Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong
The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing
Lakera, which helps enterprises protect generative AI apps from LLM vulnerabilities, raised a $20M Series A led by Atomico, bringing its total funding to $30M
Paul Sawers / TechCrunch :
Sources: Sakana AI, a Tokyo-based LLM developer founded last year by Google alumni, is raising ~$100M at a $1B valuation in a round led by NEA, Khosla, and Lux
The Information :
Sources: Sakana AI, a Tokyo-based LLM developer founded last year by Google alumni, is raising ~$100M at a $1B valuation in a round led by NEA, Khosla, and Lux
The Information :
How Chinese hedge fund High-Flyer Capital Management developed its DeepSeek-V2 open-source LLM that costs less than rivals and ranks among the top in the world
1. Introduction Introducing DeepSeek LLM, an advanced language model comprising 67 billion parameters. DeepSeek on GitHub : DeepSeek-V2: A Strong, Economical, and Efficient Mixture-of-Experts Language...
Hippocratic AI, which is building an LLM for health care, raised a $53M Series A co-led by Premji Invest and General Catalyst at a $500M valuation
George Hammond / Financial Times :
Unstructured, which helps companies prepare “really messy, sloppy data” for AI training, raised a $40M Series B led by Menlo Ventures at a $230M valuation
Unstructured, which preps sloppy data for LLM training, has raised $40 million at a $230 million valuation.
Paris-based Bioptimus, which aims to build an LLM to understand biological processes on different scales, launches with a $35M seed led by Sofinnova Partners
Daphné Leprince-Ringuet / Sifted :
Ola Group CEO Bhavish Aggarwal's Krutrim, which is building a multilingual LLM, raised a $50M “first round” led by Matrix Partners India at a $1B valuation
Manish Singh / TechCrunch :
Sources: EvolutionaryScale, founded by members of Meta's recently axed protein-folding team to build LLMs for biology, raised a $40M+ seed at a $200M valuation
Forbes : X: @_iainmartin and @kenrickcai X: Iain Martin / @_iainmartin : Meta shuttered it's AI project focused on protein-folding in April. Now that team have raised $40m to build new biological LLM...