From TechCrunch
By Kyle Wiggers
November 21, 2023
One AI startup’s undoing is another’s opportunity. Case in point: today, AI21 Labs, a company developing generative AI products along the lines of OpenAI’s GPT-4 and ChatGPT, closed a $53 million extension to its previously-announced Series C funding round. The new tranche, which had participation from new investors Intel Capital and Comcast Ventures, brings AI21’s […]
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Generative AI startup AI21 Labs lands $155M at a $1.4B valuation
AI21 Labs, a Tel Aviv-based startup developing a range of text-generating AI tools, has raised $155 million in a Series C funding round led by Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and Amnon Shashua, the founder of Intel-owned Mobileye and an AI21 Labs co-founder. Google and Nvidia also participated. The tranche, which brings AI21 […]
Aug 30, 2023
Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble did not burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide raised $56 billion from VCs in 2024 across 885 deals. That raw cash total is a new record for the segment. It’s up 192% from 2023
Jan 3, 2025
Generative AI startup Writer raises $200M at a $1.9B valuation
Writer has raised $200 million at a $1.9 billion valuation to expand its enterprise-focused generative AI platform. The Series C round was co-led by Premji Invest, Radical Ventures and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures and Workday Ventures. Writer CEO May Habib says the new cash, which brings the startup’s total raised to $326 million, will be used for product development and “cementing the company’s leadership in
Nov 12, 2024
Replit, the web-based IDE developing a GitHub Copilot competitor, raises $100M
Investors continue to pump money into generative AI tech. Case in point, Replit, an IDE startup developing a code-generating AI-powered tool called Ghostwriter, this week raised nearly $100 million ($97.4 million) at a $1.16 billion post-money valuation. Andreessen Horowitz led the round — a Series B extension — with participation from Khosla Ventures, Coatue, SV […]
Apr 27, 2023
