Addition

Global payments and financial infrastructure.

What do OpenAI, Uber, and Instacart have in common? They all use Ray, open-source software built by Anyscale that’s used to scale up AI models. The company, which emerged from a research lab at UC Berkeley, enables users to easily scale Python code and create custom apps without becoming experts in distributed computing. It was founded by Cofounder Robert Nishihara, CTO Philipp Moritz, and executive chairman — and Databricks cofounder — Ion Stoica. The company has raised $259 million and has a valuation of $1.1 billion. Recently, the company announced an update to warn users if Ray was configured to be accessible on the open internet after security researchers found that hackers had installed crypto-miners on some users’ AI servers, as Forbes reported.

Simulation and development platform for autonomous vehicles.

BuildBuddy provides enterprise features for Bazel — the open source…

Blockchain data platform for compliance and investigation.

AWS for precision manufacturing

A flexible work app that connects businesses with hourly workers.

<p>Merge builds integration infrastructure for LLMs, Fortune 500 organizations, and B2B SaaS companies. Its Unified API platform lets companies add hundreds of integrations across HR, payroll, accounting, CRM, and other categories to their external applications and AI agents through a single build. Merge also offers a governance and security layer that gives enterprises control over how their AI agents interact with third-party applications.</p> <p>Funding: $75 million from Accel Partners, New Enterprise Associates, Addition and others.</p> <p>Latest valuation: $325 million.</p> <p>Date of last valuation: October 2022.</p> <p>Bona fides: Merge’s 1,700 customers include OpenAI, Mistral AI, and Ramp.</p> <p>Reached $14 million in revenue in 2023, up from $8 million in 2022.</p> <p>Cofounders: CEO Shensi Ding, 31, and Gil Feig, 30, the duo are best friends from Columbia University, where both studied computer science.</p> <p>Headquarters: San Francisco, California.</p>

The Smart Market for Institutional Investors

B2B supplier of fresh/healthy packaged food

Cloud platform enabling developers to build, deploy, and scale apps.

Born out of Stanford University’s Artificial Intelligence Lab in 2019, Snorkel AI sells software products that allow businesses to annotate, fine-tune and label their data. The company reached a valuation of more than $1 billion after picking up $85 million in a series C in 2021, bringing its total investment to over $135 million. The company’s tools have become a go-to for large companies like Google and furniture retailer Wayfair as well as several of the biggest American banks. In October 2024, the company added a slew of new capabilities for one of its flagship products, Snorkel Flow, including tools to assess the performance of an LLM and more easily extract information from PDFs.

A spend management software that provides businesses visibility,…

TAG is the First Digital Bank (Chime/Revolut/N26) for Pakistan

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