AI Business Weekly: Funding Updates for Wednesday, February 5, 2025

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Welcome

AI startups continue to attract significant investment, with new funding flowing into contract automation, mental health, humanoid robotics, and AI-powered damage detection. Meanwhile, acquisitions in AI-driven fraud prevention highlight the increasing role of artificial intelligence in enterprise security.

Here’s a roundup of today’s biggest AI funding and acquisition moves:

Today’s Highlights

💰 Prior Labs Raises €9M Pre-Seed to Bring AI to Tabular Data

Freiburg-based Prior Labs has secured €9 million in a pre-seed funding round to develop foundation models for spreadsheets and databases. The investment was led by Balderton Capital, with participation from XTX Ventures, Hector Foundation, Atlantic Labs, and Galion.exe.
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🤖 Persona AI Secures More Than $10M for Humanoid Robotics

Houston-based Persona AI, a startup developing AI-powered humanoid robots for manufacturing and business applications, has raised between $10 million and $50 million in pre-seed funding. The company has yet to disclose the exact amount.
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🏥 Little Otter Raises $9.5M for AI-Powered Family Mental Health Solutions

Little Otter, a virtual mental health startup founded by a mother-daughter duo, has raised $9.5 million in new funding to expand its AI-powered family therapy solutions.
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🚘 DriveX Raises €1.2M for AI Windshield Damage Detection

Tallinn-based DriveX has secured €1.2 million to develop AI-powered windshield damage detection technology. The funding comes from Carglass® Estonia, Lithuanian and Slovenian business angels, and the Estonian applied research programme.
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📜 Ivo Raises $16M Series A for AI-Powered Contract Review

Legal tech startup Ivo has secured $16 million in Series A funding to scale its AI-powered contract review solution. Ivo’s technology is used by companies including Canva, Fonterra, Pipedrive, Eventbrite, Blue Cross Blue Shield Kansas City, and several Fortune 500s.
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🔒 Worldpay Acquires Ravelin for AI-Powered Fraud Prevention

Payments technology provider Worldpay has agreed to acquire Ravelin, an AI-native fraud prevention platform based in London. The acquisition will expand Worldpay’s fraud prevention capabilities to help merchants combat fraud while growing their businesses.
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📢 AI Continues to Reshape Industries

Today’s funding rounds highlight AI’s growing influence across finance, legal tech, robotics, and mental health. With enterprise fraud prevention acquisitions also gaining momentum, AI is becoming an integral part of security and compliance strategies.

We’ll be back tomorrow with more updates on the latest AI funding and acquisition trends.

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