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February 26, 2024

Funding announcements from SigScalr, VectorShift, NodeShift, and more.
Funding
$189.96m
Companies
9
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VectorShift on the use of tree-of-thought for better LLM performance:

In a standard scenario, LLMs arrive at solutions in a linear fashion, generating tokens based on the preceding sequence of tokens without taking any corrective action in case of errors. This specifics limits LLM's ability to correct mistakes, which can be augmented as the model generates more tokens and also can lead to lower quality of the output.

The Tree-of-Thought (ToT) framework is designed to entice LLMs into a process similar to human reasoning. This approach allows a large language model to make decisions following multiple paths, self-evaluate the choices and conduct backward editing if necessary before arriving at the final answer.

[ Unlocking LLMs' Potential with Tree-of-Thought Prompting ]

Funding

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SigScalr | $1.76m | Pre-Seed | Website | Announcement

SigScalr is an observability platform purpose-built for large volumes of data. The company claims to be 54x faster than ClickHouse and 1025x faster than ElasticSearch.

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VectorShift | $3m | Seed | Website | Announcement

VectorShift is a framework of no-code and low-code tools for building generative AI applications. Developers can build search engines, assistants, and chatbots using the visual drag-and-drop editor or the platform's SDKs.

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NodeShift | $3.2m | Seed | Website | Announcement

NodeShift is a decentralized cloud platform that connects developers with unused compute and storage from independent data center operators. Developers can use its API to offload workflows to cheaper cloud providers.

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Inco | $4.5m | Seed | Website | Announcement

Inco is a 'confidentiality layer' for web3 applications, providing developers with a way to store encrypted and private information on the blockchain. It makes use of fully homomorphic encryption — a form of cryptography that enables computation on top of encrypted data.

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Apica | $6m | Venture | Website | Announcement

Apica is an observability and log management platform. It is designed to handle large amounts of data and can be deployed in any Kubernetes cluster in 5 minutes.

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Helius | $9.5m | Series A | Website | Announcement

Helius is a developer platform that simplifies the process of building high-performance crypto applications on Solana. The company's tools are focused on improving the performance of Solana RPCs (a way to connect decentralized apps to the blockchain).

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Orkes | $20m | Series A | Website | Announcement

Orkes is an orchestration platform for building distributed applications. It helps speed up development of microservices, event-driven architectures, and workflows with LLM chaining.

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Synadia | $25m | Series B | Website | Announcement

Synadia is a connectivity platform for applications and data — across the cloud, on-premises, and at the edge. The company is the creator of NATS.io, open-source cloud and edge-native messaging system for high-performance data streaming.

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Magic AI | $117m | Series B | Website | Announcement

Magic AI is building a AI software engineer based on their own frontier-scale model. They are backed by Nat Friedman, formerly the CEO of GitHub.

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