February 25, 2025
TechCrunch: Sweden’s Lovable, an app-building AI platform, rakes in $15M after spectacular growth
Lovable raised $15 million in a pre-Series A round led by Creandum with 500,000 users building over 25,000 new products daily and reaching $17 million in annual recurring revenue. The platform, which allows anyone to create functional web apps using AI-powered prompts without coding knowledge, plans to expand its third-party integrations and aims to give the "99% of the population who don't know how to code access to a software engineer through AI," said co-founder Anton Osika in an interview with Mike Butcher.
February 11, 2025
TechCrunch: AI investments surged 62% to $110B in 2024 while startup funding overall declined 12%
Foundational models and generative AI capture the lion’s share of capital—driven by the soaring compute demands and infrastructure costs of training large language models, while Europe faces an "innovator’s dilemma" in reconciling its legacy industries with AI adoption, as Antler leads a group of dominant firms including a16z, General Catalyst, Sequoia, and Khosla Ventures, further polarizing the ecosystem between well-funded AI ventures and undercapitalized innovators outside the sector’s core, writes Ingrid Lunden in TechCrunch.
February 3, 2025
Tech in Asia: Singapore startup fileAI nets $14m series A
File.ai, that automates unstructured data management across PDFs, spreadsheets, and emails, secured a $14 million USD Series A to scale industry-specific solutions for financial services, insurance, and manufacturing customers ahead of a Q1 2025 launch of a unified platform targeting finance, operations, and legal teams, reports Tech in Asia.
January 21, 2025
CoinDesk: Aviation DePIN Network Wingbits Raises $5.6M for Decentralized Flight Tracking
Incentive-based flight tracking platform Wingbits raised $5.6 million USD, challenging the traditional model where volunteers collect flight data without compensation, writes Jamie Crawley in CoinDesk.
December 19, 2024
BNN Bloomberg: Southeast Asia Has $60 Billion AI Boom, But Its Own Startups Are Missing Out
Jussi Salovaara, Antler co-founder and Managing Partner South East Asia, spoke to Olivia Poh and Saritha Rai at Bloomberg about key barriers for AI development in Southeast Asia: "The region's diversity in language, culture, and infrastructure makes it harder to create large, unified datasets—something AI solutions traditionally rely on to scale."
December 6, 2024
PitchBook: Where are all the consumer AI startups—and why aren’t VCs funding them?
Despite projections that the consumer AI market will dwarf the enterprise market by 2032, VCs are disproportionately funding B2B AI startups. Tobias Bengtsdahl says that VCs may be "sleeping on consumer," influenced by a risk-averse climate and herd mentality post-2022, in a conversation with Leah Hodgson. Opportunities exist in areas where big tech has less credibility, such as mental health.
November 7, 2024
TechCrunch: Glint Solar grabs $8M to help accelerate solar energy adoption across Europe
Glint Solar, which develops AI-powered software for utility-scale solar project planning and site assessment, secured $8 million USD in Series A funding to expand its GIS-driven platform into Italy and Spain while adding battery storage siting modules, serving energy leaders like E.ON and Statkraft amid 10x customer growth since 2022, writes Natasha Lomas in TechCrunch.
September 18, 2024
Crunchbase: Enter The AI-Native Founder
Jeff Becker argues that a new breed of "AI-native" founders, who are technically fluent in AI and adept at navigating its impact, are poised to revolutionize company building by leveraging AI tools to increase efficiency and challenge traditional business models. These founders are embedding a "why" culture, questioning conventional practices, and using AI to improve operating economics, even in traditionally hard-to-back industries.
July 1, 2024
EconomicTimes: Visual telematics startup Cautio raises Rs 6.5 crore from Antler, 8i Ventures, others
Cautio raised ₹6.5 crore from Antler India and and 8i Ventures to deploy AI-driven dash cams that monitor and improve driver behavior, aiming to reduce accidents in India's high-risk transportation sector, writes The Economic Times.
May 31, 2024
TechCrunch: VC firm Antler’s CEO says Asia presents ‘biggest opportunity’ in the world for growth
Magnus Grimeland, Founder and CEO of Antler, speaks to TechCrunch's Kate Park about the growth potential in Asia's tech startup ecosystem and AI as a major opportunity for startups, particularly in infrastructure, applications, and enablers, suggesting that the next trillion-dollar company could emerge from these sectors: “[The advent of AI] is the biggest opportunity of our generation. […] New technology shifts create insane opportunities, and the opportunities being created by each technology shift are better than the last one. This is probably the biggest opportunity the world has ever seen for startups."
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