AI Startup ASI Raises $325 Million Series C at $3B Valuation for Critical Infrastructure
Boston-based AI startup ASI said Tuesday it has raised $325 million in a Series C round that values the company at $3 billion. The round, led by Spark Capital, is the latest sign that investors are paying up for AI that manages the physical world, not just the chat window. Spark Capital led the financing, with participation from affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners and Andreessen Horowitz (a16z), according to the company’s announcement. ASI said it would use the proceeds to expand deployments across energy, logistics and military environments and to add to its research and engineering teams in Boston. ...