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Elm AI (Formerly Esger), a Cornell University spinout co-founded by Advait Raykar, Aparajita Thakker, Ken He, and Eesha Khanna, has secured $2M to enhance its AI platform that supports supply chain sustainability and operational performance. The round was led by Beta Boom and Working Capital Fund, with backing from Boro Capital Partners, Very Serious Ventures, Gorges Ventures, The Bond Collective, and Textbook Ventures. FinSMEs https://lnkd.in/ey5vmQv5 #AI #ArtificalIntelligence

Fern has secured $9M in a Series A round led by Bessemer Venture Partners and Y Combinator. The startup aims to streamline SDK and documentation maintenance using AI, with its Fern SDK Generator and upcoming AI assistant Ask AI. The platform is already used by over 150 enterprises including Square, LaunchDarkly, Eleven Labs, and Webflow. Mike Wheatley | SiliconANGLE & theCUBE https://lnkd.in/ewcKSaEr #AI #ArtificalIntelligence

ConductorAI, led by CEO Zachary Long, has secured $15M in Series A funding to expand its AI-enabled compliance software across government agencies and regulated industries. Lux Capital led the round with participation from Altman Capital, Haystack Ventures, Sunflower Capital, Humba Ventures, Also Capital, Forward Deployed VC, and Abstract. FinSMEs https://lnkd.in/eDJaaAn3 #AI #ArtificalIntelligence

LiveKit, the voice AI platform behind real-time multimodal AI apps like ChatGPT Voice Mode, has raised $45M in a Series B funding round at a $345M valuation. The San Jose-based company, led by Russ d’Sa, secured backing from Altimeter Capital, Redpoint, and Hanabi Capital, and plans to expand its operations and development efforts with the funding. The platform, which powers over 3 billion calls annually for 100,000+ developers, previously partnered with OpenAI to launch ChatGPT Voice Mode and LiveKit Agents. https://lnkd.in/efy6qKhu #AI #ArtificalIntelligence

Matt Miller, former Sequoia Capital partner, is raising a new $300M VC fund targeting Series B and C rounds in European AI and B2B startups – an effort to address the continent’s gap in scaleup funding. Backed by institutional investors, non-profits, and over 100 founders and operators from Silicon Valley and Europe, the London-based fund signifies a pivotal moment in European venture capital. Abhinaya Prabhu | Tech Funding News https://lnkd.in/dgTBtfeg #AI #ArtificalIntelligence

AI networking chip startup nEye Systems has raised $58 million in a venture round led by Alphabet-backed CapitalG. The Emeryville-based company is developing optical networking chips that use light to transmit data between AI chips, aiming to reduce power consumption in data centers—a goal also being pursued by chip industry leaders like Nvidia. Stephen Nellis | Reuters https://lnkd.in/ggXkGwQB #AI #ArtificalIntelligence

Inventex, founded by Daniel Ruskin — a former Coinbase engineer at just 14 — has raised $2.4M in pre-seed funding to transform patent filing using AI. The company, co-led by Conviction Capital, Cambrian Ventures, and angel investors like Fred Ehrsam and Maksim Stepanenko, aims to drastically speed up and improve the quality of IP applications. Inventex already has traction with startups and public companies, and plans to expand its AI-powered legal tech offering further. Mary Ann Azevedo | TechCrunch https://lnkd.in/dqwk6k-T #AI #ArtificalIntelligence

incident.io has secured $62M in Series B funding at a valuation of around $400M to expand its AI-powered platform for incident management. Leading the round was Insight Partners, with participation from Index Ventures, Point Nine , Mike Krieger, and Mantis Venture Capital. Co-founded by Stephen Whitworth, Pete Hamilton, and Chris Evans, Incident.io also introduced new AI copilots and launched On Call to compete directly with PagerDuty. Ingrid Lunden | TechCrunch https://lnkd.in/gxyvGUig #AI #ArtificalIntelligence

Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is reportedly pursuing a $2 billion seed round that could value the company at $10 billion. Key AI figures such as Bob McGrew and Alec Radford have recently joined as advisers as the company lays out plans to build more customizable and capable AI systems. Kyle Wiggers | TechCrunch https://lnkd.in/gGMxBkhB #AI #ArtificalIntelligence

Agentic AI is reshaping enterprise operations with companies like Zip and Glean—both backed by Adams Street Partners—leading innovation in procurement and enterprise knowledge management. Startups including Sierra, Ema, Decagon, Rox, and 11x are building AI agents to revolutionize customer service and sales. Jensen Huang of NVIDIA envisions a future where millions of AI agents work alongside employees to drive efficiency and growth. Brian Dudley and Thomas DelMastro | Adams Street Partners #AI #ArtificalIntelligence