Tag: Funding

Second round of seed grants awarded to MIT scholars studying the impact and applications of generative AI

Last summer, MIT President Sally Kornbluth and Provost Cynthia Barnhart issued a call for papers to “articulate effective roadmaps, policy recommendations, and calls for action across the broad domain of generative AI.” The response to the call far exceeded expectations with 75 proposals submitted. Of those, 27 proposals were selected for seed funding. In light […]

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Observe raises $115M from Sutter Hill, Snowflake Ventures to supercharge data cloud observability 

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. Today, San Mateo-based Observe, a startup taking a data-centric approach to application observability, announced it has raised $115 million in a series B […]

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Observe raises $115M from Sutter Hill, Snowflake Ventures to supercharge data cloud observability 

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here. Today, San Mateo-based Observe, a startup taking a data-centric approach to application observability, announced it has raised $115 million in a series B […]

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Five MIT faculty members take on Cancer Grand Challenges

Cancer Grand Challenges recently announced five winning teams for 2024, which included five researchers from MIT: Michael Birnbaum, Regina Barzilay, Brandon DeKosky, Seychelle Vos, and Ömer Yilmaz. Each team is made up of interdisciplinary cancer researchers from across the globe and will be awarded $25 million over five years.  Birnbaum, an associate professor in the […]

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Databricks invests in Mistral and brings its AI models to data intelligence platform

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Today, Databricks, the fast growing data infrastructure company led by Ali Ghodsi, announced a partnership with Paris-based Mistral, the well-funded startup that’s made waves in the global AI community with its growing family of highly-performant […]

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Brain Jar Games raises $6.7M for debut title Dead as Disco

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Brain Jar Games announced today that is has raised $6.7 million in its seed round of funding. The new studio plans to put the funds towards the development of its debut title, […]

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k-ID launches global kids compliance platform off $5.4M raised

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  k-ID, a kids safety and compliance technology platform for games, is launching its first suite of products. Rather than manually managing data and privacy regulations, game publishers and developers can leverage k-ID […]

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Eight from MIT named 2024 Sloan Research Fellows

Eight members of the MIT faculty are among 126 early-career researchers honored with 2024 Sloan Research Fellowships by the Alfred P. Sloan Foundation. Representing the departments of Chemistry, Electrical Engineering and Computer Science, and Physics, and the MIT Sloan School of Management, the awardees will receive a two-year, $75,000 fellowship to advance their research. “Sloan […]

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Generative AI for smart grid modeling

MIT’s Laboratory for Information and Decision Systems (LIDS) has been awarded $1,365,000 in funding from the Appalachian Regional Commission (ARC) to support its involvement with an innovative project, “Forming the Smart Grid Deployment Consortium (SGDC) and Expanding the HILLTOP+ Platform.” The grant was made available through ARC’s Appalachian Regional Initiative for Stronger Economies, which fosters […]

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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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