In other news, OpenAI co-founder Sam Altman invested in robocar network startup Glydways, which raised a total of $76 million, valuing the company at $350 million to $400 million. Additionally, New York-based SmarterDx, which uses AI to help hospitals process claims, raised $50 million in Series B funding led by Transformation Capital. The startup has raised $71 million since its founding in 2020.
Key takeaways:
- AI cloud infrastructure startup CoreWeave secured a $1.1 billion funding round led by Coatue, valuing the company at $19 billion, a significant increase from its $7 billion valuation five months ago.
- Paris-based Mistral AI is reportedly closing in on a $600 million funding round from existing investors General Catalyst and Lightspeed Venture Partners, which would value the company at $6 billion, triple its value from last December.
- Elon Musk’s generative AI startup, xAI, is rumored to be closing in on a $6 billion funding round from Sequoia Capital and others, potentially valuing it at $18 billion pre-money.
- Healthcare continues to see a rise in AI startups, with New York-based SmarterDx raising $50 million in Series B funding led by Transformation Capital. The startup uses AI to understand patients’ clinical journeys and help hospitals process claims more rapidly.