Jay Emery’s Post

🚀 Navigating the 2024 Startup Landscape: Challenges and Opportunities 🚀 As we navigate through 2024, the startup landscape is being shaped by two transformative trends: a scarcity of funding and the unstoppable rise of #AI. While groundbreaking software engineering and advanced machine learning models continue to dazzle, it's crucial to remember that every strong business starts with a strong team. At ETA Technologies, we are ready to embrace the next generation of #startups. Our mission remains clear and unwavering: to help investors identify the highest-potential founding teams to invest in, regardless of whether they are focused on #AI. We believe in the power of visionary teams to drive #innovation and create transformative businesses. Whether they're leveraging #AI or forging a different path, our focus is on recognizing the potential in diverse talent and groundbreaking ideas. Join us as we continue to support investors in discovering and nurturing the future leaders of industry. Let's pave the way for the next billion-dollar #startups, together. https://lnkd.in/eBgbpaum

AI is paving the way for the next billion-dollar startups in 2024. The transformative power of AI in traditional industries is undeniable. Check out the full list here: [Link to the article] #AI #Startups #Innovation Check this out: https://lnkd.in/eFArDDWj

𝐏𝐚𝐫𝐢𝐬 𝐛𝐚𝐬𝐞𝐝 𝐀𝐈 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐌𝐢𝐬𝐭𝐫𝐚𝐥 𝐀𝐈 𝐑𝐚𝐢𝐬𝐞𝐬 $640𝐌 Mistral AI, the Paris-based startup started by former Meta and Google DeepMind employees, has raised $640 million in its Series B funding round. This round was led by General Catalyst and includes $503 million in equity and $142 million in debt, raising the company's valuation to $6 billion just one year after it was founded. Mistral AI previously raised $113 million in a large seed round and is now ready to compete with major players like OpenAI and Anthropic. The company has already released several open-source AI models, such as Mistral 7B, Mistral 8x7B, and Mistral 8x22B, which are available for free use with proper credit. With this new funding, Mistral AI plans to increase its computing power and team size, speeding up its efforts to bring its products to market globally. The company’s proprietary models, like Mistral Large, are offered through paid APIs, while its generative AI model for code, Codestral, is restricted to non-commercial use only. Investors in the Series B round include Lightspeed Venture Partners, Andreessen Horowitz, Nvidia, Samsung Venture Investment Corporation, and Salesforce Ventures, among others. This new investment brings Mistral AI’s total funding to over $1 billion. Arthur Mensch, CEO and co-founder of Mistral AI, shared his excitement about the new funding, noting that it will help keep the company independent and push forward with developing advanced AI technology. With the AI market expected to grow to $1.3 trillion in the next decade, Mistral AI's recent funding shows the increasing interest and confidence in this field. It will be interesting to see how Mistral uses this investment to further develop its AI technology and expand its reach. #MistralAI #ArtificialIntelligence #FundingNews #TechStartups #Innovation #AI #VentureCapital #Technology #AIModels #StartupFunding

🚀 Big news in the tech world! Cohere has launched a groundbreaking program designed to help early-stage startups adopt AI. They've also secured a whopping $450 million USD to back this initiative. If you're an emerging startup looking to harness the power of AI, this is your golden opportunity! "Cohere has also launched a new Startup Program targeted toward companies at the Series B stage or before. Cohere noted in a blog post that through this initiative, it aims to help other businesses leverage AI at an affordable price point." 🔗 Read more: https://lnkd.in/e8msUXYf #Startup #AI #TechNews #Cohere #Innovation #FundingAlert

Late Summer Surge in AI Funding: The Revolutionary Startups Leading the Charge Industry momentum and investment into AI solutions continue to accelerate, with hundreds of millions in funding being directed towards innovative startups throughout July and August. According to TechCrunch, in just the last two months the AI startups below raised the following: ✅AI coding startup Magic secured a massive $320 million in Series C funding on August 29, led by CapitalG, Sequoia, and Jane Street Capital, LLC. ✅AI coding platform Codeium raised $150 million in a round led by General Catalyst on August 29, after previous rounds from Kleiner Perkins and Greenoaks. ✅DevRev, specializing in AI support agents, reached a $1.1 billion valuation after closing $100 million from Khosla Ventures, Mayfield Fund, and Param Hansa Values LLC. ✅Abnormal Security, a San Francisco-based email security firm, raised $250 million, led by Wellington Management, Menlo Ventures, Greylock, and Insight Partners. ✅Groq, an AI chip startup in Silicon Valley, closed $640 million in Series D funding in a round led by BlackRock on August 5. In July, other notable funding rounds included WorldLabs' $100 million raise, Harvey secured $100 million in Series C funding, Hebbia closed $130 million, and Skild AI collected $300 million in Series A funding. These investments underscore the substantial volume of capital flowing into AI, with high valuations for innovative AI startups across various industries. At GlenFlow, we're thrilled to see continued significant investment into AI. The funding wave highlights the growing importance of AI across sectors and the venture capital industry's ongoing commitment to technological innovators. Read more: https://lnkd.in/g4DpCcZq #AIFunding #TechInnovation #InnovativeStartups #FutureTech #VentureCapital #GenerativeAI #AIAdvancements

What's on the horizon for #AI startups? 👀 Mike Smeed, Managing Director of InMotion Ventures, thinks it's likely that there'll be consolidation among the big "incumbents" due to the amount of compute power required to run and develop #FoundationalModels. Find out what else Mike and other #investors had to say via Rebecca Torrence and Riddhi Kanetkar at Business Insider 👇 https://bit.ly/3yJCoKg #Acquisition #ArtificialIntelligence #Insight #LLM #MandA #Startups #VentureCapital #VC

🚀 Big news in the tech world! Cohere has launched a groundbreaking program designed to help early-stage startups adopt AI. They've also secured a whopping $450 million USD to back this initiative. If you're an emerging startup looking to harness the power of AI, this is your golden opportunity! "Cohere has also launched a new Startup Program targeted toward companies at the Series B stage or before. Cohere noted in a blog post that through this initiative, it aims to help other businesses leverage AI at an affordable price point." 🔗 Read more: https://lnkd.in/eBBXt34J #Startup #AI #TechNews #Cohere #Innovation #FundingAlert

The numbers bear out the rising M&A interest and chatter. Deal activity involving AI startups kicked up pretty significantly in Q2. The quarter saw 65 AI-related startups bought—a jump of 55% from Q2 last year and a 15% increase from Q1 which saw 55 deals.

The numbers bear out the rising M&A interest and chatter. Deal activity involving AI startups kicked up pretty significantly in Q2. The quarter saw 65 AI-related startups bought—a jump of 55% from Q2 last year and a 15% increase from Q1 which saw 55 deals.

The numbers bear out the rising M&A interest and chatter. Deal activity involving AI startups kicked up pretty significantly in Q2. The quarter saw 65 AI-related startups bought—a jump of 55% from Q2 last year and a 15% increase from Q1 which saw 55 deals.