How Biden’s AI order could impact startups

Plus, 5 interesting startup deals, from giant Legos to pro volleyball October 31, 2023 Hi, {NAME}. U.S. President [Joe Biden]( yesterday penned an executive order aimed at putting in place guardrails for artificial intelligence technologies, with proposed rules for everything from protecting workers from job displacement to addressing national security concerns surrounding the technology. We look at some of the standout components of the executive order, with a particular eye to [how startups might be impacted](. 📝 [Biden’s AI order may have wide impact for startups]( The Biden administration on Monday released an executive order laying out a broad range of safety and security requirements around the use of artificial intelligence technology. The standards — which range from setting requirements for red-team testing to affixing labels on AI-generated content — [could have a wide impact on how AI-focused companies, and startups in particular]( develop and release new iterations of their products. 🏐 [5 interesting startup deals, from giant Legos to pro volleyball]( There was no shortage of interesting startups getting funding this month, with VC cash going to a startup that’s developed an AI-fueled humanoid co-worker and one that does construction with what look like massive Legos. Let’s take a look at [some of October’s most eye-catching rounds](. 🖨️ [Nvidia co-leads $99M round for 3D metal-printing startup]( A startup that makes laser-powered 3-D metal printers for the industrial sector raised $99 million from investors including [Nvidia]( venture arm and hinted at plans for an IPO. The round also marks just the latest investment deal by Nvidia and its venture arm. [The chip giant has been very busy this year]( often investing in AI-related startups. 🤖 [How former Googlers’ VC firm invests in AI]( [Andy Harrison]( was at [Google]( when the tech giant launched the Transformer machine learning model in 2017 — a massive leap forward in the AI revolution that paved the way for generative AI chatbots like [ChatGPT]( several years later. Now Harrison is the CEO and managing partner at [Section 32]( a venture investment firm that also invests heavily in AI. We recently spoke with Harrison about the firm’s investments in everything from AI-enabled drug discovery to large language models. Related Crunchbase Pro list: [Section 32 AI portfolio companies]( 🦄 [Meet the new AI unicorns of 2023]( One in five of the new unicorns to join [The Crunchbase Unicorn Board]( this year is an AI company, our analysis of the data shows. We look at those companies, which span AI sub-sectors from large language models to defense-related artificial intelligence. See also: [The Crunchbase Unicorn Board]( [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Seurat Technologies]( [$99M]( / [Series C]( Seurat Technologies is a metal manufacturing focusing on a greener production. Categories: 3D Printing • Laser • Manufacturing • Robotics Founders: [Erik Toomre]( [James DeMuth]( Investors: [NVentures]( (Lead), [Denso]( [General Motors Ventures]( [+ 5 more]( [Skyroot Aerospace]( [2.2B INR]( / [Series C]( Skyroot Aerospace is an aerospace manufacturer and launch service provider developing launch vehicles for cost-effective access to space. Categories: Aerospace • Commercial • Space Travel • Transportation Founders: [Naga Bharath Daka]( [Pawan Kumar Chandana]( Investors: [Temasek Holdings]( (Lead) [Shakers]( [6.0M EUR]( / [Seed Round]( Shakers allows companies to work with entire teams of freelancers. Categories: Consulting • Human Resources • Software • Virtual Workforce Founders: [Adrián de Pedro]( [Héctor Mata]( [Jaime Castillo]( [Jorge Aguirre]( Investors: [Adevinta Ventures]( (Lead), [Athos Capital]( (Lead), [Brighteye Ventures]( (Lead) [+ 4 more]( More Fundings Company Amount / Round Lead Investor [Twinco Capital]( 50M EUR / [Debt Financing]( [BBVA Spark]( [MotorK]( 5.0M EUR / [Post-IPO Debt]( [Atempo Growth]( [VMind AI]( $1.4M / [Pre Seed Round]( - [Blue Lotus 360]( 220K GBP / [Series A]( [Platned]( [All Recent Funding Activity]( Recent Acquisitions [Flywheel Digital]( Pending acquisition by [Omnicom Group]( for $835M More Acquisitions Company Acquired By Amount [Yumlane]( [Curefoods]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [Enterprise Rising Conference -- IN PERSON DEC 2023]( December 11 - 12, 2023 in Saint Paul 100% enterprise SaaS. 100% startups. Come be with your people. Don’t see your event? 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