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16 May 2025

Cohere Doubles Revenue to $100 Million with Enterprise-Focused AI Strategy

AI startup Cohere has doubled its annualized revenue to $100 million, driven by a strategic shift towards secure, customized AI tools for enterprise clients in regulated sectors.

2 Sources

Cognichip Emerges from Stealth with $33M to Revolutionize Chip Design Using AI

Cognichip, a San Francisco-based startup, has emerged from stealth with $33 million in seed funding to develop an AI model aimed at accelerating chip design and production. The company's "Artificial Chip Intelligence" approach could potentially transform the semiconductor industry.

2 Sources

Arrive AI Debuts on Nasdaq, Revolutionizing Autonomous Last-Mile Delivery

Arrive AI, a pioneer in autonomous delivery networks, begins trading on Nasdaq under the symbol ARAI, marking a significant milestone in the AI-powered logistics industry.

2 Sources

Pathos AI Secures $365 Million in Series D Funding to Advance AI-Powered Oncology Drug Development

Pathos AI, a startup using artificial intelligence for oncology drug development, has raised $365 million in Series D funding. The company plans to use the funds to advance its clinical-stage pipeline and develop a large multimodal AI foundation model for oncology research.

2 Sources

15 May 2025

Hedra Secures $32M in Series A Funding to Advance AI-Generated Character Videos

Hedra, an AI startup specializing in lifelike video generation, has raised $32 million in a Series A funding round led by Andreessen Horowitz. The company aims to revolutionize character-driven storytelling with its advanced AI models.

4 Sources

Granola Raises $43M in Series B Funding, Launches AI-Powered Collaborative Workspace

AI note-taking app Granola secures $43 million in Series B funding and introduces Granola 2.0, transforming into a collaborative AI workspace for teams with advanced features for knowledge sharing and insights.

3 Sources

Harvey AI in Talks to Raise $250M at $5B Valuation, Signaling Rapid Growth in Legal Tech

Legal tech startup Harvey AI is reportedly in advanced discussions to raise over $250 million in a new funding round, potentially valuing the company at $5 billion. This significant increase in valuation highlights the growing interest in AI-powered legal solutions.

3 Sources

Patronus AI Launches Percival: A Breakthrough in AI Agent Monitoring and Error Detection

Patronus AI introduces Percival, an innovative platform designed to automatically identify and fix failures in AI agent systems, addressing growing enterprise concerns about AI reliability and governance.

2 Sources

Layer Raises $6.5M for AI-Powered Game Development Tools

Layer, an AI application gateway for game developers, has secured $6.5 million in seed funding to enhance its next-generation production tools, aiming to streamline game development processes across mobile, PC, and console platforms.

2 Sources

14 May 2025

Databricks Acquires Neon for $1B, Boosting AI-Driven Database Capabilities

Databricks, a data analytics giant, is set to acquire Neon, an open-source database startup, for $1 billion. This strategic move aims to enhance Databricks' AI infrastructure and meet the growing demand for AI-native, agent-driven applications.

17 Sources

TensorWave Secures $100M to Expand AMD-Powered AI Infrastructure

TensorWave, an AI infrastructure startup, raises $100 million in Series A funding to grow its AMD-powered cloud services, challenging Nvidia's dominance in the AI chip market.

6 Sources

ContraVault AI Secures ₹5.1 Crore Seed Funding to Revolutionize Tender Management with AI

ContraVault AI, an AI-powered platform for tender and RFP management, has raised ₹5.1 crores in seed funding led by Titan Capital. The startup aims to transform traditional workflows in tender management using advanced AI.

2 Sources

Adopt AI Secures $6 Million in Seed Funding to Revolutionize Agentic AI Integration

Adopt AI, a startup specializing in agentic AI, has raised $6 million in seed funding led by Elevation Capital. The company aims to simplify the integration of intelligent agent capabilities into business applications, potentially transforming how users interact with software.

2 Sources

13 May 2025

Helsing Unveils AI-Powered Underwater Drone Swarm for Naval Surveillance

European defence tech startup Helsing introduces SG-1 Fathom, an AI-powered autonomous mini-submarine, and Lura, an advanced acoustic detection system, to revolutionize maritime surveillance and enhance naval defense capabilities.

3 Sources

Hyperbots Secures $6.5 Million to Advance AI-Powered Finance Automation

Hyperbots, an AI startup specializing in finance and accounting automation, has raised $6.5 million in Series A funding to expand its US presence and develop new AI co-pilots, including a finance-trained language model.

2 Sources

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