Open-source AI model creator Nomic raises $17 million led by Coatue

Technology
Thursday, 13 Jul 2023
7:12 PM MYT

Related News

World 1d ago

Roundup: African experts spot potential of Juncao technology to boost livelihoods, sustainable agriculture

Camera 21 Jul 2025

Spidercam technology brings golf’s oldest major into the modern world

Cambodia 18 Jul 2025

Advanced technology sees Cambodian rangers detect almost 800 hectares of encroached forests

FILE PHOTO: AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters.

The investment valued New York-based Nomic AI, a team of four at the time, at $100 million, showing continued interest from VCs to bet on small teams building popular AI products. Contrary Capital and Betaworks Ventures also participated in the round.

Topic:

Technology

Is this article useful?

Report a mistake

What is the issue about?

Spelling and grammatical error

Factually incorrect

Story is irrelevant

Email (optional)

Thank you for your report!

Next In Tech News

Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say

Tesla plans to launch Robotaxis in San Francisco this weekend, Business Insider reports

Google partners with Italy's Energy Dome on zero-emission power supply

Meta to halt political advertising in EU from October, blames EU rules

Dutch watchdog postpones ruling on Apple fees on dating apps, awaits EU action

Intel shares slide on quarterly loss, foundry business exit risk

Uber's new 'senior accounts' aimed at helping elderly people travel

Amazon shuts down Shanghai AI lab, says source

Irish watchdog threatens X over adult content controls

US officials: US$17mil lost in ATM scam that spread on TikTok

Others Also Read

Food for thought6h ago

Curious Cook: The magic of durian

STARPICKS

HONOURING 30 YEARS OF EXTRAORDINARY MALAYSIANS

Entertainment6h ago

HK actress Myolie Wu dispels rumours with family vacation in the Maldives

Badminton8h ago

Stern China test awaits Pearly-Thinaah in semi-finals

Nation8h ago

Over 200 animal lovers hold candlelight vigil for 30 dogs put to sleep in Lahat

starplus19 Jul 2025

MULTIMEDIA: Social media leads the way for Chinese tourists in Malaysia

AseanPlus News8h ago

It's Wani Kayrie - the singer with a golden heart and also the new rocking star in Malaysian music

Philippines8h ago

Some 280,000 people homeless as more weather chaos hits Philippines

Cambodia8h ago

Cambodian evacuees sheltering in temple pray for end to Thai clashes

Nation8h ago

Tun Ramli pledges to engage directly with the people of Penang, not just as a state symbol

Thailand9h ago

Thailand warns of war with Cambodia as 138,000 flee fighting

Badminton9h ago

Aaron-Wooi Yik set up last-four clash with tricky Indian pair

StarPicks

Allianz and p-hailing platforms unite for rider safety

ONE of Malaysia's leading protection solutions company – Allianz Malaysia Berhad (Allianz Malaysia), has partnered with the Malaysian Institute of Road Safety Research (MIROS) and leading p-hailing platforms – foodpanda Malaysia, Lalamove Malaysia and Grab Malaysia – to emphasise the importance of rider safety in Malaysia's rapidly expanding industry.

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHI	0.195	0.210	0.195	0.205	0.015	7.89	1,936,176
HSI-CWGX	0.250	0.250	0.230	0.230	-0.035	-13.21	1,730,445
HSI-CWGI	0.170	0.170	0.155	0.155	-0.030	-16.22	1,700,156
HSI-PWHV	0.180	0.200	0.175	0.185	0.010	5.71	1,400,245
HSI-CWGS	0.140	0.140	0.120	0.120	-0.025	-17.24	1,397,471
NEXG	0.515	0.530	0.515	0.525	0.010	1.94	996,383
FOCUS	0.010	0.010	0.005	0.010	0.000	0.00	868,755
ZETRIX	0.915	0.920	0.905	0.910	-0.005	-0.55	607,583
HSI-PWJF	0.140	0.150	0.140	0.145	0.005	3.57	490,787
TANCO	0.915	0.920	0.910	0.915	0.000	0.00	462,506
VELESTO	0.185	0.190	0.185	0.185	0.005	2.78	455,496
LCTITAN	0.700	0.730	0.675	0.695	-0.010	-1.42	381,126
ZETRIX-C9K	0.070	0.070	0.070	0.070	-0.080	-53.33	271,087
PHARMA	0.220	0.225	0.215	0.220	0.000	0.00	202,221
TENAGA	13.860	13.920	13.420	13.600	-0.340	-2.44	195,902

Open-source AI model creator Nomic raises $17 million led by Coatue

Bandar Bukit Raja’s green oasis

Next In Tech News

Others Also Read

Curious Cook: The magic of durian

HONOURING 30 YEARS OF EXTRAORDINARY MALAYSIANS

HK actress Myolie Wu dispels rumours with family vacation in the Maldives

Stern China test awaits Pearly-Thinaah in semi-finals

Over 200 animal lovers hold candlelight vigil for 30 dogs put to sleep in Lahat

MULTIMEDIA: Social media leads the way for Chinese tourists in Malaysia

It's Wani Kayrie - the singer with a golden heart and also the new rocking star in Malaysian music

Some 280,000 people homeless as more weather chaos hits Philippines

Cambodian evacuees sheltering in temple pray for end to Thai clashes

Tun Ramli pledges to engage directly with the people of Penang, not just as a state symbol

Thailand warns of war with Cambodia as 138,000 flee fighting

Aaron-Wooi Yik set up last-four clash with tricky Indian pair

StarPicks

Allianz and p-hailing platforms unite for rider safety

HONOURING 30 YEARS OF EXTRAORDINARY MALAYSIANS

Market Summary

FBM KLCI

28,594,272

Market Movers

Want to listen to full audio?

Majlis SIRIM Industri 2024

Thank you for downloading.

Open-source AI model creator Nomic raises $17 million led by Coatue

Related News

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

Annual Plan

Related News

Next In Tech News

Others Also Read

Trending in Tech

Market Summary

FBM KLCI

28,594,272

Want to listen to full audio?

Majlis SIRIM Industri 2024

Thank you for downloading.