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Operational Efficiency Gain
Reported efficiency increase in card-processing workflows for Arena Club after implementing Champ AI.
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Former OpenAI Researcher To Raise $500 Million For AI Science ... - Forbes
Periodic Labs' pitch to use automated laboratories to run thousands of physics and chemistry experiments for its AI models has captured investor attention with a new round valuing it at $7.5 billion.Corbis via Getty ImagesPeriodic Labs, a startup building an AI scientist that can use automated labs to make discoveries, is in advanced talks to raise at a $7.5 billion valuation in a round led by AMP, an investment vehicle founded by former Andreessen Horowitz general partner Anjney Midha, three sources familiar with the matter told Forbes.The round will be at least $500 million, two of the sources said. The round was “significantly oversubscribed” and there are already talks for a fast-follow additional round at even higher valuation, one of the sources said.Periodic Labs did not respond to a request for comment. AMP declined to comment.The aggressive fundraise marks a meteoric rise for the San Francisco-based startup, which emerged in September last year with a $300 million seed round at a $1.3 billion valuation. If the current deal closes at the $7.5 billion mark, Periodic Labs, which debuted on the Forbes AI 50 Brink list this year, will see its value increase nearly sixfold in less than eight months.Bloomberg reported in March that Periodic Labs was in talks for a large funding round with at least a $7 billion valuation.The company was founded by Liam Fedus, a former vice president of research at OpenAI, and Ekin Dogus Cubuk, a former research scientist at Google’s DeepMind. According to the company’s website, Periodic Labs is developing autonomous robotic laboratories to run experiments to create custom data for its AI models. The San Francisco-based company hopes that by running thousands of physics and chemistry experiments it can quickly iterate to discover new materials. It is currently trying to find new superconductors that work at higher temperatures. The company is also currently working with the semiconductor industry, which utilizes Periodic’s AI scientist for research and development.This vision has already attracted a significant roster of talent. Periodic Labs has hired more than 20 researchers from Meta, OpenAI and DeepMind, many of whom walked away from substantial equity packages to join the startup, the New York Times reported last year.For many of the world’s leading AI researchers, the "holy grail" of AI is not a more conversational chatbot, but a tool capable of autonomous scientific discovery. This vision is a cornerstone of OpenAI’...
Netomi Raises $110M to Power AI Customer Experiences
Key TakeawaysThe funding marks a move away from simple chatbots toward Agentic AI Through its partnership with Accenture, Netomi gains an immediate path to the world’s largest enterprises With a track record of handling 40,000+ requests per second for clients like DraftKings, Netomi has proven that its AI can maintain 98% accuracy even during extreme traffic spikes.Netomi, the leading provider of enterprise AI in customer service, announced that it has secured $110 million in Series C funding. The funding was led by Accenture Ventures, with participation from Adobe Ventures, WndrCo, SLW, NAVER Ventures, Metis Strategy, and Fin Capital.The new funding brings Netomi’s total funding to around $160 million and affirms its position in the fast-growing AI CX market. Credibility is further added by the round with participation of AI pioneers such as Greg Brockman, Demis Hassabis, and Mustafa Suleyman. This is a significant vote of confidence by the industry for the “agentic” approach to automation pioneered by Netomi.Moving Beyond Chatbots to “Agentic” AIWhile customers have endured a decade of frustrating chatbots, Netomi is ushering in the Age of Agentic CX. Whereas other bots sit at the edges of the website, Netomi’s platform is driven by AI agents embedded in the core. The agents don’t know the answer; they predict needs and make decisions, doing a refund and restocking shipping orders.Source: netomi“Agentic AI begins a whole new chapter for the customer experience,” says Ndidi Oteh, CEO of Accenture Song. “One that lets brands respond with a deeper understanding, consistency, and intelligence at all touchpoints. Netomi’s platform doesn’t just bring faster service; it opens a new era of emotional connection between people and brands they love.”More News: Earlybird VC Raises €360M for New European Tech FundsBattle-Tested in High-Stakes EnvironmentsNetomi has proved itself able to thrive in “highest stakes” settings where failures and outages aren’t tolerated. Its client base includes global behemoths like United Airlines, Delta Air Lines, Paramount and DraftKings.The platform’s tech savviness has been leveraged in high-profile sporting events. At DraftKings’ platform, Netomi’s AI managed spikes of over 40,000 customer requests per second. At Paramount, it was live in under 2 weeks for their Paramount+ platform. Netomi is built for these kinds of environments, where failure is not an option, said Puneet Mehta. With Accenture, we provide corporations with a dire...
Mother Ventures Closes $10 Million Debut Fund to Back Companies Serving ...
NEW YORK, May 08, 2026--Mother Ventures today announced the close of Fund I, a $10 million early-stage venture capital fund investing in companies where the mother is the primary consumer — a ...
Legora Becomes LawTech Darling With $1.8 Billion Valuation
Legora, the collaborative AI platform for lawyers, today announced the completion of a Series C round of $150 million at a $1.8 billion valuation, led by Bessemer Venture Partners, with significant investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator, to accelerate its global expansion and ...
