AI startup Melius has raised $25 million to expand its platform for creating advertising campaigns, images and videos, after its founders abandoned their original product and rebuilt the company around AI-powered creative production. The funding includes a $20 million Series A led by CRV and a $5 million seed round led by General Catalyst. Melius…
Berlin-based startup Peec AI has reportedly surpassed $10 million in annualized revenue, marking rapid growth for one of Europe’s emerging artificial intelligence companies. According to reports, the startup more than doubled its revenue trajectory within a few months after previously reporting annualized revenue of over $4 million shortly after launching. The company recently raised a…
As global technology companies race to develop AI-powered smart glasses, South Korean startup LetinAR is focusing on one of the most important parts behind the technology — the optical lens system. The company, backed by LG Electronics, recently raised $18.5 million in new funding ahead of its planned public listing in South Korea in 2027….
Chinese artificial intelligence startup Moonshot AI has secured around $2 billion in fresh funding, pushing its valuation to approximately $20 billion as investor interest in open-source AI technology continues to rise. The Beijing-based AI company is known for developing the Kimi series of large language models, which have become increasingly popular among developers and businesses…
Today, Cerebras Systems is one of the fastest-growing names in the artificial intelligence hardware industry, supplying advanced AI chips to major technology companies including OpenAI and Amazon Web Services. However, the company’s journey to success was far from easy. According to co-founder and CEO Andrew Feldman, Cerebras came dangerously close to failure during its early…
Meridian Ventures has launched a new $35 million investment fund focused on supporting early-stage startups founded by entrepreneurs with deferred MBA backgrounds. The venture capital firm was founded by Devon Gethers and Karlton Haney, who first connected through Harvard’s deferred MBA admission program in 2020. The founders say the firm was created to challenge the…
Indian startup Pronto has attracted major investor attention after securing backing from prominent Silicon Valley investor Lachy Groom following a brief 20-minute meeting with the company’s founder. The Bengaluru-based startup received a $20 million investment as part of an extension to its Series B funding round. The latest investment reportedly values the company at around…
A new artificial intelligence startup from Sweden is attracting major attention in Europe’s growing tech industry. Pit, founded by former executives and engineers from companies including Voi, Klarna, and iZettle, has secured strong investor backing as it positions itself in the enterprise AI market. The Stockholm-based startup recently raised $16 million in seed funding led…
