Kyt Dotson – SiliconANGLE

Lightmatter raises $400M at $4.4B valuation for next-gen photonic data center networking

Kyt Dotson — Wed, 16 Oct 2024 13:00:37 +0000

Lightmatter Inc., a startup building photonic supercomputing products, today announced it has raised $400 million in a late-stage round, raising the company’s valuation to $4.4 billion. The Series D round was led by T. Rowe Price Associates and joined by existing investors, including Fidelity Management & Research Co. and GV, the venture capital arm of […]

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Tableau Software updates data visualization and cloud analytics management

Kyt Dotson — Tue, 15 Oct 2024 20:00:35 +0000

Salesforce Inc.’s data visualization platform Tableau Software today introduced a major update that includes further extensions to its visualization capabilities and also promises to help organizations administer, create and scale analytics in the cloud. The new updates, announced today with the Tableau 2024.3 release, include the key feature Tableau Cloud Manager which the company said […]

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AI observability firm Galileo raises $45M to improve AI model accuracy

Kyt Dotson — Tue, 15 Oct 2024 17:00:49 +0000

Galileo Technologies Inc., an enterprise artificial intelligence observability and evaluation platform provider, today announced it has raised $45 million in new funding. The Series B round was led by Scale Venture Partners to help companies build trustworthy AI platforms. Databricks Ventures, Premji Invest, Amex Ventures, Citi Ventures, ServiceNow and SentinelOne participated alongside existing investors Battery Ventures, […]

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Tenable brings intelligent data and AI resource security risk management to the cloud

Kyt Dotson — Tue, 15 Oct 2024 13:00:48 +0000

Network security company Tenable Inc. today added security posture management capabilities for data and artificial intelligence solutions to the company’s Tenable Cloud Security platform that will reduce customer risk of exposure to misconfigurations and vulnerabilities. The company’s Cloud Security service helps companies discover risk within hybrid and multicloud environments, including vulnerabilities such as excess privileges, risky […]

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CoreWeave lands $650M credit line for AI cloud-computing expansion

Kyt Dotson — Fri, 11 Oct 2024 16:10:12 +0000

CoreWeave Inc., a cloud provider of graphics cards for artificial intelligence workloads, said today that it has added a $650 million credit line led by major investment firms to scale its global operations. JPMorgan Chase, Goldman Sachs and Morgan Stanley led the credit facility, with participation from Barclays, CitiGroup, Deutsche Bank, Jefferies, Mizuho, MUFG and […]

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Uniswap Labs announces Unichain, a layer 2 blockchain for scaling decentralized finance

Kyt Dotson — Thu, 10 Oct 2024 18:30:59 +0000

Uniswap Labs, the developer behind the most popular decentralized cryptocurrency exchange, today announced the launch of its own application-specific layer 2 blockchain network, Unichain. The company said the new blockchain network is geared toward helping build a scaling solution for Ethereum, a popular blockchain for decentralized finance, or DeFi, to help lower transaction times and […]

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ApertureData raises $8.5M for multimodal AI database

Kyt Dotson — Thu, 10 Oct 2024 16:35:00 +0000

California-based ApertureData Inc., the developer of a purpose-built database for artificial intelligence multimodal large language models, today announced it has raised $8.25 million. The seed round was led by TQ Ventures with participation from Westwave Capital and Interwoven Ventures. As more AI-driven applications expand beyond pure text generation and answers, many have become multimodal, which […]

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Autonomous AI-powered software testing tool TestSprite announces early access

Kyt Dotson — Thu, 10 Oct 2024 13:00:13 +0000

TestSprite Inc., a platform that offers end-to-end software testing using fully autonomous artificial intelligence, today announced early access to its platform today. The company’s platform provides an AI-powered quality assurance solution that fully automates the process of testing back-end and front-end systems with minimal input from the user by using the context of the services, […]

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AI startup Basecamp raises $60M to scale research of proteins for ‘programmable’ next-gen meds

Kyt Dotson — Wed, 09 Oct 2024 16:45:03 +0000

Basecamp Research, a biotechnology company that uses artificial intelligence to discover novel proteins and to help create new medicines, said today it has completed a $60 million round and joined a multiyear collaboration with the Broad Institute of Massachusetts Institute of Technology and Harvard. The company’s Series B financing round was led by Singular, with […]

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Writer releases Palmyra X 004 next-gen generative AI model with tool calling capability

Kyt Dotson — Wed, 09 Oct 2024 13:00:02 +0000

Enterprise-focused generative artificial intelligence startup Writer Inc. today announced the introduction of Palmyra X 004, the company’s newest proprietary large language model designed to power AI applications and autonomous agents. To train the new model, the company used synthetic data, which it says allowed it to produce the LLM at a small fraction of the cost […]

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Atlassian announces general availability for Rovo generative AI assistant

Kyt Dotson — Wed, 09 Oct 2024 07:05:20 +0000

Atlassian Corp. Plc. today announced the general availability of its new generative artificial intelligence assistant Rovo. The knowledge discovery product for enterprise customers can extract data from a company’s internal tools, help find information stored in them and act on it. The company announced Rovo in May alongside a closed beta for thousands of customers. It’s powered […]

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Legal document AI startup EvenUp raises $135M at $1B valuation

Kyt Dotson — Tue, 08 Oct 2024 16:30:54 +0000

EvenUp Inc., a startup that provides artificial intelligence services for personal-injury document generation, today announced it raised $135 million in a late-stage round valuing the company at more than $1 billion. Bain Capital Ventures led the Series D funding round, which brought the total funding for the company to $235 million. The round also attracted […]

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AMD-based AI cloud platform TensorWave raises $43M to increase data center capacity

Kyt Dotson — Tue, 08 Oct 2024 12:00:16 +0000

TensorWave Inc., an artificial intelligence GPU cloud delivery platform aimed at delivering an alternative to Nvidia Corp.’s market dominance using Advanced Micro Devices Inc. chips, said today it has raised $43 million in a so-called “simple agreement for future equity” investment round. The round was led by Nexus VP with participation from Maverick Capital, Translink […]

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Metaverse platform Infinite Reality acquires extended reality firm Zappar for $45M

Kyt Dotson — Tue, 08 Oct 2024 12:00:11 +0000

Infinite Reality Inc., a metaverse company that builds and powers virtual reality e-commerce and immersive digital media experiences, said today that it has acquired London-based extended reality platform and creative studio Zappar Ltd. Infinite Reality said it paid $45 million in a deal that will bring Zappar’s advanced products under the company’s umbrella. The aim […]

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3Laws nabs $4.1M in seed funding to make autonomous robots safer to operate

Kyt Dotson — Thu, 03 Oct 2024 18:40:15 +0000

3Laws Robotics Inc., a company that makes safety solutions for autonomous robotics systems, today announced it has raised $4.1 million in seed funding led by TenOneTen with participation from the Amazon Industrial Innovation Fund. The company’s technology was originally developed at the California Institute of Technology and supported by a deep collaboration of industry leaders […]

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Submer raises $55.5M to scale sustainable immersion cooling for AI and data center servers

Kyt Dotson — Thu, 03 Oct 2024 16:20:56 +0000

Cooling specialist firm Submer today announced it has raised $55.5 million in new funding to scale up its sustainable liquid cooling solutions for data centers, aiming to address the artificial intelligence revolution’s growing problem of keeping servers from melting down. Existing investors Planet First Partners and Norrsken VC joined the Series C funding round, which […]

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Harmonic Security raises $17.5M to protect sensitive data from leaking during AI use

Kyt Dotson — Wed, 02 Oct 2024 17:10:24 +0000

Harmonic Security Inc., a San Francisco-based company that provides artificial intelligence capabilities for enterprise data protection, announced today it has raised $17.5 million in early-stage funding. The Series A round was led by Next47 and brought the company’s total raised to more than $26 million, including $7 million during the company’s seed round led by […]

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Autonomous warehouse robotics platform company Dexory raises $80M

Kyt Dotson — Wed, 02 Oct 2024 16:05:58 +0000

Dexory Ltd., a U.K.-based startup that builds ultra-tall robots to help warehouses efficiently inventory goods, announced Tuesday it has raised $80 million in new funding led by DTCP. The Series B funding round, comprised of a mix of equity and growth debt, attracted participation from additional investors Latitude Ventures, Wave-X and Bootstrap Europe, along with […]

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Google brings new AI features to ChromeOS and announces two new Chromebook models

Kyt Dotson — Tue, 01 Oct 2024 16:25:38 +0000

Google LLC today announced the launch of two new Chromebook models and artificial intelligence features, powered by Gemini, coming to the company’s lightweight laptop’s ChromeOS. Beginning this month all Chromebooks will now feature chat with Gemini, which provides access to Google’s most powerful AI chatbot large language model capable of answering questions, summarizing web pages and doing […]

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Moveworks rolls out automation platform for building AI agents

Kyt Dotson — Tue, 01 Oct 2024 13:00:36 +0000

Moveworks Inc., a generative artificial intelligence copilot for enterprise employee support, today announced the launch of Agentic Automation, an automation platform that enables developers to create powerful AI agents. AI agents are automation tools that can intelligently perform specific or complex tasks without human intervention. Enterprise organizations also use AI agents to answer questions and […]

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Study: Even as larger AI models improve, answering more questions leads to more wrong answers

Kyt Dotson — Thu, 26 Sep 2024 19:35:49 +0000

A recent study published by Nature says newer, bigger versions of the three major artificial intelligence chatbots may be more likely to generate wrong answers than claim that they don’t know. Although more refined and bigger large language models that use more data and more complex reasoning and fine-tuning proved to be better at giving […]

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DeepOpinion raises €11 million to assist enterprise businesses with AI agents

Kyt Dotson — Thu, 26 Sep 2024 16:50:34 +0000

DeepOpinion, an Innsbruck, Austria-based company specializing in building artificial intelligence agents to automate business tasks, said today it has raised €11 million, or $12.2 million, in early-stage funding. Co-led by led by Red River West and Alpha Intelligence Capital, the Series A round was also joined by the company’s existing investors Lunar Ventures and Stride VC. […]

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Google Labs adds video and audio input to AI-powered note-taking assistant NotebookLM

Kyt Dotson — Thu, 26 Sep 2024 16:00:14 +0000

Google LLC today rolled out new features for its artificial intelligence note-taking and research assistant NotebookLM, including the ability to upload videos from YouTube URLs and audio files directly, in addition to text, PDFs, Google Docs and web pages. NotebookLM is an experimental tool from Google Labs that uses the company’s powerful Gemini 1.5 large […]

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Meta unveils new mixed reality Quest 3S headset, updated AI models and next-gen AR glasses

Kyt Dotson — Wed, 25 Sep 2024 20:04:03 +0000

Meta Platforms Inc. took the stage today at Meta Connect 2024 to announce innovations in mixed reality and artificial intelligence with the introduction of the Quest 3S headset, AR glasses and updated AI models. The new device has the same mixed reality capabilities and features as the Meta Quest 3, but a lower price at […]

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Celestia Foundation nabs $100M for modular blockchain network

Kyt Dotson — Tue, 24 Sep 2024 17:25:22 +0000

Celestia Foundation, the team behind the modular blockchain network Celestia, has raised $100 million in new funding. The investment, announced Monday, was led by Bain Capital Crypto, with additional contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. It follows a previous $55 million investment led by Bain Capital Crypto and Polychain Capital in 2022, bringing the […]

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Nurix AI raises $27.5M to scale development of custom enterprise AI agents

Kyt Dotson — Tue, 24 Sep 2024 15:55:34 +0000

Bengaluru, India-based Nurix AI, the developer of custom artificial intelligence agents for enterprise customers, today announced it has raised $27.5 million in early-stage funding. The seed-Series A funding was co-led by General Catalyst and Accel with participation from Merkai Labs. Founded in early 2024, Nurix builds custom AI agents that can execute complex actions on […]

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Tabnine introduces AI agents that generate and validate code from Jira issues

Kyt Dotson — Tue, 24 Sep 2024 13:00:41 +0000

Tabnine Ltd., the maker of an artificial intelligence code completion tool for developers, today announced the general availability of two AI agents that integrate with Atlassian Corp.’s Jira, which can generate and validate code from issues. Jira issues are a primary source for developers to receive communication about updates needed for code and are often provided in […]

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Open-source data orchestration platform Kestra raises $8M

Kyt Dotson — Mon, 23 Sep 2024 16:20:25 +0000

Kestra, the maker of a unified open-source data workflow orchestration platform, today announced it has raised $8 million in seed funding to drive the company’s continued expansion across North America and continue its vision to bridge what the company calls the “orchestration gap.” Alven led the round, and ISAI and Axeleo Capital joined alongside notable […]

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Drift raises $25M to expand decentralized exchange on the Solana blockchain

Kyt Dotson — Fri, 20 Sep 2024 16:20:50 +0000

Drift Labs, the developer of a decentralized finance platform built on the Solana blockchain, announced Thursday it has raised $25 million in new funding to expand its services. The Series B round was led by Multicoin Capital and attracted investments from Blockchain Capital, Folius Ventures, Maelstrom and Primitive. The company said it intends to use […]

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Amazon launches Amelia, a generative AI-powered assistant for third-party sellers

Kyt Dotson — Thu, 19 Sep 2024 18:15:53 +0000

Amazon.com Inc. today announced it’s rolling out a generative artificial intelligence assistant dubbed Project Amelia for independent sellers to provide answers, advice and tools to boost their productivity and sales. The new AI assistant is currently in beta mode for select Amazon partners in the United States. It will allow sellers to ask questions in English […]

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