Morning VC Brief丨2024.10.10

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/ Long-duration Energy Storage Startup Form Energy raises $405M Series F

2/ AI Cloud Platform TensorWave raises $43M Venture Round

3/ Medical Data Labelling Startup Centaur Labs raises $16M Series B

4/ AI Testing Platform Distributional raises $19M Series A

5/ GTM Data Platform Unify raises $12M Series A

6/ Social Commerce Platform Claim raises $12M Series A

7/ AI-powered Construction Drawing Startup Drawer AI raises $5M Seed Round

8/ AI-powered Proposal Development Solution Vultron raises $4.85M Seed Round

01. Venture News

1/ Long-duration Energy Storage Startup Form Energy raises $405M Series F

Form Energy develops and commercializes a low-cost battery system that can store wind and solar energy for a long duration. This round was led by T. Rowe Price and GE Vernova with participation from Breakthrough Energy Ventures, Prelude Ventures, and more. Link

2/ AI Cloud Platform TensorWave raises $43M Venture Round

TensorWave is a cutting-edge cloud platform designed specifically for AI workloads, offering AMD MI300X accelerators and a best-in-class inference engine. This round was led by Nexus Venture Partners with participation from Andreessen Horowitz, Operator Collective, and more. Link

3/ Medical Data Labelling Startup Centaur Labs raises $16M Series B

Centaur Labs is the leader in health data annotation. Centaur Labs launched its on-demand AI data labeling product, which enables AI developers to collect labels from experts in less than one hour. This round was led by SignalFire with participation from Matrix, Accel, Susa Ventures, Y Combinator, and more. Link

4/ AI Testing Platform Distributional raises $19M Series A

Distributional is building the modern enterprise platform for consistent, adaptive and reliable AI testing. This round was led by Two Sigma Ventures with participation from AMD, Translink Capital, and more. Link

5/ GTM Data Platform Unify raises $12M Series A

Unify is mission to be the best platform for revenue teams to have creative, thoughtful and delightful interactions with their customers. This round was led by Emergence Capital and Thrive Capital with participation from OpenAI Startup Fund, Neo, Abstract, and more. Link

6/ Social Commerce Platform Claim raises $12M Series A

Claim is a viral social shopping app lets brands invest directly in customer acquisition through weekly Drops that help Gen Z discover their new favorite things. This round was led by VMG Technology with participation from Sequoia Capital, Susa Ventures, and more. Link

7/ AI-powered Construction Drawing Startup Drawer AI raises $5M Seed Round

Drawer is an AI software for developing construction drawings, specs, and models. This round was led by Brick & Mortar Ventures with participation from Base10 Partners, and more. Link

8/ AI-powered Proposal Development Solution Vultron raises $4.85M Seed Round

Vultron, a Generative AI Proposal Development platform, is redefining the government RFP and solicitation response process. This round was led by Craft Ventures and Long Journey Ventures with participation from South Park Commons, Conviction Embed, and more. Link