Here are some insane AI funding rounds that you absolutely cannot afford to miss out on in 2023. These deals are making huge waves in the tech world and showcasing just how powerful AI can be.
First up, we have Inflection AI, co-founded by some serious heavy hitters in the industry. We’re talking about Reid Hoffman, the co-founder of LinkedIn, and Mustafa Suleyman, a co-founder of Google DeepMind. Together, they’ve created a chatbot called Pi that runs on their state-of-the-art Inflection-1 AI model. Pi is no ordinary chatbot, my friends. It can be your coach, your confidante, your creative partner, your sounding board, and even your personal assistant. This company recently closed a mind-blowing funding round that included big players like Microsoft, Bill Gates, Eric Schmidt, and AI chipmaker Nvidia. And get this, it valued the company at a staggering $4 billion!
Next on the list is Abound, a UK-based open banking start-up that’s injecting some serious AI power into the financial world. They’ve developed a personal lending platform that leverages artificial intelligence and open banking to provide borrowers with more accurate and affordable loans. By using AI to assess a customer’s complete financial picture, Abound claims to offer better interest rates. And guess what? They recently closed a funding round that raked in a whopping $601 million! Not too shabby for a banking start-up, right?
Now let’s talk about Anthropic, one of the big boys in the OpenAI arena. Founded by seasoned veterans of the company, Anthropic has developed its own large language model and a chatbot named Claude. These guys are pulling in some serious cash, with not one, but two separate funding rounds this year. The first round brought in a cool $450 million led by Spark Capital, Google, Salesforce, and Zoom. And in August, they scored another $100 million from South Korean mobile carrier SK Telecom. To top it off, they’ve also received an investment from German software giant SAP. We’re talking serious money here, and the company is sitting pretty with a valuation of over $4 billion.
SandboxAQ is not your average start-up. Nope, these guys are diving headfirst into AI and quantum computing. As a spin-off from Alphabet, they’ve got some serious clout behind them. And guess who’s backing them? None other than former Google boss Eric Schmidt, who also happens to be their chairman. They’ve got some heavy hitters on their investor list too, including Salesforce founder Marc Benioff’s TIME Ventures, T. Rowe Price, and Breyer Capital. What SandboxAQ does is truly mind-blowing. They combine quantum sensors with advanced AI, unlocking previously unimaginable insights in navigation, medical devices, imaging, and other critical areas. They’ve even got cybersecurity applications that let organizations scan their networks for outdated cryptography. Oh, and they sell simulation software to accelerate the development of drugs and materials. Impressive, right?
Adept AI is taking a slightly different approach to AI. Instead of replacing humans, they want to train AI to work alongside humans and help them become even better at using their computers and software. Imagine being able to give plain-language instructions and having AI carry them out on your behalf. Well, that’s exactly what Adept AI is working on. They raised a whopping $350 million in funding, led by General Catalyst and Spark Capital. Atlassian Ventures from Down Under also joined in on the action, alongside big names like Microsoft, Nvidia, and Workday Ventures.
But wait, there’s more! This year has seen some other major deals in the AI space. Cohere, a Canadian start-up, pulled in $270 million at a valuation of $2.2 billion. Builder.AI got a cool $250 million in a round led by the Qatar Investment Authority. Hugging Face raised an impressive $235 million with heavyweights like Google, Amazon, Nvidia, and Salesforce joining in. Genesis Therapeutics, dedicated to creating breakthrough medicines using AI, secured $200 million, with Andreessen Horowitz and BlackRock leading the charge. And let’s not forget about Amelia, the customer service and corporate chatbot maker based in New York. They snagged a sweet $175 million investment from BuildGroup and Monroe Capital. Asimov, a synthetic biology company that applies AI to genetic design, also made headlines with a $175 million Series B round led by the Canada Pension Plan Investment Board.
These are just a few examples of the mind-blowing AI funding rounds happening in 2023. The AI revolution is in full swing, and these companies are leading the charge. So keep your eyes peeled, folks, because the future is here, and it’s powered by artificial intelligence.
