TechTaffy

tech:

taffy

Contextual AI raises $20M

By TechTaffy Desk

Palo Alto, Calif.-based Contextual AI, a company creating large language models (LLMs) for enterprises, has raised $20 million in funding. The investment was led by Bain Capital Ventures (BCV), with participation from Lightspeed, Greycroft, and SV Angel.

Angel investors participating in Contextual AI’s fundraising include Elad Gil, Lip-Bu Tan, Sarah Guo, Amjad Masad, Harry Stebbings, Fraser Kelton, Sarah Niyogi and Nathan Benaich.

Find the blog post from Contextual AI announcing the funding here.

[Image courtesy: Contextual AI]

Just in

Artificial Intelligence

Amazon to invest up to $4B in Anthropic

Amazon will invest up to $4 billion in Anthropic, and will acquire a minority ownership stake in the company. The two companies also announced a strategic agreement aimed at the development of generative artificial intelligence (AI) models.  
Series A

Mesh raises $22M

San Francisco, CA-based Mesh, a company working on simplifying digital asset transfers, crypto payments, and account aggregation, has raised $22 million in a Series A funding round.
IT

Cisco to acquire Splunk for $28B

Cisco and Splunk have announced an agreement where Cisco will acquire Splunk for $157 per share in cash, summing up to approximately $28 billion in equity value.
Series A

DynamoFL raises $15.1M

San Francisco, CA-based DynamoFL, has raised $15.1 million in a Series A funding round.
Industry

NetApp, Google Cloud collaborate to provide enterprise storage solutions

NetApp has announced the expansion of its collaboration with Google Cloud to introduce Google Cloud NetApp Volumes.