We highlight notable generative AI deals, partnerships, and big tech activity in December 2024.
Our experts curated the content below using CBI Instant Insights, a one-click AI analysis and summarization tool. Click on company profiles for more details and sourcing information.
NOTABLE DEALS
Databricks | $10B Series J at a $62B valuation
- Data intelligence platform Databricks plans to use the funding to invest in new AI products, pursue acquisitions, and expand international operations.
- The company expects to exceed $3B in annual revenue by the fiscal year ending January 2025; its recent quarter sales growth exceeded 60%.
- Round investors: Andreessen Horowitz (Lead), DST Global (Lead), and 14 more
Perplexity | $500M Series C at a $9B valuation
- Perplexity develops an AI-powered search engine providing conversational answers and information synthesis.
- The company’s recent acquisition of data connectivity startup Carbon aims to connect external data sources to its AI models, enhancing user experience.
- Round investors: Institutional Venture Partners (Lead), B Capital, and three more
Zhipu AI | $412M Series D at a $3B valuation
- Zhipu AI develops large language models and AI applications for enterprise and consumer use.
- Zhipu AI plans to use the funds to enhance its base models to handle complex, multi-modal tasks.
- After lowering prices, the company reported over 100% growth in commercial revenue and a significant increase in API revenue.
- Round investors: Legend Capital and undisclosed investors
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