Recent Funding:
Shield AI Raises $165M Series E - Valued at $2.3B
Shield AI, a defense technology company, has raised $165 million in a Series E fundraising round, increasing its valuation to $2.3 billion and making it one of the few multi-billion-dollar defense-tech startups of the past 20 years.
“At the end of the day, this round and Shield AI’s work will positively contribute to global security and stability, which are foundational to human progress. Advancements in technology, medicine, education, and the overall human condition are made when security and stability are strong. This requires the United States and our allies, forces for good, to have the best capabilities at their disposal — including AI pilots that protect people and deter conflict,” said Shield AI’s co-founder and CEO, Ryan Tseng in a company release.
Hivemind is an AI pilot software developed by Shield AI for military and commercial aircraft. It uses advanced algorithms for planning, mapping, and state-estimation to enable aircraft to execute dynamic flight maneuvers and reinforcement learning for discovering, learning, and executing winning tactics and strategies. Hivemind is designed to run fully autonomously on the edge, disconnected from the cloud, in high threat, GPS and communication-degraded environments.
Dataiku Raises $400M at a $4.6B Valuation to Enable Everyday AI in the Enterprise
Dataiku is a platform that enables companies to design, deploy, and manage AI and analytics applications. The company believes that any company can win in their market through Everyday AI, and facilitates using prebuilt components and automation to streamline work processes, as well as consistent management and governance across teams and projects.
The company announced $400M in Series E investment led by Tiger Global, with participation from existing and new investors. This brings Dataiku's valuation to $4.6B. Funds will be used to systemize the use of data for exceptional business results.
“Organizations that use Dataiku elevate their people – whether technical and working in code, or on the business side and low- or no-code – to extraordinary, arming them with the ability to make better day-to-day decisions with data,” said Florian Douetteau, co-founder and CEO of Dataiku in a company release. “This latest round of funding is a proof point that everyday AI is the future, and we’re excited to help many more companies realize its benefits.”
The company employs over 750 people in offices around the world. More than 450 companies worldwide use Dataiku for a variety of use cases, from fraud detection to supply chain optimization.
Building a better world with Artificial Intelligence. Get smarter faster with AI Bytes. Each issue features 3 articles, 2 podcasts, and 1 video delivered to your inbox once a week. We’re currently working on a Fund of Funds for investing in artificial intelligence startups. Subscribe to get full access to the newsletter and website. Never miss an update.