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AI Startup Raises $325 Million in Funding
Synthetic intelligence startup Scale AI raised $325 million in enterprise funding, giving it a valuation of $7.3 billion. Scale AI helps corporations collect the information they should practice AI functions. As AI features reputation, the startup’s companies have been in excessive demand.
The newest spherical of funding was led by Dragoneer, Greenoaks Capital, and Tiger World. Different members within the spherical included Wellington Administration and Sturdy Capital. Since its inception in 2016, Scale AI has raised greater than $600 million.
Dwelling Health Gymnasium Maker Raises $220 Million
Tempo, a house health gear startup, raised $220 million in enterprise funding. SoftBank led the Collection C spherical, however different traders included Bling Capital, DCM, Basic Catalyst, Norwest Enterprise Companions, and Steadfast Capital Ventures.
Tempo is among the many startups that stepped as much as fill a void through the pandemic when gyms had been pressured to shut. Although some gyms are starting to reopen, the corporate continues to be seeing excessive demand for its merchandise. Tempo’s full residence fitness center features a touchscreen and a 3D movement digicam that scans and tracks customers as they work out. The startup plans to make use of the cash it raised to strengthen its provide chain, to create extra content material, and for analysis and growth.
P.S. SoftBank can also be an investor in SoFi.
Pizza Ordering Platform Raises $40 Million
Slice, a cell pizza ordering platform, raised $40 million in a spherical of enterprise funding led by Cross Creek. The fundraising spherical additionally included participation by KKR (KKR), GGV Capital, and Main Ventures.
Began in 2009 in New York, Slice helps pizzeria house owners settle for on-line orders and funds. Its companies had been useful through the pandemic when eating places needed to shift their operations on-line. Slice has emerged as a frontrunner in these efforts, partnering with 14,000 pizzerias throughout the nation. The corporate didn’t disclose its present valuation from the most recent fundraising spherical nevertheless it was valued at round $82 million final Might.
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