Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
Railtown AI Technologies has signed a Memorandum of Understanding to acquire AI Partnerships Corp., aiming to enhance its AI solutions and expand its global reach.
Finmo has raised $18.5 million in a Series A funding round co-led by Quona Capital and PayPal Ventures, as announced in a press release. The funds will be used to accelerate product development and expand global reach.
Datalign Advisory has secured $9 million in seed funding, with $5 million from Link Ventures, to enhance its AI-powered financial advisory platform.
ConverzAI has raised $16 million in a Series A funding round led by Menlo Ventures to advance its AI-powered recruitment platform.
OpenGov has acquired Ignatius to expand its AI capabilities, focusing on no-code workflows and custom applications for local and state governments.
Keragon, an AI-driven healthcare automation platform, has raised $7.5 million in a seed funding round, boosting its total funding to $10.5 million.
Phenom Enterprise Cloud has acquired Pixentia to expand its digital transformation capabilities, focusing on AI-driven automation and enterprise solutions.
TransPerfect has acquired Apostroph Group, a leading language service provider in the DACH region, to enhance its market presence in Germany, Austria, and Switzerland.
SpotDraft secures $54 million in Series B funding led by Vertex Ventures and Trident Partners to expand globally and enhance its AI-driven contract lifecycle management platform.
Lingopal.ai has raised $14 million in Series A funding led by DCM Ventures to enhance its real-time speech-to-speech translation platform, enabling instant translation of live streams into over 120 languages.
Human.org, a startup focused on AI safety, has raised $7.3 million in pre-seed funding to build a blockchain-based platform for verifying human and AI identities.
Appier has acquired AdCreative.ai for $38.7 million, aiming to boost its Generative AI capabilities in advertising and marketing.
Positron has raised $23.5 million to scale production of its energy-efficient AI chips, offering a cost-effective alternative to Nvidia's hardware.
Pinkfish AI launches a new Generative Automation platform, enabling enterprises to create automations using natural language, backed by $7.6 million in funding.
Sardine AI raises $70 million in Series C funding to expand its AI risk platform, aiming to improve fraud prevention and compliance efficiency for financial institutions.
Tines, an AI-powered workflow company, has raised $125 million in Series C funding, increasing its valuation to $1.125 billion. The funding round was led by Goldman Sachs Alternatives, with new investors SoftBank Vision Fund 2 and Activant.
Elon Musk's consortium has made a $97.4 billion offer to acquire control of OpenAI, aiming to revert its focus to open-source AI development.
SoftBank is reportedly finalizing a $40 billion investment in OpenAI, valuing the AI company at $300 billion post-money.
Defense-tech startup Anduril Industries is in discussions to raise $2.5 billion, potentially doubling its valuation to $28 billion.
Brazilian startup Neofin has raised $7 million in a seed round led by Quona and Upload Ventures to advance its AI-driven accounts receivable platform. The funds will be used to develop new features and expand AI capabilities.
