Yesterday, we covered some examples of AI-focused companies in the Prime Unicorn Index. Today, we will cover more examples of instances of AI in the Index.
KoBold Metals Company (AKA: KoBold) utilizes AI technologies to drive the exploration of minerals pivotal to the progression of electric vehicles and renewable energy. The business’s sophisticated data platform amasses, organizes, and promptly prepares extensive scientific data for detailed scrutiny. The analysis employs various methods, from ensemble machine learning and comprehensive physics joint inversions to computer vision, to reliably predict the makeup of the underground layers. This innovative approach significantly enhances the speed and efficiency of exploring natural resources for their clientele.
KoBold has raised $410.25 million, most recently raising $195 million in a Series B-Prime round in March 2023 at a preferred price per share of $42.78, valuing the company at roughly $1.2 billion. The round was led by Andreessen Horowitz, with participation from T. Rowe Price, Jeff Bezos, Breakthrough Energy, and BOND Capital.
Standard Cognition, Corp. (DBA: Standard AI) is developing an AI checkout shopping system. The system allows consumers to shop and pay without scanning or stopping at the checkout.
Standard AI has raised $238.09 million, most recently raising $149.57 million in a Series C round in February 2021 at a PPPS of $40.35, valuing the company at roughly $1.1 billion. The round was led by Softbank, with participation from G Squared, Agnostic Ventures, EQT Ventures, CRV, and others.
Attentive Mobile, Inc. (FKA: Franklin Mobile, Inc.) provides a personalized text messaging platform built for brands and organizations. The company uses generative and conversational AI to assist marketers in outreach campaigns through predictive targeting, content creation, and customer concierge services.
Attentive has raised $863.01 million, most recently raising $470 million in a Series E round in March 2021 at a PPPS of $45.66, valuing the company at $7.4 billion. The round included participation from Coatue, D1 Capital Partners, Tiger Global, IVP, and Base10.
Course Hero, Inc. (FKA: TheCollegeFreeway) is a United States-based educational technology company that provides students with course-specific content, tools, and services and offers crowd-sourced study documents, tutors, and customizable flashcards. The company connects content and subject-matter experts with learners and has approximately 7,660,000 educational resources. To respond to the recent launches of generative AI products, Course Hero recently launched its own AI Homework Help tool, which is trained on Course Hero’s vast database of resources. To use the tool, students upload a document, and the AI tool will attempt to answer the questions.
Course Hero has raised $475.86 million, most recently raising $380 million in a Series C round in December 2021 at a PPPS of $36.28, valuing the company at $3.4 billion. The round included participation from Sequoia, D1 Capital Partners, Wellington, and OMERS Private Equity.
CoreWeave (FKA: Atlantic Crypto Corporation) is a specialized cloud provider, delivering a massive scale of GPU compute resources on top of the industry’s fastest and most flexible infrastructure. CoreWeave, backed by Nvidia, has recently seen a considerable increase in revenue by renting Nvidia’s hard-to-get GPUs to AI and ML companies. These GPUs were initially used for mining Ethereum, a cryptocurrency.
CoreWeave has raised $481.6 million in equity, most recently raising a $200 million Series B round in May 2023 at a PPPS of $111.53, valuing the company at $2.3 billion. The round was led by Magnetar Capital.
Verbit provides technologies that make content in classrooms, workplaces, and online environments more accessible. The company utilizes automated speech recognition technology to create captions for live and recorded audio and video. This allows organizations to make better use of their audio and video files.
Verbit has raised $531.95 million, most recently raising $250 million in a Series E round in November 2021 at a PPPS of $14.55, valuing the company at $2 billion. The round was led by Third Point Capital, with participation from Sapphire Ventures, Disruptive AI, Titan Capital Partners, and Vertex Growth, among others.