OpenAI, the creator of ChatGPT, could be in talks to raise a massive tranche of cash. The Wall Street Journal reports that OpenAI may be close to closing a fundraising round led by Thrive Capital, a previous investor, that’d value the AI company at over $100 billion. That’s substantially higher than OpenAI’s previous $86 billion […]
OpenAI reportedly in talks to close a new funding round at $100B+ valuation Read More »
San Francisco-based data infrastructure startup Cribl has raised $319 million in a Series E funding tranche led by new investor GV (Alphabet’s corporate venture arm) with participation from GIC, CapitalG, IVP and CRV. Bringing Cribl’s total raised to $600 million, the cash injection values the company at $3.5 billion — up around 40% from Cribl’s
Data infrastructure startup Cribl raises $319M at a $3.5B valuation Read More »
Legal work is incredibly labor- and time-intensive, requiring piecing together cases from vast amounts of evidence. That’s driving some firms to pilot AI to streamline certain steps; according to a 2023 survey by the American Bar Association, 35% of law firms now use AI tools in their practice. OpenAI-backed Harvey is among the big winners
Supio brings generative AI to personal injury cases Read More »
Companies don’t necessarily have to produce breakthrough technology to gain market traction. Undercutting rivals on price can be enough to make a dent in a competitive sector. So can leaning on connections to land customers in need of a timely solution to a problem. nOps is an example of this. Like countless other vendors, nOps
nOps lands $30M to optimize AWS customers’ cloud spend Read More »
Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a
The AI industry continues to release tons of new models, and companies looking to stay competitive are racing to adopt them for their purposes. In fact, nearly 10% of businesses plan to spend a whopping $25 million this year on AI initiatives, according to tech consulting firm Searce. But while lots of money is being
Eppo lands new cash to grow its app, website and AI experimentation business Read More »
Code reviews — peer reviews of code that help devs improve code quality — are time-consuming. According to one source, 50% of companies spend two to five hours a week on them. Without enough people, code reviews can be overwhelming and take devs away from other important work. Harjot Gill thinks that code reviews can be
CodeRabbit raises $16M to bring AI to code reviews Read More »
EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion. EliseAI is the brainchild of co-founder and CEO Minna Song, who met the company’s second co-founder, Tony Stoyanov, while the two were undergraduate students at Cambridge.
EliseAI lands $75M for chatbots that help property managers deal with renters Read More »
Labeling and annotation platforms might not get the attention flashy new generative AI models do. But they’re essential. The data on which many models train must be labeled, or the models wouldn’t be able to interpret that data during the training process. Annotation is a vast undertaking, requiring thousands to millions of annotations for the
Encord lands new cash to grow its data labeling tools for AI Read More »
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals. It’s still growing, CFO Andy Thomson assures TechCrunch. Thomson claims that CloudPay is handling
CloudPay, a payroll services provider, lands $120M in new funding Read More »
