Glean raises over $260M series E and launches next-generation prompting to accelerate its vision of Work AI for all
Today, we’re excited to announce new funding and new product capabilities that together will enable Glean’s Work AI platform to expand its reach — enabling everyday AI for everyone at work.
Businesses today are in the midst of an AI transformation — one that promises to be as big or bigger than the internet, mobile, cloud, and other major technology shifts of the past century. CIOs are in the thick of it. Not only are they under immense pressure to quickly and securely bring AI into their organizations, but they’re simultaneously grappling with enabling their employees to be successful with AI. I’ve heard a common refrain from many CIOs: it all comes down to the people. You can’t drive AI transformation in a company without first getting its employees to embrace AI. After all, it’s AI-centric employees who will ultimately create AI-centric companies.
Relativity Space wins $8.7 million U.S. Air Force contract for additive manufacturing research
Relativity Space, a company that builds launch vehicles using 3D printing technology, has secured an $8.7 million contract with the U.S. Air Force Research Laboratory (AFRL) to explore real-time flaw detection in additive manufacturing.
Real-time flaw detection in 3D printing is the ability to identify defects as parts are being printed. This is an important technology as additive manufacturing works by laying down thin layers of material on top of each other so each layer adds to the potential for imperfections.
The two-year research contract is from AFRL’s Materials and Manufacturing Directorate at Wright-Patterson Air Force Base, Ohio. The work for this project will be done at Relativity’s factory in Long Beach, California, using the company’s Stargate 3D printing platform, known for its large-scale metal printing capabilities.
Photoroom, the AI image editor, raised $43M at a $500M valuation
Photoroom, the AI-based photo-editing app out of Paris that has been growing like a weed targeting people doing business online while also attracting a lot of casual users to boot, confirmed it closed its latest funding round: $43 million at a $500 million valuation, according to CEO and co-founder Matthieu Rouif, who co-founded Photoroom with CTO Eliot Andres.
We were the first to report that the round was in the works in January. At the time, it looked like it would be more than $50 million; it ended up a little lower.
Groq Raises $640M To Meet Soaring Demand for Fast AI Inference
Groq, a leader in fast AI inference, has secured a $640M Series D round at a valuation of $2.8B. The round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and strategic investors including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung Catalyst Fund. The unique, vertically integrated Groq AI inference platform has generated skyrocketing demand from developers seeking exceptional speed.
OpenAI co-founder Sutskever's new safety-focused AI startup SSI raises $1 billion
sakana ai raises $100M
Sakana AI is a new AI R&D company based in Tokyo, Japan. Our team has proven track records of developing breakthroughs in AI, where we take pride in setting the trend in AI development. We aim to develop transformative AI that will bring us into the next paradigm. The main focus of our research and development of new kinds of foundation models is based on nature-inspired intelligence.