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Israeli AI co Decart raises $100m at $3.1b valuation

Decart, an Israeli company specializing in large language models and real time video generation, has secured $100 million in new funding, boosting its valuation to $3.1 billion. This marks a significant leap, with the company's value increasing more than six-fold since its previous funding round less than a year ago. The latest investment round was led primarily by existing backers, such as Sequoia, Valley Capital, Benchmark, and Zeev Ventures, with some new investors like Aleph Fund joining in. Despite raising a total of $153 million to date, Decart has used less than $10 million of investor funds, covering substantial operational costs through its own revenue.

Original article source: https://en.globes.co.il/en/article-israeli-ai-co-decart-raises-100m-at-31b-valuation-1001518392
Source Id: 8804928961

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