Funding highlight reel
, which promises $100 genome sequencing, came out of stealth with a $600M raise
, which uses computer vision for an automated “drive in drive out” payment system, raised $167M in Series B
co-led by 3L Capital and Assembly Ventures.
, an AI-powered job match-maker, raised a $90M Series D
led by Generation Investment Management.
, which analyzes conversations for marketing and sales teams, raised a $83M Series F
led by Silver Lake Waterman, valuing the company at $1.1B.
, a B2B startup which translates speech to text in 34 languages, raised a $62M Series B
led by Susquehanna Growth Equity. The company spun out of University of Cambridge back in 2006 and was founded by Tony Robinson, who did his PhD on Recurrent Neural Network back in the late 1980s.
, who develops voice AI models that change accents, raised a $32M Series A
led by Insight Partners.
, an AI drug discovery company, raised a $60M Series D
from multiple investors. This follows a $255 Series C from last year.
, which uses deep learning to understand protein ligand co-folding, raised a $50M Series A
led by F-Prime Capital and OrbiMed, fueled by the latest advances in machine learning for protein modeling.
, an AI-powered small molecule design company, raised a $30M Series A
led by Catalio, with participation from Air Street Capital, Lux Capital, Obvious, Menlo and Khosla.
, previously Grid.ai, raised a $40M Series B
led by Coatue. Lightning AI provides MLOps software to integrate the whole AI model building pipeline and make it cloud-infrastructure agnostic. The company originated from the open source PyTorch Lightning package created by Lightning AI CEO William Falcon.
, which raised a $30M
seed round led by GV, takes the bet that AI systems must avoid being monolithic. The company’s CEO Chris Lattner, who held senior positions at Apple, Tesla, Google, and SiFive, wants to provide ML developers with composable components to build their ML pipelines.
, which raised a $26M Series A
led by NEA, Construct, and other investors, wants to fix companies’ supply chain troubles by using machine learning and game theory to simulate procurement processes.
raised a $25.6M Series A
led by Earlybird Venture Capital. The company uses AI to automate circuit board design.
, which does AI-powered video localization, raised a $20M Series A
led by Octopus Ventures.
, which allows data teams to integrate AI models to companies’ existing data stack, raised a $14.5M Series A
led by Innovation Endeavors. Their platform for example allows developers to define AI models declaratively – as one would do with SQL.
As we mentioned in the Big Tech section, Tabnine
, which does AI-assisted code generation, raised a $15.5M Series B led by Qualcomm Ventures, OurCrowd and Samsung NEXT Ventures. Mintlify
raised a $2.8M Seed round
led by Bain Capital Ventures to automate code documentation generation with AI.
, the federated learning company for medical data, raised
$80M (part equity, part upfront payments) as it gears up to enhance drug trials with the pharmaceutical giant Bristol Myers Squibb.
acquired two AI companies last month: Spell
, an MLOps platform
founded by a former senior exec at FAIR, and MeaningCloud
, a multilingual natural language processing company
, a London-based startup which makes AI-generated voices, was acquired
. The company had some recent publicity because it generated Val Kilmer’s voice in the Top Gun: Maverick
, makers of embedded AI systems, was acquired
by Renesas Electronics Corporation
, which supplies semiconductor solutions.
, a Canadian conversational AI company, was acquired
, a unicorn omnichannel customer service and success platform.
, a Swedish enterprise AI platform company, was acquired
by mobile game developer King
, an AI -powered shopping platform for fashion, was acquired
, a voice synthesis company, was acquired
, an enterprise AI vendor with a focus on audio and video.
, a virtual try-on user experience company, was acquired
. Memoi had been used across more than 2,800 Walmart Vision Centers and 550 Sam’s Clubs for customers buying new glasses.
Othmane Sebbouh and Nathan Benaich, 10 July 2022
Air Street Capital is a venture capital firm investing in AI-first technology and life science companies. We invest as early as possible and enjoy iterating through product, market and technology strategy from day 1. Our common goal is to create enduring companies that make a lasting impact on their markets.