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Knime just raised $30 million from Invus to supercharge its generative AI capabilities. Check out the 15-slide pitch deck the startup used to raise its most recent funding. Go to newsletter preferences Thanks for signing up! AdvertisementAI is transforming the way people collect and interact with data, and one startup just raised millions to build out its low-code, open-source analytics tools for businesses. The startup, Knime, just raised $30 million from equity investor Invus to supercharge its AI offerings, the company announced today.
Persons: Knime, , Invus Organizations: Service, Business Locations: Invus
Inspired Capital co-founders Lucy Deland (left), Alexa von Tobel (center), and Mark Batsiyan (right) speak to portfolio companies at the firm's annual founder dinner in June 2024. Born and raised in Jacksonville, Florida, von Tobel attended Harvard University, where she graduated with a degree in psychology. AdvertisementInspired Capital co-founders Alexa von Tobel and Penny Pritzker. Inspired Capital founding partners Mark Batsiyan, Lucy Deland, Alexa von Tobel, and Penny Pritzker. Although von Tobel was on vacation outside the country, she stepped away from a fancy dinner to take McNulty Rojas's call and brainstorm solutions.
Persons: Alexa von Tobel, she's, Lucy Deland, Mark Batsiyan, It's, von Tobel, Capital's, who's, Zuckerburg, I've, Morgan Stanley, , LearnVest, Batsiyan, Alexa, they'd, von Tobel's, Penny Pritzker, Obama, Brynne McNulty Rojas, — von Tobel, McNulty Rojas, Habi, Tobel, Von, Deland, it's, von, McNulty, hasn't, guac, She's, Benjamin Vandiver, Ivan Zhao, Lindsey Vonn Organizations: Flatiron, Business, New York VC, Harvard University, Facebook, Harvard Business School, Accel Partners, American Express Ventures, Northwest Mutual, LearnVest, Ventures, Northwest, Capital, Harvard, of Commerce, America Fund, Tiger Global Management, II, Alexa, Inc, Magazine, Winder, New York Locations: Jacksonville , Florida, New York, Deland, Miami, Latin America, York
Andreessen and Horowitz are the latest and most prominent members of the startup investing community to publicly support Trump. Up until now, there have been pockets of vocal Trump support within Silicon Valley, including conservative provocateur Peter Thiel, the pugnacious hosts of the All-In podcast, and Palantir co-founder Joe Lonsdale. WE HAVE A FORMER TECH VC IN THE WHITE HOUSE. Most of the VCs Business Insider spoke to were unanimously against Kahn. "If it is Biden vs. Trump officially, I think many '"never Trumpers" will go with Trump," said a Bay Area VC.
Persons: , Andreessen Horowitz, Ben Horowitz, Marc Andreessen, Donald Trump, Sen, JD Vance, Peter Thiel's, Steve Case, Andreessen, Horowitz, provocateur Peter Thiel, Palantir, Joe Lonsdale, Elon Musk, who's, Joe Biden, Vance, Trump, IT'S JD VANCE, WE, MAGA, he's, Bradley Tusk, Chuck Schumer, Tusk, Lina Khan, That's, what's, Kahn, Lina Kahn, Khan, Biden, they're, David Hornik Organizations: Service, The Little, Business, Trump, Wall Street, Founder's Fund, TECH, Democratic, Biden, FTC, SEC, Bay, Republican, Sequoia Capital, Lobby Locations: America, Silicon Valley, New York, Delian, San Francisco, Silicon, There's
For Nvidia CEO Jensen Huang, being almost the only game in town for AI chips isn't enough. AdvertisementThe company also runs Nvidia Inception, an incubator and venture network that counts more than 20,000 early-stage companies among its membership. "I think it's crazy," said another founder whose company received investment from NVentures, who spoke on condition of anonymity. Any company trying to do anything major in AI has spent the past two years buying them by the truckload. AdvertisementHe says he's received personal calls from Huang in which the Nvidia CEO weighs in on company decisions or expresses disapproval of his public statements.
Persons: Jensen Huang, Chris Brown, Brown, Huang, Vishal Bhagwati, Sid Siddeek, Jensen, Umesh, Padval, Uber, Nvidia's, Lisa Su, he's, there's Organizations: Service, Nvidia, Business, Corporate, Cohere's, Google, AMD Locations: Silicon Valley, New York, NVentures, OpenAI
Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.
Persons: , Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, , Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei
But, not all AI startups are created equal. AdvertisementBusiness Insider surveyed nine VCs who invest in AI startups at firms like Bain Capital Ventures, Flybridge, and Sapphire Ventures. Startups building AI's "picks and shovels" are a better bet than yet another LLMStep aside, OpenAI and Anthropic. In contrast, unstructured data encompasses various formats such as text documents, images, audio files, emails, social media posts, and videos. Some AI investors say they're shying away from point solutions—think online payment processing or project management—in favor of full-stack solutions.
Persons: , Harvey, Navin Chaddha, Chip Hazard, they're, Kahini Shah, there's, Rak Garg, Garg, Shah, Lauri Moore, Moore, Chaddha, Capital's Moore, she's Organizations: Service, Accel, Business, Bain Capital Ventures, Flybridge, Sapphire Ventures, Google, Meta, Mayfield Fund, Flybridge Capital Partners, Obvious, Investors, Obvious Ventures, Foundation, Dig Ventures Locations: Mayfield, Hazard, Flybridge
Read previewSix months after OpenAI announced GPTs, developers are getting creative when it comes to making money with their applications. To some, the GPT Store drew comparisons to the early days of the App Store, Apple's marketplace for mobile applications that debuted in 2008 and ushered in the smart phone era and "app economy." However, multiple GPT developers walked Business Insider through how they're making money with their apps while waiting for formal monetization plans to become available. Advertisement"I think it will be good when OpenAI comes up with monetization integrated in the GPT Store," developer Vicente Silveira told Business Insider in an interview. Our bet is that the GPT Store will be the best way right now to position yourself to create."
Persons: , OpenAI, monetization, Vicente Silveira, Silveira, Karthik Ramasamy, Silveria, Ramasamy, It's, Ai Drive's, Ai, Claude —, Charly AI, they've, GPTs, it's Organizations: Service, Business, Google, LinkedIn, Big Tech, Humanizer, BI, Charly Locations: Amsterdam, GPTs, San Francisco
Zing Coach is a fitness platform that uses AI to create personalized fitness and wellness plans. The startup just raised $10 million in Series A funding from Zubr Capital and Triple Point Capital. BI got an exclusive look at the pitch deck Zing Coach used to raise funding. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Wellness and fitness startup Zing Coach just raised a $10 million Series A funding round led by Zubr Capital and Triple Point Capital.
Persons: Organizations: Zubr Capital, Triple Point Capital, BI, Service, Triple Point, Palta, Business Locations: London
But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.
Persons: , She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The startup, Superlegal, just raised $5 million in seed funding in a round led by Israeli VC funds Aleph and Disruptive AI. The startup says it has the only AI licensed to practice law in the US. One such startup, Robin AI, raised a Series B funding round earlier this year for its gen AI-powered contract drafting and review technology. Here's a look at the 14-slide pitch deck Superlegal used to raise its $5 million seed round.
Persons: , Tom Glover, Westlaw —, Superlegal, Noory, hasn't, AI, Bechor Organizations: Service, Israeli, Alicorn Venture Capital, Thomson Reuters, Business, Utah Locations: Israel
The startup just raised a $60 million Series B funding round. We got an exclusive look at the pitch deck the startup used to raise its new round of funding. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The startup Arbol just raised $60 million in Series B funding. Giant Ventures and Opera Tech Ventures co-led the round, with Mubadala Capital also participating in the fundraise.
Persons: hasn't Organizations: Service, Giant Ventures, Opera Tech Ventures, Mubadala Capital, Finch Finance, Space, Business
Crosby Health just raised $2.2 million in seed funding led by Amplo Ventures. The startup is building a large language model to help providers track insurance appeals. We got an exclusive look at the eight-slide pitch deck the startup used to raise its seed round. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Crosby Health, an AI startup building a clinical, large language model to help healthcare providers track insurance appeals, recently announced it raised $2.2 million in seed funding led by Amplo Ventures.
Persons: Crosby, Organizations: Crosby Health, Amplo Ventures, Service, , NOMO Ventures, Business
Apriora's tech uses conversational AI to conduct job interviews. The startup, which just graduated from Y Combinator, raised a $2.8 million seed round. We got an exclusive look at the presentation Apriora used to raise its seed funding. AdvertisementJob seekers are already using ChatGPT to prepare for job interviews, and one startup is working to even the playing field by bringing AI tools to hiring managers. Apriora, a startup that uses conversational AI to conduct job interviews, just announced its $2.8 million seed funding round led by 1984 Ventures.
Persons: Y, , Dan Gross Organizations: Service, 1984 Ventures, Pioneer Fund, Business Locations: HOF Capital
Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.
Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg
Early-stage investing is a delicate dance. It demands an understanding of markets, a knack for recognizing potential, and sheer tenacity to weather the cyclical storms of the startup world. Now in its fourth year, our Seed 40 list illuminates the women who have mastered this craft. They are on the front lines, locking arms with visionary founders to transform ideas into full-fledged businesses, often putting money and support behind those builders before others see the opportunity. This story is available exclusively to Business Insider subscribers.
Organizations: Business
Behind most startup founders is an early-stage investor who saw their potential, nurtured their ambition, and backed their ideas. The end of a record bull run in tech rebooted the startup landscape, and now early-stage investors are embracing the change. Founders have gone back to basics, staying lean and mean from the start and harnessing tailwinds of the artificial intelligence boom. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Organizations: Business
The past few years have been tough for edtech companies. In recent months, multiple edtech startups have raised fresh funding rounds while specifically touting AI as a core part of their business model. These deals could signal that AI is ushering in a new era for edtech companies, and VCs who invest in the space are excited about the renaissance. And Ednition, also one of Donnelly's portfolio companies, provides an infrastructure-as-a-service platform for other edtech companies to improve the data that goes into their AI models. That's why it's so important to invest in ed-tech AI startups that help people rethink how they interact with technology and learn new skills necessary to successfully enter the workforce, he said.
Persons: PitchBook, VCs, Brian Dixon, Dixon, we've, Numerade, Kapoor, Katelyn Donnelly, she's, I've, you'll, Donnelly, Avalance, OpenAI, we're, ChatGPT, Ryan Craig, Craig, edtech Organizations: Business, Labs, Kapor, Partners, Chingona Ventures, TechCrunch, Kapoor Capital, Lirvana Labs, Odyssey Education, University Ventures, ACT Locations: VCs, edtech
Steve Bowsher, In-Q-TelSteve Bowsher, president and CEO of In-Q-Tel. He made an early bet on Palantir, blowing the doors open for Silicon Valley techies to go after federal contracts. The son of a federal employee who grew up devouring spy novels, Bowsher has always been interested in the work of the government but actually cut his teeth in Silicon Valley. After graduating from Stanford, he worked for three startups and spent eight years at venture fund InterWest Partners. By combining Silicon Valley's swashbuckling ethos with a government agency's mission-driven mentality, Bowsher has helped shepherd some of the biggest defense tech success stories of the past two decades.
Persons: Steve Bowsher, Bowsher Organizations: Magazine, Stanford, InterWest Partners Locations: Menlo Park , California, Silicon Valley
The startup, Read AI, closed a $21 million Series A funding round in April. Goodwater Capital led the round, with participation from existing investor Madrona Venture Group, which led the startup's $10 million seed round in 2021. David Shin, who co-founded Read AI alongside Robert Williams and Elliott Waldron, told Business Insider that the generative AI boom over the last year has supercharged what the startup can offer clients. Read AI offers multiple pricing plans, including a basic, free version for individual users as well as enterprise and enterprise plus accounts that cost $22.50 and $29.75 a month per user, respectively. Check out the 23-slide presentation Read AI used to raise $21 million in Series A funding.
Persons: David Shin, Robert Williams, Elliott Waldron, Read Organizations: Goodwater Capital, Madrona Venture Group, Business, Microsoft, Google, Read, Bloomberg Locations: Seattle
VCs are hungry to back vector database startups and other behind-the-scenes tech that improves AI. Vector databases store and structure data that LLMs can then pull from. Business Insider has idenfied seven vector database startups that have been early winners. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Vector databases capture and store the essence of a particular piece of data that a machine-learning program or LLM can then pull from.
Persons: Organizations: Business, Service
Newly launched startup Superintelligent is betting it can solve this problem and help more people master using AI in their work and personal lives. The company just exited stealth with $2 million in pre-seed funding from Learn Capital, an edtech-focused VC fund. Based in New York, Superintelligent is a learning platform designed to help people understand how to use AI tools. "People who never would have cared about taking an online course before will 100% find themselves looking for online tools for learning AI." More broadly, AI is providing a boon to the edtech space, with startups such as Lirvana Labs, which provides AI learning for kids; Curipod, which lets teachers create AI lesson plans; and AI-powered study assistants Digest.ai and FoondMate all raising funding recently.
Persons: , OpenAI's DALL, Superintelligent, Nathaniel Whittemore, Whittemore, Digest.ai, he's Organizations: Service, Pew Research Center, Learn, Business, Labs Locations: New York
Read previewAI has been a boom for the education space, and one startup just raised millions by convincing investors that large language models and generative AI will supercharge kids' learning. The startup, Lirvana Labs, just raised $5.3 million in seed funding from Kapor Capital, Transcend Capital Partners, and Chingona Ventures, Business Insider has learned. Lirvana Labs is betting that AI can counteract these trends. The startup's tech is available via a mobile app, which costs $9.99 monthly or $69.99 annually. Check out the 13-slide pitch deck Lirvana Labs used to raise its seed-funding round.
Persons: , Christie, Clement Pang, Pang, Christie Pang Organizations: Service, Lirvana Labs, Kapor, Partners, Chingona Ventures, Business, National Center for Education Studies, Nations Locations: Menlo Park , California, Lebanon
Sam Altman's act may be wearing thin
  + stars: | 2024-03-26 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking into how some in Silicon Valley are starting to sour on OpenAI's Sam Altman . AdvertisementFrom hardball tactics when raising funds to relentless self-mythologizing about his role in the future of tech, Altman's act is wearing thin on some . Even VCs uninterested in AI deals are quickly becoming servants to Altman's AI empire. Big market, fall hard.
Persons: , Baltimore's Francis Scott Key, Sam Altman, Alastair Grant, Rebecca Zisser, Darius Rafieyan, Altman, Elon Musk, à, Steve Jobs, VCs, Samantha Stokes, Eric Baradat, Torsten Slok, David Rosenberg, BofA, Drew Watson, Birkin, Abanti Chowdhury, Elon, Don Lemon, that's, Musk, Mark Zuckerberg, Google's, Meta, Dave Calhoun, Aaron Schwartz, Adam Neumann, Neumann, Robert F, Kennedy Jr, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Baltimore Fire Department, Tech, Apple Vision, NFL, ChatGPT, Kruze Consulting, Apollo Global Management, Federal Reserve, Bank of America, Abanti, Getty Images, Street Locations: Silicon Valley, Plenty, Big, Orlando, New York, London, Chicago
65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.
Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub
But Reddit's co-founder took to X to call out a perceived slight by investor Initialized Capital. But it's not all sunshine and roses for Reddit, whose co-founder and early investors are bickering on social media. Alexis Ohanian called out Initialized Capital investors on X after the firm's social media account failed to congratulate him by name on Reddit's IPO. Garry Tan tweeted a congrtulations to both Alexis Ohanian an Steve Huffman on Reddit's IPO. Ohanian, Tan, and representatives for Initialized Capital did not immediately respond to requests for comment.
Persons: Reddit, Reddit's, , it's, Alexis Ohanian, Steve Huffman, Y, Garry Tan —, Ohanian, Tan, Brett Gibson, Jen Wolf, @jenhwolf, George Floyd's, Michael Seibel, Tan's, confidentially, Instacart, Huffman, Garry Tan, Garry Organizations: Service, Twitter, VC, NYSE, New York Stock Exchange
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