ASI has raised $325 million in a Series C round that values it at $3 billion, the Boston AI company announced on Tuesday. Its software models air traffic, power grids and military operations hours, days and weeks ahead. The aim is to let operators act …
Reliable Robotics has raised $115 million, taking its valuation past $1 billion, the company announced on Tuesday. The Mountain View, California, startup builds systems that let existing aircraft taxi, take off, fly and land on their own. The money ext…
Otter.ai has raised $320 million in growth financing from General Catalyst’s Customer Value Fund. The AI meeting notetaker announced the deal on Tuesday. It will use the money for enterprise growth, its go-to-market strategy, international expansion an…
“Blackwall has built something rare: a security company that grows with the internet itself,” said Warda Shaheen, a general partner at AVP. “It is already the layer in front of millions of websites, and as more of the web’s traffic comes from agents, t…
Inception, the Redwood City AI lab, released Mercury 3 on Monday. It is the newest version of what the company calls a diffusion LLM, a design that differs from the systems behind most chatbots. Most language models are autoregressive. They write one t…
Town, a San Francisco startup that gives each person at work an AI work assistant, has raised $108m in a Series B that values it at $1bn. Forerunner Ventures and Menlo Ventures co-led the round, the company announced on Monday. Existing investors a16z …
Amnon Shashua’s startup doubleAI has launched Maxwell, an AI model that works inside running software to make it use less computing power. Shashua co-founded the Tel Aviv company and is its chief executive. The company announced Maxwell on Monday and o…
Tenstorrent, the AI chip company run by Jim Keller, has closed a $1.5bn Series E round at a $6.2bn post-money valuation, it announced on Monday. Trace Capital and Innovation X led the round. New and existing investors also took part. They include Agost…
Anduril is letting current and former employees sell shares in a tender offer that values the defence tech company at about $90bn. The shares are priced at $94.80 each, and the offer is capped at about $1.3bn, according to Bloomberg’s sources. Rebecca …
“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October. Ramp’s co-founders, Eric Glyman and Karim Atiyeh, marked the new valuation wit…