
Andreessen Horowitz Plans $20B AI Fund, Brinc & Motorola Enhance Drones, Hawk Secures $56M - AI Funding Brief #9
Hi there,
Welcome to the latest edition of the AI Funding Brief, where we bring you the most recent developments in the world of AI investments and funding. This week, we highlight significant funding rounds and strategic partnerships that are shaping the future of AI technology. Hawk, a German regtech firm, has secured $56 million to expand its AI-driven fraud prevention solutions into the US market. Meanwhile, Seattle-based Brinc has raised $75 million and teamed up with Motorola Solutions to enhance emergency response drones for public safety agencies.
In Europe, NexGen Cloud has raised $45 million to bolster its AI infrastructure, while IFS has reached a valuation of EUR 15 billion, driven by the demand for industrial AI solutions. Additionally, Andreessen Horowitz is planning a massive $20 billion fund to invest in AI companies, reflecting the growing global interest in AI technology. Stay tuned as we delve into these stories and more, providing insights into the dynamic landscape of AI funding.
Mergers & Acquisitions
CUJO AI has acquired Domos to enhance ISP services by integrating application and device intelligence. Urbint acquired StormImpact to bolster utility resilience against extreme weather. SBI Growth Advisory acquired Daydream's AI platform to improve data insights. OpenAI is in talks to acquire io Products, an AI hardware startup. Honeycomb acquired Grit and expanded its leadership team. Hypertec Cloud formed 5C Group after acquiring 5C Data Centers. Allurity acquired Onevinn to enhance European cybersecurity services. MissionOne Media acquired Growth Skills to boost AI-driven SEO capabilities. Intapp plans to acquire TermSheet for an advanced AI operating system. Vobile completed the acquisition of Pex to enhance music copyright services. Inveniam acquired Hedgehog Invest to improve data infrastructure. TransPerfect acquired MPC and The Mill from Technicolor. Hugging Face acquired Pollen Robotics to advance open-source AI robotics. The UK's Competition and Markets Authority is investigating the SES and Intelsat merger. CleverTap acquired rehook.ai for AI-driven promotions.
- CUJO AI Acquires Domos to Boost ISP Services
- Urbint Acquires StormImpact to Boost Utility Resilience
- SBI Growth Advisory Acquires Daydream's AI Platform
- OpenAI in Talks to Acquire io Products
- Honeycomb Acquires Grit and Expands Leadership Team
- Hypertec Cloud Acquires 5C Data Centers to Form 5C Group
- Allurity Acquires Onevinn to Boost European Growth
- MissionOne Media Acquires Growth Skills
- Intapp to Acquire TermSheet
- Vobile Acquires Pex to Boost Music Copyright Services
- Inveniam Capital Partners Acquires Hedgehog Invest Limited
- TransPerfect Acquires MPC and The Mill from Technicolor
- Hugging Face Acquires Pollen Robotics
- UK Investigates SES and Intelsat Merger
- CleverTap Acquires rehook.ai for AI-Driven Promotions
- Palo Alto Networks Plans $700 Million Acquisition of Protect AI
IPO's & Market Moves
Trilegal is advising on the ₹6,000 million IPO of ESDS Software Solution. Aether Holdings, Inc. raised $7.74 million in its IPO for product development. Kodiak Robotics, Inc. will go public through a merger with Ares Acquisition Corporation II, valuing it at $2.5 billion.
- Trilegal Advises on ESDS Software Solution's ₹6,000 Million IPO
- Aether Holdings Raises $7.74 Million in IPO
- Kodiak Robotics to Go Public via Ares Acquisition Merger
Other Funding News
Sage Future has used AI models to raise $257 for Helen Keller International, exploring AI's role in philanthropy. Mercy received funding to expand its AI platform for cancer patient monitoring during chemotherapy. Scale AI introduced a $30 million fund to support AI adoption in Canadian companies, covering up to 40% of project costs.
- Sage Future Uses AI to Raise Funds for Charity
- Mercy Receives Funding to Expand AI Program for Cancer Patients
- Scale AI Launches $30 Million Fund for Canadian AI Projects
- Bitfarms Secures $300 Million for Panther Creek Project
Startup Funding
CalypsoAI has raised $5 million and reached the RSAC Innovation Sandbox finals, while Gallatin AI secured $15 million to enhance military logistics. University of Southampton students raised £250,000 for their AI startup, and Octane secured $6.75 million for blockchain security. Nunu.ai raised $6 million for AI game testing, and Scoutflo secured Rs 1.4 crore for its DevOps platform. Nettle raised £1.45M to address the risk engineer shortage, and DaveAI secured funding for global expansion.
- Gallatin AI Secures $15 Million Seed Investment
- University of Southampton Students Raise £250,000 for AI Startup
- Octane Raises $6.75M for AI Cybersecurity in Cryptocurrency
- Nunu.ai Secures $6 Million for AI Game Testing and Robotics
- Scoutflo Secures Rs 1.4 Crore in Pre-Seed Funding
- Nettle Secures £1.45M to Tackle Insurance Risk Engineer Shortage
- DaveAI Secures Funding for Global Expansion
- DIAMO Raises $4 Million for AI Revenue Platform
- Starhive Raises $5M for AI IT Management Platform
- Artisan Secures $25M Series A Funding Amid Hiring Controversy
- Qevlar AI Secures €9.1 Million for AI-Driven Security Enhancements
- Optise Raises $2.2M for AI Website Insights Platform
- Axyon AI Raises €4.3M for AI Financial Forecasting
- Sekoia.io Raises €26 Million for AI Cybersecurity
- Rondah AI Raises $1.8 Million in Pre-Seed Funding
- Ingenix.ai Raises €9M for AI Clinical Trial Simulations
- BLNG Raises $3M for AI Jewelry Design Tools
- Raxio Group Secures $100 Million from IFC for African Expansion
- Rulemapping Group Secures €12M for AI Bureaucracy Tools
- Linguana Secures $8.5M for Multilingual YouTube Expansion
- Bliss Aesthetics Raises $17.5M for AI in Cosmetic Surgery
- Conductor AI Secures $15 Million in Series A Funding
- Ottometric Raises $10 Million for AI ADAS Validation
- Accenture Invests in GoUpscale for Wealth Management
- Clinomic Raises €23M for AI ICU Assistant Mona
- Fotenix Secures £2.1m for AI Crop Diagnostics
- TheStage AI Raises $4.5 Million for AI Optimisation
- Elm AI Raises $2 Million for Supply Chain AI Platform
- Wonder Raises $3M for AI Film Production
- Xaba Secures $6M from Hitachi Ventures for AI Robotics
- RLWRLD Secures $14.8M for AI Robotics Model
- CalypsoAI Raises $5 Million and Becomes RSAC Finalist
- LiveKit Raises $45 Million to Expand Real-Time Communication Services
- Optimized Electrotech Secures $6 Million for AI and Space Tech
- REMATIQ Secures €5.4 Million for MedTech Compliance AI
- Hawk Secures $56M for AI Fraud Prevention
- Solve Intelligence Secures $12M for AI in Patent Workflows
- Gridsight Secures $7.5 Million in Series A Funding
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