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AI chip startup d-Matrix raises $110 million in funding from Temasek, Microsoft, others

Economic Times

Economic Times · 1y ago

AI chip startup d-Matrix raises $110 million in funding from Temasek, Microsoft, others

Silicon Valley-based AI chip startup d-Matrix secured $110 million in funding, with Microsoft among the investors. The Series B round, led by Temasek, supports d-Matrix's chip technology, designed for efficient generative AI applications. Differentiating from Nvidia, d-Matrix focuses on AI inference processing, aiming to deliver lower latency and reduced energy consumption. Microsoft plans to evaluate the chips for its use. d-Matrix anticipates generating $70-75 million in annual revenue within two years.

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Rivos raises $250 million to develop RISC-V AI chips

Economic Times

Economic Times · 1y ago

Rivos raises $250 million to develop RISC-V AI chips

Rivos, a chip startup, has raised $250 million in funding to manufacture its first server chip for AI. It aims to compete against Nvidia, which dominates the AI computing market. Rivos plans to design chips based on the RISC-V architecture, an open-source alternative to Arm, Intel, and AMD architectures. This strategy eliminates the need for licensing fees. The company is developing a server chip optimized for language models and data analytics, with a focus on software-first approach. Major investors in Rivos include Matrix Capital Management, Intel, MediaTek, and Dell Technologies.

Bhavish Aggarwal’s AI startup raises $24 Mn debt from Matrix

Entrackr

Entrackr · 1y ago

Bhavish Aggarwal’s AI startup raises $24 Mn debt from Matrix

Bhavish Aggarwal, co-founder of Ola, has secured a $24 million debt funding for his AI startup Krutrim SI Designs from Matrix Partners. The company plans to issue debentures worth Rs 197 crore ($24 million) to raise funds, with potential investments of up to $100 million. Krutrim SI Designs will likely assist Ola Electric in developing and supporting its operations. The AI sector has gained significant interest, with India also focusing on chip production to capitalize on the AI trend.

Generative AI startup AI21 Labs raises $155M at a $1.4B valuation

TechCrunch · 1y ago

Generative AI startup AI21 Labs raises $155M at a $1.4B valuation

AI21 Labs, an Israeli startup, has raised $155 million in a Series C funding round led by Walden Catalyst, bringing its total funding to $283 million. The company's flagship product is AI21 Studio, a developer platform for building custom text-based business apps using its proprietary text-generating AI models. The company also offers Wordtune, a multilingual reading and writing AI assistant. AI21 Labs competes with companies like Google, AWS, Microsoft, and OpenAI in the generative AI space. The new funding will be used for R&D and expanding the company's workforce.

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Money Control

Money Control · 1y ago

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Atomicwork, a B2B SaaS startup, has secured $11 million in seed funding led by Matrix Partners and Blume Ventures. Despite the challenging funding environment in India and the US, the round also saw participation from Storm Ventures, Neon Fund, and notable angel investors. Atomicwork plans to use the funds for product development, engineering, and marketing. The company offers an employee success solution that leverages AI and conversational intelligence to simplify interactions with collaboration tools like Slack and Microsoft Teams.

Israeli cyber startup Noma Security raises $100 million in private funding round - The Economic Times

Economic Times

Economic Times · 8d ago

Israeli cyber startup Noma Security raises $100 million in private funding round - The Economic Times

Israeli cybersecurity startup Noma Security has secured $100 million in a private funding round, increasing its total funds to $132 million. The company focuses on safeguarding enterprise data and AI models against AI agents. The funds, led by Evolution Equity Partners and others, will bolster its operations and R&D in North America, Europe, the Middle East, Africa, and Tel Aviv. This reflects the active funding and acquisition landscape in Israel's cybersecurity sector amid rising cyberattack threats.

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

Inc42 · 8m ago

SarvaGram Bags INR 565 Cr To Expand Its Lending Play

SarvaGram, a lending tech startup, has raised INR 565 Crores ($67 million) in a Series D funding round led by Peak XV Partners. Existing shareholders, including Temasek, Elevar Equity, TVS Capital, and Elevation Capital, also participated in the round. The funding brings SarvaGram's total funding to INR 950 Crores.

AI accounting startup Rillet raises $70 million in Andreessen Horowitz-led round - The Economic Times

Economic Times

Economic Times · 2d ago

AI accounting startup Rillet raises $70 million in Andreessen Horowitz-led round - The Economic Times

Rillet, an AI-driven accounting software startup, secured $70 million in funding led by Andreessen Horowitz and Iconiq, aiming to challenge Oracle and Microsoft in the industry. This Series B round, joined by Sequoia and others, values the company at approximately $500 million, raising its total funding to over $100 million. Founded by Nicolas Kopp, Rillet's software automates accounting tasks, increasing efficiency. The new funds will enhance platform development and expand the team.

Israeli quantum computing firm Classiq raises $110 million in private funding

Economic Times

Economic Times · 2m ago

Israeli quantum computing firm Classiq raises $110 million in private funding

Israeli quantum computing firm Classiq raised $110 million in a funding round led by Entree Capital, increasing its total fundraising to $173 million. Founded in 2020, Classiq is rapidly expanding its customer base, collaborating with major firms like BMW and Microsoft. The startup aims to become a leader in quantum computing software, which promises revolutionary advancements. The sector is attracting significant investments, with tech giants like Google and Amazon entering the arena.

Mintifi In Talks To Raise $100 Mn From OTPP, Bain Capital & Others In Fresh Funding

Inc42 · 11m ago

Mintifi In Talks To Raise $100 Mn From OTPP, Bain Capital & Others In Fresh Funding

Mintifi, a B2B lending platform targeting small and medium enterprises (SMEs), has attracted at least 20 investors interested in participating in its $100 million funding round. The startup had previously raised $110 million in its Series D funding round led by Premji Invest in March 2020. Mintifi, founded in 2017, offers payment solutions, invoicing, and customized financing solutions for SMEs.

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Economic Times

Economic Times · 15d ago

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Netrasemi, a Kerala-based semiconductor startup, raised Rs 107 crore from Zoho Corporation and Unicorn India Ventures. Founded in 2020, the company develops edge AI system-on-chip (SoC) circuits for IoT applications, focusing on local data processing. Currently in its R&D phase, Netrasemi aims to launch its product by 2026. The funding will enhance R&D and manufacturing capabilities. Zoho supports the venture for its potential in domestic innovation and global product competitiveness.

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