According to Fortune, AI startup Arcee AI announced the completion of its Series B funding round, raising at least $150 million with a pre-money valuation of $1 billion. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from Microsoft M12, Hitachi, Wipro, and other investors. Founded in 2023 by Mark McQuade, an early employee at Hugging Face, Arcee AI focuses on developing open-weight models. The company trained four open-weight models, including the 400-billion-parameter model Trinity Large, for only about $20 million, achieving performance comparable to Meta’s Llama 3 and leading Chinese models. The funding will support new model R&D, product expansion, and deeper collaboration with the U.S. Department of Energy.
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: AI infrastructure startup Gimlet Labs has completed a $300 million funding round, raising its valuation to $3 billion. The round was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and M12, Microsoft's venture capital fund.Gimlet Labs primarily helps customers allocate AI tasks across different types of chips and is working with Arm to make its software compatible with Arm's various chip technologies. (Bloomberg)
As reported by Securityweek, AI security company HiddenLayer has announced the completion of a $100 million Series B funding round. This round was led by Delta-v Capital, with participation from Booz Allen Ventures, Microsoft’s M12, Morgan Stanley, and Ten Eleven Ventures. To date, the company’s cumulative funding has exceeded $155 million. HiddenLayer specializes in full-lifecycle security for Generative AI, Predictive AI, and AI Agents. Its enterprise platform features capabilities including AI asset discovery, AI supply chain security, attack simulation, and runtime protection. The newly raised capital will be primarily directed toward expanding AI Agent runtime security capabilities, particularly for AI coding agents.
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According to TNW, AI security operations startup Mate Security announced the completion of a $35 million Series A funding round led by Canaan Partners, with participation from Insight Partners, Team8, and Microsoft's venture fund M12, bringing total funding to over $50 million. This comes less than a year after the company emerged from stealth mode. Mate Security was founded by former employees of Wiz and Microsoft. Its core product is the "Security Context Graph," which empowers AI security agents with business context by building an organizational knowledge layer, enabling them to make judgments based on actual enterprise operational conditions when handling alerts, effectively reducing false positive rates.
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