Together AI's $305M Cloud Expansion, Genspark Challenges Google - AI Funding Brief #2

Hi there, Welcome to this edition of the AI Funding Brief, where we bring you the latest updates on funding and investment news in the world of AI businesses. This week, we have a diverse range of stories highlighting significant financial movements in the AI sector. QuadReal and T5 Data Centers are expanding their platform, while OpenAI is projecting a remarkable $11 billion in revenue by 2025. In other news, Augury has secured $75 million in Series F funding, and Lambda has raised $480 million to expand its AI cloud capabilities. Additionally, Field AI is seeking a $2 billion valuation with support from Nvidia. On the mergers and acquisitions front, Pinewood Technologies has acquired Seez for £33.3 million, and Alpha3D has acquired MoonlanderAI to enhance its 3D content offerings. Stay tuned as we delve into these stories and more, providing you with a comprehensive overview of the latest developments in AI funding and investments.

Pinewood Technologies has acquired 91% of the Emirati AI platform Seez for £33.3 million to boost its AI capabilities in the automotive sector. Alpha3D has acquired MoonlanderAI to enhance its AI-driven 3D asset creation capabilities. MSys Technologies has acquired Gophers Lab to enhance its AI-driven fintech and API innovations. LexisNexis Risk Solutions has acquired IDVerse to enhance its risk management and identity verification capabilities. BrightTower advised PureRed in its acquisition by Inspired Thinking Group (ITG).

QuadReal and T5 Data Centers expand their platform, while OpenAI CFO predicts $11 billion revenue in 2025. Augury secures $75 million in Series F funding, and Lambda secures $480 million for AI cloud expansion.

QuadReal Property Group and T5 Data Centers are expanding their data center platform to $8 billion, targeting 5 GW capacity in the U.S. OpenAI CFO Sarah Friar forecasts $11 billion revenue by 2025. Augury raises $75 million in Series F funding to enhance AI solutions for manufacturing. Lambda secures $480 million for AI cloud expansion, with backing from Nvidia and ARK Invest. Field AI seeks a $2 billion valuation with Nvidia's support.

LemFi leads a $289 million funding wave for African startups, while NAVER D2SF invests in autonomous driving with whereable.ai. Musubi raises $5 million for AI content moderation, and Genial secures €1.8 million for AI in tourism SMEs. Spore.Bio garners $23 million for AI bacteria detection, and Momenta invests in NODE Robotics for autonomous operations. Genspark raises $100 million to challenge Google, and CredCore secures $16 million for enterprise credit AI. Artimus Robotics receives £1.5M from UK ARIA, while Sawmills raises $10M for AI observability. Iktos secures a €2.5 million EIC grant for AI drug discovery, and LG Electronics invests in Apex.AI. Together AI raises $305 million for AI cloud expansion, and Guidde secures $15 million for AI training videos. Former Uber employee raises $10M for AI accounting startup, and OpenEvidence hits a $1 billion valuation with $75 million from Sequoia. Codeium seeks funding at a $2.85 billion valuation, Transition VC invests $1.7 million in Dynolt, and Augmetec secures £2M for AI corporate investigations.