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

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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

Foxy.ai, 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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