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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
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 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
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