Cheerio AI secured Rs 8 crore in seed funding led by Artha Venture Fund II to develop multi-modal AI capabilities, including a proprietary small-model LLM for ad generation and expansion into voice/vi
Why it matters
This seed funding round signifies continued investor confidence in AI-native startups, particularly those focusing on specialized applications of large language models and multi-modal AI. Cheerio AI's strategy to develop a proprietary small-model LLM for ad generation and expand into voice/video demonstrates a clear focus on creating niche, high-value AI solutions. This could drive innovation in automated content creation, customer engagement, and enterprise efficiency, contributing to the broader adoption and refinement of AI technologies in business.
An AI company called Cheerio AI just raised about a million dollars to build more advanced AI. They plan to use the money to create their own specialized AI language model for generating ads and to make their AI work with voice and video, not just text, to automate more tasks for businesses.
Inc42's daily brief highlights the emergence of venture studios and Lightspeed's strategic approach to AI investments, indicating a significant focus on AI within the venture capital landscape.
Read on Inc42 →Stellaris Venture Partners is increasing its focus on AI and deeptech startups in India, adopting a cautious investment strategy rather than rushing into the AI frenzy.
Read on YourStory →Healthtech startup Cent, founded by Practo founder, raises funding for its AI-led early disease detection platform.
Read on Economic Times Tech →