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Researchers created an open rival to OpenAI’s o1

Researchers created an open rival to OpenAI’s o1
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
February 7, 2025

What We're Reading

  • Researchers created an open rival to OpenAI’s o1 ‘reasoning’ model for under $50 [TechCrunch]
  • Lyft’s new AI customer assistant is powered by Anthropic’s Claude [TechCrunch]
  • Amazon reportedly gears up to release next-gen Alexa [TechCrunch]
  • Shein gets more questions from EU about DSA compliance [TechCrunch]

Trending Companies

 

Perspective AI, a company that developed an AI that allows users to conduct quality AI-mediated conversations with customers and teammates to get their invaluable input, raises $4MM Seed from Village Global Venture Capital.

Workflow Management • Palo Alto, CA • Post-Money Valuation

 

Observo AI, a company that developed an AI data pipeline for security and DevOps, raises $15MM Seed from Felicis Ventures.

DevOps • Newark, CA • Post-Money Valuation

 

Cedar Money, a company that develops an international payments platform, raises $9.9MM Seed from QED Investors.

Payment Processing • New York, NY • Post-Money Valuation

 

ClosingLock, a company that provides wire fraud prevention software for the real estate industry, raises $34MM Series B from Sageview Capital.

Fraud Protection • Austin, TX • Post-Money Valuation

 

Castelion, a firm that manufactures military systems intended to provide maximum deterrence at terminal velocity, raises $100MM Debt & Equity Funding from Silicon Valley Bank and Lightspeed Venture Partners.

Military • El Segundo, CA • Post-Money Valuation

 

Ypsilon Therapeutics, a company that develops T cell receptor mimics (TCRm) against validated tumor antigens, receives $2.7MM Grant from Cancer Prevention and Research Institute of Texas.

Biopharmaceuticals • Waltham, MA • Post-Money Valuation

 

Backline, a company that develops an artificial intelligence agents designed to automatically deploy code and configuration changes at scale, raises $9MM Seed from StageOne Ventures.

Automation • Englewood, NJ • Post-Money Valuation

 

CarePilot, a developer of an AI-driven documentation and billing tool, raises $1MM Seed from KCRise Fund.

Electronic Records Management (ERM) • Leawood, KS • Post-Money Valuation

 

Savant Labs, a company that provides cloud-based, AI-powered analytics automation solutions, raises $18.5MM Series A from Dell Technologies Capital.

Workflow Management • San Carlos, CA • Post-Money Valuation

 

Riot Security, a cybersecurity company that provides AI-driven solutions, raises $30MM Series B from Left Lane Capital.

Cyber Security • San Francisco, CA • Post-Money Valuation

 

 

ElevenLabs, a research firm that develops AI voice synthesis software for creators and publishers, raises $180MM Series C from Andreessen Horowitz.

Artificial Intelligence • New York, NY • Post-Money Valuation


Jump AI, a company that develops an AI assistant for financial advisors that automatically creates notes, manages tasks, and streamlines compliance, raises $20MM Series A from Battery Ventures.

Workflow Management • Salt Lake City, UT • Post-Money Valuation

 

Lula, a company that develops property maintenance platform designed to streamline the maintenance process, raises $28MM Series A from PeakSpan Capital.

PropTech • Overland Park, KS • Post-Money Valuation

 

Hidden Level, a company that provides airspace monitoring and drone detection technologies, raises $65MM Series C from DFJ Growth Fund.

Monitoring • Syracuse, NY • Post-Money Valuation

 

SuperOps, a company that provides a platform powered by AI that offers project management, asset management, and IT documentation, raises $25MM Series C from March Capital Partners.

Workflow Management • Claymont, DE • Post-Money Valuation

 

Diag-Nose, a company that operates a precision medicine platform intended to improve the diagnosis and treatment of chronic nasal disorders, raises $2MM Seed from Breakthrough Victoria.

Diagnostics • Bethlehem, PA • Post-Money Valuation

 

Zest Health, a virtual dermatology clinic specializing in psoriasis and eczema, raises $13MM Seed from Roivant Health.

Skincare • New York, NY • Post-Money Valuation

 

Sunbelt Modular acquires Britco, a manufacturer of Oilfield/Rig Housing and Commercial Modular buildings.

Modular • Teague, TX • Deal

 

Inductivehealth acquires Envision Technology, a company that provides immunization information systems and services.

Health Care Technology • Greenwood Village, CO • Deal

 

Brightstar Capital acquires W.W. Williams, a company that offers industrial distribution, repair and services.

Trucks • Columbus, OH • Deal

 

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