AI Drug Development Startup Genesis Raises $200 Million for AI Drug Development


Majestic Labs, founded by three former Google and Meta engineers, has secured $1 billion in funding, focusing on developing high-capacity AI servers to reduce data center costs. Its patented silicon architecture can increase server memory capacity by 1000 times, with a single system capable of replacing up to ten traditional server racks.
Artificial intelligence startup Mercor has completed a $350 million funding round, led by Felicis with additional investments from Benchmark. The company was founded by three Thiel Fellows and has shifted its focus from recruitment decisions to hiring skilled talent for training AI models.
AI startup Mercor raised $350M at a $10B valuation, led by Felicis with Benchmark, General Catalyst, and Robinhood Ventures participating. Funds will enhance three core areas.....
Recently, Groq, a pioneer in AI inference technology, announced the successful fundraising of $750 million, with its valuation reaching $6.9 billion after the funding. This round was led by the Texas-based investment company Disruptive, and it also received significant investments from Blackstone, Newport Group, Deutsche Telekom Capital Partners, and a major U.S. West Coast fund manager. Additionally, companies such as Samsung, Cisco, D1, Altimeter, 1789Capital, and Infinitum continued to support the company.
AI search firm Perplexity secures $200M in new funding, reaching a $20B valuation, up $2B from two months ago. Total funding hits $1.5B over three years; lead investor undisclosed.....