### OpenAI’s Startup Roundup: The Revolutionary Company that Impressed OpenAI

Subscribe to the AI Business email newsletter to receive the latest company updates every week. Additionally, tune in to engaging discussions with AI researchers from Fortune 500 companies on the AI Business Podcast available on Apple iPod and Spotify.

Funding Overview

Figure:

• Figure, an AI company based in Sunnyvale, California, is pioneering general-purpose AI robots for diverse human tasks, departing from the historical use of single-purpose computers by enterprises.
• Recently, Figure collaborated with OpenAI to innovate next-gen AI designs for robots, leveraging the strengths of both startups.
• The partnership aims to explore the potential of human-controlled robots driven by advanced multimodal models.
• Noteworthy members of the Figure team include individuals from Boston Dynamics, Tesla, and Google DeepMind.
• Series B Funding: Secured a substantial $675 million investment.
• Investors: Notable backers include Microsoft, OpenAI Startup Fund, Nvidia, Bezos Expeditions, Parkway Venture Capital, and others.
• Utilization Plans: The funding infusion will support AI training, robot manufacturing, team expansion, and commercial deployment enhancements.

Glean:

• Glean, headquartered in Palo Alto, California, offers an AI-powered assistant that delivers tailored responses based on sophisticated search and FAQ technologies.
• The company recently received $200 million in funding, with lead investments from Kleiner Perkins and Lightspeed Venture Partners.
• Funding contributors also include General Catalyst, Sequoia Capital, and other prominent names.
• Funding Strategy: The capital injection will aid in building a robust, user-friendly enterprise AI platform.

Exodigo:

• Israeli firm Exodigo harnesses AI to streamline underground asset detection, leading to significant efficiency gains in locating utility lines.
• Notably, Exodigo has secured $105 million in Series A funding, with primary investments from Greenfield Partners and Zeev Ventures.
• Additional funding sources include National Grid Partners, JIBE, and SquarePeg.
• Utilization Strategy: The funds will drive international team expansion, self-service product development, and market diversification efforts.

AiDash:

• Silicon Valley-based AiDash operates as an organizational SaaS business utilizing satellite imagery and AI to evaluate infrastructure risks.
• The company recently closed a Series C funding round of $50 million, with direct investment from Lightrock and participation from various other investors.
• Funding Objectives: AiDash plans to fuel growth, expand its workforce to 600 employees over the next two years, establish a European headquarters, and pursue global expansion.

Photoroom:

• Parisian AI-powered photo editor Photoroom boasts over 150 million downloads across 180 countries, processing a substantial volume of images annually.
• Recent funding of $43 million in Series B was led by Balderton and Aglae, with Y Combinator as another investor.
• Funding Vision: Photoroom intends to double its team size by 2024 and enhance design capabilities through increased GPU investments.

Novity:

• Novity, based in San Carlos, California, has developed a method with an impressive 85% accuracy in identifying product issues by blending physics-based models with machine learning.
• The latest funding round amounted to $7.8 million, with WERU Investment as the primary investor.
• Funding Allocation: The funds will support the expansion of TruPrognostics AI, customer acquisition, and product fortification.

Chiral:

• Swiss nanotechnology company Chiral pioneers advanced electronics by employing high-speed automated mechanisms for precise material placement.
• The company secured $3.8 million in pre-seed funding, with Founderful and HCVC leading the investment.
• Utilization Strategy: Chiral aims to bolster its workforce and expedite the development of its upcoming device.

For more detailed insights and updates on these innovative ventures, stay tuned to AI Business’s exclusive content channels.