Contextual AI has successfully raised $80 million in a Series A funding round, led by Greycroft, to enhance its retrieval augmented generation tools for enterprises. The funding aims to accelerate the company's mission to revolutionize the way businesses utilize artificial intelligence. Following this investment, Contextual AI is now valued at approximately $609 million, according to PitchBook. In a related development, Protect AI, which specializes in securing AI models and applications, announced a $60 million Series B funding round led by Evolution Equity Partners, achieving a valuation of $400 million. This investment is intended to bolster Protect AI's capabilities in addressing unique security risks associated with artificial intelligence and machine learning technologies.