Meta's $14.8B Stake in Scale AI, Glean Hits $7.2B Valuation, and Juniper Square's $130M Series D - AI Funding Brief #18

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, Juniper Square has successfully raised $130 million in its Series D financing round, aiming to enhance its AI capabilities for private markets. Meanwhile, Glean, an AI search startup founded by former Google engineers, has reached a valuation of $7.2 billion following a $150 million funding round led by Wellington Management.

In other news, Vecmocon Technologies has secured $18 million to advance its electric vehicle systems, and ReSpo.Vision has raised €4.2 million to revolutionize sports broadcasts with AI and computer vision. Additionally, Ontra has obtained $70 million to enhance legal automation for private equity and investment firms. Stay tuned as we delve into these stories and more, highlighting the dynamic landscape of AI funding and innovation.

Juniper Square Raises $130 Million in Series D

Glean Valued at $7.2 Billion After Funding Round

Vecmocon Technologies Secures $18M for EV Solutions

ReSpo.Vision Secures €4.2M for AI Sports Broadcasts

Ontra Secures $70 Million to Enhance Legal Automation

FERMÀT Secures $45 Million in Series B Funding

Wandercraft Secures $75M and Partners with Renault for Humanoid Robots

Farsight Secures $16M to Automate Financial Workflows

Coco Robotics Secures $80 Million in Funding

Cyera Secures $540 Million in Series E Funding

OpenAI Seeks $40 Billion Funding for AI Development

Aiera Secures $25 Million in Series B Funding

Laurel Secures $100M in Series C Funding

Multiverse Computing Secures $217 Million for AI Model Compression

Nominal Secures $75 Million for Hardware Testing

Ellipsis Health Launches AI Care Manager Sage with $45M Funding

Yupp Secures $33M to Launch AI Comparison Platform

Aspora Raises $53 Million to Enhance Banking for NRIs

Definely Secures $30 Million for AI Expansion

Scale AI Receives Investment from Meta and Announces Leadership Changes

Fleetworthy acquired Haul to enhance AI fleet compliance solutions, while Plus Automation plans a $1.2 billion merger to go public. Meta acquired a 49% stake in Scale AI for $14.8 billion, and DoorDash acquired Symbiosys to launch AI ad tools. Blend360 plans a $300M investment in AI M&A, and TELUS proposes acquiring TELUS Digital. Google reconsiders its deal with Scale AI after Meta's investment.

Howden Re and UCL School of Management have been granted £200,000 to develop AI tools for reinsurance processes, focusing on pricing and accumulation improvements.

Lyrebird Health has raised $12 million to enhance its AI-powered healthcare transcription platform and expand internationally. Shilo announced it raised $2.6 million in seed funding to advance its AI assistant for real estate professionals. Israeli startup ai.work has launched its platform to automate enterprise processes, securing $10 million in Seed funding. Nova Talent has raised €3.2 million to support its international expansion and enhance its AI platform. Aethero has raised $8.4 million to develop AI-powered space computing and autonomous satellite platforms. Sintra has raised $17 million to enhance its AI platform for small and medium-sized businesses. Omnisent has raised $3 million to develop a Large Acoustic Model for interpreting non-speech audio signals. Lembas announced a breakthrough in natural GLP-1 activation for weight management and secured $3.6 million. RIIICO has raised $5 million to advance its AI software for digitally modeling and adapting factories. Sunrise Robotics has secured $8.5 million to address labor shortages in the European manufacturing sector. Lemonflow has completed its pre-seed funding round to develop their AI agent for automating customer support in EV charging.