Manny Medina’s AI Agent Startup, Paid, Secures Impressive $21M Seed Funding for Results-Based Billing

Manny Medina’s New Venture Paid Secures $21.6 Million Seed Round

Manny Medina, the visionary behind the $4.4 billion sales automation platform Outreach, has captivated investors with his latest startup, Paid.

Successful Seed Round Boosts Company’s Valuation

Paid has successfully closed an oversubscribed $21.6 million seed funding round led by Lightspeed. Coupled with a €10 million pre-seed round raised in March, the London-based startup has accumulated a remarkable $33.3 million before even reaching its Series A stage. Sources indicate that Paid’s valuation now exceeds $100 million.

Innovative Approach in the AI Landscape

Emerging from stealth mode in March, Paid presents a unique contribution to the AI ecosystem. Rather than offering agents directly, the company empowers agent developers to charge clients based on the tangible value provided by their algorithms. This concept, often referred to as “results-based billing,” is gaining traction in the AI space.

A Revolutionary Pricing Model for AI

Medina emphasizes that Paid enables agent developers to monetize the margin savings delivered to their clients. This innovative pricing model marks a departure from traditional software fees, moving away from the per-user pricing structures prevalent in the SaaS era.

Why Traditional Payment Models Fall Short

The conventional per-user fees are ineffective as agent developers incur usage costs from both model providers and cloud services. Without a clearer pricing strategy, underlying financial pressures could lead to unsustainable business models, a challenge frequently faced by startups in the coding space.

Measuring Value in a Quiet AI Workforce

Medina notes that “if you’re a quiet agent, you don’t get paid.” Effective infrastructure is crucial for agents to be compensated for their contributions. As agents operate in the background, demonstrating their effectiveness becomes essential for securing their continued engagement.

The Risks of Traditional Billing and Market Hesitation

Adopting a monthly fee for a limited number of credits poses significant risk to agent developers. Many businesses hesitate to invest in AI solutions that yield minimal value. A recent MIT study revealed that approximately 95% of enterprise AI projects fail to produce tangible benefits, with only 5% making it to production.

Driving Engagement with Effective AI Solutions

Businesses are reluctant to pay for agents that generate more emails that often go unread.

Early Adoption and Success Stories

One of Paid’s initial clients is Artisan, a popular sales automation startup. Artisan’s CEO, Jaspar Carmichael-Jack, will be discussing these developments at TechCrunch Disrupt next month.

Paid is also gaining traction among SaaS companies eager to leverage agents for growth, having recently signed ERP vendor IFS as a client.

Lightspeed’s Confidence in Paid’s Vision

Alexander Schmitt from Lightspeed shared that the firm has invested over $2.5 billion in AI infrastructure and application layers over the past three years, observing firsthand the high failure rates of AI pilots. He believes the crux of the issue lies in the inability to attribute value to agents’ contributions.

A Unique Market Positioning with Future Potential

Schmitt perceives Paid as a distinctive player in the market, highlighting its innovative approach as unprecedented in the industry. As Paid’s model gains traction, increased competition in results-based billing for agents could stimulate a significant shift in how AI solutions are utilized.

New investor FUSE, along with existing investor EQT Ventures, also participated in this latest funding round.

Here are five FAQs regarding Manny Medina’s startup, Paid, which uses a results-based billing model and has recently raised $21 million in seed funding:

FAQ 1: What is Paid’s business model?

Answer: Paid operates on a results-based billing model, meaning clients only pay for tangible outcomes achieved through the services provided. This aligns the company’s incentives with the success of its clients, creating a win-win scenario.

FAQ 2: Who is the founder of Paid and what is their background?

Answer: Paid was founded by Manny Medina, an entrepreneur with a proven track record in the tech industry. Prior to launching Paid, Medina was involved in several successful startups and has expertise in leveraging AI for business solutions.

FAQ 3: How much funding has Paid recently raised?

Answer: Paid has successfully raised $21 million in seed funding, which will be used to enhance its technology, expand its team, and further develop its results-based services.

FAQ 4: What industries can benefit from Paid’s services?

Answer: Paid’s results-based billing approach can benefit various industries, particularly those that rely heavily on measurable outcomes, such as marketing, sales, and customer service. Its services can be tailored to meet the specific needs of different sectors.

FAQ 5: How does Paid ensure the quality of its results?

Answer: Paid employs robust analytical tools and AI technologies to track performance and outcomes effectively. By focusing on data-driven results, the company ensures it delivers value to clients while maintaining accountability for the services rendered.

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Koah Secures $5 Million to Integrate Advertising into AI Applications

Monetizing AI: How Startups like Koah Are Paving the Way with Advertising

How can startups and developers effectively monetize their AI products? A promising startup, Koah, has recently secured $5 million in seed funding and is betting on advertising as a key revenue stream.

The Current Landscape of AI Advertising

If you’re active online, you might have encountered many unattractive AI-generated ads. However, interactions with AI chatbots have largely remained advertisement-free. Koah’s co-founder and CEO, Nic Baird, predicts that this is about to change.

Ads: The Future of AI Monetization?

“Once these technologies expand beyond San Francisco, the only viable path to profitability on a global scale is through advertising,” Baird shared in an interview with TechCrunch. “History has shown this repeatedly.”

It’s important to note that Koah isn’t targeting ChatGPT for advertising integration. Instead, they are concentrating on the broader ecosystem of apps built on top of existing AI models, especially those aimed at user bases outside the U.S.

Ending the Subscription Conundrum

Initially, consumer AI products targeted “wealthier, prosumer” users, monetizing through paid subscriptions. However, as Baird points out, an AI app could now potentially reach millions of users in regions like Latin America, where subscription costs of $20 per month are unrealistic. This shift poses challenges for developers in generating subscription-based revenue while still incurring the same operational costs as their counterparts.

A sample Koah ad for acne wash
Image Credits: Koah

Unlocking New Opportunities in AI

Baird believes that successfully integrating advertising into AI chats could unlock the potential of “vibe coded” apps that might otherwise be too costly to maintain without significant venture capital investment.

Current Applications and Advertisers

Koah has already started serving ads within applications such as AI assistant Luzia, parenting app Heal, student research platform Liner, and creative tool DeepAI. Advertisers include well-known names like UpWork, General Medicine, and Skillshare.

These sponsored ads are designed to appear contextually within chats. For instance, if a user seeks advice on startup strategies, the app might display an UpWork ad connecting them to relevant freelancers.

Proving Effectiveness in Advertising

While many publishers express skepticism about the effectiveness of ads in AI chats, some have seen minimal success with existing ad tech solutions. Baird asserts that Koah’s platform is delivering click-through rates of 7.5%, which is four to five times more effective than competition, with early partners earning $10,000 within their first month using Koah.

Image Credits: Koah

Key Investment Support

Koah’s seed funding round was led by Forerunner, with additional participation from South Park Commons and AppLovin co-founder Andrew Karam.

Consistent Revenue Models in Consumer AI

Forerunner partner Nicole Johnson noted in her investment commentary that monetization issues in AI are a pressing concern for developers and investors alike. While subscriptions have been the standard for monetizing AI services, relying solely on them may lead to user fatigue.

Johnson argues for diversified revenue models in consumer AI, stating that ads will play a significant role in future monetization strategies. She believes Koah is establishing the essential foundation for this new monetization layer.

The Role of AI Chats in Advertising

According to Baird and his team, AI chat interactions fit between raising awareness through social media ads and final purchases via search engine ads. He emphasizes the importance of capturing users’ “commercial intent” as they explore options through AI.

“People aren’t making purchases via AI; they generally transition to Google for that,” Baird commented. Thus, the challenge for Koah lies in determining how best to fulfill users’ needs during their interactions.

“It’s not about merely placing display ads in AI,” Baird concluded. “I want to focus on understanding what users are seeking and ensuring we provide it effectively.”

Sure! Here are five FAQs regarding Koah’s recent $5M funding to integrate ads into AI applications:

FAQ 1: What is Koah planning to do with the $5M raised?

Answer: Koah intends to use the $5 million funding to enhance its technology for integrating advertisements into AI applications. This funding will help develop new features and improve user experience while ensuring a seamless integration of advertisements within AI platforms.

FAQ 2: How will ads be integrated into AI applications?

Answer: Ads will be integrated into AI applications through innovative algorithms that ensure relevance and non-intrusiveness. The goal is to provide users with tailored advertising experiences that align with their interests and usage patterns, enhancing engagement without disrupting the user experience.

FAQ 3: Who are the investors behind Koah’s funding?

Answer: The funding round saw participation from a mix of venture capital firms and private investors who specialize in technology and advertising sectors. Specific investor names may be disclosed in future announcements as Koah seeks to forge strategic partnerships.

FAQ 4: What benefits do ads bring to AI applications?

Answer: Integrating ads into AI applications can provide a monetization strategy for developers, allowing them to fund further development and improve features. Additionally, relevant ads can enhance user experience by offering tailored suggestions and promotions that users may find useful.

FAQ 5: How will this funding affect the end users of Koah’s apps?

Answer: End users can expect a more robust and feature-rich application experience as the funding allows Koah to invest in technology enhancements. While ads will be present, the company is committed to ensuring they are relevant and enhance rather than detract from the user experience.

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Sierra, Led by Bret Taylor, Secures $350M with a $10B Valuation

Investors Show Confidence in Bret Taylor’s AI Startup Sierra

Sierra, the innovative AI agent startup co-founded by former Salesforce co-CEO Bret Taylor, has garnered significant investor interest.

Sierra Secures $350 Million Funding Round

On Thursday, Sierra announced it successfully raised a $350 million funding round. This round was led by existing investor Greenoaks Capital, bringing the startup’s valuation to an impressive $10 billion, as confirmed by a blog post following an earlier Axios report.

Founded by Industry Leaders

Founded in early 2024 by Bret Taylor and seasoned Google executive Clay Bavor, Sierra has quickly attracted hundreds of enterprise clients, including notable names like SoFi, Ramp, and Brex, within just 18 months of its inception.

Total Funding Reaches $635 Million

With this latest round, Sierra’s total funding now amounts to $635 million. This includes $110 million raised in February last year, led by Sequoia and Benchmark, along with a $175 million round from October last year, also led by Greenoaks.

Impressive Investor Lineup

In addition to Greenoaks, Sierra has attracted investment from notable firms like ICONIQ and Thrive Capital.

A Strong Background in Customer Service Technology

As reported by TechCrunch, both Taylor and Bavor have extensive backgrounds in customer service technology. Taylor spent nearly ten years at Salesforce, where he founded Quip, which Salesforce acquired for $750 million in 2016. Bavor managed several key products at Google, including Gmail and Google Drive.

Shared History and Vision

Taylor and Bavor first crossed paths at Google before Taylor transitioned to serve as Facebook’s CTO. At Google, Taylor played a pivotal role in launching Google Maps, and later, he participated in overseeing the Twitter board during Elon Musk’s acquisition of the social media platform.

Launching APX Program for Recent Graduates

This week, Taylor announced the launch of Sierra’s second annual APX program, modeled after a similar initiative at Google that significantly shaped their careers two decades ago. This program presents a unique opportunity for recent technical graduates amidst a challenging job market, underscoring the increasing relevance of AI technologies.

Empowerment Through Responsibility

Targeting computer science graduates, the APX program offers hands-on experience in agent engineering and product management. Taylor describes the roles as providing “an irresponsible amount of responsibility,” akin to the autonomy he and Bavor enjoyed at Google, with new hires expected to contribute to multiple product launches within their first year.

Sure! Here are five FAQs based on the information about Bret Taylor’s Sierra raising $350 million at a $10 billion valuation:

FAQ 1: What is Bret Taylor’s Sierra?

Answer: Bret Taylor’s Sierra is a technology company focused on developing innovative solutions for various industries. With its recent funding, the company aims to scale its operations and enhance its offerings in the market.

FAQ 2: How much funding did Sierra recently secure?

Answer: Sierra recently raised $350 million in funding to support its growth initiatives and further expand its technological advancements.

FAQ 3: What is the current valuation of Sierra?

Answer: Following the recent funding round, Sierra has reached a valuation of $10 billion, reflecting strong investor confidence in the company’s potential and market position.

FAQ 4: Who are the key investors in this funding round?

Answer: While specific names of all investors may not be disclosed, the funding round attracted prominent venture capital firms and strategic investors, highlighting the interest in Sierra’s innovative approach and future growth.

FAQ 5: What will Sierra do with the raised funds?

Answer: The $350 million raised will be utilized for expanding product development, enhancing technological capabilities, hiring talent, and possibly entering new markets to drive further growth and innovation.

Feel free to ask if you need more information or additional FAQs!

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Maisa AI Secures $25M to Address the 95% Failure Rate in Enterprise AI Solutions

A New Era in AI: Maisa AI Addresses the 95% Failure Rate of Generative AI Pilots

A staggering 95% of generative AI pilots at companies are failing, according to a recent report published by MIT’s NANDA initiative. However, forward-thinking organizations are not giving up. Instead, they are exploring agentic AI systems capable of learning and being efficiently supervised.

Introducing Maisa AI: Pioneering Accountable AI Solutions

This is where Maisa AI steps in. The innovative startup has built its foundation on the belief that enterprise automation needs accountable AI agents rather than obscure black boxes. With a recent $25 million seed funding round led by European VC firm Creandum, Maisa has unveiled Maisa Studio—a model-agnostic self-service platform that enables users to train digital workers using natural language.

A Unique Approach to AI-Driven Processes

While the concept might seem akin to vibe coding platforms like Cursor and Lovable, Maisa emphasizes a fundamentally different methodology. “Instead of using AI to generate responses, we leverage AI to construct the processes required to achieve those responses—what we call ‘chain-of-work,’” says CEO David Villalón.

The Visionary Team Behind Maisa AI

Leading this innovative approach is co-founder and Chief Scientific Officer Manuel Romero, a former colleague of Villalón at the Spanish AI startup Clibrain. They recognized the limitations of AI in 2024, expressing the need for a solution that mitigated hallucinations, understanding that “you cannot solely rely on AI,” as Villalón articulated.

HALP: Human-Augmented LLM Processing

Maisa introduces HALP, or Human-Augmented LLM Processing, a unique system that encourages user interaction while digital workers delineate their operational steps. This approach resembles students solving problems at a blackboard, making the process more collaborative.

Maisa AI - Worker builder
Image Credits: Maisa AI

Building Trust with the Knowledge Processing Unit

Maisa also developed the Knowledge Processing Unit (KPU), a deterministic mechanism designed to curb hallucinations. Initially focused on solving technical challenges rather than specific use cases, Maisa soon discovered that its emphasis on reliability resonated with organizations eager to apply AI responsibly—ranging from a prominent bank to firms in the automotive and energy sectors.

Revolutionizing Robotic Process Automation

By catering to enterprise clients, Maisa aims to redefine robotic process automation (RPA), facilitating productivity boosts without the need for rigid, predefined protocols or extensive manual coding. The startup offers deployment in both secure cloud and on-premises environments to meet diverse organizational needs.

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Strategizing for Future Growth in the AI Landscape

Despite its enterprise-first orientation resulting in a smaller customer base compared to the millions flocking to freemium vibe-coding platforms, Maisa aims to capture market share as these competitors pivot to enterprise appeal. The launch of Maisa Studio is designed to expand its customer funnel and facilitate adoption.

Global Expansion Plans and Industry Partnerships

Maisa plans to scale with existing clients with operations across various countries. With headquarters in Valencia and San Francisco, Maisa is set to strengthen its foothold in the U.S.; its $5 million pre-seed funding last December was led by San Francisco venture firms NFX and Village Global.

Attracting Investment for Regulated Sectors

TechCrunch has learned that U.S. firm Forgepoint Capital International participated in this latest funding round through its European venture with Banco Santander, emphasizing Maisa’s appeal within regulated industries.

Maisa’s Unique Position in the Competitive AI Marketplace

Focusing on intricate use cases that demand accountability from non-technical users could set Maisa apart from competitors like CrewAI and various other AI-driven workflow automation tools. In a recent LinkedIn post, Villalón underscored the pitfalls of the “AI framework gold rush,” warning that shortcuts can lead to long-term complications when reliability, auditability, and corrective measures are needed.

Doubling Staff to Meet Demand and Deliver Results

With ambitions of expanding its team from 35 to 65 by the first quarter of 2026, Maisa is poised for rapid growth. Starting in late 2025, the startup expects to serve its waiting list and prove that it can deliver on its promises. “We are going to show the market that there is a company that is delivering what has been promised, and that it’s working,” Villalón asserts.

Here are five FAQs with answers related to the funding and mission of Maisa AI:

FAQ 1: What is Maisa AI, and what problem is it aiming to solve?

Answer: Maisa AI is a technology company focusing on improving enterprise AI solutions. The company aims to address the high failure rate of 95% in enterprise AI implementations by providing more effective and reliable tools and frameworks for businesses.

FAQ 2: How much funding did Maisa AI secure, and what will it be used for?

Answer: Maisa AI has secured $25 million in funding. This capital will be utilized to enhance their technology, scale their operations, and develop more robust AI solutions to help enterprises deploy AI successfully and efficiently.

FAQ 3: Why is the failure rate for enterprise AI so high?

Answer: The high failure rate in enterprise AI often stems from various factors, including a lack of understanding of AI technology, insufficient data quality, inadequate integration with existing systems, and unrealistic expectations regarding outcomes. Maisa AI aims to streamline these processes to improve overall success.

FAQ 4: What makes Maisa AI different from other AI companies?

Answer: Maisa AI distinguishes itself by focusing specifically on the enterprise sector’s unique challenges. Their solutions are tailored to provide actionable insights, improve data handling, and facilitate smoother implementation processes compared to generic AI offerings.

FAQ 5: What industries can benefit from Maisa AI’s solutions?

Answer: Maisa AI’s solutions can benefit a wide range of industries, including finance, healthcare, manufacturing, retail, and logistics. Any sector looking to leverage AI for improved efficiency, analytics, and decision-making can find value in Maisa’s offerings.

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Assort Health Secures $50M to Streamline Patient Phone Call Automation, Sources Reveal

<div>
  <h2>Assort Health Secures $50 Million in Series B Funding, Accelerating AI-Driven Patient Communication</h2>

  <p id="speakable-summary" class="wp-block-paragraph">Assort Health, an innovative startup leveraging AI to streamline patient communication in specialty healthcare practices, has successfully raised approximately $50 million in a Series B funding round, achieving a valuation of $750 million. This significant financing comes merely four months after their <a target="_blank" href="https://www.assorthealth.com/blog/assort-health-secures-26-million-in-funding-to-expand-specialty-specific-generative-ai-platform-for-managing-patient-phone-calls" target="_blank" rel="noreferrer noopener nofollow">$22 million Series A</a>, and was led by Lightspeed Venture Partners, according to reliable sources.</p>

  <h3>Transforming Patient Interactions with AI</h3>
  <p class="wp-block-paragraph">The startup's AI voice agents tackle high-volume administrative tasks such as scheduling, cancellations, and common inquiries, traditionally handled by front desk personnel. This allows human staff to concentrate on more complex and sensitive patient interactions.</p>

  <h3>Rising Demand for AI Solutions in Healthcare</h3>
  <p class="wp-block-paragraph">Assort Health is part of a growing trend among startups that are securing funding to automate patient communications, reducing phone call volumes for medical offices. Recently, EliseAI announced a <a target="_blank" href="https://www.reuters.com/business/healthcare-pharmaceuticals/eliseai-raises-250-million-a16z-led-round-expand-healthcare-2025-08-20/" target="_blank" rel="noreferrer noopener nofollow">$250 million Series E</a>, led by Andreessen Horowitz, achieving a valuation of $2.2 billion. Similarly, Hello Patient raised a <a target="_blank" href="https://www.hellopatient.com/" target="_blank" rel="noreferrer noopener nofollow">$20 million Series A</a> this month at a $100 million valuation, led by Scale Venture Partners.</p>

  <h3>AI at the Forefront of Healthcare Innovation</h3>
  <p class="wp-block-paragraph">The healthcare sector is increasingly adopting AI, exemplified by the rise of medical scribing solutions from companies like Abridge and Ambience Healthcare. Investors are now keen on capitalizing on the potential of AI in enhancing patient communication.</p>

  <h3>Enhancing Patient Retention for Specialty Care</h3>
  <p class="wp-block-paragraph">Assort Health focuses on small and medium-sized specialty care offices that often struggle with long wait times. By providing quick responses through AI agents, these offices can reduce patient loss to competitors.</p>

  <h3>Rapid Growth and Expansion into New Specialties</h3>
  <p class="wp-block-paragraph">While Assort Health's annual recurring revenue (ARR) exceeds $3 million, it is experiencing rapid growth. Originally centered on orthopedic and physical care, the startup has broadened its services to include OB-GYN, dermatology, and dentistry.</p>

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  <h3>Founders with a Vision</h3>
  <p class="wp-block-paragraph">Founded two years ago by Jon Wang, a former medical student turned entrepreneur, and Jeff Liu, a former Facebook engineer, Assort Health represents the convergence of healthcare knowledge and tech innovation.</p>

  <p class="wp-block-paragraph">At this time, neither Lightspeed Venture Partners nor Assort Health has responded to requests for comments.</p>
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This structure ensures the article is SEO-friendly, with clear headings and a logical flow. Each section highlights key information while maintaining engagement.

Here are five FAQs based on the news that Assort Health has secured $50 million to automate patient phone calls:

FAQs

1. What is the purpose of Assort Health’s $50 million funding?

Assort Health aims to use the $50 million funding to enhance its technology for automating patient phone calls. This initiative is designed to streamline communication between healthcare providers and patients, reducing the administrative burden on staff and improving patient engagement.

2. How will automated phone calls benefit patients?

Automated phone calls can provide patients with timely reminders for appointments, medication refills, and health check-ins. This can help ensure that patients stay informed about their healthcare needs, leading to better health outcomes and improved adherence to treatment plans.

3. What technology does Assort Health utilize for automation?

Assort Health leverages advanced voice recognition and artificial intelligence technologies to facilitate seamless automated conversations. This allows for natural interactions that can effectively address patient inquiries and concerns without human intervention.

4. How might this funding impact healthcare providers?

The automation of patient calls can significantly reduce the workload on healthcare staff, allowing them to focus on more critical tasks such as direct patient care. This can lead to increased efficiency in practice operations and improve overall patient satisfaction.

5. When can we expect to see the results of this funding?

While specific timelines are not disclosed, Assort Health will likely implement the new automated solutions in phases. Patients and healthcare providers can expect to see gradual improvements in communication processes as the technology is developed and integrated into existing systems over the coming months.

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Datumo, Based in Seoul, Secures $15.5M Funding to Compete with Scale AI, Supported by Salesforce

<div>
    <h2>Datumo Secures $15.5 Million to Enhance AI Safety and Evaluation</h2>

    <p id="speakable-summary" class="wp-block-paragraph">A recent McKinsey report reveals that many organizations feel unprepared to safely and responsibly implement generative AI. Key among the concerns is explainability—the need to comprehend AI decision-making processes. While 40% of respondents consider this a high risk, only 17% are addressing it effectively.</p>

    <h3>From Data Labeling to AI Safety Solutions</h3>
    <p class="wp-block-paragraph">Seoul-based <a target="_blank" href="https://open.datumo.com/en/" rel="noreferrer noopener nofollow">Datumo</a>, originally focused on AI data labeling, is now on a mission to support businesses in creating safer AI systems. Their tools facilitate testing, monitoring, and model improvement without requiring advanced technical skills. The startup recently raised $15.5 million, bringing its total funding to approximately $28 million, backed by investors like Salesforce Ventures, KB Investment, ACVC Partners, and SBI Investment.</p>

    <h3>Innovative Ideas from Frustration</h3>
    <p class="wp-block-paragraph">Frustrated by the tedious process of data labeling, CEO David Kim, a former AI researcher at Korea's Agency for Defense Development, invented a reward-based app that allows users to label data in their spare time while earning money. This concept was validated at a startup competition hosted by KAIST (Korea Advanced Institute of Science and Technology), leading to the founding of Datumo in 2018 alongside five KAIST alumni.</p>

    <h3>Rapid Growth and Client Demand</h3>
    <p class="wp-block-paragraph">Even before the app was fully developed, Datumo garnered tens of thousands of dollars in pre-contract sales during the customer discovery phase. In its first year, the startup exceeded $1 million in revenue and secured several prominent contracts. Today, its client roster includes major Korean corporations like Samsung, Hyundai, and SK Telecom, with over 300 total clients and an estimated revenue of $6 million in 2024.</p>

    <h3>Expanding Services Beyond Labeling</h3>
    <p class="wp-block-paragraph">“Clients began requesting more than just data labeling, wanting us to evaluate their AI model outputs,” said Michael Hwang, co-founder of Datumo, in a TechCrunch interview. This shift revealed that the company was already engaged in AI model evaluation, prompting it to release Korea's first benchmark dataset focused on AI trust and safety.</p>

    <h3>Adapting to the Evolving AI Landscape</h3>
    <p class="wp-block-paragraph">“We started with data annotation and expanded into pretraining datasets and evaluations as the LLM ecosystem matured,” Kim explained.</p>

    <h3>Competitive Landscape in AI Data and Evaluation</h3>
    <p class="wp-block-paragraph">Meta's recent $14.3 billion investment in data-labeling company Scale AI underscores the growing importance of this sector. Following this, OpenAI ceased using Scale AI, indicating fierce competition for AI training data. Datumo shares similarities with companies like Scale AI while distinguishing itself through licensed datasets, particularly those sourced from published books.</p>

    <h3>Innovative Evaluation Tools for Non-Developers</h3>
    <p class="wp-block-paragraph">Datumo sets itself apart by offering a comprehensive evaluation platform called <a target="_blank" href="https://datumo.com/en/" rel="noreferrer noopener nofollow">Datumo Eval</a>. This no-code tool enables non-developers in policy, safety, and compliance to proactively test for unsafe, biased, or inaccurate AI outputs.</p>

    <h3>Investor Interest and Future Plans</h3>
    <p class="wp-block-paragraph">After hosting an event with DeepLearning.AI's Andrew Ng, Kim shared insights on LinkedIn, piquing the interest of Salesforce Ventures. The fundraising process took about eight months. The new funding will propel R&D into automated evaluation tools and expand Datumo's market presence in South Korea, Japan, and the U.S.</p>

    <p class="wp-block-paragraph"><em>Your feedback is invaluable to us! Share your thoughts on our coverage and events by filling out </em><a target="_blank" href="https://survey.researchresults.com/survey/selfserve/53b/g002/s0064551?list=tcap#?" rel="noreferrer noopener nofollow"><em>this survey</em></a><em> for a chance to win a prize!</em></p>
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Sure! Here are five FAQs with answers regarding Datumo’s recent funding and its mission:

FAQs about Datumo’s Funding and Mission

1. What is Datumo, and what does it do?
Answer: Datumo is a Seoul-based technology company specializing in data management and artificial intelligence solutions. The company aims to streamline data processes for businesses, helping them harness the power of AI technologies effectively.

2. How much funding did Datumo recently secure, and who are its investors?
Answer: Datumo raised $15.5 million in funding, with significant backing from Salesforce. This investment underscores the growing interest in AI and data management solutions.

3. How does Datumo plan to compete with Scale AI?
Answer: Datumo intends to differentiate itself by providing unique data services and advanced AI capabilities tailored to the needs of businesses in various industries. The company aims to offer more customizable and integrated solutions compared to its competitors.

4. Why is Salesforce’s investment significant for Datumo?
Answer: Salesforce’s investment is significant because it not only provides financial support but also enhances Datumo’s credibility and visibility in the tech industry. It may also open doors for strategic partnerships and access to a broader customer base.

5. What are the future plans for Datumo following this funding round?
Answer: Following this funding round, Datumo plans to expand its product offerings, invest in research and development, and enhance its sales and marketing efforts to grow its market presence and better serve its clients.

Feel free to ask if you need more information!

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Female-Led Semiconductor AI Startup SixSense Secures $8.5M in Funding

A Revolutionary AI Platform from Singapore’s SixSense Enhances Semiconductor Manufacturing

A Singapore-based deep tech startup, SixSense, has unveiled an AI-driven platform aimed at helping semiconductor manufacturers detect and predict chip defects in real time.

Series A Funding Boosts Growth

SixSense has successfully raised $8.5 million in its Series A funding round, bringing its total funding to approximately $12 million. This round was spearheaded by Peak XV’s Surge (previously known as Sequoia India & SEA), with contributions from Alpha Intelligence Capital, FEBE, and additional partners.

Founders with Vision

Established in 2018 by engineers Akanksha Jagwani (CTO) and Avni Agarwal (CEO), SixSense is addressing a critical challenge in semiconductor manufacturing: transforming vast amounts of raw production data—ranging from defect images to equipment signals—into actionable insights that enhance quality control and yield.

Despite the extensive data generated on production floors, the co-founders recognized a significant gap in real-time analytics.

Expertise Behind the Innovation

Akanksha offers a wealth of experience in manufacturing, quality control, and software automation, having developed solutions for companies like Hyundai Motors and GE, as well as leading product development at startups such as Embibe. Avni, equipped with extensive technical know-how from her tenure at Visa, has crafted large-scale data analytics systems, some of which are trade secrets. Her passion lies in applying AI solutions to traditional industries beyond fintech.

Image Credits: SixSense

Identifying Opportunities in Semiconductor Manufacturing

Together, the duo explored various sectors including aviation and automotive before landing on semiconductors. Despite its reputation for precision, Agarwal noted that inspection processes are still largely manual and fragmented. Conversations with over 50 engineers revealed a significant need for modernization in quality assurance methods.

Challenges in Current Quality Checks

Current fabrication facilities overflow with dashboards, SPC charts, and inline inspection systems; however, these often only present data without offering deeper analytical capabilities. Agarwal expressed, “The responsibility for decision-making still rests on engineers, leading to time-consuming, subjective processes that struggle to keep pace with increasing complexity.”

Proactive Solutions for Semiconductor Challenges

SixSense empowers engineers by providing early warnings about potential issues with features like defect detection, root cause analysis, and failure prediction.

Designed for process engineers rather than data scientists, Agarwal emphasized that “process engineers can customize models using their own fab data, deploy them in under two days, and trust the outcomes—all without needing to code.” This approach combines power with practicality.

Competitive Landscape and Market Reach

SixSense faces competition from in-house engineering teams using tools like Cognex and Halcon, inspection equipment manufacturers integrating AI solutions, and other startups such as Landing.ai and Robovision.

The platform is already operational at major semiconductor manufacturers, including GlobalFoundries and JCET, with over 100 million chips processed to date. Clients have reported production cycle times up to 30% faster, yield improvements of 1-2%, and a staggering 90% decrease in manual inspection workloads, as stated by the founders. The technology is compatible with inspection equipment that commands over 60% of the global market.

Target Customers and Global Expansion

“Our target customers are large-scale chipmakers—foundries, outsourced semiconductor assembly and test providers (OSATs), and integrated device manufacturers (IDMs),” Agarwal stated. “We are already collaborating with fabs in Singapore, Malaysia, Taiwan, and Israel, and we are now setting our sights on expanding into the U.S.”

Adapting to Global Manufacturing Trends

With geopolitical tensions influencing chip manufacturing locales, new investments are flowing into fabs across the globe.

“We’re witnessing aggressive expansions in Malaysia, Singapore, Vietnam, India, and the U.S.,” Agarwal noted. “This trend is beneficial for us, as we’re already situated in the region, and many new facilities are starting anew—unencumbered by legacy systems. This openness makes them more receptive to AI-native approaches like ours from the outset.”

FAQ about SixSense

1. What is SixSense?

SixSense is a female-founded semiconductor AI startup that specializes in leveraging artificial intelligence to innovate in the semiconductor industry. The company aims to enhance performance and efficiency within semiconductor manufacturing processes through cutting-edge AI solutions.

2. How much funding did SixSense recently raise?

SixSense has successfully raised $8.5 million in its latest funding round. This investment will be used to accelerate the development of its AI technologies and expand its market reach.

3. Who are the key investors in SixSense?

The funding round includes participation from notable venture capital firms and angel investors who are committed to promoting diversity in tech and supporting innovative solutions in the semiconductor space.

4. What are the potential applications of SixSense’s AI technology?

The AI solutions developed by SixSense can be applied to various aspects of semiconductor manufacturing, including quality control, process optimization, and predictive maintenance, ultimately leading to increased efficiency and reduced costs for manufacturers.

5. How does SixSense contribute to diversity in the tech industry?

As a female-founded startup, SixSense actively promotes diversity within the tech sector by leading with a strong representation of women in technology and entrepreneurship, aiming to inspire and encourage other women to enter the semiconductor and AI fields.

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AI Data Analyst Startup Julius Secures $10M in Seed Funding

Julius AI Secures $10 Million in Seed Funding to Revolutionize Data Analysis

Julius AI, an innovative startup presenting itself as an AI data analyst, has successfully raised a $10 million seed round led by Bessemer Venture Partners.

A Star-Studded Round of Investment

In addition to Bessemer, Horizon VC, 8VC, Y Combinator, and the AI Grant accelerator participated in the funding round, supported by high-profile angel investors including Perplexity CEO Aravind Srinivas, Vercel CEO Guillermo Rauch, and Twilio co-founder Jeff Lawson.

From Y Combinator to a Unique AI Solution

Founder Rahul Sonwalkar established Julius after his graduation from Y Combinator in 2022, pivoting from an earlier logistics startup he developed during the accelerator program.

Empowering Users with AI-Driven Data Insights

Julius operates like a data scientist, analyzing and visualizing vast datasets while performing predictive modeling through natural language prompts. Its unique features differentiate it from competitors like ChatGPT, Claude, and Google’s Gemini. The platform has already attracted over 2 million users, generating more than 10 million visualizations.

Conversational AI: Making Data Analysis Effortless

“The easiest way to use Julius is to just talk to it,” Sonwalkar explained in a previous TechCrunch interview. “You can interact with the AI like you would with a team analyst, and it will run the necessary code to perform the analysis for you.”

Real-World Applications: Data Visualization Across Industries

Julius is capable of answering intricate questions and presenting results in charts, such as: “Can you visualize how revenue and net income correlate for different industries in China versus the US?”

Academic Recognition: Collaboration with Harvard Business School

Julius’ rich capabilities caught the attention of Harvard Business School professor Iavor Bojinov, who requested Sonwalkar to customize the tool for HBS’ new required course, Data Science and AI for Leaders.

Defying Skepticism: The Importance of Focused Use Cases

Reflecting on his journey, Sonwalkar stated, “People told us you’re not going to succeed,” when considering a product that mirrors foundational model companies. “What we found was that having a focused use case is critical.”

Viral Prank to Entrepreneurial Success

During his time at Y Combinator, Sonwalkar orchestrated a viral prank involving the acquisition of Twitter by Elon Musk. Dressed as a laid-off engineer, Sonwalkar introduced himself as “Rahul Ligma” outside Twitter’s headquarters.

Transitioning from Prankster to Recognized Innovator

Despite the viral appeal of the stunt, Sonwalkar asserts that Julius is the real story now. “I don’t think many people know me for that anymore,” he remarked. “I get recognized for Julius a lot more now.”

Here are five FAQs regarding the news of Julius, the AI data analyst startup that secured a $10 million seed round:

FAQ 1: What is Julius?

Answer: Julius is an innovative startup that utilizes artificial intelligence to provide data analysis solutions. The platform aims to make data insights more accessible to businesses, helping them make informed decisions based on comprehensive data analytics.

FAQ 2: How much funding did Julius recently secure?

Answer: Julius successfully raised $10 million in a seed funding round. This investment is intended to support the development of their platform and expand their market presence.

FAQ 3: Who invested in Julius?

Answer: The details of the investors in this seed round have not been publicly disclosed. However, venture capital firms and angel investors often participate in seed funding rounds, particularly for promising tech startups.

FAQ 4: What will Julius use the $10 million for?

Answer: The funding will likely be allocated towards further developing their AI technology, enhancing their data analytics platform, hiring talent, and expanding their marketing efforts to reach a wider audience.

FAQ 5: What sets Julius apart from other data analytics companies?

Answer: Julius differentiates itself by leveraging advanced AI algorithms to deliver more accurate and actionable insights. Their user-friendly interface and tailored services also aim to simplify data analysis, making it easier for businesses of all sizes to harness the power of their data.

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Mira Murati’s Thinking Machines Lab Secures $2 Billion in Funding, Valued at $10 Billion

The Rise of Thinking Machines Lab: A $2 Billion Seed Round Success

Thinking Machines Lab, the AI startup co-founded by former OpenAI CTO Mira Murati, has successfully closed a $2 billion seed funding, as reported by The Financial Times. This impressive round values the startup at $10 billion, just six months after its inception.

Startup Focus Remains Mysterious

Despite attracting significant investment, the specific focus of Thinking Machines Lab remains unclear. The startup has gained traction by leveraging Murati’s esteemed reputation, alongside a team of high-profile AI researchers, in what may become one of the largest seed funding rounds in history. Sources cited by the FT indicate that Andreessen Horowitz led the funding, with additional support from Sarah Guo’s Conviction Partners.

Mira Murati: From OpenAI to Entrepreneur

Murati departed from OpenAI last September, where she spearheaded the development of key products like ChatGPT and DALL-E. Several of her former colleagues from OpenAI have joined her at the new startup, including co-founder John Schulman.

Leadership Changes Amid Controversy

Murati is among several executives who left OpenAI after raising concerns regarding CEO Sam Altman’s leadership in 2023. Following Altman’s ouster by the board in November of that year, Murati briefly served as interim CEO before Altman was reinstated shortly thereafter.

Here are five FAQs based on the closure of Mira Murati’s Thinking Machines Lab, which recently secured $2 billion at a $10 billion valuation:

FAQ 1: What is Thinking Machines Lab?

Answer: Thinking Machines Lab is an innovative research and development facility focused on advanced AI technologies and machine learning. Under the leadership of Mira Murati, the lab aims to push the boundaries of artificial intelligence applications across various industries.

FAQ 2: How much funding has Thinking Machines Lab recently secured?

Answer: Thinking Machines Lab has recently closed a funding round of $2 billion, significantly boosting its financial resources for further research and development initiatives in the AI space.

FAQ 3: What is the current valuation of Thinking Machines Lab?

Answer: Following the latest funding round, Thinking Machines Lab has reached a valuation of $10 billion. This valuation underscores the growing confidence in its potential and the future of AI technologies.

FAQ 4: What will the funding be primarily used for?

Answer: The $2 billion funding will be primarily allocated to enhance research capabilities, hire top talent, develop cutting-edge AI products, and expand strategic partnerships within the technology ecosystem.

FAQ 5: Who is Mira Murati, and what role does she play in the lab?

Answer: Mira Murati is a prominent figure in the AI field, serving as the head of Thinking Machines Lab. She is known for her leadership and vision, driving innovative projects that harness the power of artificial intelligence for societal benefits.

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