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AI Funding Data, News, and Tools. Edition #01

$180M+ was raised last week across 23 funding rounds.

Author

Daniel Derzic
December 27, 2022

"Machine intelligence is the last invention that humanity will ever need to make."

- Nick Bostrom, a philosopher at Oxford University.

Welcome to the first issue of the AI Track – your destination for the latest news, tools, and funding data in AI and ML.

Did you know that AI can spot cancer more accurately than human doctors? Or that it helps scientists make groundbreaking neurological discoveries? We will explore how AI impacts businesses, the tools and platforms available to developers, and the fascinating AI startups and initiatives that received funding last week.

So grab some 🍿 and let's go!

📰 STORYS OF THE WEEK

🛠️ TOOLS & TIPS

📺 MEDIA OF THE WEEK

Stability AI Community Livestream on Twitch.

Making a game with ChatGPT: YT Tutorial.

Turn Videos Into Stylized Animation: YT Tutorial.

🧑‍💻 WHAT ARE YOU WORKING ON?

I'd love to hear about how you utilize AI in your business or projects! Please respond to this email or reach out through DM. It might be featured in this newsletter.

💰 FUNDING $180M+ was raised last week across 23 funding rounds.

👉 Peech - Seed ($8.3M) | generative AI platform that automatically turns in-house content into professional branded videos. Ibex Investors led the round with participation from Cardumen Capital, Fresh Fund, as well as angel investors Nas Daily, Ariel Maislos, and others.

👉 Deep Voodoo - Seed ($20M) | created synthetic media tools for face-swapping and other deepfake effects for videos since early 2020. Connect Ventures led the round, an investment partnership between CAA and venture-capital firm New Enterprise Associates.

👉 Libristrip - Seed ($4M) | Travel-tech startup that leverages AI to generate and book personalized itineraries for environmentally conscious travelers. 

👉 DarwinAI - Series A ($5.94M) | transforming quality inspection through cutting-edge AI. Deep Tech Venture Fund led the round with participation from Honeywell Ventures, Obvious Ventures, and Inovia Capital.

👉 PVmed - Series A ($14M) | China-based AI cancer treatment company. The round was led by Cherami Investment Group, Philips, JHF Investment, COCOCAPITAL Corporation, and Strategy Capital.

👉 Sonio - Seed ($10M) | AI-based support platform for fetal ultrasound, helping practitioners analyze and diagnose congenital malformations. The money was raised through the European Innovation Council Accelerator.

👉 Revel.XYZ - Seed ($7.8M) | the first social platform to launch generative AI authoring for consumers with Stability AI. Dragonfly led the financing with participation from USV, Sfermion, 6th Man Ventures, Gaingels, Wagmi Ventures, Alumni Ventures, Global Impact Ventures, Hansa Labs, Polygon, and others.

👉 Aiosyn - Seed ($2M) | AI algorithms in pathology (Medical Software). The round was led by Health Innovations together with Oost NL and LUMO Labs

👉 German Bionic - Debt Financing (15M€) | develops smart exoskeleton technology that people can wear to augment their physical abilities.

👉 Spike - Pre-Seed ($0.7M) | allows companies to easily integrate biomarker data from 200+ wearable sensors and IoT devices into their applications. The funding round was led by Geek Ventures of New York City, with participation from CEAS Investments and APX.

👉 Quris - Seed ($9M) | AI startup that ensures the safety and efficacy of new drugs. The round was led by SoftBank Vision Fund 2, GlenRock Capital, iAngels, Welltech Ventures, and Richter Group.

👉 RM Group - Series A ($10M) | RM Group is a creator of derivatives and technologies related to digital humans. BAI Capital led the round.

👉 Imagen - Series A ($30M) | provides AI editing solutions for professional photographers. Summit Partners led the round with participation from existing investor NFX.

👉 Minitable - Debt Financing ($1.75M) | social commerce platform building end-to-end dining experience.

👉 Tap. - Pre-Seed ($1.8M) | business marketplace app for entertainment executives and creatives in the entertainment industry.

👉 Perfect - Seed ($13M) | AI-powered recruitment platform. Target Global led the round with participation from Joule Venture, RTP Global, and some individual investors.

👉 Katonic.ai - Pre-Series A ($1.6M) | pioneering AI and ML operations to power new applications and breakthrough innovations. The funding round was led by Asia-Pacific venture capital firm, Artesian, with support from Boab AI.

👉 Altris AI - Venture Round ($1M) | AI-powered ophthalmic image management system that helps to detect 54 pathologies and 49 pathological signs on OCT scans. Runa Capital led the round with participation from Joint Journey, Pharmaceutical Company Farmak, Artesian, Brinc Limited, University of Chicago Booth School of Business, and Chicago Booth Angels.

👉 FABU.ai - Series B ($14M) | AI company devoted to the proprietary technology of ADAS and Autonomous Driving. Investors include Anhui Railway Development Fund and Zhejiang University Education Foundation.

👉 Qixuan Technology - Series A ($10M) | AI & Robotics Company, based in Shenzhen, China. GRC Fuhua Capital led the round.

👉 QuantCube Technology - Series B | specializing in real-time Big Data analytics for Finance and Economy. The round was led by Strategic Development Fund (SDF), with participation from Moody’s and Five Capital.

👉 Skyfora - Pre-Seed | combines scientific understanding of tropical storms with computer vision, machine learning, and IoT technologies. The money was raised from EIC Fund.

👉 Qiaoyi Zhizao - Series A | AI industrial defect detection platform. Wanwu Capital led the financing round.

Thank you for reading the first issue of the AI Track. Please reply to this email or contact us on social media if you have any thoughts or suggestions for future editions. Don't forget to share and subscribe.

See you next week, and let's keep researching!