Scribe Raises $75 Million Series C, Valued at $1.3 Billion
Scribe has raised $75 million in a Series C funding round at a $1.3 billion valuation to expand its new product, Scribe Optimize, reports TechCrunch. The all-equity round was led by StepStone Group, with participation from Amplify Partners, Redpoint Ventures, Tiger Global, Morado Ventures, and New York Life Ventures.
Scribe Optimize analyzes enterprise workflows to identify where automation and AI will produce the strongest returns. The platform builds on the company’s existing tool, Scribe Capture, which automatically documents processes to generate step-by-step guides. Scribe said it has documented over 10 million workflows across 40,000 software applications.
The San Francisco-based startup reports having more than 5 million users and 78,000 paying organizations, including teams at New York Life, T-Mobile, LinkedIn, HubSpot, and Northern Trust. Scribe claims its customers save 35 to 42 hours per person per month and onboard new hires 40% faster using its tools.
Founded in 2019, Scribe plans to double its 120-person workforce within a year as it accelerates the rollout of Optimize and expands into markets including the U.K., Canada, Australia, and Europe.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 2 Broadcom Agrees to Lend Anthropic Up to $42 Billion Oct 2 PaleBlueDot AI Raises $200 Million at $3.2 Billion Valuation Oct 2 Photon Raises $4.5 Million for Messaging Based AI Agents Oct 1 Satlyt Raises $8 Million for Satellite AI Software Oct 1 Clio Acquires Judicial AI Provider Learned HandAI Funding Brief
Whitepaper
Tensordyne Napier: What If One Rack Could Do the Work of Nine?
Tensordyne
This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.
Read moreYou may also like
Ema Raises $77 Million for Enterprise AI Employees
Cognition Raises More Than $2 Billion at $48 Billion Valuation
Sela AI Raises $21 Million for Mortgage Voice Agents
Creatio Plans $300 Million Investment in Bank.AI
EliseAI raises $350 million at $4 billion valuation
Daily AI Brief: the AI news that matters, in your inbox.