Tag: funding

AI chip startup Groq has announced a significant funding round, raising $750 million at a post-money valuation of $6.9 billion. This substantial investment underscores the intense investor focus on the critical hardware infrastructure powering the artificial intelligence revolution, particularly in the burgeoning field of AI inference.

London-based AI startup AutogenAI has secured $22.3 million in a significant funding round to enhance its generative AI platform, which streamlines the creation of bids and tenders for businesses. The company aims to reduce costs, improve efficiency, and boost success rates in procurement processes.

Hugging Face has raised $100 million in a Series C funding round, solidifying its position as the "GitHub of machine learning." The investment, led by Lux Capital with participation from other major firms, will fuel the company

Australian legal AI startup Isaacus has raised $700,000 in pre-seed funding from Aura Ventures and Galileo Ventures to develop sovereign, foundational legal AI models and infrastructure, aiming to become the "AWS for law."

Mistral AI has announced a significant €1.7 billion Series C funding round, achieving a €11.7 billion post-money valuation. The investment, led by ASML Holding NV, with participation from major existing investors, will accelerate the company's research into advanced AI models and the development of custom, decentralized AI solutions tailored for complex challenges in strategic industries.