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Hebbia nets $130M to build the go-to AI platform for knowledge retrieval
In the era of artificial intelligence (AI), enterprises are eager to leverage large language models (LLMs) to optimize critical internal functions. Despite significant investments, achieving a substantial return on investment (ROI) remains a challenge. Today, New York-based startup Hebbia, which focuses on simplifying information retrieval through AI, announced it has secured $130 million in Series […]
Synthflow picks up $7.4M for no-code voice assistance for SMEs
Synthflow, a Berlin-based startup, has announced a $7.4 million seed round to further develop its no-code AI voice assistance platform designed for small and medium-sized enterprises (SMEs). The company, which focuses on automating repetitive tasks for busy business owners, has raised a total of $9.1 million since its inception around spring last year, highlighting the […]
Austin’s Ironspring Ventures raised $100M to invest in the industrial revolution.
When Ironspring Ventures launched in 2020 to back startups in industrial sectors like construction and manufacturing, it was one of very few early-stage venture firms paying attention to these capital-intensive sectors. Now, the firm is doubling down on its initial commitment. The Austin, Texas-based firm raised $100 million for its second fund, focusing exclusively on […]
Teen Innovators Secure $500K Seed Funding for AI API Startup
In an inspiring twist to the usual post-graduation story, 18-year-old best friends Christopher Fitzgerald and Nicholas Van Landschoot are trading summer fun for hard work in the world of startups. The recent high school graduates from Boulder, Colorado, have secured a $500,000 pre-seed investment from Varana Capital to launch their innovative venture, APIGen. From High […]
Stability AI Announces New Leadership Amid Ongoing Generative AI Advancements
Generative AI startup Stability AI, known for its innovative text-to-image technology, Stable Diffusion, has appointed Prem Akkaraju, former CEO of Weta Digital, as its new full-time CEO. This leadership change follows the departure of founder and former CEO Emad Mostaque amidst investor concerns about the company’s financial health. Leadership Transition at Stability AI Prem Akkaraju […]