Deal Corner Ep 8: Prolific Raises $32mn
This London-based startup has built a system, which it believes can help tackle problems created by untrained AI models, by tapping its own network of 120,000 human participants to inform and stress test AI models. Of late, the demand for such services, is on the rise and is a right time for Prolific to raise funds and to expand operations.
Prolific is funded by 6 investors and Partech, Oxford Science Enterprises are the most recent investors.
The next deal we are tracking is:
The monies raised will help artists earn a sustainable income throughout their careers.
In Series A round, which closed in February, was led by venture capitalist firm Andreessen Horowitz (a16z), with participation from rapper Snoop Dogg, artist and producer Ryan Tedder, actor Ashton Kutcher-led firm Sound Ventures and more.
Sound has raised a total of $25M in funding over 2 rounds. Their latest funding was raised on Jul 12, 2023 from a Series A round.
In our third big deal, we have Binance Labs’ Investment of $15 mn in Web3 Gaming Startup Xterio
Xterio plans to use the funding to further game and technology development, including artificial intelligence (AI) integration and the launch of its tokens.
Moving on,
Brevan Howard Joins $12 mn Round for Liquid Staking Protocol Alluvial
Joining Software development company fund raising initiative are: Ethereal Ventures and Variant co-led the fund with participation from Brevan Howard Digital, Avon Ventures, Nascent Capital, a capital, Robot Ventures, Fenbushi, IOSG and Blockdaemon, among others.
And, last but not the least:
Artela Raises $6 mn in Seed Funding
This, Fremont, California-based provider of an extensible blockchain network, funding round was led by Shima Capital, with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others.
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