TECHnicalBeep’s Post

AI Chip Startup Groq Archives $2.8 Billion Valuation Following Lates Funding Round Groq, a leading innovator in AI hardware has recently secured a $2.8 billion valuation after its lies funding round, underscoring strong investor confidence in the company’s potencial. This funding, led by top venture capital firms, will accelerate Groq´s development of high-performance, efficient AI processors, essential for advanced machine learning applications. Groq´s unique chip architecture offers superior processing speed and power efficiency, making it a formidable player in the competitive AI hardware market. With this new capital, Groq plans to expand its product offerings enhance its technology and increase its market presence. As AI continue to transform various industries, the demand for specialized hardware grows. Groq´s innovative solutions are at the forefront of this transformation, providing critical infrastructure to support AI advancements. #AI #Innovation #TechStartups #Tech #MachineLearning #TechInnovatiion #FutureOfTech #AIHardware #AIChips #Invesment #VentureCapital #Funding #Groq #TechNews

🚀 AI in Manufacturing: Tractian Secures $120M in Series C Funding 🚀 Despite the cold weather, AI funding is still heating up, with manufacturing AI startup Tractian raising a cool $120M in its Series C round. Led by Sapphire Ventures, the round also saw participation from General Catalyst, Next47, and NGP Capital. Based in Atlanta, Tractian is revolutionizing industrial maintenance by combining hardware, software, and AI to modernize processes. Dubbed the "Industrial Copilot," the company aims to address the growing issue of unplanned downtime, which costs the world's largest 500 companies a staggering $1.4 trillion annually. The manufacturing industry is facing a workforce challenge, with an aging workforce and fewer younger workers entering the field. As CEO Igor Marinelli notes, the gap between human expertise and machine understanding continues to grow. In response, there's an increasing push to reshore manufacturing to build more resilient supply chains. Since its inception in 2019, Tractian has raised over $180M, including a $45M round in August 2023. This latest round solidifies the company's position as a major player in the AI-driven transformation of manufacturing. 💡 https://lnkd.in/fzpnPPW #AI #Manufacturing #Investment #TechInnovation #IndustrialAI #Tractian #VentureCapital TRAction

🚀 𝗔𝗜 𝗦𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗦𝗼𝗮𝗿 𝗶𝗻 𝟮𝟬𝟮𝟰! 🚀 The first half of 2024 has been phenomenal for AI startups, with over $35.5 billion invested globally. 🌐 Out of these, 28 US-based AI startups raised $100M or more. Here are some highlights (we even made a nice deck for you to download and share!): 1. xAI - $6B Series B 🏆    - Building a platform to accelerate human scientific discovery.    - Investors: Sequoia, Valor Equity Partners, Fidelity. 2. Scale AI - $1B Series F 🌟    - Providing data-labeling services for AI model training.    - Investors: Accel, Tiger Global, Amazon. 3. CoreWeave - $1.1B Series C 🔧    - GPU infrastructure provider for tech companies.    - Investors: Coatue, Fidelity, Altimeter Capital. 4. AlphaSense - $650M Series F 📊    - Market intelligence platform.    - Investors: Viking Global Investors, BDT & MSD Partners, CapitalG. 5. Figure  - $675M Series B 🤖    - AI robotics startup.    - Investors: Nvidia, OpenAI, Microsoft. Other notable mentions include Hebbia , Skild AI , Bright Machines, Etched ai, and more, each innovating in fields from healthcare to robotics, securing major funding to revolutionize their respective industries. This surge in investment underscores the relentless momentum of AI innovation or is it irrational exuberance. Either way, exciting times ahead! 🚀💡 Stay ahead of the curve and get these insights delivered straight to your inbox. Subscribe to "OneMoreThinginAI" today! #AI #Startups #Funding #Innovation  #AIRevolution #ArtificialIntelligence #Technology #MachineLearning

Phantasma Labs, a leader in AI-powered manufacturing solutions, has secured a seven-figure investment from renowned funds Momenta and RunwayFBU to drive global manufacturing efficiency. Factories across the globe are losing between 3-20% of their revenues due to inefficient planning of their production processes. As manufacturing companies focus on becoming more efficient and competitive, the demand for advanced production planning tools has increased exponentially. The uniqueness of Phantasma Labs' technology lies in its independence from Big Data, opening up a huge market comprising SMEs, mid-caps, and large enterprises. Phantasma Labs has already secured customers in the DACH market and will use the new funds to expand into the US and Nordic markets. Sagar Chandna, Ken Forster, Ramakrishna (Rama) Nanjundaiah To share your startup story write us on - contact@startuprise.co.uk #PhantasmaLabs #fundraising #startup #funding #news

Only 6% of companies report full visibility on their supply chain. There’s a big gap for supply chain visibility tech. It’s a 1.2 billion-dollar market that giants need solutions for. As you can see, Microsoft is one of the giants acquiring startups building in this space. Microsoft’s venture fund partnered with i5invest to look for a strategic investment. And they found: blackshark.ai An Austrian startup that develops AI-powered object detection & 3D simulation environments at planet-scale. In short, they can build accurate 3D Earths. They can: > Process petabytes of satellite imagery > Detect objects, roads, floods, and other infrastructure > Create a comprehensive 3D digital representation of the world Its applications in supply chain visibility: It can monitor the environmental impact. It can optimize warehouse layouts. It can detect potential disruptions. It can optimize route planning. It can track moving assets. And yes, it goes beyond supply chain. It can be used for humanitarian relief, autonomous flying, and smart cities. If you’re looking to get acquired or investment, this is the type of tech you should be building. It’s not about being AI, deep tech, or any hyped trends. Just build real applicable tech that works. #founders #investors #venturecapital #privateequity #startups #i5invest 𝐖𝐡𝐨 𝐢𝐬 i5invest: We are a corporate development firm with access to 150K+ top decision-makers in Strategy, Business Development, and M&A. We provide innovative tech founders with insights, expertise, and access to our network to take their companies to the next level.

ThinkLabs AI Secures $5M for Grid Planning Tech - Funding Round: ThinkLabs AI raises $5 million in seed funding. - Investment Leaders: Co-led by Powerhouse Ventures and Active Impact Investments. - Tech Development: Funds to expand operations and development efforts. Subscribe to our daily newsletter here for more AI news https://lnkd.in/dWcq_ib6 #Innovation #Technology #Future #Entrepreneurship #Startups #VentureCapital #ArtificialIntelligence #Sustainability #Energy #Engineering #AI

Exciting news from the industrial tech world! - TRACTIAN (YC W21) has successfully raised $120 million in Series C funding aimed at eradicating industrial downtime globally. - Critical Issue: Unplanned downtime currently costs the world's top 500 companies around 11% of their annual revenues—a staggering $1.4 trillion. - Rising Recovery Times: Recovery times for breakdowns have increased from 49 minutes to 81 minutes over the past five years, influenced by challenges such as COVID-related skill gaps and supply chain disruptions. - Innovative Solution: Founded by Igor Marinelli, Gabriel Lameirinhas, and Leonardo Vieira, Tractian is revolutionizing industrial maintenance by enhancing machine performance and minimizing downtime. They serve as the Industrial Copilot for manufacturing leaders. - Leveraging AI: Tractian utilizes proprietary AI models to provide insights that optimize operations, bridging the knowledge gap between human expertise and machine understanding. - Global Impact: Addressing an estimated 5% of global industrial GDP, Tractian solutions contribute $50 for every $1,000 produced by factories worldwide. A big congratulations to the team for this significant milestone! What does downtime mean for your organization? #Droidor #ExploreTECH #startups #entrepreneurship #AI #leveragingAI

🚀 BREAKING NEWS: Sequoia Capital Backs AI Startup Factory to Automate Engineering Tasks Sequoia Capital has announced its investment in Factory an #AI startup that aims to revolutionize the engineering sector by automating routine and complex tasks. This move underscores Sequoia’s continued commitment to supporting innovative technologies with the potential to transform traditional industries. Key Highlights: Investment Details: Lead Investor: Sequoia Capital Startup: Factory Focus: #Automating engineering tasks using #AI Objective: To enhance productivity and efficiency in engineering by leveraging artificial intelligence to handle repetitive and intricate tasks. About Factory: Mission: Factory aims to streamline engineering processes by automating tasks that typically consume significant time and resources. By doing so, engineers can focus on more strategic and creative aspects of their work. Technology: The startup utilizes advanced AI algorithms to perform tasks such as design optimization, simulation, testing, and maintenance scheduling, among others. Implications for the Engineering Industry: Efficiency: Automation of routine tasks can lead to substantial time savings and reduced operational costs. Quality: AI-driven solutions can enhance the accuracy and consistency of engineering outputs. Innovation: Engineers can dedicate more time to innovation and problem-solving, driving progress in the field. Sequoia’s Vision: Sequoia Capital's investment in Factory aligns with its strategy to support cutting-edge technologies that have the potential to disrupt and advance traditional industries. By backing Factory, Sequoia is betting on the transformative power of AI in engineering. CEO’s Statement: "We're thrilled to have Sequoia's support as we embark on our mission to revolutionize engineering with AI. Our technology is designed to take over the repetitive, time-consuming tasks, allowing engineers to unleash their full creative potential," said Matan Grinberg Industry Impact: This investment highlights the growing trend of integrating AI into various sectors to enhance productivity and innovation. As Factory continues to develop its technology, the engineering industry can expect significant advancements in how tasks are managed and executed. #SequoiaCapital #FactoryAI #EngineeringAutomation #TechInnovation #StartupFunding #CamelCrunch

From cutting downtime to achieving sustainability goals, SCIKIQ empowers you to optimize every aspect of your manufacturing process. SCIKIQ turns your data into decisions, ensuring you stay ahead in the race for manufacturing excellence. Read the full blog here: https://lnkd.in/gHrAQQiy #generativeAI #innovation #management #technology #futurism #startups #ArtificialIntelligence #MachineLearning #TechTrends #Automation #DataScience #SoftwareEngineering #CloudComputing #DigitalTransformation #AI #Analytics #Tech #Future #Enterprise #EmergingTechnology #DigitalStrategy #BusinessInnovation #TechTrends #EnterpriseAI #TechEvents #DataTransformation #CloudTechnology #AIStrategy #manufacturing

Last year, 77% of the capital invested in #AI went into solutions designed to make construction processes more efficient. No doubt, artificial intelligence was hands down the hottest trend in Contech throughout 2024! 🔥 But what can we expect from #Contech investment & trends in 2025? 🔮 All attention is on these visionary Contech startups and the disruptive technologies they bring to the table, named in the #Top50ContechStartups2025 List & Report! Download the report here ➡️ https://lnkd.in/dmqE5Eyu