Titouan Galpin’s Post

What's the valuation bump for AI companies? → 38% for Series A → 23% at Seed That's according to recent data from Kevin Dowd at Carta. If you haven't been following Kevin or Peter Walker from Carta - give them a follow now for incredible insights ❤️ In Kevin's post "It’s been a tough year to raise VC—unless you’re an AI startup" (link in comments below) He details the median cash raised and median pre-money valuations, comparing Q1 2023 with Q4 2022. For AI companies, valuation are up over last quarter (7.2% for Series A and 19% at Seed). Median cash raised is up 10% from last quarter at Seed, but down 25% at Series A. But I was curious to see the comparisons between AI and other startup valuations at each round. Here's the visual showing at 38% bump for Series A and 23% at Seed 👇 #ai #seriesa #venturecapital

Hard to compete with valuations of AI/ML enabled companies.

🚀 **AI's Next Gen: The Top AI Startups of 2024 Unleashed** 🤖 After our last deep dive, let's pause our AI obsession (I mean, it's practically coming out of our ears 🙉) and check out the latest batch of AI startups stirring the pot, courtesy of CB Insights. Quick lowdown before you go "TL;DR": 1/ Scope it out for yourself, but here are the juicy bits: - Presence from 16 countries with Europe bagging a 19% share & spread across 30 categories; - A whopping $28B raised in total (yup, with OpenAI alone accounting for $12B or 40% of that 🤑); - Majority are early birds with 68% in initial stages & 25% raising under $10M; - Not to be overlooked, 19 firms (that’s 19%) hit unicorn status with valuations >$1B 🦄. 2/ The part you might skip to grab a coffee - the valuation multiples are INSANE: - Hugging Face leading at a whopping 150x; - Followed by Perplexity at 65x, Tenstorrent at 40x... you get the drift. Big numbers, big dreams 💸. 👉 Want the full picture? Dive into the list and more charts over at CB Insights: [CB Insights Report](https://lnkd.in/gUqfzFcp) Let's keep eyes 👀 on where these AI trailblazers are heading next! #ai #nextbigthing

⭐⭐⭐⭐⭐ Introducing stars in Context.ai! Now you can rate messages to keep track of the highs and lows. Use the rest of Context.ai’s analytics to improve your LLM so it earns a 5/5! #Startups #AI #Technology #Analytics

"Every big business is using Generative AI, I'm falling behind" Something I heard recently, but how true is this? I do a lot of work in the start-up and scale-up space, and there's no doubt that there is a lot of buzz around Gen AI, and I've posted before about the amount of funding this year it has attracted. For more established companies though, it really isn't moving that quickly. A recent KPMG study of US execs said 65% said that Generative AI will have a high business impact, 60% said they're still a year or two away from implementing anything in production. Goldman Sachs CIO Marco Argenti says that have absolutely no use cases of Gen AI in production, even on the dev side where a lot of teams are seeing advantages already. So what is the conclusion? Well there is still a lot of time to figure out how you can implement it in your business, and by the time you do, with the rate some models are advancing at, it's likely to be a very different environment, so don't panic and fall for the FOMO just yet. #genai #founders #startups

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Exciting News in the AI Space! Elon Musk’s AI startup, xAI, has just raised an impressive $6 billion in a Series B funding round! This major milestone is supported by prominent investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal, and Kingdom Holding. xAI, which spun out of the social network X last year, is already making waves with its innovative AI technologies. With this new influx of capital, xAI plans to bring its groundbreaking products to market, build advanced infrastructure, and accelerate R&D efforts. Musk, known for his trailblazing ventures, aims to position xAI as a key player in the AI arena, competing with giants like OpenAI, Microsoft, and Google. The company’s commitment to developing “truthful” AI systems is noteworthy, even as it continues to refine its Grok chatbot models. This $18 billion pre-money valuation underscores the growing significance and potential of AI technologies. We’re eager to see how xAI will shape the future of AI with its ambitious vision and innovative approach. #AI #ElonMusk #TechNews #Innovation #xAI #Funding #VentureCapital #AItechnology #FutureTech

Always good to hear Kate's reflections in the Information about trends in the Valley and how excitement is still picking up on AI deals https://lnkd.in/eE7GDc_R "After Sam Altman’s sudden firing last year, I argued the chaos that followed his short-lived ouster would inject a healthy dose of caution into venture investments in artificial intelligence companies.... "I forgot that everyone in Silicon Valley suffers from short-term memory loss. After a week sipping boxed water with venture capitalists from South Park to Sand Hill Road, I’m convinced I called the end of the AI frenzy far too soon.  In fact, I expect this year will deliver more cash into the hands of US AI startups than last year, when those companies raised a total of $63 billion, according to PitchBook data." And California, as the Economist notes in this week's issue, "has no serious rival in generative artificial intelligence (AI), a breakthrough technology that has caused a bull market in American stocks, and which many hope will power a global productivity surge. "Almost all big AI startups have their headquarters in the Bay Area, which includes San Francisco and Silicon Valley (largely based in Santa Clara County, to the south). OpenAI is there, of course; so are Anthropic, Databricks and Scale AI. "Tech giants, including Meta and Microsoft, are also spending heavily on AI."  https://lnkd.in/eWMDcRq6 It is clear the combination of corporate cash - ~80% of all venture deal in AI by value last year included CVCs, according to Pitchbook - and insights/talent is helping the startups and they are just as quickly setting up corporate venturing units H/T Ian, Andrew, Dennis to try and keep up and build the ecosystem heaving learned from the prior waves. However, in this regard, US startups' CVC approaches are light years behind the best Chinese peers, such as Bytedance, the world's most valuable private company, and one of the most sophisticated in corporate venturing, as researchers have found file:///Users/jamesmawson1/Downloads/jrfm-14-00203-v2.pdf The Global AI Council co-chaired by Jeff and George has been leading the insights and the main tech corporations will be uniquely gathered next month at the #GCVISummit to pick up the deals and activity that is driving the world forward - the event thanks to Christina's programming and the GCV team is almost sold out again so for the final few tickets go to www.gcvisummit.com or contact Zowie zfort@globalventuring.com H/T Jonathan, Jay Eum, Mathew Hein, Michelle Gonzalez, Quinn Li, Nagraj Kashyap, Andrew Ng, Eric Buatois, Nicole Quinn, Ryan Lewis, Sameer Kenkare 🚀, Phoebe Wang, Todd Stavish, Bill, Tushar Gupta, Anima Anandkumar, Renee Y., Eileen Tanghal, Keith Strier

Which AI companies will see downrounds, implosions or acquisitions in the next year, and which will survive the potential AI startup apocalypse?

🤖 Surprised or not? According to Crunchbase, more than 1 in 4 dollars invested in US startups went into AI-related ventures at some point in the previous year. Despite a general downturn in startup investments, AI remains resilient and continues to trend upward. One key factor driving this trend is AI's versatility across industries. We can see multiple interesting use cases, be it in real estate, fintech, biotech, and beyond. Amid the growing adoption of artificial intelligence, leveraging AI to thrive in the digital age becomes essential. Listen to your FOMO and start looking for the next big thing for your business. Let's follow the trend and explore together all the new possibilities AI offers advertising agencies and marketing departments. 🚀 #ArtificialIntelligence #StartupInvestment #TechTrends