funding

Voyage AI is building RAG tools to make AI hallucinate less

AI tends to make things up. That’s unappealing to just about anyone who uses it on a regular basis, but especially to businesses, for which fallacious results could hurt the bottom line. Half of workers responding to a recent survey from Salesforce say they worry answers from their company’s generative AI-powered systems are inaccurate. While […]

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Numa raises $32M to bring AI and automation to car dealerships

Sometimes, a pivot ends up being the smartest decision company leaders can make. See Netflix’s pivot from DVDs to streaming, or Corning’s pivot from lightbulbs to touchscreens. The list of extremely successful startup pivots goes on. And on. And on. A less-prominent (but by no means failed) pivot is Numa’s. Its co-founders killed the startup’s

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Prepared, which wants to ‘revolutionize’ emergency 911 calls, raises $27M

A company that claims its tech can “revolutionize” emergency calls has raised $27 million in a Series B round led by Andreessen Horowitz. The company, Prepared, enables 911 dispatchers to get a caller’s real-time GPS location if their phone supports it. Via Prepared, dispatchers can also receive and respond to texts and images, and —

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WhatFix raises a whopping $125M for its in-app user guides

Digital transformation — upgrading a company’s legacy apps and processes with new tech — has long been a buzzy and lucrative business. But the pandemic supercharged the market. Covid pandemic lockdowns and the widespread move to work-from-home spurred brands relying on old technology to modernize their organizations. According to Statista, worldwide spending on digital transformation

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Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately

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Torq, which automates cybersecurity workflows, raises $70M in new capital

As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year; most cited the tech’s potential to support cyber threat mitigation. Projections say that the market

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Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others

Fal.ai, a dev-focused platform for AI-generated audio, video, and images, today revealed that it’s raised $23 million in funding from investors including Andreessen Horowitz (a16z), Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas. It’s a two-round deal. $14 million of Fal’s total came from a Series A tranche led by Kindred Ventures.

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Nurture wants to teach kids important life skills through interactive gameplay and entertainment

Parents understand the challenge of keeping young kids engaged in online learning. Nurture is a new app designed for children aged 4 to 7 that features interactive content and games to capture their interest. The company’s mission is to equip children with critical life skills such as socializing, basic financial understanding, mindfulness, fitness, nutrition, and

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