In 2021, Hive's Series D funding round raised $85 million, led by Glynn Capital, and valued the company at $2 billion. Other AI startups that have attracted significant funding include OpenAI, Cohere, and Anthropic. The news follows a trend of investor enthusiasm for AI-related startups throughout 2021, as the technology continues to demonstrate its potential.
Key takeaways:
- Hive AI, a software company that uses AI to moderate digital content, is reportedly aiming to raise $200 million in a funding round, potentially valuing the company at up to $4 billion.
- The company's services are used by various companies including Visa, Netflix, and Reddit to identify and block unwanted content on their platforms.
- In 2021, Hive's Series D funding round raised $85 million, valuing the company at $2 billion. The round was led by Glynn Capital, with participation from General Catalyst, Tomales Bay Capital, Jericho Capital, and Bain & Co.
- Several AI-related companies have held funding rounds recently, including Typeface, Inflection AI, and Mistral AI, indicating a strong investor interest in AI startups.