Topic: annual recurring revenue
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Assort Health Raises $50M to Automate Patient Phone Calls
Assort Health raised $50 million in Series B funding, reaching a $750 million valuation, to advance AI voice agents for automating patient communication tasks like scheduling and inquiries. The funding reflects strong investor confidence in AI's role in improving operational efficiency and reduci...
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UC Berkeley Dropouts Raise $28M for AI Marketing Startup
A pair of UC Berkeley dropouts have secured $28 million in Series A funding for their AI-powered marketing automation platform, Conversion, proving that unconventional paths can lead to remarkable success in the tech world. The round was led by Abstract Ventures, with additional backing from ...
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AI Coding Firm Cognition Acquires Windsurf, Creator of Devin
Cognition acquired rival firm Windsurf in a major AI coding industry shakeup, following Google's $2.4 billion executive poaching and OpenAI's expired $3 billion offer. The deal includes Windsurf's intellectual property, remaining 250-person team, and $82 million in annual revenue, with plans to e...
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Lovable No-Code Platform Targets $150M Raise for Unicorn Status
Swedish no-code platform Lovable is negotiating a $150 million funding round, potentially valuing it at $2 billion, making it one of Europe’s top AI startups. Founded in 2023, Lovable has achieved $75 million in annual recurring revenue by enabling non-technical users to build apps and websites w...
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AI Medical Scribe Abridge Hits $5.3B Valuation in Just 4 Months
Abridge raised $300 million in Series E funding, led by Andreessen Horowitz, boosting its valuation to $5.3 billion and highlighting rapid growth in the AI medical documentation sector. The company leads the AI medical scribe market with partnerships like Epic Systems, serving over 150 U.S. healt...
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Horizon3.ai Secures $100M in New Funding Round
Horizon3.ai raised $100 million in its latest funding round, with $73 million confirmed, highlighting strong investor confidence in automated security solutions amid rising cyber threats. The funding round, led by New Enterprise Associates (NEA), could value Horizon3.ai at over $750 million, with...
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Rork’s Founders Went Viral, Raised $2.8M from a16z
Rork's founders, Levan Kvirkvelia and Daniel Dhawan, transformed near-failure into success by securing $2.8 million in seed funding after a viral tweet highlighted their no-code mobile app builder. A $100,000 investment from Austen Allred sparked rapid funding, including backing from Andreessen H...
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