Observo AI, a leader in AI-driven security and observability data pipelines, has announced a major leadership addition. David Young joins as the new Chief Revenue Officer (CRO), bringing over 20 years of expertise in driving growth and leading transformative sales and customer success initiatives. Read More

Tessl, founded by Guy Podjarny (also known as Guypo), a renowned developer security entrepreneur, has raised $125 million to redefine how software is built in the AI-driven era. With a transformative approach to software development, Tessl is pioneering the AI Native Software Development movement, shifting the focus from traditional code-centric models to a more flexible, spec-centric framework. The latest funding round includes a $100M Series A led by Index Ventures, with contributions from Accel, GV, and Boldstart Ventures. This follows an earlier unannounced $25M Seed round earlier this year. The raised capital will enable Tessl to accelerate platform development and expand its team in AI research, engineering, and product design. Read More

Sunthetics, a pioneering AI technology company, has successfully closed a $4 million Seed round, led by L'ATTITUDE Ventures and supported by S3 Ventures, Hearst Level Up Ventures, and the Global Impact Fund II. The funding will support the expansion of Sunthetics' team and enhance its machine learning platform, designed to revolutionize the pharmaceutical and chemical research and development (R&D) processes by drastically reducing time-to-market and R&D costs. Read More

Synerise, a leader in AI-driven behavioral modeling and big data solutions, secures an $8.5 million investment from VTEX and business angels, solidifying its position in global commerce. Read More

Phaidra, an AI-based control system that helps mission-critical facilities like data centers improve energy efficiency and increase compute infrastructure, today announced $12 million in new funding led by Index Ventures, bringing their total capital raised to $60.5 million. This new funding will allow Phaidra to accelerate the expansion of its autonomous control systems, which use reinforcement learning to help data centers optimize their power usage while improving reliability. The announcement comes at a time when rapid AI innovation relies on scaling compute. This, combined with a shortage of power and skilled labor needed to support mission-critical facilities like data centers, is contributing to a global crisis where AI innovation is constrained by a lack of compute infrastructure. Read More

The adoption of artificial intelligence (AI) in professional service automation and project deliveries is revolutionizing the industry by replacing manual processes with automated, efficient, and productive solutions. Last year, the global IT professional services market size was valued at $870.05 billion and is expected to grow at a compound annual growth rate of 9.5% from 2024 to 2030. The industry is experiencing a significant shift towards AI and automation, necessitating project managers to adapt. Read More