DeepCure recently secured $24 million in a Series A-1 funding round led by IAG Capital Partners and backed by its existing investors. DeepCure seeks to leverage its Molecular Foundry to shorten the times for the drug development cycle without sacrificing novelty and diversity.
Scavenger AI announced a successful 1.1 million EUR pre-seed funding round led by HTGF and backed by Calm/Storm Ventures, Femventix, and the B4i Fund. The secured funds will enable Scavenger AI to grow its team and infrastructure, as well as launch its AI-powered software solution.
Gilion secured €10 million in equity after a substantial growth increase during 2023. Gilion's proprietary engine delivers access and insights into tech companies' historical and future performance as a basis for the company to provide non-dilutive loans to growth-stage companies.
Onum announced its successful $28 million Series A funding round that will accelerate key talent hires, product development, and global expansion. Onum automatically ensures that only the most valuable enterprise data gets sent to analytics platforms, cutting costs, and optimizing time to value.
Intel unveiled the Gaudi 3 AI accelerator at its Intel Vision event in Phoenix Arizona this Tuesday. Results show that it requires shorter training, performs significantly better at Llama and Falcon models inference, and is more energy efficient than NVIDIA's H100.
The leading data security company Cyera recently announced its $300 million Series C funding round led by Coatue and supported by new and existing investors. In parallel, the company also announced the appointment of Jason Clark, advisor to the company and VC at Cyberstarts.
Multiverse, an ed-tech platform helping organizations close their skills gaps by creating an apprenticeship suited to the current job market, acquired Searchlight. Founded by Anna and Kerry Wang, Searchlight built custom data pipelines and ethical AI models to match talent to the right positions.
In a recently held special event in London, Meta confirmed that the next generation of its Llama family of LLMs would begin rollout very soon. The company also expects to power several of its products with the Llama 3 models.
AMD announced the newest generation of its Versal Series Devices. The Versal AI Edge Series Gen 2 is aimed toward AI-driven embedded systems. The AMD Versal Prime Series Gen 2 is geared towards powering traditional embedded systems such as industrial PCs and flight computers.
Leash Biosciences announced the completion of an oversubscribed $9.3 million seed funding round that will enable scaling its data collection and computing capabilities. In parallel, it announced the inaugural BELKA competition.
Intel and Altera recently launched a series of products geared towards on-premise, edge AI computing. Intel debuted a new series of Intel Core Ultra, Core, and Atom processors, joined by discrete Intel Arc GPUs. Similarly, Altera announced the broad availability of its Agilex 5 devices.
Prophecta, a company that offers AI-powered real-time analysis of telematics data, and AI-assisted predictive modeling and planning optimization, recently announced the release of a vehicle tracking algorithm that enables users to optimize costs, reduce emissions, and promote driver safety.