Cohere Raises $500M, Valuation Soars to $6.8B; Titan Acquires RFA with $74M Boost - AI Funding Brief #27

August 19, 2025 - AI Funding Brief
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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

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.

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.

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