fostering AI-first companies using Anthropic's technology. The fund offers investments and access to Anthropic's latest models.

2 Sources

TuSimple Rebrands as CreateAI: A Pivot from Autonomous Trucking to AI-Powered Gaming and Animation

TuSimple, once a prominent self-driving truck startup, has rebranded as CreateAI, marking a significant shift from autonomous trucking to AI-powered gaming and animation technology. This strategic pivot comes after recent setbacks and aims to leverage the company's AI expertise in new markets.

5 Sources

Perplexity AI Secures $500M Funding, Triples Valuation to $9B Amid AI Search Competition

Perplexity AI, an AI-powered search engine startup, has closed a $500 million funding round led by Institutional Venture Partners, tripling its valuation to $9 billion. The company is rapidly growing and competing with tech giants in the evolving AI search market.

7 Sources

Odyssey Unveils AI-Powered Explorer Tool for Generating Photorealistic 3D Worlds

Odyssey, an AI startup, launches Explorer, a tool that transforms text or images into detailed 3D renderings. The company also announces Pixar co-founder Ed Catmull joining its board, signaling a significant development in AI-generated content for creative industries.

3 Sources

Coplay Raises $1.2M to Revolutionize Game Development with AI Copilot

Coplay, an AI copilot for game developers, secures $1.2 million in pre-seed funding to streamline game development processes and automate repetitive tasks in game engines.

2 Sources

Perplexity Acquires Carbon to Enhance Enterprise AI Search Capabilities

Perplexity, the AI search startup, has acquired Carbon, a data connectivity startup, to improve its enterprise search capabilities and allow users to connect their work files and applications to AI search.

7 Sources

Bureau Secures $30 Million in Series B Funding to Combat AI-Powered Fraud with Advanced Risk Intelligence Platform

Bureau, an AI-driven risk intelligence platform, has raised $30 million in Series B funding to expand its fraud prevention capabilities globally. The round was led by Sorenson Capital with participation from PayPal Ventures and other investors.

5 Sources

18 Dec 2024

Suki AI Expands Partnership with Google Cloud to Revolutionize Clinical Assistance

Suki, a health-care AI startup, announces an expanded collaboration with Google Cloud to develop advanced patient summary and Q&A features, aiming to reduce administrative burdens for clinicians and improve patient care.

2 Sources

SandboxAQ Raises Over $300 Million, Valued at $5.6 Billion for Quantum AI Development

SandboxAQ, an AI startup specializing in quantum technology applications, has secured over $300 million in funding, reaching a valuation of $5.6 billion. The company aims to accelerate the development of advanced AI systems for various industries.

7 Sources

Vultr Secures $333M Funding, Reaching $3.5B Valuation with AMD Backing for AI Infrastructure Expansion

Cloud infrastructure provider Vultr raises $333 million in its first equity funding round, achieving a $3.5 billion valuation. The investment, co-led by LuminArx Capital Management and AMD Ventures, aims to boost Vultr's AI infrastructure and expand its global data center footprint.

7 Sources

Hostaway Secures $365 Million to Expand AI-Driven Short-Term Rental Management Platform

Hostaway, a leading property management system for short-term rentals, has raised $365 million to enhance its AI-powered tools and expand globally, capitalizing on the post-pandemic travel boom.

2 Sources

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