AI startup Imbue gets $12 million in follow-on funding

FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash.

Investors in the round extension are Amazon.com's Alexa Fund and former Google CEO Eric Schmidt. In September, Imbue announced its Series B round of $200 million at a valuation of over $1 billion.