Former Swiggy, Zomato execs' AI startup Profound bags seed funding
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
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The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The move follows the closure of Dream Play, an AI-based sports analytics platform, and the winding down of Dream Money, the company’s fintech initiative.
The funding round saw participation from Noa VC, WND Ventures and angel investors.
Indus accepts input over text and audio, and is powered by the company's 105 billion parameter large language model.
As part of the deal, Hume AI’s CEO, Alan Cowen, and some of its leading engineers will join Google DeepMind.
The AI startup had last raised $13 billion as part of its Series F funding round in September last year.
The funding round also saw participation from angel investors including founders and executives at fintech firms.
Project Prometheus has already raised $6.2 billion with a portion of the capital from Amazon.
Major agentic products like CrewAI, Flowise, and Langflow integrate Mem0 natively.
Anthropic and Google Cloud had initially announced a strategic partnership in 2023.
This comes after Cohere raised an additional $100 million in September at a $7 billion valuation.
Claude Code on the web will currently only be available in beta as a research preview for Pro and Max users.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
In July, Thinking Machines Lab had also attracted a whopping $2 billion in a seed funding round even before making the product public.
Liberatore, who left xAI in July after just three months on the job, was involved in xAI's recent funding round of $10 billion in June.
The funding round was raised at a valuation over $10 billion, more than double the valuation of $4 billion earlier this year.
The fresh capital will help AI startup expand its capacity to meet growing enterprise demand.
Humanloop, which was founded in 2020 as a University College London spinout, has raised $7.91 million in seed funding across two rounds.
The round also saw participation from prominent angel investors including Ajay Agarwal, Ronnie Screwvala, and Sandeep Singhal.