Morning VC Brief丨2024.09.20

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

00. TL;DR

1/ Transportation Payment Solution AtoB raises $130M Series C

2/ AI Healthcare Agents Hippocratic AI raises $17M Series A+ at $500M

3/ Sustainable Aviation Fuels Startup Air Company raises $55M Series B

4/ GenAI Dev Platform Fal raises $14M Series A

5/ Customer Platform for Multi-location Brands Momos raises $10M Series A

6/ AI Notetaker Fathom raises $17M Series A

7/ Blue-collar Recruitment Platform Vahan raises $10M Series B

8/ Nvidia Teams Up With AI Firm G42 to Create Climate Tech Lab

01. Venture News

1/ Transportation Payment Solution AtoB raises $130M Series C

AtoB helps drivers optimize their finances, reduce fraud, and maintain the stability essential for success in a challenging industry. This round was led by General Catalyst, Bloomberg Beta with participation from Mastercard, and more. Link

2/ AI Healthcare Agents Hippocratic AI raises $17M Series A+ at $500M

Hippocratic AI is building the first large language model for healthcare with an initial focus on non-diagnostic, patient-facing applications. This round was led by NVentures with participation from Greycroft, 7Wire Ventures, and more. Link

3/ Sustainable Aviation Fuels Startup Air Company raises $55M Series B

Air Company is at the forefront of creating scalable sustainable aviation fuel (SAF) produced from carbon dioxide, which seamlessly integrates into existing aircraft and infrastructure. This round was led by Avfuel with participation from Lowercarbon Capital, IQT, Alaska Airlines, and more. Link

4/ GenAI Dev Platform Fal raises $14M Series A

Fal.ai is a dev-focused platform for AI-generated audio, video, and images. This round was led by Kindred Ventures with participation from Andreessen Horowitz, Black Forest Labs co-founder Robin Rombach, and Perplexity CEO Aravind Srinivas, and more. Link

5/ Customer Platform for Multi-location Brands Momos raises $10M Series A

Momos is mission to help food and beverage, retail, and other multi-location businesses drive their entire customer lifecycle, all powered by AI. This round was led by 645 Ventures with participation from Alpha Wave Global, Peak XV, Soma Capital, FJ Labs, and more. Link

6/ AI Notetaker Fathom raises $17M Series A

Fathom records, transcribes, highlights, and summarizes meetings. Fathom’s revenue increased by 90x and usage by 20x over the last two years. This round was led by Telescope with participation from Rackhouse Venture Capital, Maven Ventures, and more. Link

7/ Blue-collar Recruitment Platform Vahan raises $10M Series B

Vahan utilises cutting edge AI technology that enables businesses to scale their blue-collar workforce through recruitment and payroll or staffing. This round was led by Khosla Ventures with participation from Y Combinator, Gaingels, and more. Link

02. Tech News & Updates

1/ Nvidia Teams Up With AI Firm G42 to Create Climate Tech Lab

Nvidia is teaming up with Abu Dhabi-based G42 to create a climate technology lab, marking its first partnership with the United Arab Emirates’ top artificial intelligence firm. The two companies will work on developing AI that can improve the accuracy of weather forecasting. They will rely on Nvidia’s Earth-2, an open platform that can make climate and weather predictions. Link