Defence AI startup Helsing breaks the record for European AI, raising a $223M Series B

September 14, 2023
Helsing, a ‘Defence AI’ startup backed by Spotify founder Daniel Ek which had previosuly raised €102.5 million, has today pulled in another €209 million ($223 million) in a Series B funding round led by General Catalyst. Swedish heavy industry and defence group Saab is joining as a strategic investor, deepening what was previously an existing […]

Pixis, an AI-powered full-stack marketing platform, raises $85M

September 14, 2023
Pixis, an AI-powered platform for brands to monitor and orchestrate their marketing campaigns, today announced that it raised $85 million in a Series C1 round led by Touring Capital with participation from Grupo Carso, General Atlantic, Celesta Capital and Chiratae Ventures. The funding brings Pixis’ total raised to $209 million, and comes at a time […]

Patronus AI conjures up an LLM evaluation tool for regulated industries

September 14, 2023
It turns out that when you put together two AI experts, both of whom formerly worked at Meta researching responsible AI, magic happens. The founders of Patronus AI came together last March to build a solution to evaluate and test large language models with an eye towards regulated industries where there is little tolerance for […]

Databricks raises $500M more, boosting valuation to $43B despite late-stage gloom

September 14, 2023
Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. This round sticks out, particularly as many late-stage startups are seeing their valuations being slashed amid a wider funding slowdown. Databricks last raised $1.6 billion in August of 2021 at a […]

Smart display company Hearth Display raises $4.6M additional funding

September 14, 2023
Hearth Display, a hardware company making digital whiteboards for family task management, has raised $4.6 million in additional funding. The round, which is a bridge round, has a mix of existing and new investors including Female Founders Fund, Stellation Capital, Sweater Ventures, Behind Genius Ventures, an SPV led by Golden Hour Ventures and Dream Ventures, […]

The Download: climate heroes, and a new way to track diseases

September 14, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Meet the climate innovators of tomorrow A lot of bright minds are working on solutions to climate change. You can find some of them in the latest edition of our annual 35 Innovators…

OpenAI to open its first EU office as it readies for regulatory hurdles

September 14, 2023
OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which has emerged as almost a second […]