News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Intelligence, the company behind AI ranking platform Design Arena, raised $7.9 million in a seed round led by Index Ventures. The platform, which uses human feedback to evaluate media-generating models, has 5.3 million users and generates $60 million in annual recurring revenue. The funding will support the company's growth in the AI evaluation space.
Intelligence, the company behind AI ranking tool DesignArena, has raised $7.9 million in a seed round led by Index Ventures. The platform, used by 5.3 million people, generates $60 million in annual recurring revenue by providing human preference data to frontier AI labs. The funding will help scale the service as demand for human-led evaluation grows amid concerns about automated benchmark manipulation.
Enigma, a robotics research lab emerging from stealth, has raised $70 million in seed funding led by Index Ventures and Ribbit Capital. The startup aims to study how humans naturally interact with robots, launching a large-scale online experiment with over 100 proprietary AI robots. Co-founders Jonathan Jacobi and Gal Niv, both cybersecurity veterans, believe robot control should be as intuitive as adjusting a car's volume knob.
Parallel Web Systems, founded by ex-Twitter CEO Parag Agrawal, raised $100 million in Series B funding at a $2 billion valuation. Sequoia led the round, with participation from Kleiner Perkins, Index Ventures, Khosla Ventures, First Round Capital, Spark Capital, and Terrain Capital. This follows a $100 million Series A five months ago at $740 million valuation, bringing total funding to $230 million.