Analysis Markets
February 09, 2023

Artificial Intelligence Fundraising Report for January

In Brief

In January, Artificial Intelligence has become one of the hottest areas in tech

Seven AI-focused startups received over $80 million from VCs and tech giants.

In the last few months, Artificial Intelligence has become one of the hottest areas in tech, with major tech giants implementing the technology into their platforms. Microsoft’s search engine Bing is now powered by OpenAI’s ChatGPT algorithm, while Google teases users with the upcoming AI-powered search engine dubbed “Bard.” However, the use cases of Artificial Intelligence do not stop here. It can be used in various fields, from skin diagnostic solutions to generative fashion design. 

The industry develops, and tech entrepreneurs introduce more AI-powered startups that resolve diverse problems. The topic becomes more of users’ and investors’ interest, and companies start getting more financial support and traction. This year started with seven fundraising rounds aimed at AI-related startups.

OpenAI, the creator of the viral artificial intelligence chatbot Chat GPT, received an undisclosed amount ranging in billions from tech giant Microsoft. The companies announced the extension of their multi-year partnership, which includes deploying OpenAI’s technology through API and Azure OpenAI Service. 

AI-powered voice company SoundHound closed $25 million in equity financing. The list of investors was not disclosed. 

Coho AI raised $8.5 million in a seed round led by TechAviv, Eight Roads, and several angel investors. The startup uses Artificial Intelligence to enable software-as-a-service companies to increase revenue. Coho AI plans to use the funds to expand the team and invest in product and development. 

Blaze, an AI-driven no-code app builder, raised $3.5 million in a pre-seed round led by Flybridge Capital and MaC Venture Capital. 

AI-powered language translator DeepL raised an undisclosed amount at a $1 billion valuation, with IVP leading the round. The company reportedly aimed to raise $125 million. Among the other participants are Bessemer Venture Partners, WiL, and Atomico. The Cologne-based startup plans to use the funds to boost research and development, build new services, and expand to cover large businesses. 

Inbenta received $40 million from Tritium Partners. The startup, which builds an AI-powered chatbot and messenger, will use the funds to expand its team and processes, along with research and development. 

Taiwanese startup Profet AI raised $5.6 million in a Series A round led by Darwin Ventures. The other participants are Jensen Capital Management, Harbinger VC, and returning investors AUO, SVTI, and Hive Ventures. Founded in 2018, the company develops auto machine learning software aimed at manufacturers. Profet AI will use the funds to expand in Japan, China, ad Southeast Asia. 

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Top 5 Liquid Restaking Protocols Built on Top of EigenLayer
Digest Markets Software Technology
Top 5 Liquid Restaking Protocols Built on Top of EigenLayer
May 17, 2024
Magic Square Unveils IDO Platform Magic Launchpad To Democratize Retail Access For Web3 Investors
Business Markets News Report
Magic Square Unveils IDO Platform Magic Launchpad To Democratize Retail Access For Web3 Investors
May 17, 2024
Binance Partners with Taiwanese Authorities to Unveil Massive $6 Million Crypto Money Laundering
Opinion Business Markets Software Technology
Binance Partners with Taiwanese Authorities to Unveil Massive $6 Million Crypto Money Laundering
May 17, 2024
Notcoin Donates $6.8M Worth Of NOT Tokens Gathered By Users To Telegram And Pavel Durov
Markets News Report Technology
Notcoin Donates $6.8M Worth Of NOT Tokens Gathered By Users To Telegram And Pavel Durov
May 17, 2024