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Making AI trustworthy: Can we overcome black-box hallucinations?

Making AI trustworthy: Can we overcome black-box hallucinations?
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
August 25, 2023

What We're Reading

  • Making AI trustworthy: Can we overcome black-box hallucinations? [TechCrunch] 
  • Max to add 24/7 live streaming news with ‘CNN Max’ in the U.S. [TechCrunch] 
  • Meta releases Code Llama, a code-generating AI model [TechCrunch]  
  • Google to go further on ads transparency and data access for researchers as EU digital rulebook reboot kicks in [TechCrunch] 

Trending Companies


Yard Stick, a developer of soil carbon measurement devices, raises $10.6MM Series A from Toyota Ventures Climate Fund.

Industrial Products • Cambridge, MA • Post-Money Valuation


Venteur, a firm that operates a health insurance system, raises $7.6MM Seed from GSR Ventures.

Insurtech • Berkeley, CA • Post-Money Valuation


Teamshares, an employee ownership platform for small business, raises $124MM Series D from Frank Rotman.

Finance • Brooklyn, NY • Post-Money Valuation


Viome Life Sciences, a company that offers a medical kit that helps determine the microbial composition of stool samples, raises $86.5MM Series C from Khosla Ventures.

Health Care • New York, NY • Post-Money Valuation


Finofo, a developer of a fintech platform that allows businesses to bank internationally, convert currencies, and automate their accounts payables, raises C$1.6MM Pre-Seed from Motivate Venture.

Fintech • Alberta, Canada

Lyric, a company that developed a claims processing platform, raises $90.9MM Equity Funding from undisclosed investors.

Claims Processing • King of Prussia, PA • Post-Money Valuation

Arccos, a developer of an artificial intelligence platform that provides golfers with Automatic Shot Tracking, Smart Distance Club Averages, A.I. Powered GPS Rangefinder, raises $20MM Series C from PGA Tour.

Electronic Components • Stamford, CT • Post-Money Valuation


Mendaera, a developer of a platform that combines real-time imaging, robotics and artificial intelligence to make intervention more accessible, raises $24MM Series A from Lux Capital.

Health Care Technology • San Mateo, CA • Post-Money Valuation, a developer of artificial intelligence focused on autonomous vehicles, raises $55MM Series C from Freeman Group.

Software • Menlo Park, CA • Post-Money Valuation


Made on Earth, a mobile game development company, raises $3.25MM Equity Funding from GEM Capital.

Apps • Camden, DE • Post-Money Valuation



StoreConnect, a company that provides SMBs with a Customer Commerce platform built on Salesforce to enhance connections with a brand-new range of customers, raises $9MM Seed from Bellini Capital.

SaaS • San Francisco, CA • Post-Money Valuation


Crowda, a provider of an AI-powered funding platform designed to streamline and enhance real estate development projects, raises $1MM Pre-Seed from undisclosed investors.

Real Estate Technology • Austin, TX • Post-Money Valuation

Massdriver, a developer of a cloud operations platform that helps reduce infrastructure burdens, raises $8MM Equity Funding from Builders VC.

Platform-as-a-Service (PaaS) • Pasadena, CA • Post-Money Valuation

Pavion acquires RFI Enterprises, a provider of integrated security, fire and life safety solutions to businesses.

Security • San Jose, CA • Deal


Atairos invests in Antares Audio Technologies, a developer of vocal pitch-correction software platform for the music industry.

SaaS • Santa Cruz, CA • Deal


Spitrex Orthopedics acquires Watershed Idea Foundry, a provider of concept development, regulatory submissions and contract manufacturing of titanium 3D printed medical devices.

3D • Carlsbad, CA • Deal


Garden Streets acquires Revive, a company that provides human resources services.

Staffing • Santa Monica, CA • Deal


Safe Fleet acquires Merlot Tarpaulin, a manufacturer of tarping systems for the trucking and tarpaulin industry.

Industrial • Verona, PA • Deal


PES Benefits acquires nRolltech, a benefits technology company.

IT Consulting • Jacksonville, FL • Deal


Regency Centers completes its acquisition of Urstadt Biddle Properties, a company that engages in acquisition and management of commercial real estate.

Real Estate Investment • Greenwich, CT • Deal


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