From TechCrunch
By Kyle Wiggers
November 29, 2023
Generative AI companies continue to raise huge amounts of capital to fuel their commercial — and, in some cases, open source — ambitions. See Together, a startup creating open source generative AI and AI model dev infrastructure, which today announced that it closed a $102.5 million Series A funding round led by Kleiner Perkins with […]
© 2023 TechCrunch. All rights reserved. For personal use only.
AWS launches $100M program to fund generative AI initiatives
Amazon, keen to avoid being left behind in the hyper-competitive AI race, is launching a new program to bolster startup companies and organizations focused on generative AI. Called the AWS Generative AI Innovation Center, the program will put $100 million toward connecting AWS-affiliated data scientists, strategists, engineers and solutions architects with customers and partners to […]
Jun 22, 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
Investments in generative AI startups topped $3.9B in Q3 2024
Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $6.6 billion round.) And $2.9 billion of that funding went to U.S.-based companies across 127 deals. Some of the biggest winners in Q3 were coding assistant Magic ($320 million in August), enterprise search provider Gle
Oct 20, 2024
Runway, a startup building generative AI for content creators, raises $141M
It’s a big day for generative AI funding. On the heels of Inflection AI landing a $1.3 billion investment, Runway, a startup building generative AI tools for multimedia content creators, today announced a $141 million extension to its Series C round from Google, Nvidia and Salesforce, among others. Building on the Series C the company […]
Jun 29, 2023