The following tech startups – Beacon AI, Neuron7.ai, Port, Galileo, Gladia — have announced their VC funding from venture capital companies to boost their growth.
Beacon AI Secures $15 mn
Beacon AI, an innovative Silicon Valley-based aviation intelligence startup, announced it has raised $15 million in Series A funding, led by Costanoa Ventures, with significant participation from Scout Ventures, Sam Altman, and JetBlue Ventures, bringing its total funding to $20 million.
Beacon AI aims to integrate AI assistance into professional flight decks to enhance flight safety and efficiency for both defense and commercial aviation sectors. The funding will allow the company to expand its team and accelerate the deployment of its flagship products: Murdock, an AI-powered pilot assistant, and Lighthouse, its data platform and flight management system.
With ten Department of Defense contracts already secured, Beacon AI is well-positioned to meet increasing commercial interest and demand for its products.
Neuron7.ai Secures $44 mn
Neuron7.ai, a leader in Service Resolution Intelligence, has raised $44 million in a Series B funding round led by Smith Point Capital, with existing investors Nexus Venture Partners and Battery Ventures joining the oversubscribed round. This investment brings Neuron7.ai’s total capital raised to over $63 million.
The funding will accelerate product innovation and go-to-market initiatives, enabling Neuron7 to deliver sophisticated AI-powered solutions that resolve complex service issues for enterprise customers across various sectors. Notably, the company has achieved a 300 percent increase in annual recurring revenue (ARR) over the past year.
Port Raises $35 mn
Port, a leading internal developer portal, has raised $35 million in Series B funding, bringing its total funding to $58 million. The round was led by Accel, with participation from Bessemer Venture Partners and existing investors Team8 and TLV Partners.
This significant funding comes on the heels of Port’s impressive growth, including a 7x year-over-year revenue increase and an eightfold expansion of its user base. The investment will enable Port to enhance its platform by integrating popular large language models (LLMs), improving the developer experience by incorporating AI capabilities directly into customized developer portals.
Galileo Raises $45 mn
Galileo, a leader in generative AI evaluation and observability for enterprises, has announced a $45 million Series B funding round led by Scale Venture Partners, with participation from Premji Invest and various strategic investors, bringing its total funding to $68 million.
The funding will enable Galileo to scale its go-to-market strategy and enhance its Evaluation Intelligence platform, which is designed to help AI teams evaluate, monitor, and protect their AI systems. With a staggering 834 percent revenue growth this year, Galileo aims to tackle the challenges enterprises face in reliably testing and measuring AI accuracy and safety.
Gladia Raises $16 mn
Gladia, an AI transcription and audio intelligence provider, has completed a $16 million Series A funding round led by XAnge, with participation from Illuminate Financial, XTX Ventures, Athletico Ventures, Gaingels, Mana Ventures, Motier Ventures, Roosh Ventures, and Soma Capital. This brings Gladia’s total funding to $20.3 million.
Gladia plans to utilize the funding to develop an end-to-end audio infrastructure, starting with a new real-time audio transcription and analytics engine. This engine will provide valuable insights from calls, such as sentiment analysis and conversation summaries, all in real time. The goal is to transition from a speech-to-text API to a comprehensive audio infrastructure provider for various applications, including contact centers and sales enablement tools.
