Biostate AI Secures $12M, Samsung's $100M AI Investment, and Grammarly's $1B Funding - AI Funding Brief #16

June 03, 2025 - AI Funding Brief
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In this edition of the AI Funding Brief, we're diving into the latest developments in AI business investments. One of the standout stories is from deeptech startup Biostate AI, which has successfully secured $12 million in a Series A funding round. This investment, led by Accel, is set to bolster their efforts in advancing RNA sequencing technologies for precision medicine through the power of artificial intelligence. This funding marks a significant step forward in the integration of AI with healthcare solutions, promising to enhance the accuracy and efficiency of medical diagnostics.

Buildots Raises $45 Million for AI Construction Tracking
Buildots, a Chicago-based startup, has secured $45 million in Series D funding led by Qumra Capital to enhance its AI-driven construction tracking technology. Read more
Horizon3.ai Seeks $100 Million in New Funding Round
Horizon3.ai, a cybersecurity startup, is aiming to raise $100 million in a new funding round led by NEA, having already secured at least $73 million. The company is valued at over $750 million and plans to use the funds to boost its research and development efforts. Read more
Vivodyne Secures $40 Million for AI-Driven Tissue Growth
Vivodyne has raised $40 million in Series A funding to advance its AI and robotics technology for growing human tissues, aiming to improve drug discovery and reduce animal testing. Read more
Voxel Secures $44 Million for AI Safety Platform
Voxel has raised $44 million in Series B funding to enhance its AI-powered safety platform, aiming to reduce workplace accidents by identifying hazards in real-time. Read more
xAI Seeks $10 Billion Funding, Valuation Could Hit $75 Billion
xAI, Elon Musk's AI company, is reportedly in talks to raise $10 billion, potentially increasing its valuation to $75 billion. The funding aims to support the development of its AI technologies, including the Grok models. Read more
Grammarly Secures $1 Billion from General Catalyst
Grammarly has obtained $1 billion in financing from General Catalyst to enhance its AI productivity platform and expand its market presence. Read more
Trustifi Secures $25 Million Series A Funding
Trustifi has announced the completion of a $25 million Series A funding round led by Camber Partners to boost its AI email security platform. Read more
Biostate AI Secures $12 Million in Series A Funding
Biostate AI, a deeptech startup, has raised $12 million in a Series A funding round led by Accel. The company aims to enhance RNA sequencing for precision medicine using AI technologies. Read more
Samsung to Invest $100 Million in AI Medical Imaging Startup Exo
Samsung is considering a major investment in the California-based startup Exo, which develops AI-powered portable ultrasound devices. The investment could reach $100 million, with participation from Sands Capital, Bold Capital, and Qubit Health Capital. Read more
Pallet Raises $27M to Expand AI Workforce
Pallet has secured $27 million in Series B funding led by General Catalyst to enhance its AI workforce for logistics automation. Read more
Neuron Factory Secures $6 Million and Partners with Cordeel Group
Neuron Factory, an AI startup, has raised $6 million in seed funding and partnered with Cordeel Group to enhance the construction industry using AI technology. Read more
Cathay Innovation Closes €1bn AI-Focused Fund
Global venture capital firm Cathay Innovation has closed a €1bn fund dedicated to artificial intelligence, marking its third fund and making it one of the few VCs in Europe to exceed the billion-euro threshold. Read more
Humain Plans $10 Billion AI Venture Fund
Saudi Arabia's state-owned AI company, Humain, is launching a $10 billion venture capital fund and seeking investments from major US tech firms to establish an AI hub. The company aims to support the kingdom's ambition to become a global AI leader. Read more
Digua Robotics Raises $100 Million in Series A
Digua Robotics, a spinoff from Horizon Robotics, has secured $100 million in Series A funding with backing from investors such as Hillhouse Investment. Read more
Tarjama Secures $15M for Arabic AI Development
Tarjama, a language solutions company in the MENA region, has raised USD 15 million in Series A funding to enhance its Arabic AI platform and proprietary language model, Pronoia. Read more
Creatify Raises $15.5M for AI Ad Platform
Creatify has secured $15.5 million in Series A funding to launch AdMax, an AI-driven platform for automating video ad processes. Read more
CloudZero Raises $56M for AI Cloud Cost Optimization
On May 28, 2025, CloudZero announced a $56 million Series C funding round led by BlueCrest Capital Management and Innovius Capital to enhance cloud cost optimization for AI. Read more
Rillet Secures $25M for AI Ledger Automation
Rillet has raised $25 million from Sequoia Capital to advance its AI-powered general ledger software aimed at automating accounting for medium-sized businesses. Read more
Odyssey Unveils AI Model for 3D Interactive Streaming
Odyssey, a startup by Oliver Cameron and Jeff Hawke, has launched an AI model enabling interaction with streaming video in 3D environments. The model aims to produce realistic video streams and has raised $27 million in funding. Read more
EngineAI Targets $1 Billion Valuation in Funding Round
EngineAI, a Chinese robotics startup, is seeking a $1 billion valuation in its next funding round. The company develops intelligent robots for industries like manufacturing and healthcare, highlighting China's growing interest in AI and robotics. Read more
Chalk Raises $50 Million Series A Funding Led by Felicis
Chalk, an AI infrastructure startup, has secured $50 million in Series A funding led by Felicis, valuing the company at $500 million. The company aids enterprises in integrating proprietary data into AI models. Read more
Aion Silicon Secures $12 Million for RISC-V Accelerator Program
Aion Silicon has announced a $12 million engagement to provide design services for a customer developing RISC-V-based accelerators aimed at high-performance computing and artificial intelligence. Read more
ClickHouse Raises $350 Million for AI Analytics
ClickHouse has secured $350 million in Series C funding to advance real-time analytics and AI-native applications, with plans for global expansion and product development. Read more
Toolpath Raises $10 Million in Seed Funding
AI startup Toolpath has secured $10 million in seed funding from Kennametal Inc. and ModuleWorks, increasing its total funding to $20 million. The company is expanding its team and has acquired Chatter and NC Viewer to enhance its AI-driven machining software. Read more
ProteinQure and AssistIQ Raise Over $10 Million Each in Series A Funding
Canadian medtech startups ProteinQure and AssistIQ have each secured over $10 million in Series A financing to advance their AI healthcare solutions. AssistIQ focuses on hospital supply management, while ProteinQure targets AI-driven drug discovery for cancer treatments. Read more
Schroders Capital Closes $600M Fund for Generative AI Investments
Schroders Capital has closed its Global Innovation XI Fund with over $600 million in commitments, focusing on technology innovation in generative AI. The fund aims to diversify investments across various stages and sectors. Read more
Quest Software Secures $350 Million for AI Development
Quest Software has received a $350 million investment from existing lenders to advance its AI projects and improve its financial standing. The funds will aid in developing AI features across its software offerings and establishing the Quest Software Center for Advanced Architecture. Read more
Snabbit Secures $19 Million in Series B Funding
Snabbit has raised $19 million in a Series B funding round led by Lightspeed, with contributions from Elevation Capital and Nexus Venture Partners. The platform aims to enhance the home services sector in India. Read more
Arrive AI Secures $40 Million for Autonomous Delivery
Arrive AI has raised $40 million to advance its AI-driven delivery system featuring smart mailboxes, aiming to enhance last-mile delivery efficiency and security. Read more

Mergers & Acquisitions

ZScaler plans to acquire Red Canary to boost its AI-driven security operations. Sagtec Global Limited has announced a proposed acquisition of Smart Bridge Technologies Limited for US$17.6 million, aiming to enhance its AI capabilities and expand into new sectors. EdgeMode Inc. has acquired Synthesis Analytics Production Ltd. to enhance its AI and high-performance computing data center capabilities, including a new facility in Sweden. On May 29, 2025, SurgeONE.ai announced its acquisition of MGL Consulting to enhance its compliance and cybersecurity solutions. Marketing technology company Invoca has acquired Seattle-based startup Symbl to enhance its platform with AI for analyzing multimodal interactions.

IPO's & Market Moves

Biostate AI secured $12M in Series A funding to advance its AI-driven healthcare solutions.

Startup Funding

Unleash Live has raised $17 million in Series B funding to enhance its AI-based video analytics platform, focusing on improving workplace productivity and safety.

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