Funding

[Funding alert] London-based atla Secures $5M in Seed Round Funding

Dec 8, 2023 | By Startup Rise EU

London-based atla Secures $5M in Seed Round Funding. However, the implications of generative AI visuals that show Ronald McDonald conducting open heart surgery or an argument about sunflower oils that inadvertently led to a tangent landing upon GPT's "state of mind" are very limited.

London-based atla Secures $5M in Seed Round Funding. However, the implications of generative AI visuals that show Ronald McDonald conducting open heart surgery or an argument about sunflower oils that inadvertently led to a tangent landing upon GPT's "state of mind" are very limited.

Lead investor Creandum led this round, with participation from Rebel Fund, which has Reddit founder and CEO Steve Huffman, Cruise co-founder Daniel Kan, Instacart co-founder Max Mullen, Scribd co-founder Trip Adler, and Rappi co-founder Sebastian Mejia as partners.

Read also - Ladder Secures $12 Mn in Series A Round led by Tapestry VC and LivWell Ventures

They demonstrate that the technology isn't quite ready for high-stakes applications like those in the banking, legal, or medical sectors just yet.

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Y Combinator S23 cohort member Atlas is attempting to steal AI's bundle of mushrooms. The company claims to be creating a system that enhances reliability, decreases harmfulness, and increases truthfulness for generative AI models, however it doesn't specify how.

Read also - MaintainX Secures $50 Mn Funding led by Bain Capital Ventures

The business has previously put its idea to the test in experimental projects managed in collaboration with the legal departments of N26 and Volkswagen. When used as a research assistant, Atlas' AI assistant produced responses that were directly cited from the most reliable legal authorities worldwide.

About atla

Maurice Burger, an experienced veteran of AI startups who dropped out of Harvard to earn a master's degree in computer science, and Roman Engeler, who studied large-scale language model iterative self-improvement at ETH Zurich and Stanford, co-founded Atla.

Read also -  HR Tech Startup Harriet Secures €1.4 Mn Pre-seed Funding Led by Concept Ventures

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