From TechCrunch
By Ingrid Lunden
November 27, 2023
A lot of the buzz these days in artificial intelligence is around generative AI and how AI is being used to accelerate software and products for consumers. Today, an AI startup called PhysicsX, co-founded by two theoretical physicists — including a Formula One engineering superstar — is emerging from stealth with a very specific focus […]
© 2023 TechCrunch. All rights reserved. For personal use only.
Typeface, which is building generative AI for brands, raises $100M at a $1B valuation
In 2022, Abhay Parasnis, the former CTO of Adobe, founded Typeface, a generative AI startup focused on enterprise use cases. With it, he hoped to leverage generative AI — which at the time was just beginning to come into vogue — to deliver personalized content for brands at scale. Typeface, thanks in part to the […]
Jun 29, 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
Osium AI uses artificial intelligence to speed up materials innovation
While everybody is trying to figure out how artificial intelligence can be leveraged across various industries, French startup Osium AI has found an interesting use cases for AI — research and development in materials science. Founded by Sarah Najmark and Luisa Bouneder, the startup raised a $2.6 million seed round from Y Combinator, Singular, Kima Ventures, […]
Nov 22, 2023
Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs
What if it were as easy to generate a usable 3D design as prompting ChatGPT? That’s the mission of Backflip, a startup founded by 3D printing veterans that’s just scored $30 million from Andreessen Horowitz, New Enterprise Associates, and a host of other big names in tech. Designing physical objects often requires hours or days of specialized work using computer-aided design software. Backflip CEO Greg Mark and CTO David Benhaim, both founders of 3D printing company Markforged, want to turn th
Dec 19, 2024