AI Insider’s Post

Magic, a US-based startup specializing in AI models for coding, is negotiating a funding round exceeding $200 million, which could value the company at approximately $1.5 billion. This information comes from three anonymous sources familiar with the private discussions. Despite not having any products on the market or a concrete revenue stream, Magic's valuation is set to triple since its last funding round just a few months ago. Notably, Magic employs just over 20 people. Its previous funding round in February valued the company at $500 million, according to PitchBook. Since its inception in 2022, Magic has raised $140 million from investors like Nat Friedman, Daniel Gross’s NFDG Ventures, and Alphabet’s CapitalG . Read the full news article at: https://lnkd.in/gQBDrRZ7 CXOtv news | Techplus Media | Techplus Media Group | itVARnews Kalpana Singhal | ANUJ SINGHAL |  #CXOTVDailyNews / #CXOTVnews #AIcoding #MagicAI #startupnews #techinvestment #softwaredevelopment #VentureCapital #GitHubCopilot #AIinnovation

Skyflow, a software service provider that stores user data for companies, has raised $30 million to extend its Series B funding round. The round was led by Khosla Ventures and existing investors Mouro Capital, Foundation Capital, and Canvas Ventures. The Palo Alto, California-headquartered startup, provides data privacy vault services that help digital-native client companies isolate, protect, and govern customers’ sensitive data. Clients can subscribe to Skyflow’s systems to securely implement LLMs and meet data localization requirements across the globe. It supports nearly a billion records of user data for customers like GoodRx, Lenovo, and Hippocratic AI, and processes over two billion application programming interface (API) calls quarterly. Founders: Anshu Sharma, Roshmik Saha Follow Rise & Shine for daily startup updates. Stay informed, stay ahead ➡️ www.riseshine.in #funding #startup #machinelearning #dataprivacy #api

Auquan, a startup focused on AI solutions for financial services, has raised an additional $4.5 million in seed funding, bringing its total raised to $8 million. This latest funding round was led by Peak XV’s Surge program, with participation from Neotribe Ventures. #auquan #ai #funding #investmentnews #businessnews #m18infinity #m18infinitymedia

The 'godmother of AI' Fei-Fei Li, reportedly raised about $100 million in funding to build her startup, World Labs. According to the Financial Times' sources, World Labs raised the capital over two funding rounds, the most recent of which valued the company at more than $1 billion. The company’s investors are said to include Andreessen Horowitz and Radical Ventures, a Toronto-based venture fund where Li is a scientific partner. It’s likely that a sizable portion of the $100 million that World Labs has reportedly raised will go towards AI infrastructure. https://lnkd.in/e6MS7ERa #AIHWEdgeAISummit #AI #EdgeAI #AIHardware #Partnership

AI-first construction tech startup mbue raised $1.8M in pre-seed funding, with notable investors such as Techstars, Geek Ventures, and more. Led by CEO Jean Pierre Trou and CTO Dave DeCaprio, mbue leverages AI to help architects and builders instantly review architectural drawings, helping to reduce time, cost, and liability in the construction process. Read more about how this funding will expand their platform and enhance their customer support in the article by FinSMEs. https://lnkd.in/eS-SdnNR #AI #ArtificalIntelligence

Lume (YC W23), the AI-powered data mapping startup, recently raised $4.2 million in seed funding, backed by General Catalyst, Khosla Ventures, Y Combinator, and others. Founded by Stanford alumni Nicolas Machado, Nebyou Zewde, and Robert Ross, Lume aims to solve the long-standing challenges of data integration. Their platform uses advanced AI to automate data mapping, converting complex nested data formats into a standardized, seamless flow across systems. This breakthrough allows companies to integrate data faster and with fewer manual processes, saving both time and resources. With this fresh funding, Lume plans to double its team and continue its mission to make data integration smoother for clients ranging from startups to Fortune 500 companies. Read more here: https://lnkd.in/gzJKBjUj

Hebbia, a startup leveraging generative AI for document analysis and response, has raised $130 million in Series B funding, valuing the company at around $700 million. Leading the investment round is Andreessen Horowitz, alongside Index Ventures, Google Ventures, and Peter Thiel, reflecting increasing investor confidence in AI-driven ventures. Read the full story here: https://lnkd.in/dEb5kYKN #Dailytechnewsforyou #Hebbia #HebbiaAI #GenerativeAI #Artificialintelligence #TechStartups

A total of 61 Mio. This is fantastic. From my observation, the fastest funding in the market for Generative AI enterprise integration platforms (I would call it) clearly shows EMAs differentiation and potential. So proud to be a strategic partner of EMA. Ema’s agentic AI systems can: 1 Adapt to enterprise-specific data and workflows 2 Leverage multiple LLMs based on accuracy, cost, and performance requirements 3 Maintain data privacy and security by operating within company infrastructure 4 Provide explainable and verifiable outputs, crucial for business accountability 5 Continuously update and learn from real-time enterprise data 6 Execute complex, multi-step tasks autonomously https://lnkd.in/ej-v4EUA

OpenAI's rapid ascent: Surging to an $86 billion valuation in just 3 months, now ranking 3rd among unicorn startups. For more such updates InfinHub . . . #financialliteracy #ai #usstockmarket #stockmarket #Q4Results #nasdaq #AIInvesting #usstocks #artificialintelligence #chatgpt4 #investors #investmenttips #globalinvesting #stockstobuy #TechTrends #infinhub

AI startup Data Science Wizards (DSW) has raised $1.4 million in a seed funding round led by an angel investor. The startup, which previously raised $450,000, is now valued at $16.4 million. DSW will use the raised capital to further develop and enhance its deeptech AI platform, UnifyAI, and strengthen the team. Read the full story here: 👇 https://lnkd.in/dfwG_aG2 #funding #ai #innovation #angelinvestors #startup #technology #indianstartupnews