Nigeria-based Terra, which makes pilotless drones and defense systems, raised $34M from Joe Lonsdale, Lux Capital, and others, as jihadist groups drive demand
Terrahaptix Inc., a Nigerian drone-making startup, will open its first factory abroad in Ghana, where it will build mid-range pilotless aircraft …
Source: Erebor, a digital bank co-founded by Palmer Luckey, raised $350M led by Lux Capital at a $4.35B post-money valuation; it secured FDIC approval last week
Erebor, a new digital bank co-founded by Anduril CEO Palmer Luckey, has quietly raised $350 million at a $4.35 billion post-money valuation, Axios has learned.
New York-based Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised $87M led by Lux Capital at a $1.1B valuation
Chris Metinko / Axios :
Physical Intelligence, which plans to use AI to create brains for robots, raised $400M led by Jeff Bezos, Thrive Capital, and Lux Capital at a $2B valuation
The start-up raised $400 million in a funding round with investments from the likes of Jeff Bezos, Thrive Capital and OpenAI.
EvolutionaryScale releases AI models called ESM3 to help engineer novel proteins and raised a $142M seed led by Nat Friedman, Daniel Gross, and Lux Capital
Tokyo-based Sakana AI, which is focused on building smaller AI models, raised a $30M seed led by Lux Capital, a source says at a $200M valuation
Rachel Metz / Bloomberg :
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...
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...
Mendaera, which is developing a collaborative robotic system with real-time imaging and AI for health care providers, raised a $24M Series A led by Lux Capital
Jessica Hagen / MobiHealthNews :
Hugging Face, which is building an open source library for natural language processing tech, raises a $100M Series C at a $2B valuation led by Lux Capital
Newly valued at $2 billion, the AI 50 debutant originated as a chatbot for teenagers. Now, it has aspirations …