Everything AI, everywhere, all at once

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Hello reader,

Welcome to the age of AI.

It certainly feels like the case – everyone, everywhere, seems to be doing something with the tech. It’s dominating headlines, as well as funding. As of October, AI startups have raised some US$192.7 billion in VC funding this year.

Indeed, the top 2 startups on our list this week are AI companies, and there are three such firms on this list of five.

It’s pretty clear that AI is here to stay, and we’re at a pivotal point in time for both society and tech. My only hope is that we don’t lose sight of what makes us human, and that we find a balance between tech and humanity.

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals that recently took place.

— Stefanie

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The biggest deals by market

🇦🇺 Firmus Technologies is an Australia-based firm focused on building energy-efficient AI infrastructure and AI factories. It has raised US$327 million in a late-stage round.

🇯🇵 Hailing from Japan, Sakana AI builds AI solutions inspired by nature. It has secured US$135 million in series B money from In-Q-Tel, Khosla Ventures, Lux Capital, MUFG Bank, Macquarie Capital, and New Enterprise Associates.

🇸🇬 Amperesand, a Singapore-based company, builds infrastructure solutions powered by novel solid-state transformer tech. It has scored US$80 million in series A funding from Acclimate Ventures, Foothill Ventures, Industry Ventures, Material Impact, SG Growth Capital, TDK Ventures, Temasek Holdings, Walden Catalyst Ventures, and Xora Innovation.

🇮🇳 India-headquartered Yubi offers corporate debt solutions, as well as a trading platform for bonds. It has raised US$38 million in debt from EvolutionX Debt Capital.

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Startups that are raising funds

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Behind the Glasswall

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Exclusive listicles

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