The startup’s platform predicts what product a shopper wants next, learn their general taste, and fine-tune continuously based on what they do in real time.
The Series B is the company’s second fundraise since it last raised capital in 2020. In that time, it has increased its ARR by 10x to $60 million.
River plans to build a new factory, launch additional models from 2027, and target profitability as it scales production.
At its peak in 2021, Airtable was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion.
Valar Atomics raised $1 billion at a $6 billion valuation after signing a development deal with Nvidia in June.
The new funding brings Index’s total available investing capital to $3.5 billion.
Add another member to the fast-and-furious AI unicorn club: Simile
The Series A was led by Khosla Ventures, with participation from Allianz, Rebel Fund, Brick and Mortar Ventures’ Darren Bechtel, and Y Combinator’s Garry Tan.
Polar has come out with an AI-first browser aimed at knowledge workers, and it has now raised a $5.7 million seed round led by Madrona.
The startup analyzes calls, messages, and CRM data to identify effective sales techniques and turn them into playbooks for AI agents.