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Hey there 👋,
In today’s edition, we've distilled the top 5 trends in our industry that demand your attention.
Let's dive right in.
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#1 Darrow AI
Darrow is an AI-Powered Justice Intelligence Platform that sifts through publicly available information, such as consumer complaints, administrative documents, SEC filings and more.
It connects relevant data points to detect legal violations, predict their outcomes, and assess their financial impact, streamlining business development for litigation teams.
Why Does It Matter?
Search trend on Google (US): 4.4k (313% growth over the past 5 years)
Total funding raised: Just under $60 million from various investors, including Y Combinator and R-Squared Ventures
Active cases initiated by Darrow's data insights amount to $10 billion in claims
Hiring more engineers and business development talent
Expanding search and analytics tools into new legal domains
Investing in the growth of large language models and technology assets
#2 Vertex AI
Vertex AI platform from Google Cloud provides purpose-built MLOps tools for data scientists and ML engineers to automate, standardize, and manage ML projects.
Why Does It Matter?
Search trend on Google (US): 6.6k (40233% growth over the past 5 years)
Generative AI Models and Tools:
Prototype, customize, and integrate AI models into applications
Choose from a wide range of models, including first-party, third-party, and open source in Model Garden
Use extensions for real-time data retrieval and action triggers
Customize models for text, image, or code use cases with various tuning options
Open and Integrated AI Platform:
AI Platform for data scientists to accelerate ML tasks
Vertex AI notebooks integrated with BigQuery for unified data and AI workloads
Training and Prediction services for efficient model deployment using open source frameworks and optimized AI infrastructure
MLOps for Predictive and Generative AI:
Purpose-built MLOps tools to automate, standardize, and manage ML projects
Modular tools for team collaboration and model improvement
Features include Vertex AI Evaluation, Pipelines, Model Registry, Feature Store, and model monitoring for input skew and drift
Search and Conversation:
Vertex AI Search and Conversation simplifies generative AI-powered search and chat app development
Provides orchestration layer, data privacy controls, and efficient deployment
Enables quick and responsible app development
AI Solutions:
Includes Contact Center AI, Document AI, Anti Money Laundering AI, Discovery AI, and other AI solutions
Offers targeted capabilities for specific business outcomes
Accessible directly or through priority partners on Google Cloud.
#3 Secoda
Secoda is an AI-powered platform that enhances data team efficiency by providing data search, cataloging, lineage, and documentation capabilities.
It helps data teams address challenges like managing data sprawl, scaling infrastructure, and improving observability and governance while reducing setup and integration time.
Why Does It Matter?
Search trend on Google (US): 590 (6400% growth over the last five years)
Secoda raised $14 million in funding led by Craft Ventures, with participation from Abstract Ventures and angel investors.
Addresses data complexity and accessibility issues faced by businesses.
Integrates with BI, data transformation tools, and databases.
Creates "lineage maps" to visualize data connections and changes across apps in a company's tech stack.
#4 Kneron
Kneron offers market-ready, cost-effective on-device AI inferencing solutions. Their patented reconfigurable technology can adapt to various audio, 2D, and 3D image recognition applications in real-time.
These solutions also support mainstream AI frameworks and CNN models.
Why Does It Matter?
Search trend on Google (US): 720 (164% growth over the last five years)
Kneron has raised a total of $212M in funding over 10 rounds. Their latest funding was raised on Sep 26, 2023 from a Series B round.
High demand for AI chips, is projected to be a $53.4 billion revenue opportunity for the semiconductor industry.
Significant increase in VC funding for chip startups from 2017 to 2022.
Kneron provides low-powered, reconfigurable AI chips for integration with systems like driverless vehicle sensors.
These chips support a range of AI algorithms, including face and body detection as well as text generation models.
#5 Genus AI
Genus AI helps you to automate creative production, target ideal audiences, analyze and improve ad performance, saving time and budget while boosting your campaign results.
Why Does It Matter?
Search trend on Google (US): 140 (680% growth over the last five years)
Genus AI secured funding to support D2C and e-commerce brands with generative AI solutions for social channel growth.
Plans to invest in GTM infrastructure and expand platform features for generative ads in e-commerce.
Generated over 10 million product images for brands like Parks Project, Annie Selke, and Peter Thomas Roth.
Aims to make AI technology accessible to brands of all sizes.
Genus AI platform offers product catalog feed generation for various social channels and has been developing copy, video, and audience generation since 2017.