AI startup Moondream has officially announced the completion of $4.5 million in seed funding and presents a disruptive viewpoint: in the world of AI models, smaller models may hold advantages. The company is backed by Felicis Ventures, Microsoft's M12 GitHub Fund, and Ascend, launching a visual language model with only 1.6 billion parameters that can compete with models four times its size in terms of performance.

Vienna-based AI governance and compliance solutions provider Daiki GmbH today announced the completion of a €1.5 million seed funding round. The funds will be used to support the company's expansion into the European market and product development, marking a significant step for Daiki in promoting the responsible deployment of AI by European enterprises. Daiki offers SaaS compliance solutions tailored to the EU AI Act and ISO standards, including ISO 13485 certification for medical device manufacturers. The product, developed by a multidisciplinary team of experts, includes integrated documentation and quality management.

Sports technology startup SportAI has completed a $1.8 million seed funding round aimed at leveraging artificial intelligence to enhance athlete performance. Its system focuses on coaching, commentary, and analysis of athletic techniques through machine learning, computer vision, and biometrics, primarily serving coaches, training facilities, media broadcasts, and sports brands. SportAI's cloud platform can analyze athletes' technical performance in real-time, providing personalized feedback to help improve levels in sports such as golf and tennis. By comparing with a vast amount of athlete data, the system achieves automation and data-driven insights.

Hedra has successfully raised $10 million in seed funding, founded by former employees from NVIDIA, Google, and the Metaverse, attracting renowned investors such as Index Ventures, Abstract, and A16Z Speedrun. The foundational model Character-1, launched by Hedra during the seed round, claims to be the fastest video model on the market, with 350,000 users having already created over 1.6 million videos, some of which have gained significant popularity on social media. The platform allows users to create...

["Indian startup Kombai leverages AI technology to help front-end developers effortlessly convert UI designs into code, having completed a $4.5 million seed funding round.","Kombai uses deep learning and heuristic models, with each model targeting a specific aspect of interpreting UI designs and generating code.","Kombai plans to use part of the funding to expand its team and continue investing in research and development to improve its core models and increase compatibility with commonly used libraries and frameworks by developers." ]