Venture investors poured more than $200 million into four artificial-intelligence startups this week, underscoring continued appetite for technologies that promise to automate tasks across cybersecurity, professional services, heavy industry and creative design. Tel Aviv-based Guardz secured a $56 million Series B that will help the company extend enterprise-grade cybersecurity tools to small and midsize businesses through managed service providers. The financing positions Guardz to expand its AI-driven platform, which detects and responds to threats across email, endpoints and cloud applications. San Francisco-based Laurel, whose software automates timekeeping and generates analytics for law, accounting and consulting firms, closed a $100 million Series C. The round was led by Insight Venture Partners, with backing from GV and 01 Advisors, and will fund product development and international expansion as professional-services firms look to recapture billable hours lost to manual tracking. In the industrial sector, AIM raised $50 million from investors including General Catalyst. The Berkeley-rooted company retrofits bulldozers, excavators and other heavy equipment with autonomous capabilities aimed at improving safety and productivity on construction and mining sites. Sweden- and Israel-based Weavy emerged from stealth with a $4 million seed round led by Entree Capital. The startup integrates generative-AI models with professional editing tools, allowing design teams to collaborate on image and video creation while maintaining brand consistency.
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The company, which provides artificial intelligence-enabled, human-driven managed detection and response (MDR), is backed by Springcoast Capital Partners, ABS Capital, Goldman Sachs and Vista Credit Partners. https://t.co/BFgESzsRf6
AIM Automates Construction and Mining with World’s First AI Platform for Heavy Machinery, Announces $50 Million in Funding https://t.co/C5GhqaTw7b