[ERRATUM] 💂 Developer-First #139 - AI Agents for Software Development Agencies
The biggest opportunity of the decade
Hello friend,
I just realised I missed four of last week's deals, including Eleven Labs’ massive Series C. My apologies for this mistake. I’ve corrected the summary below.
💰 Market Summary - Week of January 27th, 2025
6 companies raised $256.5 million across 6 product categories in 4 countries.
Europe-based companies attracted 71.2% of the total funding vs 15.6% for Asia-based companies (incl. Israel) and 13.3% for North America-based companies.
AI is the category that attracted the highest funding.
1 company provides or contributes to an open-source product.
0 company was acquired this week.
🧩 Funding by Product Category
🌎 Funding by Region
🏢 Funding By Company
ElevenLabs, based in London 🇬🇧, raised $180 million in Series C funding co-led by Andreessen Horowitz and ICONIQ Growth. ElevenLabs develops AI audio models that produce realistic speech and sound effects, making these technologies accessible for content creation and localisation. (more)
Finout, from Tel Aviv 🇮🇱, raised $40 million in Series C funding led by Insight Partners. Finout offers a comprehensive FinOps tool that optimises cloud spending and streamlines financial operations management without the need for coding. (more)
Observo AI, located in Palo Alto 🇺🇸, raised $15 million in Seed funding led by Felicis Ventures and Lightspeed Venture Partners. Observo AI enhances Security and DevOps with AI-driven data pipelines that significantly cut costs and improve incident response times. (more)
Oumi, from Seattle 🇺🇸, raised $10 million in Seed funding led by Venrock and Obvious Ventures. Oumi is pioneering an unconditionally open-source AI platform designed to democratise AI development, allowing users to build, evaluate, and deploy AI models at any scale. (more)
Backline AI, based in San Francisco 🇺🇸, raised $9 million in Seed funding led by StageOne Ventures. Backline AI targets security vulnerabilities by automatically deploying trusted code and configuration changes across organisations. (more)
Kodesage, from Budapest 🇭🇺, raised $2.5 million in Pre-Seed funding led by PortfoLion Capital Partners. Kodesage is developing an enterprise solution that helps engineering teams understand complex software projects and modernise legacy systems efficiently. (more)
🤝 Mergers & Acquisitions
No transactions last week
⭐️ Trending GitHub Repositories
ollama / ollama (✩ 7,193 stars this week) - Get up and running with Llama 3.3, DeepSeek-R1, Phi-4, Gemma 2, and other large language models.
open-webui / open-webui (✩ 5,767 stars this week) - User-friendly AI Interface (Supports Ollama, OpenAI API, ...).
deepseek-ai / DeepSeek-Coder (✩ 5,265 stars this week) - DeepSeek Coder: Let the Code Write Itself.
👍 Trending Developer-First Products on ProductHunt
co.dev (👍 693) - Skip the complexity, high costs, and limitations of no-code tools—our AI-powered platform lets you create scalable, modern full-stack apps using natural language, all while keeping full ownership of your code.
OpenAI o3-mini (👍 522) - The newest, most cost-efficient reasoning model from OpenAI. Excels at STEM—science, math, & coding. Features include function calling & structured outputs. Available in ChatGPT & the API. Optimized for speed & exceptional performance.
Agora API (👍 485) - The Agora API enables developers to search, purchase, and track orders for 10 million products sold on 25,000 Shopify and WooCommerce stores. We provide a complete set of endpoints to power an end-to-end shopping experience in your app.