Tag: Funding

Exclusive: VectorShift raises $3M to modularize LLM application development

Today, VectorShift, a startup working to simplify large language model (LLM) application development with a modular no-code approach, announced it has raised $3 million in seed funding from 1984 Ventures, Defy.vc, Formus Capital and Y Combinator.  The New York-based startup was founded by Harvard alumni Alex Leonardi and Albert Mao. VectorShift provides enterprises with an […]

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MIT Solve announces 2024 Global Challenges and Indigenous Communities Fellowship

The driving mission of MIT Solve is inviting new voices and proposed solutions to world problems as a way to achieve a more sustainable and equitable future for all. To that end, Solve recently announced the 2024 Global Challenges and the Indigenous Communities Fellowship to help find and scale the best.  Solve invites anyone from […]

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LangChain lands $25M round, launches platform to support entire LLM application lifecycle

Today, LangChain, the startup facilitating the development of large language model (LLM) apps with its open-source framework, announced it has raised $25 million in a series A round, led by Sequoia Capital. The company also said it is launching LangSmith, its first paid LLMOps product for general availability. Designed as an all-in-one platform, LangSmith allows […]

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A passion for innovation and education

Imagine you were planning a trek across Death Valley. Would you be better off setting out on foot with just a bottle of water in your hand, or in a vehicle loaded with supplies and a full tank of gas? That’s one of the metaphors Leon Sandler uses to describe the work of the Deshpande […]

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Ex-Twilio VP launches Zocks, an AI that pulls structured data from free-flowing conversations

Today, Zocks, a startup looking to make working with complex information easier, emerged from stealth with $5.5 million in seed funding from Light Speed Venture Partners. Founded by ex-Twilio VP Mark Gilbert, the company has developed an AI assistant that uses the power of language models to pull structured data out from free-flowing conversations. The […]

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Rasa lands $30M to supercharge customer service with generative AI assistants

San Francisco-based Rasa, a startup working to streamline enterprise customer service with generative AI, has raised $30 million in a series C round of funding, co-led by StepStone Group and PayPal Ventures. Andreessen Horowitz (a16z), Accel and Basis Set Ventures also participated in the funding round. Rasa has seen steady growth with its technology over […]

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Games corporate and VC funding falls 75% to $2.7B in 2023 | InvestGame

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Private funding and M&A activity in the gaming industry slowed to a crawl in 2023 according to InvestGame’s latest report. Games VC funding in 2023 Last year, venture capital and private investments […]

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Bug bounty leader Bugcrowd reaches $1 billion valuation with latest funding

Bugcrowd, a leader in crowdsourced cybersecurity solutions, announced $102 million in new funding today, highlighting the rapid growth and mainstream adoption of leveraging ethical hackers to find vulnerabilities.  Led by General Catalyst, the latest funding values the company at over $1 billion according to sources close to the deal. This major injection of growth capital […]

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Matchingham Games Web3 spinoff Ginger Joy raises $1.26M

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Ginger Joy, the Web3 spinoff of U.K.-based mobile developer Matchingham Games, has raised £1 million ($1.26 million). The company plans to develop an ecosystem of interoperable blockchain-based mobile games with these funds. […]

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MIT-led team receives funding to pursue new treatments for metabolic disease

A team of MIT researchers will lead a $65.67 million effort, awarded by the U.S. Advanced Research Projects Agency for Health (ARPA-H), to develop ingestible devices that may one day be used to treat diabetes, obesity, and other conditions through oral delivery of mRNA. Such devices could potentially be deployed for needle-free delivery of mRNA […]

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MIT Press’s Direct to Open opens access to full list of 2024 monographs

Now in its third year of operation, the MIT Press’ Direct to Open (D2O) recently announced that it reached its full funding goal in 2024 and will open access to 79 new monographs and edited book collections this year.  Launched in 2021, D2O is an innovative sustainable framework for open-access monographs that shifts publishing from […]

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Mountaintop Studios nets Shroud, Zedd and $30M in new funding round

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Mountaintop Studios closed a new $30 million funding round for its untitled tactical FPS debut and locked in several creators and celebrity angel investors. This list includes top creators shroud, tarik, iiTzTimmy, […]

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New MIT.nano equipment to accelerate innovation in “tough tech” sectors

A new set of advanced nanofabrication equipment will make MIT.nano one of the world’s most advanced research facilities in microelectronics and related technologies, unlocking new opportunities for experimentation and widening the path for promising inventions to become impactful new products. The equipment, provided by Applied Materials, will significantly expand MIT.nano’s nanofabrication capabilities, making them compatible […]

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MIT, Applied Materials, and the Northeast Microelectronics Coalition Hub to bring 200mm advanced research capabilities to MIT.nano

The following is a joint announcement from MIT and Applied Materials, Inc. MIT and Applied Materials, Inc., announced an agreement today that, together with a grant to MIT from the Northeast Microelectronics Coalition (NEMC) Hub, commits more than $40 million of estimated private and public investment to add advanced nano-fabrication equipment and capabilities to MIT.nano, […]

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AI voice startup ElevenLabs lands $80M round, launches marketplace of cloned voices

Within just two years of its inception, ElevenLabs, the AI voice startup founded by former Google and Palantir employees, has hit the unicorn status. The company today announced it has raised $80 million in a series B round of funding, growing its valuation ten-fold to $1.1 billion. The investment has been co-led by existing investors […]

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AI graphic design tool Recraft gets $12M to launch a foundation model

London-based Recraft, a startup offering brands an AI-powered graphic design generator, today announced it has raised $12 million in a series A round of funding. The investment has been co-led by Khosla Ventures and former GitHub CEO Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil and other angels. Founded […]

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Build a Rocket Boy raises $110M to launch Everywhere and UGC tools

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Build a Rocket Boy announced today that it has closed its Series D fundraising round, in which it raised over $110 million. According to the studio, it plans to use that funding […]

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Tokyo startup Sakana AI lands $30M to forge new path with compact AI models

Sakana AI, a Tokyo-based artificial intelligence startup co-founded by two notable ex-Google engineers, announced today that it has raised $30 million in seed funding from high-profile technology investors. The young company, founded just last year, aims to take a different approach to AI by developing smaller, more efficient models inspired by nature.  The seed round […]

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1X, robotic startup backed by OpenAI, receives $100M in funding

Join leaders in San Francisco on January 10 for an exclusive night of networking, insights, and conversation. Request an invite here. 1X Technologies, a Norwegian startup robotics startup backed by OpenAI, among others, today announced it has raised $100 million in its series B round of funding from a long list of other big names, […]

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Shell joins MIT.nano Consortium

MIT.nano has announced that Shell, a global group of energy and petrochemical companies, has joined the MIT.nano Consortium. “With an international perspective on the world’s energy challenges, Shell is an exciting addition to the MIT.nano Consortium,” says Vladimir Bulović, the founding faculty director of MIT.nano and the Fariborz Maseeh (1990) Professor of Emerging Technologies. “The […]

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Nabla, the AI copilot for doctors, nets $24M to transform medical consultations

Join leaders in San Francisco on January 10 for an exclusive night of networking, insights, and conversation. Request an invite here. Nabla, a French startup building an AI copilot to accelerate how doctors work with patients, today announced it has raised $24 million in a series B round of funding. The investment comes from Cathay […]

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Nashville-based Phosphorus gets $27M to build out its xIoT security solutions

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. Nashville-based Phosphorus Cybersecurity Inc., which offers security and device management for the so-called “extended” Internet of Things (xIoT) today announced a $27 million funding round, spearheaded by Evolution Equity Partners. […]

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Have a good idea for an AI startup? OpenAI wants to give you $1 million

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. ChatGPT-maker OpenAI is opening the door to prospective startup founders — even those without any prior AI experience or who don’t even use OpenAI products and services — to apply […]

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Braintrust Data wants to make enterprise AI better with faster evaluations 

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. California-based Braintrust Data, a startup helping enterprises build and improve AI at speed and scale, today announced it has raised $5.1 million in a seed round of funding, led by […]

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Allstar raises $12M to scale gaming content creation platform

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Allstar has raised $12 million in Series A funding to scale its gaming content creation studio and platform. The company’s cloud technology allows gamers to create high-quality, sharable videos on any hardware. […]

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MIT’s Science Policy Initiative holds 13th annual Executive Visit Days

From Oct. 23-24, a delegation consisting of 21 MIT students, one MIT postdoc, and four students from the University of the District of Columbia met in Washington for the MIT Science Policy Initiative’s Executive Visit Days (ExVD). Now in its 13th cycle, this trip offers a platform where university students and young researchers can connect […]

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Expanso nets $7.5M to pioneer distributed data processing for enterprises

Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here. Data is the lifeblood of modern businesses but mobilizing it is far from easy. Companies have to go through a lot of steps just to make sure they are getting […]

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Gene-Wei Li and Michael Birnbaum named Pew Innovation Fund investigators

MIT professors Gene-Wei Li and Michael Birnbaum are among the 12 researchers named 2023 Innovation Fund investigators by The Pew Charitable Trusts. Six pairs of scientists — alumni or advisors of Pew’s biomedical programs in the United States and Latin America — will partner on interdisciplinary research in human biology and disease. A biophysicist, Gene-Wei […]

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At MIT, used books help enable public service

On a hot September day, members of the MIT community and neighbors in Cambridge, Massachusetts, marked the beginning of the academic year by attending a used book sale in the Kendall/MIT Open Space. Selections ranged from children’s books to coffee-table showpieces, and everything in between. With multiple tables filled to the brim with donated books, […]

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ServiceNow doubles down on customer experience with Catalyst investment

VentureBeat presents: AI Unleashed – An exclusive executive event for enterprise data leaders. Network and learn with industry peers. Learn More New York-based Catalyst, a startup providing enterprises with an intelligence layer for customer retention and growth, today received a strategic investment from ServiceNow Ventures, the venture capital arm of enterprise automation major ServiceNow. While […]

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J-PAL North America and Results for America announce 18 collaborations with state and local governments

J-PAL North America and Results for America have announced 18 new partnerships with state and local governments across the country through their Leveraging Evidence and Evaluation for Equitable Recovery (LEVER) programming, which launched in April of this year.  As state and local leaders leverage federal relief funding to invest in their communities, J-PAL North America […]

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