AI Startup Roundup: Google and Nvidia Invest in Innovative Machine Learning Company

**Weekly Startup Spotlight: Innovating with AI**

Stay informed on the latest developments in the tech landscape by exploring the cutting-edge startups making waves this week. Below, we highlight several innovative companies leveraging artificial intelligence to enhance functionality across various industries.

### CentML

Operating between Toronto and San Francisco, CentML is revolutionizing the deployment of machine learning models with its state-of-the-art software platform. Designed to boost performance without sacrificing accuracy, the CentML platform boasts an optimized Meta Llama 2 model, delivering performance that's three times faster on previous-generation GPUs, significantly cutting running costs by 60%.

**Latest Funding:** $27 million in a seed round

**Lead Investors:** Google’s Gradient Ventures

**Other Investors:** Nvidia, Deloitte Ventures, Thomson Reuters Ventures, Radical Ventures

### LegalMation

Based in Los Angeles, LegalMation utilizes artificial intelligence to transform the workflow of legal professionals. Its platform streamlines responses to lawsuits and discovery requests, leveraging clients’ historical data for greater efficiency. With customers like Walmart and prominent law firms such as Sheppard Mullin, Nelson Mullins, and Baker Donelson, LegalMation is proving to be indispensable in the legal industry.

**Latest Funding:** $15 million in a Series A round

**Lead Investor:** Aquiline Capital Partners

**Other Investors:** Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set, Brentwood Investments

**Funding Plans:** The new capital will enhance platform functionality and support the development of advanced litigation workflow automation and analytics tools.

### Twelve Labs

Headquartered in South Korea with a presence in San Francisco, Twelve Labs is at the forefront of multimodal AI applications. This startup focuses on building intelligent video applications and has developed its own video-language foundation model, Pegasus-1, which features an impressive 80 billion parameters capable of generating text outputs from video inputs.

**Latest Funding:** $9.7 million in a pre-Series A round

**Investors:** Nvidia, Samsung Next, Korea Investment Partners

### Leucine

Leucine specializes in AI-driven compliance monitoring solutions for pharmaceutical manufacturers, consolidating multiple manufacturer environments into one integrated digital platform. This innovation provides critical insights into potential compliance risks, supporting major companies like Mylan and Dr. Reddy’s in navigating regulatory landscapes effectively.

**Latest Funding:** $7 million in a Series A round

**Lead Investor:** Ecolab

**Other Investors:** Pravega Ventures

### Klu

With teams located in both London and San Francisco, Klu is crafting a large language model application platform aimed at building, evaluating, and optimizing AI applications. Their platform includes powerful tools for prototyping and accessing leading AI models such as GPT-4 and Llama 2, with notable clients including Colab, Zavvy, and Productlane.

**Latest Funding:** $1.7 million in a pre-seed round

**Lead Investor:** Firstminute Capital

**Other Investors:** a16z, Sequoia Capital, Craft Ventures, Atomico

Explore these groundbreaking startups that harness AI technology to redefine their industries, paving the way for a more efficient and intelligent future.