Tag: Startup

Contextual AI raises $20 million in seed funding to develop next generation large language models for enterprises. Their new text-generating AI technology, based on retrieval augmented generation, aims to improve reliability, compliance and governance issues in LLMs. Their focus on accuracy, reliability and traceability targets the enterprise market with a much more integrated solution. RAG technology allows LLMs to develop context-aware responses for specific business applications, with the majority of funding dedicated to product development.

Mosaic startup platform secures $26 million in Series C funding, aiming to expand their real-time planning and analytics tools. The platform allows financial insights to be shared effortlessly, and they plan to add AI capabilities to empower agile strategic finance leaders.

Check out ChatGPT Trailblazers Study 2023 to learn about 30 emerging startups exploring and pushing the boundaries of Generative AI across various applications. Gain insights into their products, venture capital activities, and expert opinions on how they're paving the way for the technology's future growth. Discover how these budding companies are creating a diverse and vibrant playground for the explosive growth of Generative AI.

Merge has launched Blueprint, an AI tool to simplify API integration for companies. Using OpenAI's GPT-3.5, Blueprint provides an easy and secure way to integrate APIs, regardless of technical knowledge. Users paste a link to the API documentation into an online form, and Blueprint translates it into a workable API definition. Co-founder Gil Feig said anyone at a company could use it and get value from it. Additionally, Merge supports more than 170 integrations across seven business categories and plans to increase it based on feedback.

Light Year AI, an AI startup founded by Meituan's co-founder Wang Huiwen, has become a unicorn by raising $230 million in just 100 days without releasing any new products. The funding round saw Source Code Capital leading with $80 million, followed by Tencent, 5Y Capital and Kuaishou founder Su Hua. The startup has positioned itself for market entry and mergers and acquisitions, contributing to its success. With the growing interest in AI technology, Light Year AI's investment journey is worth watching as it continues to evolve.