Generative AI Funding Round Up Summer 2023
As part of our coverage of generative AI and synthetic media, we’ve begun tracking notable funding rounds for startups in the space. We’ve collected the investments of the last couple of months, both those we’ve covered in more detail and those you may not have seen before, and are sharing the basics of what the startup does with generative AI and the details of their funding round. Check out the list below, arranged alphabetically.
| Startup | Generative AI Business | Amount Raised | Round Leader |
| CalypsoAI | Generative AI security testing | $23M | Paladin Capital Group |
| Cognaize | Financial AI data processing | $8M | Argonautic Ventures |
| Cohere | Customer service and enterprise platform | $270M | Inovia Capital |
| Dust | Enterprise communication and productivity | $5.5M | Sequoia |
| ElevenLabs | Synthetic speech and voice cloning | $19M | Andreessen Horowitz, Nat Friedman, Daniel Gross |
| Inflection AI | LLM and personalized AI developer | $1.3B | Nvidia, Microsoft, Bill Gates, Eric Schmidt, Reid Hoffman |
| Loora | Voice-based English teacher app | $9.25M | Emerge |
| Mistral | Open-source LLM developer | $113M | Lightspeed Venture Partners |
| Prolific | Networking platform for gathering people to test generative AI models and apps | $32M | Partech and Oxford Science Enterprises. |
| Resemble AI | Synthetic voice generator and deepfake detector | $8M | Javelin Venture Partners |
| Runway | Text-to-video platform | $141M | Google, NVIDIA, Salesforce Ventures |
| Scriptic | Phone-based generative AI content platform | $5.7M | Bitkraft Ventures |
| Slang.ai | Contact center phone answering AI | $20M | Homebrew |
| Synthesia | Generative AI video production platform | $90M | Accel |
| Tractable | Generative AI and computer vision used to appraise damage to property and vehicles | $65M | Softbank |
| Typeface | Branded synthetic media content platform | $100M | Salesforce Ventures |
| Vellum.ai | Prompt engineering solutions | $5M | Y Combinator |
| Vendict | Leverages generative AI to automate security compliance | $9.5M | NFX, Disruptive AI, and Cardumen Capital |
| Voice.ai | Real-time AI speech modulation | $6M | Mucker Capital and M13. |
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