
Cohere Raises $500M, Valuation Soars to $6.8B; Titan Acquires RFA with $74M Boost - AI Funding Brief #27
August 19, 2025 -
AI Funding Brief
Hi there,
In this edition of the AI Funding Brief, we're diving into some significant funding and investment news within the AI business landscape. IVIX, a New York-based AI platform, has secured $60 million in Series B funding to enhance its capabilities in combating financial crime globally. Meanwhile, Medallion has raised $43 million to expand its AI platform and launch CredAlliance, a credentialing clearinghouse aimed at streamlining provider onboarding.
Additionally, Morgan Stanley predicts a substantial increase in the S&P 500's value due to AI-driven productivity gains, while the Norrsken Foundation has launched a €57 million fund to support early-stage impact tech startups in Europe. In other news, Titan has secured $74 million and acquired RFA to enhance its IT services, and Squint has raised $40 million to boost AI in manufacturing. Stay tuned for more updates on these exciting developments in the AI sector.
In this edition of the AI Funding Brief, we're diving into some significant funding and investment news within the AI business landscape. IVIX, a New York-based AI platform, has secured $60 million in Series B funding to enhance its capabilities in combating financial crime globally. Meanwhile, Medallion has raised $43 million to expand its AI platform and launch CredAlliance, a credentialing clearinghouse aimed at streamlining provider onboarding.
Additionally, Morgan Stanley predicts a substantial increase in the S&P 500's value due to AI-driven productivity gains, while the Norrsken Foundation has launched a €57 million fund to support early-stage impact tech startups in Europe. In other news, Titan has secured $74 million and acquired RFA to enhance its IT services, and Squint has raised $40 million to boost AI in manufacturing. Stay tuned for more updates on these exciting developments in the AI sector.
IVIX Raises $60 Million to Fight Financial Crime with AI
IVIX, a New York-based AI platform, has secured $60 million in Series B funding to enhance its AI solutions against financial crime. The funding will support the expansion of its research and development efforts globally. Read more
Medallion Secures $43 Million for AI and Credentialing Expansion
Medallion has raised $43 million to enhance its AI platform and launch CredAlliance, a credentialing clearinghouse to streamline provider onboarding and reduce verification redundancies. Read more
Morgan Stanley Forecasts AI-Driven S&P 500 Growth
Morgan Stanley predicts that the S&P 500 could see a value increase of up to $16 trillion due to productivity gains from artificial intelligence. The bank highlights the potential impact on jobs and the necessity for workforce adaptation. Read more
Norrsken Foundation Launches €57M Fund for Impact Tech Startups
The Norrsken Foundation has launched a €57 million fund called Norrsken Evolve to support early-stage startups in Europe focusing on sustainability, deeptech, and infrastructure. Read more
Titan Raises $74M and Acquires RFA to Enhance IT Services
Titan, an AI holding company, has secured $74 million in funding led by General Catalyst to improve IT services with its Augmented AI platform. The company has also acquired RFA, a managed service provider in the financial sector. Read more
Squint Secures $40M for AI Manufacturing Solutions
On August 12, 2025, Squint announced it has raised $40 million in Series B funding to enhance its AI-driven manufacturing solutions and expand into new sectors. Read more
€38 Million Funding for plancraft's AI Tools in Construction
The Hamburg-based SaaS company plancraft has raised €38 million in Series B funding to enhance AI-driven tools for the European construction industry. Read more
Perplexity AI Plans $34.5 Billion Bid for Google Chrome
Perplexity AI is seeking a $20 billion valuation to support its $34.5 billion bid to acquire the Google Chrome browser. This move comes as the company experiences significant growth and amid antitrust scrutiny of Google. Read more
Cognition AI Inc. Raises $500M and Acquires Windsurf Inc.
Cognition AI Inc., an AI coding assistant startup, has raised nearly $500 million, reaching a valuation of $9.8 billion. This follows their agreement to acquire Windsurf Inc. Read more
OpenAI Employees to Sell Shares at $500 Billion Valuation
Current and former employees of OpenAI are set to sell $6 billion in shares to investors including SoftBank, Thrive Capital, and Dragoneer Investment Group, valuing the company at $500 billion. Read more
Mergers & Acquisitions
Accenture has acquired Australian cybersecurity provider CyberCX for approximately $650 million to enhance its cybersecurity capabilities. Meanwhile, Nimble Gravity announced its acquisition of Fog Solutions, adding 50 data and AI experts to boost AI-driven solutions for clients.
- Nimble Gravity Acquires Fog Solutions
- Accenture Acquires CyberCX for $650 Million
- IFS Acquires 7bridges to Boost AI in Supply Chains
- Residex.AI Acquires Kevala for AI Workforce Management
- Perplexity Offers $34.5 Billion for Chrome
- MARA Acquires Majority Stake in EDF's Exaion
- Advent to Acquire Sapiens for $2.5 Billion
- Seroda Ventures Acquires Evonence and Merges with Cloudnyx.ai
- Workday Acquires Flowise for AI Development
- HCAP Partners Exits Investment in Saphyre After $70M Growth Investment
- Landbase Acquires Adauris for Marketing Automation
IPO's & Market Moves
Jet.AI Inc. has made a strategic capital contribution to AIIA Sponsor Ltd., focusing on AI and machine learning opportunities through a SPAC. Meanwhile, Nasdaq is leveraging AI to enhance market integrity and drive growth in the IPO sector, as discussed by CEO Adena Friedman.
Other Funding News
Tote.ai has secured $22.6 million to expand its market and enhance product features, with funding led by Cota Capital. Meanwhile, Pony.ai has received a $12.9 million investment from ARK Invest to expand its robotaxi fleet to 1,000 vehicles by year-end.
- Tote.ai Secures $22.6 Million for Expansion
- Pony.ai Secures $12.9 Million Investment from ARK Invest
- OpenAI Co-Founder Backs New Brain-Computer Interface Startup
- OpenAI to Develop Financial Instruments for AI Funding
- Profound Secures $35M to Boost AI Search
- Rivos Seeks Major Funding to Challenge Nvidia
- AI Hedge Fund by Ex-OpenAI Researcher Manages $1.5 Billion
- RIVANNA Receives $800,000 Grant for AI Ultrasound Platform
- Africa's Share in Global AI Funding Remains Minimal
Startup Funding
Cohere has raised $500 million, elevating its valuation to $6.8 billion, with backing from major investors like AMD and Nvidia. Meanwhile, Topline Pro secured $27 million in Series B funding to enhance AI solutions for local home service businesses.
- CourseRev.ai Receives Investment from The Walden Golf Group
- Refold AI Secures $6.5M for AI Integration
- Edumentors Raises $2 Million for Edu AI Tutor
- BetterPic Raises $2.5M to Enhance AI Imaging
- Genow Raises €1.65M for AI Platform 'Wingman'
- Paradigm Launches AI Spreadsheet with 5,000 Agents
- Innerworks Secures €3.7 Million for AI Fraud Detection
- Meshed Secures Funding to Automate Insurance Broking
- Cohere Raises $500 Million, Valuation Hits $6.8 Billion
- Swept AI Secures $1.4M Pre-Seed Funding Led by M25
- Topline Pro Secures $27 Million in Series B Funding
- Hugging Face Robotics Lead Seeks $40M for Startup Uma
- Archestra Raises £2.4 Million for AI Platform
- Firecrawl Secures $14.5M in Series A Funding
- Aizy Secures €1.5 Million for AI Marketing Platform
- Leonis Capital Raises $25 Million for AI Startups
- GoodShip Secures $25M for AI Freight Platform
- Continua Raises $8M for AI Agents in Group Chats
- Meta Farmers Raises $2M for AI Farm Robot
- Protege Secures $25 Million for AI Platform Expansion
- LawPro.ai Secures Seed Funding to Advance AI for Injury Claims
- HolmesAI Raises $3 Million for AI Agents
- Drivepoint Raises $9M to Enhance AI Finance Platform
- GoalVest Advisory Raises $10 Million for AI and Fintech Fund
- Mako Raises $8.5M for GPU Programming
- Dealops Secures $7 Million for AI Sales Tools
- Arintra Secures $21 Million for Medical Coding Platform
- Coraly.ai Raises $2M for AI Real Estate Platform
- Citizen Health Secures $30 Million for AI Patient Advocate
- Archestra Raises $3.3M for AI Security Platform
- Sola Solutions Secures $17.5M for AI Automation
- Studio Atelico Secures $5 Million for AI Gaming
- Ex-Twitter CEO Parag Agrawal Starts AI Firm
- Better Medicine Secures €6M for AI Cancer Detection
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