Your Weekly Industry News Recap

The Raise Recap

This is NEWS for the Canadian AI scene.

Cohere, the AI powerhouse, has officially reached an incredible $6.8 billion valuation. But that’s not all – they’re also teaming up with the Canadian government to supercharge the country's AI efforts and cement its place as a global leader. This strategic partnership is a major vote of confidence and a clear sign of Cohere's soaring trajectory and immense impact on the future of AI!

Sources:

Perplexity, a popular AI startup, has made an incredibly bold bid of $34.5 billion for Google's Chrome browser! 🤯 This is a power play, and It opens the door for interesting outcomes. More on this story

DLA Piper’s article discusses the risks of "agentic misalignment," where AI agents could potentially become an insider threat. 🤖 It’s a serious topic about the future of AI security. Learn more about this new consideration on the growing list of AI agent factors to manage.

A new report warns that AI agents are at risk of being "silently hijacked" by bad actors. 😱 This is a big concern for cybersecurity. Read about the new vulnerabilities

MinIO has launched MinIO Academy to help people learn about object storage, as AI adoption increases the demand for this skill. 📚 It's a great resource for anyone looking to get into the field! Find out more about the academy

Dalhousie University has launched a new program called AI2Market to help researchers and businesses bring their AI innovations to the market. 💡 This is a great initiative to bridge the gap between academia and industry. Learn more about the program

An Australian lawyer had to apologize after AI-generated errors appeared in a murder case. ⚖️ This is a cautionary tale about the importance of human oversight with AI tools. Read the full story here

Krea AI hosted a community event to explore AI art tools and collaboration opportunities. 🎨 It sounds like a fun way to bring artists and AI together! Find out what happened at the event

Orbitype.com has launched as the world's first "agentic word processor." ✍️ It's a new kind of writing tool that promises to change how we create documents. Check out what makes it different

Gong.io is using AI to help with revenue operations. 📈 This article looks at how their platform is using AI to help sales teams. Read more about their solutions

Google has released Gemma 3 - 270M, a new AI model that's a "game-changer" for smartphones! 📱 This could make AI a lot more accessible on mobile devices. Learn about it here

FirstWord Pharma discusses the role of AI in drug development 🧬 It's an interesting look at how technology is speeding up the process of creating new medicines. Read the insights here

Snowflake is talking about how they're making it easier to create "context-rich" AI agents 💡 This will help AI agents understand and use information more effectively. Learn more

AI and agents are helping to reduce those dreaded 3 a.m. wake-up calls for IT professionals ☕ It sounds like AI is making a real difference in preventing system issues. Read the full story

A new report is sounding the alarm about a potential security crisis as more and more AI agents are deployed. 🚨 It's a warning that we need to be more proactive about securing AI. Get the details on the report's findings

BenchSci is making headlines for job cuts, with the company using AI to replace some human roles 📉 This is a sign of how AI is changing the workforce. Read about the company's decision here

Qunova has successfully closed a $10 million Series A funding round! 🎉 This cash injection will help them grow their business and expand their quantum computing solutions. Want to learn more? Check it out here

Evulpo, a Swiss edtech company, has raised $10 million in Series A funding to boost its AI platform. 🎓 This is great news for students and educators! Read more about their plans here

A startup that uses AI to spot financial fraud raises $60 million 💰 This is a huge step in the battle against financial crime. Get the full scoop

Meshed just secured $950,000 in a pre-seed funding round. 🚀 This will help the team continue building their platform. Find out what's next for them

AI Startup Cohere Just Hit $6.8 Billion

AI startup Cohere has reached a valuation of $6.8 billion! 🤯 This is a massive milestone for the company and shows just how much growth is happening in the AI sector. Read more about their journey:

https://www.eweek.com/news/ai-startup-cohere-just-hit-68-billion/

Arintra, a company focused on medical coding with AI, has raised $21 million in Series A funding 🩺 This will help them transform healthcare with their technology. Learn more about their plans

Coraly AI just landed $2 million in a pre-seed round! 🌱 This is a great start for this new AI venture. Check out what they're all about here

Refold has raised $6.5 million to build AI agents that handle API integrations 🤖 This could make life a lot easier for developers! Read more about their tech here

Protege just secured a cool $25 million in Series A funding 💸 This funding will help them accelerate their growth and continue their work. Read the full story

DealOps has raised $7 million to help power revenue operations using AI! 🚀 This is a big step for sales and business growth. Get the details

Edgx has successfully raised seed funding to bring AI-powered computing to small satellites 🛰️ This is an exciting development for space technology! Find out more

Uno has raised $3.5 million to bring their "pragmatic vibe coding" to enterprise clients. This is a great move for developers. Read more about their latest funding

Electronics 3D AI Chips just secured $8.8 million in a pre-Series A funding round! 💰 This will help them continue to develop their innovative technology. Learn more about their chips

Datumo, a startup from Seoul, has raised a significant $15.5 million to take on industry giant Scale AI 🥊 This is a major play in the AI data space! Check out their strategy

Graas.ai has raised $9 million to launch an "Agent Foundry" for e-commerce automation 🛍️ This is great news for online businesses! Read more about their new platform

Squint just secured a huge $40 million in Series B funding to help modernize manufacturing with AI 🏭 This will help factories become smarter and more efficient. Find out more about their work