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LuminX raises $5.5M to build AI vision models for warehouse operations
LuminX AI, a company that builds artificial intelligence models and hardware for warehouse inventory automation, today announced it has raised $5.5 million in a seed round to accelerate the development and deployment of its logistics solution. 1Sharpe, GTMFund, 9Yards, Chingona Ventures and the Bond Fund joined in the funding round. LuminX develops and trains advanced ...
Perplexity introduces Labs: a new tool that creates spreadsheets, dashboards and web apps
Generative artificial intelligence search startup Perplexity AI Inc. announced a new tool Thursday that allows users to produce anything from complex reports and spreadsheets, to dashboards and web apps, all backed with extensive research. The new tool, called Perplexity Labs, can take about 10 minutes or more of self-supervised work and use third-party tools such ...
Grammarly raises $1B from General Catalyst to grow its AI productivity platform
Grammarly Inc., best known for its artificial intelligence writing productivity platform, today announced it has raised $1 billion in nondilutive financing from General Catalyst to expand its offerings in a bid to grow its market dominance using AI apps and agents. This colossal funding round follows the company’s acquisition of Coda in December, a productivity ...
Chalk raises $50M at $500M valuation to empower AI inference
Chalk AI Inc., a data platform for AI inference, announced Wednesday it has raised $50 million in early-stage funding led by Felicis at a $500 million valuation to accelerate the development of its platform. Triatomic Capital participated in the Series A round alongside existing investors General Catalyst, Unusual Ventures and Xfund. The San Francisco-based company’s service ...
Memory for the machine: How vector databases power the next generation of AI assistants
When Aquant Inc. was looking to build its platform — an artificial intelligence service that supports field technicians and agents teams with an AI-powered copilot to provide personalized recommendations and support agents — it needed something that could ground its AI models with real-time knowledge. The solution: a vector database. Oded Sagie, vice president of ...
Identity security automation startup Cerby raises $40M
Cerby, an identity security automation startup that focuses on helping secure “unmanageable” and nonstandard apps that exist outside the normal enterprise framework, today announced it has raised $40 million in a new funding round. The Series B round was led by DTCP Capital with participation from existing backers including Okta Ventures, Salesforce Ventures and Two ...
New Relic strengthens software reliability with GitHub Copilot Coding Agent integration
Cloud observability platform provider New Relic Inc. today announced an integration with GitHub Copilot’s newly released agentic coding capability to provide development and operations teams faster time to incident response. New Relic says the new feature provides cutting-edge, proactive monitoring, automated issue creation, expedited code repair, validation and resolution for GitHub Copilot. Microsoft recently released ...
Stablecoin issuer Circle launches IPO on New York Stock Exchange
Circle Internet Group Inc., the company behind the second-largest stablecoin, USDC, today announced the launch of its initial public offering on the New York Stock Exchange. The IPO includes a total of 24 million shares of Class A common stock, with 9.6 million shares offered by Circle and 1.44 million offered by selling stockholders. The ...
PiLogic raises $4M to build precision AI models for space applications
California-based startup PiLogic Inc., which specializes in high precision, expert-guided artificial intelligence for the defense and space industries, announced Thursday it has raised $4 million in seed funding. Scout Ventures and Seraphim Space led the round, with participation from Sovereign’s Capital, Flex Capital, FN Fund and angel investor Gokul Rajaram. PiLogic’s platform design is building ...
Anthropic launches new frontier models: Claude Opus 4 and Sonnet 4
Large language model developer Anthropic PBC today rolled out its newest Claude 4 frontier models, starting with Opus 4 and Sonnet 4, which the company said set new standards for coding, advanced reasoning and AI agents. Opus is the company’s most powerful model yet, designed to sustain the performance of complex, long-running tasks, such that ...