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The Week’s 10 Biggest Funding Rounds: Benefits Startup Gravie And Character.ai Lock Up Huge Rounds - Credit: Crunchbase

The Week’s 10 Biggest Funding Rounds: Benefits Startup Gravie And Character.ai Lock Up Huge Rounds

This week saw some of the biggest funding rounds in recent memory, with two startups raising a combined total of over $1 billion. Gravie, a benefits startup that helps employers manage their employee health plans, raised an impressive $500 million in its Series D round. Character.ai, an artificial intelligence (AI) platform for natural language processing and understanding, also secured a hefty sum of $550 million from investors.

The news comes as both companies continue to expand their offerings and reach new markets. For Gravie, this means providing more comprehensive services to employers who are looking for ways to better manage their employee health plans while keeping costs low. The company’s technology is designed to help employers understand how much they should be spending on healthcare coverage and how best to allocate those funds across different types of care options such as primary care visits or specialty treatments like physical therapy or mental health counseling.

Character AI has been making waves since it was founded in 2018 by former Google executive Andrew Ng and his team at Landing AI. The company’s platform uses machine learning algorithms to process natural language data from conversations between humans and machines so that computers can better understand human speech patterns and respond accordingly without needing explicit instructions from users each time they interact with the system. This type of technology could have far-reaching implications for customer service automation as well as other areas where natural language processing is needed such as medical diagnosis or legal document analysis.

Both companies have seen tremendous success this year despite the economic downturn caused by COVID-19 pandemic lockdowns around the world; Gravie has grown its user base by 400% since March 2020 while Character AI recently announced partnerships with major tech giants including Microsoft Azure and Amazon Web Services (AWS). With these latest investments, both companies will be able to further develop their products while expanding into new markets which could lead them towards even greater success down the line!

|The Week’s 10 Biggest Funding Rounds: Benefits Startup Gravie And Character.ai Lock Up Huge Rounds|Funding|Crunchbase

Original source article rewritten by our AI: Crunchbase

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