Fundraising

Automating Cybersecurity Workflows: Torq Secures $70M Funding

As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year;…

Introducing Letta: UC Berkeley’s Newest AI Startup in Action

A startup called Letta has just emerged from stealth with tech that helps AI models remember users and conversations. Created in UC Berkeley’s famed labs startup factory, it also announced $10 million in seed money led by Felicis’ Astasia Myers,…

Brightband’s Open Source AI-Driven Weather Forecasting

With an explosion of weather and climate data that the last generation of tools can’t handle, is AI the future of forecasting? Research certainly suggests so, and a newly funded startup called Brightband is taking a shot at turning machine…

Fal.ai Raises $23M in Funding for Media-Generating AI Models

Fal.ai, a dev-focused platform for AI-generated audio, video, and images, today revealed that it’s raised $23 million in funding from investors including Andreessen Horowitz (a16z), Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas. It’s a two-round deal:…

Reliant AI Revolutionizes Science Data Analysis

AI models have proven capable of many things, but what tasks do we actually want them doing? Preferably drudgery — and there’s plenty of that in research and academia. Reliant hopes to specialize in the kind of time-consuming data extraction…