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Why is AI so bad at spelling?

Why is AI so bad at spelling?
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
March 25, 2024

What We're Reading

  • Why is AI so bad at spelling? Because image generators aren’t actually reading text [TechCrunch]
  • Saudi humanoid robot won't talk about sex or politics, creator says [Business Insider]
  • DOJ calls Apple’s privacy justifications an ‘elastic shield’ for financial gains [TechCrunch]
  • A new web3 network is being built right now that wants to end Big Tech’s control of your data [TechCrunch]

Trending Companies

Flosonics, a company that develops non-invasive devices designed to focus on the intersection of wearable sensors, ultrasound, and connected devices, raises $20MM Series C from New Leaf Venture Partners (NLV).

Medical Devices • Ontario, Canada


Figure Markets, a company that develops a digital asset platform, raises $60MM Series A from Pantera Capital.

Blockchain • San Francisco, CA • Post-Money Valuation


Pocket FM, a company developer of a social audio platform designed to provide audiobooks and podcasts, raises $103MM Series D from Lightspeed Venture Partners.

Audio • Bengaluru, India


Future Technologies, a company that operates in the commercial & industrial engineering industry, receives a $14MM Grant from Undisclosed Investors.

Communications • Suwanee, GA • Post-Money Valuation


Fetch, a company that allows shoppers to earn free rewards on their everyday purchases by snapping photos of their receipts or submitting electronic receipts, raises $50MM Debt Funding from Morgan Stanley Private Credit.

Retail • Madison, WI • Post-Money Valuation


Dymium, a firm that develops a data protection and security platform designed to accelerate innovation without compromising security, raises $7MM Equity Funding from Two Bear Capital.

Network Security • Los Gatos, CA • Post-Money Valuation


Sprih, a firm that provides AI technology platform that helps companies simplify their journey towards sustainability, raises $3MM Seed from Leo Capital.

Artificial Intelligence • Philadelphia, PA • Post-Money Valuation


Monaire, a firm that uses AI to curb waste and emissions from small commercial buildings, raises $3.5MM Seed from Construct Capital.

Artificial Intelligence • Waltham, MA • Post-Money Valuation


Blue Laser Fusion, a laser fusion technology company, raises $37.5MM Seed from SoftBank.

Laser • Goleta, CA • Post-Money Valuation


LeakSignal, a firm that operates data plane security platform, raises $1.6MM Seed from Shasta Ventures.

Cyber Security • Covina, CA • Post-Money Valuation



WavMaker, a developer of a music licensing platform designed to help video producers find the perfect song, raises $5MM Seed from Vicky Patel.

SaaS • Franklin, TN • Post-Money Valuation


Buzz Solutions, a developer of AI-powered visual data processing software solutions aimed at optimizing visual inspections and enhancing grid security in various industries, particularly in power line asset management, raises $5MM Equity Funding from GoPoint Ventures.

Software • Palo Alto, CA • Post-Money Valuation


BodiData, a technology company specializing in data-driven size-matching solutions for the retail and uniform industries, raises $2MM Equity Funding from Undisclosed Investors.

3D • Saint Petersburg, FL • Post-Money Valuation


Mermaid Chart, a developer of charting tools that allow our customers to create different types of diagrams, raises $7.5MM Seed from Sequoia Capital.

Enterprise Software • San Francisco, CA • Post-Money Valuation


Fuel Me, a diesel fuel supplier specializing in off-road diesel delivery, bulk fuel, and emergency diesel delivery services, raises $18MM Series A from Pritzker Group Venture Capital.

Gas Station • Willowbrook, IL • Post-Money Valuation, a company that develops an online chat application that uses artificial intelligence algorithms to generate virtual and fictional characters, raises $1.5MM Equity Funding from Undisclosed Investors.

Artificial Intelligence • Santa Monica, CA • Post-Money Valuation


Synopsys acquires Intrinsic ID, a provider of Physical Unclonable Function (PUF) IP used in the design of system-on-chips.

Embedded Systems • Sunnyvale, CA • Deal


ARS Advertising completes its acquisition of Manifest, a marketing and media production company.

Creative Agency • New York, NY • Deal


LAZ Parking acquires International Parking Management, a operator of parking stalls.

Commercial Services • Seattle, WA • Deal


Rubicon Technology invests in Ascend, a company that develops advanced energy software intended to optimize electric power supply resources.

Commercial Services • Seattle, WA • Deal

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