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Hebbia raises nearly $100M Series B for AI-powered document search led by Andreessen Horowitz | TechCrunch Hebbia, a startup using generative AI to search large documents and return answers, has raised a nearly $100 million Series B led by Andreessen Horowitz, according to three people with knowledge of the matter.  The round valued the company between $700 million and $800 million, although TechCrunch couldn’t verify whether that valuation is pre- or post-money. (One possible scenario is $700 million pre/$800 million post.) Hebbia disclosed in an SEC filing in May that it had by then raised $93 ... Read more here: https://lnkd.in/dnJsmDzB . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #StartupFunding

Rubrik’s IPO filing reveals an AI governance committee. Get used to it. #startup  #fundraising  #angelinvestor  #investments  #VentureCapital  #vc #Entrepreneurship  #venturefunding  #investing #TechNews #Innovation #technology #AI https://lnkd.in/dV79u8UJ

#WA-based Cimba.AI secures $1.25million in pre-seed #funding. Leading the round was Ripple Ventures, with participation from angel investors like Chris Riccomini and Chad Sanderson as well as SeaChange and PackVC. The money will be used by the company to #grow both its #operations and its clientele. Founded by Cimba and CEO Subrata (Subu) Biswas and Vishal Das.AI provides an analytics agent #infrastructure based on Gen AI that is adaptable. Through the use of adaptive analytics AI agents and natural #language-based workflow generation, it assists enterprises in #optimizing their business operations at scale. Cimba.AI, a Gen-AI native #platform, businesses can design unique, adaptable AI agents that can generate #insightful reports and suggest and initiate business activities based on internal data and #knowledge bases. Cimba.ai Ripple Ventures Subrata (Subu) Biswas Vishal D. To share your startup story write us on - contact@startuprise.io' #cimbaai #funding #startup

#fundingalert 💼Company: Foundational 💰Funding: $8Million ⚡Round: Seed  👥Investors: Viola Ventures, Gradient Ventures, Asymmetric Return Capital. Foundational, Too many data breaches occur. They make it simple to identify, address, and avoid problems in your code before you release it and contaminate the data. Use Foundational to uncover and prevent problems, establish controls and boundaries, and proactively identify code and data concerns. With the money, the company hopes to advance its technology and add new features to its products that will help data developers build at scale. Alon Nafta Barak Fargoun Omri Ildis Nathan Ruchman Michael Colella Read more - https://lnkd.in/g-S4GGTn To share your startup story write us on - contact@startuprise.io #foundational #datamanagement #datagovernance #dataquality #ai #funding #startupnews #fundingnews #news

WSJ reporting Foundational Model company Mistral is raising $600mm at a $6 Billion Valution. For VCs goes to show Foundational Models are a big boys game with hundreds of millions if not Billion + needed to be raised to be competitive. But I wonder longer term if these are + ev bets or simply a way for the blue chip VC firms who have raised billions for their new AI funds to deploy massive amounts of capital in low-risk low-return bets. The more interesting companies are still worth $50 million or less but; 1. Finding them is hard 2. Check sizes are by definition smaller so for big VCs won't move the needle 3. The risks of failure are extremely high But that is where the highest expected value lies.

While AI is in the news a lot lately, it simply doesn't work without privacy built in to fundamentally safeguard the underlying data. Simply put, LLM data isn't protected until it has a data privacy vault to secure it. So, yes, the headline is that Skyflow raised an additional $30m in funding with Khosla Ventures leading the infusion of capital. That's great news for folks who care about less of your PII being accessible. It's also a wonderful recognition of all of the hard work of the team and our customers. 210% growth year-over-year doesn't happen without them and we're eternally grateful for their support. However; I'm extremely excited that it also means your data could be better protected against AI hallucinations or Bill from Accounting uploading a spreadsheet with everyones bank accounts into your LLM. So, check out our LLM privacy vault for yourself and don't let Bill ruin your week: https://lnkd.in/gAjcsNcT

In our #VCBenchmark Q4'23 report 📊, Monica Aznar Oriol from MBA Ventures talks about how widespread skepticism 🤨 (but also the silver linings that came with it) towards venture capital challenged both VCs as well as #startups in their #fundraising last quarter. Monica’s full excerpt along with many of our other amazing contributors in the report here 👇 https://bit.ly/3wlVncB #venturecapital #marketinsights #FriendsOfTheVentureCity

Have you ever X-rayed a young unicorn with the help of an Excel file? If not, you should take a look at the article below ;-] Created with €15k in May 2023, the Mistral AI quickly raised €105 million. A second funding round of €385 million in December 2023 values the company at €1.86 billion, turning it into a unicorn. The co-founders still control 44.6% of the voting rights after the second round, but investors have likely negotiated liquidity clauses. A partial cash out has simultaneously ensured the founders a minimum profit regardless of the future development of their startup. Two exit scenarios, one at €1 billion and another at €5 billion, are being explored for both the founders and the investors. Happy reading! https://lnkd.in/ercYzS4u … #strategy, #finance, #startups, #entrepreneurship, #innovation, #venturecapital, #risk, #reverseengineering, #exit, #hypergrowth, #valuation

Skyflow secures $30M in Series B extension amid AI-Driven growth surge #Skyflow has announced a $30 million Series B extension, led by the forward-thinking Khosla Ventures. This strategic infusion of capital marks a significant milestone for Skyflow, highlighting the company's pivotal role in addressing the burgeoning demand for sophisticated data management services in the AI era. Skyflow, co-founded by CEO Anshu Sharma, began its journey with a focus on providing an API that securely stores personally identifying information (PII) for customers. However, as #AI technologies, particularly large language models (LLMs), have exploded in popularity, Skyflow has adeptly expanded its offerings to meet the complex data privacy and management needs this new era demands. The decision by Khosla Ventures to lead this round of funding, alongside other notable investors, reflects a strong vote of confidence in Skyflow's mission and its capabilities. This is especially relevant as the company reports a significant portion of its revenue now stems from LLM-related services, showcasing a swift adaptation to market trends. The choice to categorize the funding as a Series B extension, rather than moving to a Series C, was a strategic decision reflecting the current investment climate and Skyflow's savvy approach to growth. This move, aimed at achieving minimal dilution while accelerating expansion, highlights the company's pragmatic approach to scaling. Furthermore, the involvement of Khosla Ventures, known for its portfolio of AI investments, underscores the critical importance of data privacy and security in corporate LLM usage. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

Exciting News!!! 🚀🚀🚀 We’re thrilled to announce that Eilla AI has raised $1.5M in a Seed round led by Eleven Ventures and backed by Fuel Ventures 🚀. It makes us proud that they are supporting our mission to redefine one of the world's most complex workflows - the one of investors and investment bankers. Our Generative AI platform powers the M&A, VC, and PE deal workflows by automating and reducing the time spent on mundane tasks, as well as supporting complex decision-making. That’s a huge step!!! 🎉 Nikola Lazarov Petar Petrov Nikolay Babulkov Filip Siderov Nikolay Papazov Svetozar Georgiev Collin Mazgaloff  🚀 Mark Pearson Mike Stevenson Learn what the future holds for Eilla AI in Callum Burroughs write-up in Insider: https://lnkd.in/dNs9GPTd Curious to learn more? Head to https://eilla.ai #seedround #generativeai #venturecapital #privateequity #mergersandacquisitions #fundraising