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AI & Enterprise

Ricursive raises $300 million in Series A, says AI cuts chip design time

AI-based chip design startup Ricursive Intelligence has raised $300 million in Series A funding, SiliconANGLE reported on Jan. 26 local time. The round was led by Lightspeed, with Nvidia’s NVentures, DST Global and Felicis Ventures also taking part. Ricursive was valued at $4 billion in the deal. The company develops AI tools aimed at sharply reducing chip design times and plans to use the funds for hiring and infrastructure upgrades.

AI & Enterprise

Healthcare AI startup OpenEvidence raises $250 million, valued at $12 billion

Healthcare AI startup OpenEvidence raised $250 million in funding, boosting its valuation to $12 billion, SiliconANGLE reported on Jan. 21 local time. Thrive Capital and DST Global participated. OpenEvidence said its valuation has risen more than tenfold since its first funding round last year. The company provides a ChatGPT-style research tool for clinicians that searches medical journals and suggests diagnosis and treatment options. It also supports medical education and plans additional apps.