AI and Fintech Startups Raise Millions in Funding Rounds
Artificial Intelligence (AI) is being increasingly adopted by startups across various sectors, with numerous approaches and significant funding rounds taking place. Here are some recent developments in AI and fintech investments.
In the realm of AI, large language models are a prominent trend. Giga ML, a startup focusing on this area, recently secured a USD 3.6 million seed funding round. Meanwhile, Zhipu AI raised a staggering RMB 2.5 billion (USD 341.6 million), demonstrating the substantial interest in this field.
AI is also being harnessed for good. Wadhwani AI, for instance, has developed an AI-powered agritech solution, supported by a USD 3.3 million grant from Google.org. This underscores the potential of AI in transforming industries like agriculture.
On the funding front, Escrowpay, an India-based fintech firm, has raised USD 4 million in an ongoing Series A round, with a target of USD 15 million. ComfortDelGro has invested USD 2 million in Drive Lah as part of a USD 5 million funding round, becoming the preferred fleet partner. Cencorp, another fintech startup, raised RMB 100 million (USD 13.6 million) in a Series B round led by Winreal Investment.
Flourish Ventures, a global fintech investor, has raised USD 350 million for investments, with USD 200 million already invested and USD 300 million acquired upon spinning off from Omidyar Network. Kopital Ventures has also secured USD 12 million for its maiden fund. YouTrip, a Singapore-based fintech startup, raised USD 50 million in a Series B round led by Lightspeed. Heidi Health, focusing on AI-driven healthcare solutions, secured USD 6.3 million in a Series A round.
These funding rounds and AI applications highlight the vibrant ecosystem of AI and fintech startups. With significant investments and innovative use cases, the future of these sectors looks promising.
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