Brief

AI startup Collate has secured $95 million in a funding round led by Redpoint Ventures, valuing the company at nearly $1 billion. The company utilizes AI to automate administrative tasks within the life sciences sector, such as regulatory filings and clinical trial documentation. Collate reports significant time savings for its clients, ranging from 50% to 90%, and aims to streamline the process of bringing new therapies to market. AI

SOND, a sleep tech startup founded by former Bose sleep product leaders, has emerged from stealth with $7 million in funding. The company's debut product, Dreambuds, are earbuds designed to actively improve sleep by monitoring physiological signals and using an AI coach to deliver personalized audio programs. The system operates independently of a smartphone, featuring a charging case with Wi-Fi, Bluetooth, and an OLED display. AI