Is there anything that companies aren’t trying to do better with AI?
The “AI for X” trend is still producing new, commercially relevant tech at a fast clip, focused on business areas from underwriting to fish farming to radiology.
Fish farming? Yes, San Francisco-based Aquabyte says on its website that it uses machine learning to “count sea lice and accurately measure biomass in real-time while reducing cage furniture.” This sentence raises a lot of questions for me: Isn’t one sea louse one too many? What’s cage furniture and what kind do salmon prefer?
But those questions aside, Aquabyte is a very serious company. It recently raised a $10M Series B, bringing its total funding to nearly $24M.
Our clients will know from our recent This Week in AI report that AI startups received over $1B just this week, propelled by 4 mega-rounds.
Last quarter, the number of mega-rounds to AI startups was up from Q1 to 15.