AI & RoboticsNews

In the AI arms race, Metal aims for enterprise dominance with $2.5 million war chest

Metal, an artificial intelligence (AI) startup focused on enterprise applications, announced today that it has raised $2.5 million in seed funding led by Swift Ventures with participation from Y Combinator and Chapter One. The funding will be used to expand Metal’s platform for building AI-powered applications and to provide increased support for large enterprise customers. Taylor Lowe, CEO and…
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AI & RoboticsNews

MosaicML challenges OpenAI with its new open-source language model

MosaicML, an artificial intelligence (AI) startup based in San Francisco, announced today the release of its groundbreaking language model, MPT-30B. The new model, trained at a fraction of the cost of its competitors, promises to revolutionize the field of artificial intelligence in enterprise applications. Naveen Rao, the CEO and cofounder of MosaicML, said in an interview with VentureBeat that…
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AI & RoboticsNews

Stravito launches generative AI tool for enterprise search and knowledge management

Stravito, an enterprise insights company, is introducing proprietary generative AI capabilities on its platform to streamline enterprise knowledge management. The aim is to optimize the search experience by delivering transparent answers, complemented by clickable links to source documents for fact-checking. While Dropbox and Box have recently introduced similar offerings that enable users to…
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AI & RoboticsNews

Madrona Venture Labs announces $11M round to fund pre-seed AI founders

Madrona Venture Labs (MVL), a pre-seed startup incubator-of-sorts based in Seattle, Washington that bills itself as “an enterprise AI startup studio … for founders, by founders” has secured $11 million for its fifth fund, with a focus on empowering the next generation of AI founders. The funding round was led by sibling firm, the mighty Seattle giant Madrona Venture Group, and saw…
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