Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
OpenAI is evaluating special voting rights for its nonprofit board to prevent hostile takeovers, including a recent bid from Elon Musk, according to Reuters.
Dream, an AI company focused on national cybersecurity, has raised $100 million in a Series B funding round led by Bain Capital Ventures, valuing the company at $1.1 billion.
Spyne, an AI-powered visual merchandising platform for the automotive industry, has raised $16 million in a Series A funding round led by Vertex Ventures. The funding will support Spyne's expansion in the U.S. and development of next-gen AI solutions.
Luminance has raised $75 million in a Series C funding round led by Point72 Private Investments, bringing its total funding to $165 million. The investment will support the expansion of its AI-driven contract management solutions.
Ilya Sutskever, co-founder of OpenAI, is raising over $1 billion for his startup Safe Superintelligence, which is now valued at more than $30 billion.
Abridge has raised $250 million in Series D funding and introduced a new Contextual Reasoning Engine to enhance clinical workflows, announced in a press release.
Saudi Aramco's venture capital arm, Wa'ed Ventures, has invested in UK-based AI cloud startup Ori to establish a regional subsidiary in Riyadh.
Freedom International Group (FIG) has announced a strategic investment in Elitepharm Laboratoires, aiming to enhance dietary supplement production with AI technology.
Robotics startup Figure AI is in discussions to raise $1.5 billion, valuing the company at $39.5 billion, according to Bloomberg.
Tofu, an AI platform for B2B marketing, raises $12M in Series A funding to consolidate martech tools for enterprise GTM teams.
fal, a leader in AI-driven media creation, has raised $49 million in Series B funding to expand its infrastructure for generative AI video applications.
Eudia, an AI-powered Augmented Intelligence platform, has raised $105 million in Series A funding led by General Catalyst to transform legal operations for Fortune 500 companies.
Harvey has raised $300 million in a Series D funding round led by Sequoia, reaching a $3 billion valuation.
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.
