Atlas Data Storage Leads with $155M for DNA Tech, Plenful Follows with $50M in Healthcare AI - AI Funding Brief #12

May 06, 2025 - AI Funding Brief
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 business investments. This week, Plenful has secured $50 million in Series B funding to enhance its AI workflow automation platform, aiming to improve efficiency in the healthcare sector. Meanwhile, Gruve.ai is making waves in AI consulting by securing $20 million in Series A funding to minimize human consultant dependency and implement a usage-based pricing model.

In other news, Doppel has raised $35 million to combat malicious ads with its AI agents, and VSORA has secured $46 million to develop its Jotunn8 AI inference chip for high-performance applications. Additionally, Atlas Data Storage has raised $155 million and acquired DNA storage assets to advance data storage solutions using synthetic DNA technology. Stay tuned for more updates on these exciting developments in the AI industry.
Plenful Secures $50 Million for AI Healthcare Platform
Plenful has raised $50 million in Series B funding to enhance its AI workflow automation platform, aiming to improve efficiency in the healthcare sector. Read more
Doppel Secures $35 Million to Combat Malicious Ads with AI
Startup Doppel has raised $35 million to enhance its AI agents designed to detect and eliminate fake profiles and malicious ads, aiming to protect enterprises from cybercrime. Read more
VSORA Secures $46 Million for AI Chip Jotunn8
French company VSORA has secured $46 million in funding to develop its Jotunn8 AI inference chip, targeting high-performance applications in AI, robotics, and autonomous driving. Read more
Anysphere Raises $900 Million for AI Tool Cursor
Anysphere, creator of the AI coding tool Cursor, has secured $900 million in funding, elevating its valuation to $9 billion. The round was led by Thrive Capital with contributions from Andreessen Horowitz and Accel. Read more
Atlas Data Storage Secures $155M and Acquires DNA Storage Assets
Atlas Data Storage has raised $155 million in seed funding and acquired DNA data storage assets from Twist Bioscience. The company plans to develop data storage solutions using synthetic DNA technology. Read more
Thoma Bravo Invests Over $100 Million in HubSync
Private equity firm Thoma Bravo has announced a strategic growth investment exceeding $100 million in HubSync, a company focused on enhancing digital transformation solutions. Read more
Albanian Government Invests €8.8 Million in AI Startup
The Albanian Government has committed €8.8 million to Machine Thinking Lab, an AI startup founded by former OpenAI CTO Mira Murati, as part of its 2025 budget revision. Read more
Blacksmith Secures $3.5M Seed Funding for AI CI Cloud
Blacksmith, a startup by former Cockroach Labs engineers, has raised $3.5 million in seed funding led by GV and Y Combinator. The funding will support the development of a high-performance continuous integration cloud platform for AI-driven workflows. Read more
Canopy Secures $70 Million in Series C Funding
Foley & Lardner LLP has announced its role in representing Canopy during a $70 million Series C funding round led by Viking Global Investors. The investment aims to enhance Canopy's AI-driven platform for accounting firms. Read more
Altruist Raises $152 Million in Series F Funding
Fintech firm Altruist has secured $152 million in a Series F funding round, led by Singapore’s GIC, increasing its valuation to approximately $1.9 billion. Read more
HistoIndex Receives SGD9 Million Investment from OCBC
HistoIndex, a Singapore-based AI digital pathology company, has secured a SGD9 million investment led by OCBC to expand in the US and develop AI-powered tests for liver diseases. Read more
Dawn Health Raises €11.5 Million for Digital Health Expansion
Dawn Health, a company in Copenhagen, has secured €11.5 million from existing investors to advance its digital health platform for pharmaceutical companies. The funding will enhance their SaaS model and product development, already used by firms like Merck and Novartis. Read more
Rogo Secures $50 Million for AI Investment Banker
Tech startup Rogo has raised $50 million in a Series B funding round to develop AI-powered financial tools, enhancing market analysis capabilities. Read more
NetFoundry Secures $12M Investment for Networking Innovation
NetFoundry has received a $12 million investment led by SYN Ventures to advance its software-based secure networking model, aiming to enhance security and connectivity. Read more
QED Investors to Invest $300 Million in Asia-Pacific
QED Investors, a global investment firm, plans to invest $250-300 million in the Asia-Pacific region over the next five years, focusing on mid-stage funding in markets like Japan and Australia. Read more
Malar Group Invests in 15Rock for Global AI Expansion
Malar Group has made a strategic investment in 15Rock to enhance its autonomous AI reasoning systems globally. The partnership aims to expand 15Rock's AI technologies across various sectors. Read more
Vayudh Secures $10 Million in Funding
Defence drone technology firm Vayudh has raised $10 million in a funding round led by Dharana Capital, with participation from Deepinder Goyal and other investors. Read more
Templum and SoFi to Offer Anthropic Shares
Templum and SoFi are collaborating to provide access to shares of AI startup Anthropic through a new class of the Cosmos Fund, available until May 8, 2025. Read more
Sentra Raises $50 Million for AI Data Security
Sentra, a New York-based startup, has secured $50 million in Series B funding to enhance its AI-driven data protection platform, focusing on improving data classification and remediation capabilities. Read more
iwell Secures €27 Million for European Expansion
Utrecht-based energy tech company iwell has raised €27 million to advance its smart energy management and battery storage systems across Europe, focusing on markets such as Germany and the UK. Read more
Kintsugi Raises $18 Million, Valuation Hits $150 Million
Silicon Valley startup Kintsugi has secured $18 million in funding led by Vertex, doubling its valuation to $150 million. The company uses AI to assist small and medium businesses with sales tax compliance. Read more
Cast AI Secures $108M for AI and Kubernetes Optimization
Cast AI has raised $108 million in a Series C funding round to enhance resource efficiency for AI and Kubernetes workloads. The company plans to use the funds for research and development and to expand its operations in the U.S. and Europe. Read more
Supio Secures $60 Million for AI Legal Platform
Supio, an AI-driven legal analysis startup, has raised $60 million in a funding round led by Sapphire Ventures, with contributions from Mayfield and Thomson Reuters Ventures. The funds will aid in growth, hiring, and expanding its Seattle headquarters. Read more
Goodfire Secures $50 Million for AI Interpretability
AI startup Goodfire has raised $50 million in a Series A funding round to advance its interpretability platform, Ember, with backing from Anthropic and leadership from Menlo Ventures. Read more
AirJoule Raises $15M for Water Extraction Tech
AirJoule Technologies has secured $15 million in funding to advance its technology that converts waste heat from industrial settings into pure water, with backing from GE Vernova. Read more
Volution and SBI Investment Launch $100M Fund for FinTech and AI
Venture capital firm Volution has partnered with SBI Investment Co. to launch a $100 million fund aimed at supporting high-growth FinTech, AI, and SaaS businesses in the UK. Read more
IXI Raises $36.5M for Autofocus Glasses
Finnish startup IXI has secured $36.5 million in Series A funding to develop autofocus glasses, with backing from the Amazon Alexa Fund. Read more
Wan-Ifra and OpenAI Launch AI Fund for Newsrooms
The World Association of News Publishers and OpenAI have introduced a $1.5 million fund to boost AI use in newsrooms, focusing on content creation and data analysis. Read more
Google Ventures Invests in AI Startup StackOne
London-based AI startup StackOne has raised $20 million in a Series A funding round led by Google Ventures, focusing on AI agents for enterprise tool integration. Read more

Mergers & Acquisitions

Anduril Industries has acquired Klas to enhance its AI warfare systems, while CoreWeave has completed its acquisition of Weights & Biases to boost its AI Cloud Platform. Eficode has acquired Solidify to improve its GitHub services, and Epidemic Sound has acquired Song Sleuth to tackle revenue tracking. Additionally, Vuzix Corporation has acquired an R&D facility for smart glasses development.

IPO's & Market Moves

Shares of CoreWeave increased by over 15% following positive earnings reports from Microsoft and Meta Platforms. The company is preparing to release its own earnings report soon.

Other Funding News

AI Fund has raised $190 million to invest in AI startups, aiming to launch a new company each month. On April 29, 2025, My NEXT Raise launched an AI platform to assist startup founders in fundraising. Cocoon Capital announced the first close of its $50 million Fund III, focusing on enterprise and deep tech startups in Southeast Asia.

Startup Funding

Swivel has raised $5.8 million to enhance its no-code AI platform for ad operations, while YäRKEN secured funding from 1982 Ventures to expand its AI financial management services. LlamaIndex received investments from Databricks and KPMG LLP to boost AI product development. Gumshoe raised $2 million to advance AI search tools, and Pistachio secured $7 million for its AI-driven cybersecurity training platform.

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