Joyce Shen’s picks: musings and readings in AI/ML, September 30, 2024

📌 Musings and Readings

“The Most Sophisticated AIs Are Most Likely to Lie, Worrying Research Finds” (Futurism)

“Three New York Cities’ Worth of Power: AI Is Stressing the Grid” (WSJ)

“California Gov. Newsom vetoes AI safety bill that divided Silicon Valley” (NPR)

“AI and globalization are shaking up software developers’ world” (The Economist)

“Dame Judi Dench and John Cena to voice Meta AI chatbot” (BBC)

“Retrieval Augmented Correction of Named Entity Speech Recognition Errors” (Apple)

👏 Deals

mbue, a TX-based SaaS tech company developing AI-driven quality control tools to enable architects and builders to catch modification in architectural drawings and reduce review time and liability, has raised $1.8m in pre-seed financing. 

Eradivir, an IN-based biotech startup developing small-molecule, bispecific immunotherapy to connect a patient's immune cells directly to a diseased cell to treat multiple diseases, including viral infections and cancer, has completed a $10m in series A financing.

Eion, a CA-based climate tech company specializing in carbon removal and accelerating the Earth’s natural CO2 storage processes with specific rocks, has raised $3m in financing.

LiveFlow, a New York-based startup building a finance and accounting automation platform featuring tailored client dashboards, forecasting, industry comparisons, and transaction classification, has raised $13.5m in series A financing.

VerImmune, a Bethesda-based biotech startup aiming at improving cancer patients’ lives by developing immuno-medicines that offer low toxicity and benefits to treat various cancers, has raised $4.5m in pre-series A financing.  

Knownwell, a DC-based company building an AI-powered platform to integrate organization's enterprise data and communications, has raised $4m in financing.

Arya Health, a New York-based healthcare tech startup building an AI-empowered workforce platform created to simplify workflows and improve patient care, allowing healthcare professionals to focus on what counts, has raised $4m in seed financing.

Sandgarden, a New York-based company specializing in building an AI development platform for fast AI implementation, enterprise integration, and reduced complexity, has raised $4.5m in financing.

DefectDojo, a TX-based startup developing a unified platform to enable businesses to  conduct comprehensive security testing, vulnerability tracking, deduplication, remediation, and reporting, has raised $7m in financing.

Mifundo, an Estonian-based fintech startup developing an AI-powered cross-border data platform across the European Union to offer borderless banking solutions by linking customers to banks regardless of locations, has raised €10m in financing.

Convergence, a London-based startup creating personal AI assistants that can learn, adapt, remember, and take care of tasks so as to allow teams to prioritize what matters most, has raised $12m in pre-seed financing.

Tetrix, a New York-based startup building an AI-driven analysis platform to convert complex information into straightforward and actionable investment data, allowing capital allocators to explore alternative investments, has raised $5m in seed financing. 

Prepared, a New York-based company committed to revolutionizing emergency communications by creating an AI-empowered 911 platform, allowing dispatchers to access a caller's real-time GPS location and handle texts, images, and video calls, has raised $27m in series B financing. 

C2N, a MO-based diagnostics startup developing decentralized clinical mass spectrometry solution for high-performance Alzheimer’s disease testing and related neurodegenerative conditions, has raised $7m in financing.

Distance Technologies, a Finland-based mixed-reality startup creating AI visual technology that converts transparent surfaces into 3-dimensional light fields for augmented-reality display, has raised €10m in seed financing.