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Loti AI Closes Nearly $7 Million Seed Round with Additional Investment From Khosla Ventures

Loti AI Closes Nearly $7 Million Seed Round with Additional Investment From Khosla Ventures

October 9, 2024 Craig Etkin

September 30, 2024 09:00 AM Eastern Daylight Time

SEATTLE–(BUSINESS WIRE)–Loti AI, a leader in likeness protection technology, today announced it has secured an additional investment from Khosla Ventures for its seed funding. This new investment brings the total amount of capital raised to $6.65 million. The seed round was led by FUSE and Bling Capital, with participation from K5 Tokyo Black, Ensemble, and AlphaEdison.

“The VCs that Founders Love the Most”Post this

Loti leverages advanced AI to accurately detect and remove unauthorized content featuring clients’ likenesses online, including social media impersonations, deepfakes, voice simulations, and leaks. The company offers Loti Watchtower to surface, identify, and remove unauthorized content; and Loti Enforce to eliminate unlicensed distribution based on contract terms. Loti has inked strategic partnerships with major talent agency WME and other major agencies, and works directly with the biggest celebrities in the world to secure their digital presence.

“Content on the internet is uncontrolled, easily manipulated, distributed or faked – and anyone can do it,” said Luke Arrigoni, founder and CEO of Loti AI. “Loti protects celebrities and other public figures from misleading and manipulated images, videos, and audio that can undermine and even destroy their brand and reputation.”

Digital Likeness Protection for Public Figures

Deepfakes and other unauthorized content are growing in line with the rise of AI, posing serious risks to public figures’ brands and businesses. Loti’s recent data shows a 40% jump in detected deepfakes in the past month alone.

Loti offers unparalleled online protection to public figures, artists, athletes, creators, and executives. The company’s proprietary technology scans more than 450 million digital assets each day across major social platforms (YouTube, Instagram, TikTok, Reddit, Pinterest, X), the public internet, and adult sites. The company leverages advanced AI to identify any unauthorized likeness and automatically remediate with a rules-based takedown engine. To date, Loti’s auto-takedown functionality has a 95% success rate within 17 hours.

Unlike detection tools that determine whether something is a deepfake, Loti is focused on proactive protection. By integrating state-of-the-art AI with a robust architectural foundation, Loti can scale massively while maintaining exceptional accuracy. Loti works continuously in the background to find, identify and take down unauthorized content as fast as possible – whether it is deepfaked, altered, or an unlicensed use. This ensures ongoing protection for creators and brands in a rapidly evolving digital landscape, while also offering quick response times and comprehensive coverage worldwide.

“AI deepfakes and other unauthorized content has already become a cornerstone challenge in the age of GenAI as evidenced by recent image model launches, and influencers, politicians, and celebrities will need to grapple with this new reality,” said Jon Chu of Khosla Ventures. “Loti is already protecting the largest celebrities in the world, and Luke and his team have utilized their deep experience in entertainment and deepfake technology to build the only platform today that stops misinformation, fraud, and scams both in real time and at web scale. This has allowed Loti’s clients to reclaim control of their brand and image and protect their likeness in a GenAI world.”

About Loti

Loti AI protects public figures from online threats, specializing in deepfake and impersonation detection. Founded in 2022, we offer Watchtower for likeness protection and content removal, and Enforce for contract enforcement. For more information, please visit GoLoti.com.

About Khosla Ventures

Khosla Ventures is a venture capitalist firm that provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. The firm focuses on transformative technology in consumer, enterprise, education, advertising, financial services, semiconductors, health, big data, agriculture/food, sustainable energy and robotics. Khosla Ventures is headquartered in Menlo Park, California. For more information about the firm’s activities, please visit https://www.khoslaventures.com.

About FUSE

FUSE is an early-stage technology investor based in Bellevue, WA. Founded in 2020, FUSE manages over $430M across two early-stage venture capital funds. FUSE invests in ambitious founders who apply technology to antiquated business processes to build large and enduring businesses. For more information, visit fuse.vc

About Bling Capital

Bling Capital is an early stage venture fund founded in 2018 by Ben Ling, a former product executive at Google, Facebook, and YouTube. Since inception, Bling Capital has backed over 100 companies that have collectively raised over $2B. Bling Capital offers a unique Product Council of 100+ top executives as resources to its portfolio companies. We are honored to have been featured by TechCrunch as “The VCs that Founders Love the Most” and Ben Ling was recently ranked #5 on the 2024 Forbes Midas Seed List.

Contacts

Renee Newby, press@goloti.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Loti AI, Seattle, Venture Capital, Washington

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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