Altera Raises $9M Seed Funding to Develop AI Digital Humans

Altera's Seed Funding Round

Key Highlights:

• Seed Funding: Altera, an AI company creating digital human beings, closed a $9 million seed funding round.
• Total Funding: The round brings Altera's total funding to $11.1 million since its inception in December 2023.
• Investors: The funding round was led by Patron and First Spark Ventures, with participation from a16z SPEEDRUN, Mitch Lasky, Stephen Lim, Greg Harper, Bob Meese, Rich Aldrich, Vamos Ventures, Alumni Ventures, and others.

Altera's Target Market

• Target Market: Altera aims to build digital humans capable of playing games like "Minecraft" alongside human players.
• Gaming and Entertainment Industry: Collaboration opportunities with gaming companies and entertainment platforms looking to incorporate AI-driven digital human characters.
• AI and Robotics Research: Partnerships with research institutions and organizations focused on AI and robotics to further develop and enhance Altera's technology.

What Altera Needs to Buy

• Research and Development: Investments in research and development to advance AI capabilities and create more sophisticated digital human beings.
• Partnerships in Gaming Industry: Collaborations with gaming companies to integrate Altera's AI agents into popular games.
• Marketing and Branding: Services to enhance Altera's brand presence and marketing efforts in the AI and gaming industries.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.