Generative AI: The Case For Partnering With Startups

Harnessing Generative AI: A Game-Changer for Travel Startups

This includes a $405 million Series F for battery technology company Form Energy and a $400 million Series A for obesity drug developer Kailera Therapeutics. That may explain why so far this year, total funding to Massachusetts startups is down around 23% from the 2023 total. While we should see a bit of catch-up in the last few weeks of the year, it’s still shaping up as a down year. Investments in generative AI startups show no sign of decelerating — negative externalities be damned. ElevenLabs, the viral voice cloning tool, is reportedly seeking to raise funds at a $3 billion valuation, while Black Forest Labs, the company behind X’s notorious image generator, is said to be in talks for a $100 million funding round. Already, generative AI-driven demand for data center power is prolonging the life of coal-fired plants.

VPhrase offers a SaaS tool that leverages AI, machine learning and natural language processing (NLP) to help businesses derive insights from huge swathes of complex datasets. It is backed by the likes of names such as Kae Capital, Better Capital and Titan Capital as well as angel investors such as Mamaearth’s Varun Alagh as well as Harshil Mathur and Shashank Kumar of Razorpay, among others. The seed-stage SaaS platform claims to help brands build personalised campaigns and automate customer journeys across all major channels including email, SMS, as well as social media platforms. DhiWise is supported by marquee investors like Accel, AngelList India, Storm Ventures, Abhishek Deo, and Pentathlon Ventures. Avaamo is building fundamental AI technology across a broad area of neural networks, speech synthesis and deep learning to make conversational computing for businesses a reality.

Others, particularly IBM Research, have developed chips that rely on nonvolatile memories other than flash, such as phase-change memory or resistive RAM. Hence the buoyant stock prices of big tech companies and the almost feverish investor interest in startup companies at the cutting edge of data science in general and AI in particular. Citi Ventures rounds out the top 10 leading corporate venture firms investing in AI-related companies, Crunchbase data shows. Its team of 18 people are spread out across the Bay Area, New York, London, Singapore and Israel. “Coding, compliance and regulation, data quality, employee productivity, and knowledge management — those are the areas that we’ve been really thinking about,” Carbonara said.

There are also reports OpenAI rival Anthropic is looking for more cash very soon. Its proprietary platform helps businesses derive actionable analytics, build tailored assessment profiles of their workforce, and spur engagement levels. From streamlining onboarding for new hires to enhancing workforce competence, Eubrics caters to employees at all levels.

Roommates Weinberg and Gabriel Pereyra cofounded the startup in 2022 to offload legal drudgery, and their AI tech is already used by elite law firms like British barristers Allen & Overy and Macfarlanes. The startup has raised over $100 million in venture capital, $80 million of which it scooped up at a $715 million valuation in late 2023 from prominent tech investors Elad Gil, Kleiner Perkins, the OpenAI Startup Fund and Sequoia. At the NVIDIA AI Summit, taking place in Mumbai through Oct. 25, around 50 India-based startups are sharing AI innovations delivering impact in fields such as customer service, sports media, healthcare and robotics. These Inception members will be showcasing their solutions onsite in the Startup Pavilion, in panel discussions and in a startup pitch session. Startups can also attend a reverse pitch session where venture capital firms share their vision for the next wave of innovation. The startup’s state-of-the-art family of large language models (LLMs), Palmyra, power its suite of AI solutions for enterprises.

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While it’s still early days in terms of seeing swarms of autonomous agents able to handle complex tasks, given the pace at which GenAI is moving, we are likely to be much further along sooner than we think.

Anthropic is one of the top AI startups addressing AI safety and alignment, making it an attractive option for investors focused on ethical AI development. Startups are often more agile and innovative than established companies, allowing them to tackle niche markets or develop highly specialized AI solutions. In this article, we’ll explore the top AI startups to invest in, why AI is a game-changer, and what you should look for in your next AI investment. Writer also has a partner program for system integrators, consultancies and other business models, according to the vendor. CEO Karol Hausman co-founded Pi in 2024, according to his LinkedIn account. His resume includes about six years with Google, leaving the tech giant with the title of staff research scientist and robot manipulation lead at Google Brain.

Top Benefits of Software Development Consulting Services

CEO Lauren Dunford co-founded the company in 2018, according to her LinkedIn account. Her resume includes about five years with Revolution Foods, leaving the company in 2016 with the title chief of staff. After the funding round, Guidewheel pushed out product updates including an improved issues scoreboard and better waste tracking, according to the vendor. Writer, Safe Superintelligence and Physical Intelligence are among the startups to make CRN’s 10 AI Startup Companies To Watch In 2025. Writer, Safe Superintelligence and Physical Intelligence are among the startups.

“We are the only European company that is providing what we provide,” Mensch said, adding that being based in Europe brought a “lot of strengths,” such as a strong talent pool. “We have a tendency to play referee in a trillion-dollar race, but we have the strength — we just need to have the will to create in Europe.” No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT a little over two years ago — and the many competitive generative AI services that have launched since. We encourage interested and eligible startups based in North America to apply and share with your networks.

It’s up 192% from 2023, when investors poured $29.1 billion into generative AI startups across 691 deals. At Netguru we specialize in designing, building, shipping and scaling beautiful, usable products with blazing-fast efficiency. Speedy’s innovative approach learns from each client’s unique style, taking edits and adjustments into account to refine and improve the generated content over time. As a result, businesses can expect a more personalized and tailored content strategy that resonates with their target audience.

The paper cited one person familiar with the deal as saying that xAI aims to wrap up its $6 billion funding round in June, having set the wheels in motion last year. However, xAI is now reportedly “getting close” to its target, according to the person, who asked not to be identified because the details aren’t public. He said the tech was making him “50% to 60% more productive, if I’m being honest.”

• Its clients include names such as Shiprocket, Fashinza, and Dukaan, among others.
• One is US-based Costanoa Ventures, which backs startups in early stages like seed and series A rounds.
• With the enormous opportunity, enterprise generative AI startups have multiplied quickly over the past two years.
• Speedy leverages generative AI to create SEO-optimized content at an affordable price.
• No company has capitalized on the AI revolution more dramatically than Nvidia.

Going back to the customer support example, building an AI sales rep that can learn and utilize corporate intelligence and deliver valuable user interactions also means a few things. It means that you’re able to field customer requests 24/7 and not be limited to business hours, driving higher lead retention. It also means that your talented sales reps can focus on vetted leads that the AI agent sends down the funnel, having fostered enough interest for the human employees to take over and begin building a relationship.

U.S. venture funding has ticked higher this year, led by the AI investment boom. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $6.6 billion round.) And $2.9 billion of that funding went to U.S.-based companies across 127 deals. Another of his portfolio companies, TruEra, an AI quality-management software startup, was acquired by Snowflake earlier this year.

Equity funding for generative AI startups reached $2.6 billion across 110 deals. With the cash injection, Synthesia will continue to hone its existing product suite and build out its video publishing platform. “We’re also building some of our AI agents that help you in the video production process,” Riparbelli added. Riparbelli said the company’s global client base distinguishes it from other European AI companies. “Over half our revenue comes from the US, so we’ve been quite successful at building not just a regional player but a global player out of the UK,” he said. Companies like Zoom and UiPath use Synthesia’s platform to develop everything from customer service videos to corporate training clips.

Morgan Stanley estimates that, if this trend holds, global greenhouse emissions between now and 2030 could be three times higher versus if generative AI hadn’t been developed. Generative AI, a broad cross-section of technologies that includes text and image generators, coding assistants, cybersecurity automation tools, and more, has its detractors. Experts question the tech’s reliability, and — in the case of generative AI models trained on copyrighted data without permission — its legality. That is a key advantage, because access to data is essential for training high-quality large language models.

Compared to Nvidia’s 83 deals in two years (2023 and 2024), Alphabet participated in 73, while Microsoft has done 40 rounds, PitchBook data shows. Compared to conventional data center cooling methods, the startup’s NeuCool system is estimated to reduce energy use by 50%, and can deliver ten times rack power density while eliminating water consumption, it said. This could be a unique technology, a patented solution, or deep industry expertise. Look for startups that address pain points in industries with significant demand for AI solutions, such as healthcare, finance, and logistics. This reduces latency and improves performance, which is critical for IoT devices and real-time applications.

For instance, Generative AI startups rely heavily on data, so it is crucial to understand how they handle and protect sensitive information. Regularly monitor the startup’s performance and conduct periodic reviews to ensure alignment with your organization’s goals. In a context where the adoption of generative AI remains a challenge for many businesses, Mendo aims to ensure a smooth and sustainable integration of these technologies. According to a global survey by McKinsey, 65% of organizations regularly use generative AI in 2024, nearly double compared to the previous year. The same study reveals that 72% of companies worldwide are actively encouraging their employees to adopt these technologies.

Acquiring and labelling high-quality training datasets for machine learning tasks can be a cumbersome task. However, this issue becomes even more time consuming, costly and complicated when it comes to sourcing data for self-driving cars and robotics. Founded in 2023 by Vinayak Jhunjhunwala and Abhinav Das, Superjoin.ai is a codeless SaaS platform that leverages artificial intelligence (AI) to help users import live data into spreadsheets and perform actions on top of this data.

Though plenty have taken 10, 20 or more years, there are many small acquisitions in travel that are done relatively quickly as acqui-hires or strategic plays. Regardless, when thinking about exits, both entrepreneurs and investors need to plan many years ahead. But because generative artificial intelligence has the potential to be so disruptive in the coming years, planning is becoming increasingly difficult. On Wednesday, OpenAI officially announced its long-awaited $6.6 billion raise, led by Thrive Capital, at a post-money valuation of $157 billion.

In contrast, countries like the Czech Republic and Serbia are seeing declines, though there is potential for recovery by year-end. Poland stands out as a hub for AI innovation, representing 23.4% of AI startups in the CEE region. These countries are driving AI startup activity and shaping the region’s technological landscape.

The startup last raised an undisclosed amount of seed funding in March 2023. Eubrics claims to cater to the likes of Royal Enfield, Gulf, Airtel, ITC, Jindal Steel Limited, among others. In May 2023, AuraML raised $230K in a pre-seed funding round from Indian Angel Network (IAN).

Generative AI remains the buzziest space for startup funding, so it’s not surprising to see the largest fundraising recipients fall in this category. This naturally includes OpenAI, which this month raised $6.6 billion at a post-money valuation of $157 billion. With the enormous opportunity, enterprise generative AI startups have multiplied quickly over the past two years.

“This was an opportunity to be part of the next wave of folks that joined the firm,” he said, “which was exciting to me because I’m a builder.” “Growing up in the Valley, I had this in the back of my mind, and I thought that as a technical person I could do the job differently, so I began to take some calls,” he said. As a teenager, Tully used a bank of modems at his mom’s house to organize a bulletin-board system — a pre-internet computer server that other users could dial into — to host pirated video games. For Tully, one of Menlo’s key checkwriters in this space, having a background in computer science and operating experience has been necessary for evaluating AI investments.

Survey on the use of generative AI in startups in Germany in 2024 – Statista

Survey on the use of generative AI in startups in Germany in 2024.

Posted: Mon, 13 Jan 2025 08:00:00 GMT [source]

They’re defining the future of education, advancing healthcare innovation, reinventing collaboration and more. Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily. Runway is one of the top AI startups focusing on the creative industries, a growing sector in AI.

Voice for Meetings provides real-time translation in virtual meetings, while Voice for Conversations supports in-person, one-on-one translations. Voice is powered by AI models trained on data sets that include different accents and environments. The program will feature the selected startups at Cloud Next 2025 in April and culminates in June with a high profile Demo Day for potential partners, customers and investors.

Providers of tools and platforms for managing AI workloads and data are also scaling up. Databricks is the largest funding recipient in this category, with around $4 billion in equity funding to date. Mistral is one of Europe’s most valuable AI startups and the continent’s only contender that has created AI models to rival the likes of OpenAI and Anthropic. Below is a list of startups that raised rounds exceeding $100 million over the past two years where Nvidia is a named participant, organized from the highest amount to lowest raised in the round. Of course, Nvidia is not the only large tech corporation writing checks to AI startups.

This startup combines neuroscience and AI to predict consumer spending for the likes of Google and Ikea. Wondercraft wants to be the AI-driven ‘Canva of audio.’ Check out the 9-slide pitch deck it used to raise $3 million. Check out the 14-slide pitch deck Orbital Witness used to raise $9 million. The fourth quarter of 2024 has been no less busy for these outsized rounds.

SilcoFix’s proprietary technology offers its clients the option to access multiple AI models including Stable Diffusion as well as other custom models. Backed by investors such as Untapped Capital, SeaChange Fund, Pack Ventures, Array Ventures, and Upsparks Capital, the Seattle-based startup has raised $1.5 Mn in funding since inception. Another key product of the startup is its AI training module, which allows end-users to train their AI models. It caters to businesses operating in areas such as ecommerce, packaging and branding, advertising and marketing, media, and BFSI, among others.

This World Mental Health Day, learn how startups around the world are utilizing AI to scale and personalize mental healthcare. Mistral AI, a French startup valued at $6.2 billion, is led by the former Google researcher Arthur Mensch. And Canada’s Cohere, valued at $5.5 billion, is led by Aidan Gomez, also a former Google researcher.