Top 10 Artificial Intelligence Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the Artificial Intelligence Capital sector this past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
- BullFrog AI, clinical-phase Biotechnology company using machine learning to advance medicine and improve human health, received $3.13 million of development capital.
- Palladyne, software company focused on autonomy for robotic systems, received $946,231 of development capital from Mr. Benjamin G. Wolff and certain other members of the board of directors of the company.
Merger/Acquisition and Corporate
- Biofourmis, developer of a predictive health analytics platform designed to analyze physiology data from clinical-grade wearables, acquired by CopilotIQ.
- DataAppraisal, developer of appraisal technology designed to allow companies to monetize their data, acquired by Gradient Health.
Later Stage VC
- 1910 Genetics, developer of a drug discovery platform intended to offer small and large molecule drug discovery with a multimodal AI platform powered by laboratory automation, raised a venture funding from Accenture Technology.
- Aira Technologies, developer of a radio access network software designed to improve wireless network performance and energy efficiency, raised $11.04 million of venture funding.
Early Stage VC
- Abstract Security, developer of data security operations platform designed to optimize data without compromising on compliance or security effectiveness, raised $15 million of venture funding in a deal led by Munich Re Ventures.
- Abstractive Health, developer of an automated summary platform designed to assist physicians in the EHR by condensing all of the relevant information about their patients’ health, raised for venture funding in a deal led by Rho Capital.
Angel, Seed, and Grant
- CyberContext, developer of AI-powered mapping and automation services intended for industry to improve compliance with document intelligence technology, raised $100,000 of angel funding.
- MLhere, developer of a distributed energy controller management platform designed to democratize machine learning, making it accessible to every individual, raised $150,000 of angel funding.
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Tamara Williams
Managing Director
15+ years of experience in investment banking and financial structuring including private equity, acquisitions, fund management and raising debt capital within various sectors including real estate, oil and gas, hospitality, serviced offices, IT and trading. Advised on investment opportunities, capital structure, holding and tax structure. Skilled at conducting due diligence, company valuation and providing real estate development project oversight. International network extending from the US, UK, France, Russia, and the Middle East to Asia. Previously held several senior management positions in the financial industry. Master of Business Administration with Distinction from the University of Northampton UK. Higher National Diploma with Distinction from ABE UK. FINRA Series 7, 79, and 66 licenses.
- twilliams@castleplacement.com
- (385) 600-1871
 Tamara WilliamsManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: twilliams@castleplacement.com
(C) (385) 600-1871
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
