Financing

November 5 news, the former Xiaopeng robot product design head Sun Zhaozhi entrepreneurial establishment of Shanghai Luo Bo Intelligent Technology Co., Ltd. has completed in the middle of the year ten million yuan RMB angel round of financing, invested by industry stakeholders. According to public information, Sun Zhaozhi is the former head of product design of Xiaopeng robot (Pengxing Intelligence), and has served as responsible person for interior design of Xiaopeng Automobile, product leader of DDT car building project, and founder of XID Lab user experience design studio. Team, Luo Bo intelligent team other members mainly from byte jump, Huawei, DJI, Shangtang, MiniMax, Bubble Mart and other technology...

Ivan Crewkov, an entrepreneur from Siberia, accidentally discovered the great potential of AI education from his daughter's experience of learning English after he failed to enter the smart speaker market. Buddy.ai, the AI company he founded for children's English education, recently received $11 million in seed round financing led by BITKRAFT Ventures, and its AI technology and business model, which focuses on solving the pain points of children's English learning, has gained the recognition of capital. Crewkov's entrepreneurial path is quite dramatic. in 2014 he moved to the United States with his family, ready for the smart speaker project...

Perplexity, an artificial intelligence search company, is seeking a new round of funding of about $500 million, which would value the company at $8 billion, the Wall Street Journal reported on October 20th. People familiar with the matter said that the company has already mentioned these figures in talks with investors, but the exact terms may change and the financing may not be finalized. If this round of financing is successful, it will be Perplexity's fourth round of financing in a year, and the company's valuation will be doubled. The company was reportedly valued at $5. 2 billion in January of this year, and by this...

StarDrive Era, a body intelligence company, announced on October 16th that it has recently completed a Pre-A financing round of nearly 300 million RMB. The round was led by Clearstream Capital, Yuanjing Capital, and Alibaba, followed by Ceyuan Capital, and continued by veteran shareholders Lenovo Venture Partners, Century Jinyuan, Jinding Capital, Zeyu Capital, and Tsingtao Tiancheng, with China Renaissance continuing to serve as the exclusive financial advisor for the round. According to the company, this round of financing will mainly accelerate the native breakthrough research and development of embodied intelligence technology and the commercialization of universal humanoid robots, as well as continue to consolidate the company's talent, technological barriers and market leadership. The round of financing also...

Artificial intelligence (AI) companies continue to dominate the startup investment market in 2024. Despite some voices in the market suggesting that enthusiasm for AI is starting to wane, data shows that investors remain confident in the space. In the third quarter of this year, AI companies raised a total of 18.9 billion U.S. dollars, accounting for 28% of all venture capital investment. among them, OpenAI even completed a round of financing as high as 6.6 billion U.S. dollars on October 2, becoming the largest single-round financing case in history. The following is the foreign technology media Techcrunch collated 2024 so far fundraising...

Distributional, founded by Scott Clark, Intel's former general manager of AI software, recently closed a $19 million Series A round led by Two Sigma Ventures. In an interview with TechCrunch, Clark said that Distributional was inspired by the testing problems he encountered while applying AI at Intel, as well as his experience working at Yelp as the head of software for the ad targeting division. He emphasized:Â "As the value of AI applications continues to grow, the operations it brings...

Mental health startup Yung Sidekick has secured $825,000 in pre-seed funding to develop an artificial intelligence platform for mental health professionals. The platform captures audio of a therapist's session and automatically generates a recording, from which the AI can extract progress notes and detailed treatment reports that can be used in electronic health records in less than 2 minutes. The goal of the Yung Sidekick platform is to reduce the administrative burden on psychologists, allowing them to devote more time to meaningful interactions with clients. The company's co-founder, Stanley Ef...

In a blog post published on October 3, CNBC reported that OpenAI has secured $4 billion in revolving credit facilities on top of a new $6.6 billion funding round, meaning that the company's liquidity is more than $10 billion (currently around Rs. 70,361 crore). OpenAI has secured a $4 billion revolving credit facility from financial institutions including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander Group, Wells Fargo, SMBC, UBS and HSBC. Reports suggest that OpenAI's underlying line of credit...

Recently, news broke that artificial intelligence startup Anthropic is in preliminary talks with investors about plans to raise a new round of funding that could value the company at as much as $40 billion. The news comes from The Information, and according to an existing investor who wished to remain anonymous, the company is in discussions with investors. However, those talks are still in the early stages, and it's unclear whether investors would agree to such a high valuation. Anthropic plans to present to investors at the Morgan Stanley Private Technology Conference next month. Typically, startups...

Technology media outlet The Decoder published a blog post yesterday (September 20) reporting that OpenAI is about to complete a massive round of financing worth US$5 billion to US$7 billion (currently about RMB35.276 billion to RMB49.386 billion), with the company's valuation expected to reach US$150 billion (currently about RMB1.06 trillion). Sources said OpenAI has set a minimum investment of $250 million (currently about 1.764 billion yuan) in the financing. The financing was led by Th...

In recent news, AI company Rep.ai has announced a $7.5 million funding round, with plans to launch a new AI digital clone technology. Rep.ai plans to use the funding to further improve its AI model and recruit more excellent engineering talent to promote the development and application of "digital twin" sales representative technology. Source: Rep.ai Rep.ai's "digital twin" sales rep technology is known to clone enterprise sales reps through AI technology...

According to foreign media reports, recently, OpenAI is in late-stage negotiations for a round of huge financing, and its valuation may reach 150 billion U.S. dollars. According to sources familiar with the matter, the company has asked investors to contribute at least $250 million. The news comes as OpenAI is closing in on a new round of financing of $5 to $7 billion, led by Thrive Capital, which has committed to invest $1 billion. Microsoft, NVIDIA and Apple are in talks to invest. One of the people familiar with the matter said the tech companies' share of the round is expected to reach...

Brightband, a startup founded by former Google executives, announced Thursday (today) that it has secured $10 million (currently about Rs. 70,895,000) in Series A funding, Bloomberg reports. The round was led by Prelude Ventures, with participation from Bain Capital's Future Back Ventures and Slack co-founder Carl Henderson. The company was founded this summer by former Google executive Julian Green and three scientists to utilize AI technology...

Robstride Dynamics, a core component company of body intelligence, announced on September 13th that it had completed an angel round of financing of tens of millions of yuan. This round of financing was co-invested by Yarui Zhiyou Scientist Fund, InnoAngel Fund, and One Dimension Venture Capital. The financing funds will be used for the continuous R&D iteration of the "full series of integrated joint modules" and team building. Founded in November 2023, Spirit Foot Era focuses on the industrialized application of integrated robot joints and the creation of a global open source platform for robot hardware. The company's core team worked at Xiaomi, and has...

Recently, news broke that MGX, the UAE's state-owned investment firm, is considering participating in a multi-billion dollar funding round for OpenAI. According to the Wall Street Journal, MGX has yet to determine the exact size of its investment, while OpenAI is looking to reach $6.5 billion in funding and boost the company's valuation to $150 billion. The funding plan is backed by, among others, venture capital firm Thrive Capital, and it's possible that Microsoft could also be involved - after all, since 2019, Microsoft has invested $1...

French AI programming software startup Poolside is in talks with investors, and people familiar with the matter say the company has yet to release a product, but its estimates have shot up to $3 billion. In a new funding round, Poolside is poised to raise $500 million.Bain Capital Ventures, which is already an investor in Poolside, will be the lead investor in the round. The AI industry has lost some of its fervor because of the lack of obvious commercial returns to be seen, but the fact that investors are investing massively in a startup AI company at this time suggests that they are trying...

AI researcher Feifei Li, known as the "godmother of AI," has raised $230 million (currently about 1.638 billion yuan) for World Labs, a startup she co-founded with three colleagues to develop AI technology that understands the workings of the physical world in three dimensions, according to Reuters. World Labs' first round of funding was co-led by Andreessen Horowitz, New Enterprise Associates and Radical Ventures...

Smartcat, a Boston-based startup, recently announced that it has successfully raised $43 million in Series C funding, which will further boost the development of its AI translation platform. Founded in 2016, Smartcat specializes in providing efficient translation solutions for businesses. Co-founder and CEO Ivan Smolnikov said the company currently has more than 1,000 enterprise customers, of which 20% is a Fortune 500 company, and the customer range covers large multinational corporations and a number of government agencies. Smoln...

Recently, artificial intelligence giant OpenAI was in talks for a new round of funding with a target valuation of $150 billion. According to Bloomberg, OpenAI is looking to raise $6.5 billion from investors and plans to apply for a $5 billion revolving credit facility from banks. This would put OpenAI's new valuation at $74% higher than the $86 billion it secured earlier this year through a right of first refusal. OpenAI has been able to secure such a high valuation largely thanks to its popular chatbot, ChatGPT, which is on the market...

Connectly.ai, a company that uses artificial intelligence to help retailers and e-commerce leaders sell products and services on any messaging platform, has just secured a $20 million Series B led by Alibaba, with Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, RX Ventures, Falabella and Philippos Kourkoulos Latsis followed. Connectly is funded by Facebook, Google,...

Artificial intelligence search startup Glean said Tuesday that it has raised $260 million in a funding round, valuing the company at $4.6 billion, more than double its last reported valuation, according to a report by Foreign Affairs. The Palo Alto, California-based company, ranked No. 43 on this year's CNBC Disruptor 50 list, has raised more than $600 million to date from more than 20 investors. Glean competes with a number of well-funded generative AI startups and tech giants trying to compete with...

Recently, All Hands AI announced that it has received $5 million in seed round financing led by Menlo Ventures. Robert Brennan, co-founder and CEO of All Hands AI, said that as technology develops, programmers' work is increasingly focused on trivial tasks, such as writing unit tests, managing dependencies, and maintaining documents, which is exactly where AI can make a big difference. All Hands AI's goal is to develop a model-independent open source...

In the world of software development, document writing is often seen as a tedious and time-consuming task. Despite this, the quality and usability of documentation are key factors in improving developer experience and product competitiveness. Recently, a startup called Mintlify has emerged in this field, attracting industry attention with its innovative ideas and technologies. Mintlify's core product is a document writing platform that integrates multiple functions to help developers easily create user guides, API references, and SDK documentation. The platform is unique in its AI-driven automatic document generation and...

Recently, the sports technology startup SportAI completed a $1.8 million seed round. This platform uses artificial intelligence to improve sports performance. SportAI's system focuses on coaching, commenting and analysis of sports techniques, using machine learning, computer vision and biometrics. This company focuses on the B2B market and mainly serves coaches, training facilities, media broadcasts, and sports equipment brands and retailers. SportAI's cloud platform can analyze athletes' technical performance in real time and provide personalized feedback to help them in golf, tennis and other sports...