I’ll keep you ahead of the pack 🐺

In the realm of artificial intelligence (AI), the pace of innovation is matched only by the surge in investments. Startups are harnessing AI's transformative potential and attracting significant funding from venture capitalists and tech giants alike.

Unfortunately news resources covering the intersection of AI & Startups is lacking massively. Without a CrunchBase subscription or 18 hours spare every day, it’s unlikely you’ll be able to stay up-to-date with all the funding announcements. So, in response \ I’m covering everything to do with AI x Startups - so you don’t have to lift a finger.

Here’s what you can expect:

1. Big stories in immense detail

2. All the AI funding announcements

3. Ways you can get involved through incubators & accelerators

Don’t worry about:

1. Useless fluff

2. Off-topic bullshit

3. Annoying, incessant sponsorships

Without further ado, here’s the first newsletter of many:

A Startup’s Story 📕

AI startups, led by industry veterans, have seen significant investor interest and funding recently, highlighted by former OpenAI executives raising $450 million for their new startup, Anthropic. This is part of a broader trend where global venture capital investment in AI reached approximately $115 million billion last year, with tech giants like Microsoft and major VCs such as Foundation Capital participating.

Anthropic was founded by ex-OpenAI executives, and it has quickly positioned itself as a formidable player in the AI industry. The co-founders of Anthropic, Dario Amodei and Daniela Amodei, are known for their notable contributions to OpenAI before starting their own venture.

Their work at OpenAI, particularly in developing large language models like GPT-3, has proven instrumental in shaping the direction of AI research and development. Given their impressive backgrounds, it's no surprise that Anthropic has seen such significant investor interest.

As for the growth of the company, it's clear that Anthropic has made a significant impact in a short time. The startup is on a mission to make machine learning models more understandable and robust.

Success Snapshots 📸

The diversity and breadth of AI startups that have successfully attracted funding is staggering:

• Aisera: $173 million in funding, uses AI for IT, sales, and customer-service-support products. Their rapid growth trajectory has attracted leading investors like Thomas Bravo and the Goldman Sachs Group.

• Solsten: Berlin-based startup, has raised $31 million. They use AI to study gamer responses and work with game developers like Mythical Games and Sky Mavis​

• Protex AI: an Ireland-based startup backed by Y Combinator, raised $18.3 million for its construction-safety-tech platform. Their AI technology identifies potential accident risks at warehouses and construction sites.

• iLoF: a biotech startup that uses AI to profile patients' medical bios, raised a total of $7.3 million. They recently raised $5 million in seed funding, backed by investors including Microsoft's M12.

• Neurons: based in Copenhagen, uses AI to provide advertisers with deeper data from focus groups. They've raised $6.3 million from investors like Fairpoint Capital and VF Venture.

• Regie.ai: a sales-automation-AI startup, raised $4.8 million in seed funding from a range of investors, including Foundation Capital, South Park Commons, Day One Ventures, and a group of angel investors.

Conclusion 🏁

The AI Investment Landscape is Thriving

As these stories illustrate, the AI investment landscape is thriving. From innovative startups to tech giants, the AI industry is attracting significant funding and attention. The transformative potential of AI is being recognised and capitalised on, and the pace of innovation is showing no signs of slowing down.

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