Radical Ventures
Facts
- HQ
- Toronto, ON, CA
- Sectors
- Venture Capital and Private Equity Principals
- Employees
- 54
Twelve AI Labs Valued at Nearly $130 Billion Raise $29 Billion Without Commercial Products
Twelve AI startups dubbed 'Virgin Unicorns' have raised over $29 billion with a combined valuation nearing $130 billion despite having no commercial products. These companies, backed by top investors, reflect a high-stakes bet on AI's future commercialization potential.
Former Amazon Prime Air Founders Raise $4.5M for Radical’s Solar-Powered Autonomous Aircraft Startup
Seattle-based startup Radical, founded by ex-Amazon Prime Air employees James Thomas and Cyriel Notteboom, raised $4.5 million to develop autonomous solar-powered aircraft for long-duration stratospheric flights to provide connectivity and imaging services. They recently demonstrated a prototype that flew nonstop for over 24 hours and plan to expand their team and capabilities.
AI2 Spinout BirchAI Raises $3.1M Seed to Automate Healthcare Customer-Support Call Summaries
BirchAI, an AI2 spinout founded in June 2020, raised $3.1 million in seed funding for software that transcribes, summarizes and analyzes healthcare customer-support calls to reduce post-call documentation time and improve employee and patient satisfaction. CEO Kevin Terrell says the Seattle startup targets medical device, pharmaceutical and insurance companies and lets employees edit AI-generated summaries.
People
-
Cyriel Notteboom Executive Officer, Director, Promoter
-
James Thomas Executive Officer, Director, Promoter
