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, we're highlighting significant funding rounds and strategic partnerships that are shaping the future of AI technology. PHASE Scientific has successfully raised $34 million to advance its diagnostic technology, while Factorial Funds has launched a substantial $200 million fund targeting AI and related sectors. Meanwhile, Retro Biosciences is partnering with the Murdoch Children’s Research Institute to develop therapies for blood disorders, seeking a massive $1 billion in funding.
In other news, Whale has secured $60 million to expand its AI solutions globally, and Beyond Imagination is in talks for a $100 million investment to enhance its humanoid robotics operations. Additionally, Affiniti has raised $17 million to boost its expense-management software, and Quantum Light has closed a $250 million fund to invest in emerging tech sectors. These stories and more highlight the dynamic landscape of AI funding and the continuous drive towards innovation and expansion.
PHASE Scientific Secures $34 Million for Diagnostic Tech
PHASE Scientific has raised US$34 million in a Series A funding round to advance its urine-based diagnostic technology,
PHASIFY™, for early disease detection. The funding, led by
Value Partners Group, marks the largest investment in Asia's diagnostic sector since 2019.
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Factorial Funds Launches Second $200 Million Fund
Factorial Funds has launched its second institutional fund with $200 million in committed capital, featuring anchor investments from
Hyundai Motor Company and
Kia Corporation. The fund will target AI, cloud infrastructure, robotics, and software sectors.
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Coworker.ai Launches AI Agent with $13M Funding
Coworker.ai has introduced an AI agent capable of handling complex tasks by leveraging a deep understanding of a company's internal data, supported by a $13 million seed funding round.
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Retro Biosciences Partners with Murdoch Institute for Blood Disorder Therapies
Retro Biosciences has teamed up with the
Murdoch Children’s Research Institute to develop personalized therapies for blood disorders, while also seeking $1 billion in funding.
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Whale Raises $60 Million to Expand AI Solutions
Singapore-based AI company
Whale has secured over US$60 million in funding to enhance its enterprise AI offerings and expand its presence in Southeast Asia, North America, and Europe.
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Beyond Imagination Seeks $100 Million Investment
Beyond Imagination, co-founded by Ray Kurzweil, is negotiating a $100 million Series B funding round with
Gauntlet Ventures to advance its humanoid robotics technology.
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Quantum Light Closes $250 Million Fund Led by Revolut Founder
Quantum Light, a venture capital firm founded by
Nik Storonsky, has closed a $250 million fund focusing on AI, Web3, Fintech, SaaS, and Healthtech sectors.
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OpenAI Texas Data Center Receives $11.6 Billion Funding
A Texas data center project for
OpenAI, developed by
Crusoe, has secured $11.6 billion in funding to expand its infrastructure, increasing the total investment to $15 billion.
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Legora Secures $80 Million in Series B Funding
Legora, a collaborative AI platform for lawyers, has raised $80 million in Series B funding, increasing its valuation to $675 million. The funding round was led by
ICONIQ and
General Catalyst, with participation from existing investors.
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LMArena Raises $100M for AI Evaluation Platform
LMArena has secured $100 million in seed funding to enhance its AI model evaluation platform, with backing from a16z and UC Investments. The funding will aid in relaunching a more rigorous and transparent evaluation system.
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CoreWeave Upsizes Senior Notes Offering to $2 Billion
CoreWeave has increased its private offering of senior notes to $2,000 million, with a 9.250% interest rate, due in 2030. The proceeds will be used for general corporate purposes, including debt repayment.
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Newmark Group Secures $7.1 Billion Loan for AI Data Center
Newmark Group, Inc. has arranged a $7.1 billion construction loan for a joint venture to develop a 1.2-gigawatt AI data center in Abilene, Texas. The project is part of a $15 billion initiative and involves
Blue Owl Capital, Inc.,
Crusoe, and
Primary Digital Infrastructure.
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Sweep Secures $22.5M to Enhance AI in Business Systems
Sweep, an Israeli startup, has raised $22.5 million in Series B funding to integrate AI into enterprise systems, with backing from
Insight Partners and
Bessemer Venture Partners.
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Cornerstone Robotics Secures $70M for Global Expansion
Chinese startup
Cornerstone Robotics has raised over $70 million in Series C funding to enhance accessibility in robotic surgery. The investment will support R&D, international expansion, and regulatory processes.
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CureBay Secures $21M for AI in Rural Clinics
CureBay, an Indian e-clinic startup, has raised $21 million in Series B funding to enhance AI capabilities in its rural clinics, aiming to improve healthcare access in underserved areas.
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David AI Raises $25 Million in Series A Funding
David AI has announced securing $25 million in Series A financing, led by
Alt Capital and
Amplify Partners. The funds will be used to expand their team and further develop AI applications in voice technology.
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Abridge Seeks Funding at $5 Billion Valuation
The AI health startup
Abridge is in talks to raise funds, aiming for a valuation of $5 billion, highlighting increased investor interest in AI health technologies.
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Affiniti Raises $17M Series A Led by SignalFire
Affiniti, a startup offering expense-management software and credit cards for small businesses, has raised $17 million in a Series A funding round led by
SignalFire. This follows their $11 million seed round six months ago.
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Siro Raises $50M to Boost AI Sales Coaching
Siro has raised $50 million in a Series B funding round to enhance its AI-driven coaching tools for sales teams, focusing on in-person sales representatives.
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