Circuit’s Post

In the fast-moving tech scene, deep-tech startups are the ones making waves by tackling the big, tough problems with advanced tech. Unlike the SaaS folks who bring us handy cloud-based apps to make business smoother, deep-tech companies dive right into the heart of scientific breakthroughs. They're here to change the game across sectors. Take Panakeia, for example, they're using AI to get biomarker info straight from tissue images. And then there's Anaphite, aiming to make sustainable transport accessible to all by boosting Li-ion battery performance to match traditional methods but without the hefty price tag. This shift highlights that deep-tech is not just improving things but inventing new solutions for our biggest challenges at scale. To delve further in the landscape of deep-tech and VC, read the insightful article, Unicorns are Dead: The Age of Titans Begin by Francesco Perticarari & Silicon Roundabout Ventures. - #venturecapital #deeptech #startup

Are you ready to take your AI startup to extraordinary heights? APPLY HERE: https://lnkd.in/dpW6Zx-K Join the StartupOS Generative AI Accelerator program for a chance to win a $25,000 Grand Finalist Prize and gain unprecedented exposure to top industry leaders. Here's what's in it for you: $25,000 Cash Prize: Compete for the chance to become the Grand Prize Finalist and secure substantial funding to supercharge your growth. All finalists will receive a curated list of investors to boost their fundraising success. Powerful Partnerships: Connect directly with enterprises eager to do business with innovative startups! Thriving Community: Get one year of FREE premium access to the StartupOS platform, powered with AI PowerUp tools, mentors, and a network of founders and investors. Don't miss this incredible chance to showcase your startup's potential and take it to the next level. #GENAI #StartupOS #gamechanging #generativeai

#fundingalert 💼Company: Lakera 💰Funding: $20 Million ⚡Round: Series A 👥Investors: Atomico, Citi Ventures, Dropbox, and existing investors, including redalpine. Lakera is the world’s leading real-time GenAI security company. Customers rely on the Lakera AI Security Platform for security that doesn’t slow down their AI applications. To accelerate secure adoption of AI, the company created Gandalf, an educational platform, where more than one million users have learned about AI security. Donald Tucker, Mira Kamp, Kas Szatylowicz, Maciej Duszynski, Sweyn Venderbush, Sam Watts Read more - https://lnkd.in/gre5tqqT To share your startup story write us on - [email protected] #Lakera #GenAI #AI #security #news #startup #funding #investors #fundraising

"Employees know that the companies they should be working for have lower valuations that have more upside.” Falcon acknowledged that won’t last forever: “When we raise our Series C next, it’s likely our valuation will go up—the question is, is it in line with the revenue so that the next time it will continue to go up? If it is, that’s fine. If not, we’re back to the same problem." William Falcon, CEO of Lightning AI, speaks to Sharon Goldman and Allie Garfinkle of Fortune about the challenges presented by an exuberant fundraising market, in "For AI startups, lofty valuations could be a hurdle in the race for talent": ➡️ https://lnkd.in/gDuHarpe Also featured in this article: • Matt Schulman, CEO of data compensation platform Pave • David Katz, a partner at Radical Ventures • May Habib, CEO of enterprise generative AI platform Writer • Aishwarya Srinivasan, a senior advisor at Microsoft for Startups • Renen Hallak, CEO of AI infrastructure platform VAST Data • Jett Fein, general partner at VC firm Headline • Matt Turck, a partner at FirstMark #Startups #Fundraising #VC

It was such a pleasure to sit down with Akansha Dimri, EIC of Tech Funding News and discuss all things AI and Machine Learning as well as my journey in tech so far! Thank you for having me - it was an engaging conversation and a lot of fun! #ai #machinelearning #startups #datascience #tech

Cohere has also attracted investors. The company has raised $500 million in a Series D funding, it plans to announce on Monday. The round was led by Canadian pension investment manager PSP Investments, alongside a syndicate of additional new backers including investors at Cisco Systems Inc., Japan’s Fujitsu, chipmaker Advanced Micro Devices Inc.’s AMD Ventures and Canada’s export credit agency EDC. The fresh financing more than doubles the startup’s valuation from last year, when Cohere raised $270 million in a round led by Montreal-based Inovia Capital, and brings its total cash haul to $970 million. The round has also coincided with an increasingly competitive landscape for venture funding, even in the closely watched world of AI. Reuters previously reported some details of the deal. Cohere is one of only a handful of startups building massive large language models from scratch, partly because the technology is extremely expensive and difficult to construct. Competitors include the likes of OpenAI, Anthropic and Google. OpenAI in particular has said its goals are wildly ambitious — attempting to build artificial general intelligence, or AGI, meaning AI software capable of performing as well as (or better than) humans at most tasks. Cohere is instead pursuing the immediately practical goal of making software to help companies run more efficiently. “We’re not out there chasing AGI,” said Nick Frosst, one of the company's three co-founders. “We’re trying to make models that can be efficiently run in an enterprise to solve real problems.” https://lnkd.in/gDf3FWRG

VCs/investors racing to fund male-founded AI startups, this could happen to YOUR children, unless you start funding female founders, FAST. Read Jason Koebler Emanuel Maiberg 404 Media 'A High School Deepfake Nightmare' https://lnkd.in/evcYAAhN, then read me for Fast Company on '3 Reasons The Future of AI Relies On Women' https://lnkd.in/gF9JGCUX (Reason No 1: we make AI safer), then update your investment thesis to make far more money out of AI when you #FundFemaleFounders

Hebbia, an innovative startup using generative AI to search large documents and answer complex questions, has successfully raised $130 million in a Series B funding round. This investment, which values the company at approximately $700 million, was led by Andreessen Horowitz, alongwith Index Ventures, Google Ventures, and Peter Thiel. The funding follows a growing trend where AI startups achieve valuations at 50 times their annual recurring revenue (ARR) or more. Hebbia, founded by George Sivulka during his PhD studies in electrical engineering at Stanford, boasted an ARR of $13 million and was already profitable at the time of pitching investors. The $700 million valuation places Hebbia's worth at about 54 times its ARR, reflecting the significant interest and confidence in AI-driven enterprises. Similar startups, such as Glean and Harvey, have also seen valuations exceeding 60 times their ARR. Founded in 2020, Hebbia initially developed an AI-powered search and summarisation tool but later pivoted to create an AI analyst named Matrix. This main product can ingest multiple files of unlimited length and respond to user queries in a tabular format similar to a spreadsheet. For instance, Matrix can process SEC filings and other documents to organise and compare information about a specific company and its competitors. Hebbia primarily serves asset managers, investment banks, and other financial institutions, but is expanding its reach to law firms and pharmaceutical companies. "Hebbia's technology is already used by 30% of all asset managers for due diligence, asset pricing, and other research activities," Sivulka said. The recent funding will be used to expand Hebbia's team, enhance its presence in the financial services industry, and explore new verticals. Hebbia's impressive roster of clients includes investment bank Centerview Partners, Charlesbank, and legal firm Fenwick. Sivulka, often described as a tech genius, previously worked at NASA as a teenager and completed a bachelor's degree in maths from Stanford in under 3 years. Unlike many other enterprise-focused founders, Sivulka does not have direct business experience or a business-focused co-founder, making his achievements even more remarkable. #Startups #Funding #AI #ArtificialIntelligence #GenerativeAI #AIStartups

✨ AI Forge Investor Week: Pitch Night and Demo Day! ✨ We are thrilled to invite you to AI Forge's Investor Week, kicking off with Pitch Night on Tuesday and Wednesday, July 9th - 10th, and culminating with Demo Day on Thursday, July 11th. Join us as we showcase our third cohort of AI founders ready to complete their Pre-Seed investment round. Get Involved: 1. Review the Who’s Who PDF to learn about our startups. Link here: https://lnkd.in/eb3Y43EC 2. Secure a 5-minute meeting with the startup you're most interested in through this Calendly link: https://lnkd.in/eVwsn67y 3. Sign up for the event to ensure your spot! 🗓️ Event Details: Date: Tuesday, 9th July - Thursday, 11th July Time: 6 pm - 9 pm Location: x+why One Great Cumberland Place 🚀 What to Expect: • Hear pitches from 15 top AI founders. • Exclusive networking session with founders and investors. 🌟 Why Attend: • Discover investment opportunities with SEIS benefits. • Engage with the latest AI innovations. • Expand your network within the AI startup ecosystem. Reserve your seat now for an evening of groundbreaking AI innovations and investment opportunities. 🤝💼 For more details, check out here: https://lu.ma/us6whota #AIStartups #InvestInAI #InnovationInAI #AIEntrepreneurs #EmergingTech #AIInnovation