AI Startups Raised $304M Last Week

AI startups raised $304M in venture funding last week, here are a few of our favorite to watch.

Peter Foy

Apr 22, 2024 2 min read

Last week, AI startups raised $304M in venture funding and we had stories on:

Meta releases open source Llama 3 model

Meta introduced the new open source Llama 3 model with state of the art capabilities in reasoning and coding.
The model is available on major cloud platforms like AWS, Databricks, Google Cloud, Hugging Face, and more.

Our new 8B and 70B parameter Llama 3 models are a major leap over Llama 2 and establish a new state-of-the-art for LLM models at those scales

Microsoft Research introduced the VASA framework, which generates hyper-realistic talking face videos from a single photo and audio speech.
Given its potential for misuse, the team has no plans to release a product, demo or API for the framework...at least for now.

Last week, 18 AI startups raised a total of $304M in venture funding, here are a few of our favorite to watch 👇

Upstage - Raised a 72M Series B Round

What they do: Upstage AI is a provider of customized AI services designed to help businesses with artificial intelligence. The company delivers AI models based on the demands of the business to address the customer's core activities while also improving the efficiency and progress of the business process, allowing clients to solve problems and meet thecompany's AI innovation goals.
Location: Yongin, South Korea

AI Squared - Raised a $13.8M Series A Round

What they do: AI Squared is a developer of an AI integration platform that helps organizations deliver data and AI insights into business applications. The company's platform increases companies' ROI in AI projects by making it easier to integrate and adopt AI-powered insights into the tools and apps they use.
Location: Washington, DC