New Ai Drug Discovery Powerhouse Xaira Rises With $1B In Funding
New AI drug discovery powerhouse Xaira rises with $1B in funding
aarmstrong
Tue, 04/23/2024 - 21:15.:
If you asked an AI to generate a brand-new drug discovery biotech with a team of some of the biggest names in the biz for you, it couldn’t dream up one like Xaira Therapeutics. The company emerged Tuesday with $1 billion in committed funding—that’s billion with a B—incubated by ARCH Venture Partners and Foresite Labs, with none-other than Marc Tessier-Lavigne, former chief scientific officer at Genentech, at the helm.
Ai Startup Prime Intellect Raises $5.5M To Build High-powered, Decentralized Research Platform | Fortune
Prime Intellect announced a seed raise to help launch a decentralized platform on which researchers can collaborate and build open-source AI models.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Three Core Lessons Scaling Freshworks To A $5.2bn Market Cap | Biggest Product And Pricing Lessons From Scaling To $597M In Arr | How India Can Compete Globally In Tech And Ai With Girish Mathrubootham, Co-founder @ Freshworks
Girish Mathrubootham is the founder and CEO of Freshworks, India’s first SaaS company to list on NASDAQ. Today, Freshworks has over $596M in ARR with a $5.27BN market cap, with investors like Accel Partners, Sequoia Capital, Tiger Global Management, and CapitalG. Girish is also a founding member of SaaSBOOMi, Asia’s largest community of founders and product builders, and has invested in over 60 startups. On top of that, Girish is also the Founder of Together Fund, a $150M fund focusing on Indian B2B companies going global from day 1.
The Ai Hype Bubble Is Deflating. Now Comes The Hard Part.
The tech industry got the world’s attention with AI. Now it’s busy convincing people to pay for it. :
SAN FRANCISCO – Last June, Inflection AI was riding high. The artificial intelligence startup founded by veterans of Google’s famous DeepMind AI lab had just raised $1.3 billion from Microsoft and tech billionaires Bill Gates, Reid Hoffman and Eric Schmidt to build out its chatbot business. The OpenAI logo is seen on a mobile phone in front of a computer screen which displays output from ChatGPT, March 21, 2023, in Boston.
Startup Rivos Raises $250M To Develop Risc-v Ai Chips - Cna
FILE PHOTO: Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80 per cent market share of AI chips in 2023.
Startup Rivos Raises $250M To Develop Risc-v Ai Chips, Telecom News, Et Telecom
"RISC-V doesn't have a (large) software ecosystem, so I decided to form a company and then build software-defined hardware - just like what CUDA did with Nvidia," said Lip-Bu Tan, founding managing partner at Walden Catalyst, one of Rivos' investors.
The Hunt Is On For Ai Synergies In Private Equity Portfolio Companies
It’s not news that private equity firms act as technology strategists and guides to foster synergies...:
It’s not news that private equity firms act as technology strategists and guides to foster synergies between the companies in their portfolio. In 2024, their focus is on AI-enabled synergies within the portfolio. In this article, Drake Paulson, VP of Client
Experience and Partnerships at Anduin Transactions, analyzes how the initiatives of synergies and AI-enabled transformation intersect in 2024, and can increase fund returns. The ceiling for return on investment from AI is unknown—but it’s expected to be astounding.
Iitians-founded Ai Startup Pinegap.ai Raises $2.5M
New Delhi, Apr 15 (IANS): AI SaaS startup PineGap.ai on Monday said it has raised $2.5 million in its seed round led by US-based investors SVQuad and Inventus Capital to strengthen its equity research platform. Co-Founded by IIT-BHU graduates Deepak Sharma and Ankit Varmani, the startup said the raised funds will....
Scb 10x Invests In Guardrails Ai Round
SCB 10X, the disruptive technology investment arm of SCB X Group, has announced its participation in the US$7.5 million seed funding round for Guardrails AI, a San Francisco-based artificial intelligence (AI) assurance company.
Scb 10x Invests In Guardrails Ai Round
SCB 10X, the disruptive technology investment arm of SCB X Group, has announced its participation in the US$7.5 million seed funding round for Guardrails AI, a San Francisco-based artificial intelligence (AI) assurance company.