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While startup funding has generally been tight, early-stage companies in the artificial intelligence (AI) space are in a better position than other businesses. Nomic AI is the latest AI startup to achieve success in this area, securing $17 million in a new funding round from investors led by Coatue Management. The investment, which also included participation from Betaworks Ventures and Contrary Capital, places a valuation of $100 million on the up-and-coming open-source AI model creator. Don’t

Andriy mulyarNomic ai coBetaworks venturesContrary capitalFounder andriy mulyarHugging faceBenzinga proNomic raisesOpen source artificial intelligence for allArtificial intelligenceStartup fundingCoatue managementBetaworks venturesContrary capitalIncluded participation