Series Entertainment has closed a $28 million funding round, according to an SEC document and confirmation from the company, as reported by Julie Bort for TechCrunch. Investors include Netflix, Dell Technologies Capital, and existing backers Andreessen Horowitz, BITKRAFT, and F4 Fund. Series is developing an AI-powered platform for game developers called the Rho Engine. The …
Startup Artisan has raised $11.5 million in seed funding to develop AI-powered “employees” for sales teams. The company offers an AI assistant named Ava that automates tasks such as lead research and personalized email creation. CEO Jaspar Carmichael-Jack told VentureBeat that Artisan has already secured over 120 customers and reached $1 million in annual revenue. …
AI chipmaker Cerebras Systems has filed for an initial public offering on the Nasdaq. The company plans to trade under the ticker symbol “CBRS,” according to the prospectus. Cerebras competes with Nvidia in the AI chip market, claiming its WSE-3 chip has more cores and memory than Nvidia’s popular H100. In the first six months …
Top AI companies are reaching millions in revenue within a year – significantly earlier in the lifecycle than comparable technology companies outside of the AI sector, according to an analysis by payment provider Stripe. Specifically, the top 100 revenue-generating AI companies on Stripe’s platform took a median of 11 months to reach $1 million in …
Anthropic, the company behind the AI Claude, is apparently preparing a new round of funding. This is according to a report from The Information. According to the report, the startup could be valued between $30 billion to $40 billion. This would be roughly double the value of a previous round of funding earlier this year. …
Alexandr Wang, the 27-year-old founder of Scale AI, has built a billion-dollar company that is laying the groundwork for modern AI development. As Berber Jin reports in an article for the Wall Street Journal, Scale AI employs more than 100,000 contractors worldwide who write text and label images to train chatbots and other AI systems. …
Black Forest Labs, a German startup for generative AI image models, is close to a new funding round of 100 million US dollars at a valuation of 1 billion dollars, according to sources. This is reported by Ingrid Lunden for TechCrunch. The company was founded by the engineers who developed the technology behind Stability AI. …
Fal.ai, a platform for AI-generated multimedia content, has raised $23 million from investors. The company provides computing power and APIs for AI models to create images, audio and video. As Kyle Wiggers reports for TechCrunch, $14 million came from a Series A financing led by Kindred Ventures. Another $9 million came from a previously undisclosed …
AI is enabling new careers for deceased celebrities and millions in revenue for today’s rights holders. According to a report by Mia Dawkins for Bloomberg, the estates of stars such as James Dean, Judy Garland and others can continue to make money thanks to AI technology. For example, these celebrities are lending their voices to …
AI startup 11x.ai has raised $24 million in a Series A funding round. The round was led by venture capital firm Benchmark. Founded in 2022, the company develops AI agents for process automation, which it describes as “automated digital employees”. 11x.ai focuses on sales, marketing, and revenue operations. The company is approaching $10 million in …