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Typeface raises $65M

Typeface, a generative AI application provider for enterprise content creation, has raised $65 million.

Investors in the round include Lightspeed Venture Partners, GV (Google Ventures), M12 (Microsoft’s Venture Fund), and Menlo Ventures.

Typeface is led by former CTO of Adobe, Abhay Parasnis, and came out of stealth mode with the funding announcement.

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Spellbook raises $10.9M (Canada)

Toronto & St. John's, Newfoundland-based Spellbook has raised $10.9 million in funding.

Axelera AI raises $50M (The Netherlands)

Axelera AI announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.