
In a significant move within the AI sector, two startups have announced major funding rounds, highlighting the growing investor interest in artificial intelligence technologies. The first, an unnamed company, shared the news of raising $106M in a funding round led by SalesforceVC, with participation from Coatue Management and existing investors. This round aims to accelerate the company's vision of bringing innovations from research to production, focusing on building a robust platform. The company also revealed achieving a $1.25B valuation, entering the unicorn status, and its commitment to aiding teams worldwide in building general AI applications. On a related note, AI-focused big data startup Unstructured announced a $40M Series B funding round led by Menlo Ventures, with contributions from Madrona, Bain Capital Ventures, Mango Capital, and industry leaders such as NVentures at NVIDIA, Databricks Ventures, and IBM Ventures. Menlo Ventures expressed excitement about adding Unstructured to its portfolio, emphasizing its role as a leader in ETL for AI/ML workloads and its contribution to the modern AI stack alongside other technologies.
We're big fans of @UnstructuredIO and @_Brian_Raymond's work to clean up the "ugly underside" of AI, which is why we've partnered with them from the seed to today. Congrats to the team on their Series B! https://t.co/LJzCdzyFEG
Congrats, @UnstructuredIO, on your latest round of funding. Founder & CEO @_Brian_Raymond recently reflected on the early days of the company and the founder/investor relationship. Read the whole interview for more on why he wanted to work with Madrona: https://t.co/t1TN6JebTi https://t.co/hf7ZBIGhYT
If you’ve been tracking our investments recently, a steady theme is “We back the AI stack.” Our latest investment, @UnstructuredIO, is a nice addition to the Menlo portfolio, which includes AI stack technologies @pinecone, @AnthropicAI, and @neondatabase. For more on the… https://t.co/E6cClwjCfr




