Artificial intelligence (AI) companies continue to dominate the startup investment market in 2024. Despite some voices in the market suggesting that enthusiasm for AI is starting to wane, data shows that investors remain confident in the space.
In the third quarter of this year, AI companies raised a total of $18.9 billion in funding, accounting for 28% of all venture capital investments.Among them, OpenAI even closed a whopping $6.6 billion round of funding on October 2nd.Financing, becoming the largest single-round financing case in history.
Here's a compilation by foreign tech outlet Techcrunch of those who have raised $100 million or more so far in 2024USA AI Corporation.
tenth month (of the lunar year)
Artificial intelligence legal tech company EvenUp has closed a $135 million Series D round led by Bain Capital Ventures and followed by SignalFire and Lightspeed, among others.The Oct. 8 funding round gives theStartupswhich is valued at $1 billion.
Berkeley-based KoBold Metals raised $491.5 million in a recent venture capital round. Investors have not been disclosed, but in the past the company has raised money from venture capital firms such as Bond and Andreessen Horowitz.
On October 2, Poolside, an artificial intelligence software development platform, closed a $500 million Series B round of financing. The round was led by Bain Capital Ventures with participation from Redpoint, StepStone and Nvidia. The round valued the company at $3 billion.
On October 2, OpenAI announced its highly anticipated funding round. The $6.6 billion round, the largest ever, valued the company at $157 billion.Thrive Capital led the round, with other investors including Tiger Global and SoftBank.
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Enterprise search startup Glean announced its second round of 2024 funding on September 10th. The company raised $260 million in Series E funding, bringing its valuation to $4.5 billion, an increase of 87.51 TP3T in valuation since the February funding round.
Safe Superintelligence, an AI research lab founded by former OpenAI co-founder Ilya Sutskever and AI investor Daniel Gross, announced on Sept. 4 that it had raised $1 billion at a valuation of $4 billion.Andreessen Horowitz, Andreessen Horowitz, Sequoia and DST Global, among others, participated in the round.
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On August 29, artificial intelligence coding startup Magic closed its second huge round of funding this year. The San Francisco-based company raised $320 million in Series C. CapitalG, Sequoia and Jane Street Capital were among the firms that participated in the round. The company last raised $117 million in a Series B round in February.
General Catalyst led a $150 million Series C round of funding for artificial intelligence coding platform Codeium, which closed on August 29th. Other participants in the round, which valued Codeium at $1.2 billion, included Kleiner Perkins and Greenoaks.
DevRev, which develops AI-enabled agents, has received a $1.1 billion valuation after an early funding round. The Silicon Valley-based company raised $100 million in Series A funding from investors including Khosla Ventures, Mayfield and Param Hansa Values.The company was founded in 2020.
San Francisco-based Abnormal Security has raised $250 million for its AI-driven email security company. The round was led by Wellington Management with participation from Menlo Ventures, Greylock and Insight Partners. The company is valued at more than $5 billion.
Groq announced on Aug. 5 that it closed a $640 million Series D round led by BlackRock. The AI chip startup also received investments from Type One Ventures, Verdure Capital Management and Neuberger Berman, among others. The company is valued at more than $3 billion.
seventh month (of the lunar year)
World Labs, the startup of famed AI researcher Fei-Fei Li that raised $100 million in July, has been valued at more than $1 billion, sources said.World Labs is seeking to build AI models that can accurately estimate the three-dimensional physical properties of real-world objects.
Harvey, a legal technology company, announced on July 23rd that it has closed a $100 million Series C funding round. The round was led by Google Ventures with participation from OpenAI, Kleiner Perkins and Sequoia. The round valued the San Francisco-based company at $1.5 billion.
Hebbia, $130M: Andreessen Horowitz led a funding round for Hebbia that closed on July 8th. The startup, which uses generative artificial intelligence to search large documents, also received funding from Peter Thiel, Index Ventures and Google Ventures and is valued at $700 million.
Skild AI, $300M:Pittsburgh-based Skild AI announced on July 9 that it has closed a $300 million Series A funding round, valuing the company at $1.5 billion. Led by Lightspeed Venture Partners, Coatue, and Jeff Bezos' Bezos Expeditions, with participation from Sequoia, Menlo Ventures, and General Catalyst, Skild AI is focused on the development of robotics.
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Bright Machines, $106 million:BlackRock led Bright Machines' $106 million Series C funding round, which closed on June 25th.Nvidia, Microsoft, and Eclipse Ventures, among others, also participated. The startup, which makes both intelligent robots and AI-powered software, has raised more than $437 million in total funding.
Etched.ai, $120M: San Francisco-based Etched.ai closed a $120 million Series A funding round on June 25th. The round was led by Primary Venture Partners and Positive Sum, with participation from Two Sigma Ventures, Peter Thiel, and Kyle Vogt, among others. etched.ai is working to make chips that can run AI models faster and cheaper than GPUs.
EvolutionaryScale, $142 million:New York-based EvolutionaryScale is developing biological AI models for therapeutic design. The company raised a $142 million seed round that closed on June 25th. The round was led by Lux Capital, former GitHub CEO Nat Friedman and angel investor Daniel Gross, former head of AI at Y Combinator. The company was founded in 2023.
AKASA, $120M:Akasa, a healthcare revenue cycle automation platform, announced on June 18 that it had closed a $120 million funding round. The San Francisco-based startup has secured a total of $205 million in funding and has been favored by investors such as Andreessen Horowitz, Costanoa Ventures and Bond in previous funding rounds.
AlphaSense, $650M:New York-based AlphaSense announced on June 11 that it raised $650 million in Series F funding. The round was led by Viking Global Investors and BDT & MSD Partners, with participation from CapitalG, SoftBank Vision Fund, and Goldman Sachs, among others.AlphaSense is a market intelligence platform founded in 2008. The company has raised over $1.4 billion in venture capital and was recently valued at $4 billion.
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xAI, $6 billion: Elon Musk's xAI raised a staggering $6 billion in Series B funding on May 31 from investors including Sequoia, Valor Equity Partners and Fidelity. The startup, which is building an AI platform to "accelerate human scientific discovery," is also valued at $24 billion.
Scale AI, $1B: Scale AI, a startup that provides data-labeling services to enterprises to train AI models, raised $1 billion in May.The Series F round was led by Accel, with participation from Tiger Global, Spark Capital and Amazon, among others. In total, San Francisco-based Scale AI has raised more than $1.6 billion and is now valued at nearly $14 billion.
Suno, $125M:Artificial intelligence music creation platform Suno raised $125 million in a Series B funding round that closed on May 21st. The round valued the Cambridge, Massachusetts-based startup at $500 million. Founder Collective, Lightspeed Venture Partners, and Matrix participated in the round, along with former GitHub CEO Nat Friedman and former Y Combinator Artificial Intelligence leader Daniel Gross.
Weka, $140M:Silicon Valley-based Weka has created an AI-native data platform and raised $140 million in a Series E round that closed on May 13th. The funding was led by Valor Equity Partners with participation from Qualcomm Ventures, Nvidia and Hitachi Ventures. The startup is valued at $1.6 billion.
CoreWeave, $1.1 billion:New Jersey-based GPU infrastructure provider CoreWeave raised $1.1 billion in a Series C funding round that closed on May 1. Coatue led the round, with Fidelity, Altimeter Capital and Magnetar Capital among others following. CoreWeave was founded in 2017 at a valuation of $19 billion.
fourth month (of the lunar year)
Blaize, $106 million:Blaize, an artificial intelligence computing platform company, raised $106 million in a Series D funding round announced on April 29th. Investors participating in the round included Temasek, Franklin Templeton and Bess Ventures, among others. The company was founded in 2010 and has raised $242 million.
Augment, $227 million:Palo Alto-based Augment has raised $227 million for its AI coding assistance startup. The startup's Series B funding round was announced on April 24.Lightspeed Venture Partners, Index Ventures and Sutter Hill Ventures participated in the round, which valued the startup at just under $1 billion.
Cognition, $175M: Founders Fund led a $175 million funding round that closed April 24 for applied AI lab startup Cognition. The round comes about a month after the company raised a $21 million Series A in March from Founders Fund and a host of other investors, including Ramp co-founder Eric Glyman, Stripe co-founders Patrick and John Collison, and DoorDash co-founder Tony Xu. founder Tony Xu.The company was founded in November 2023 and has been valued at nearly $2 billion.
Xaira Therapeutics, $1 billion:San Francisco-based AI drug discovery startup Xaira Therapeutics has raised a $1 billion Series A. Foresite Capital and ARCH Venture Partners led the round, which was announced on April 23rd. Foresite Capital and ARCH Venture Partners led the round, which was announced on April 23, with participation from Sequoia, NEA, and Lux Capital, among others.
Cyera, $300M: Coatue has led a $300 million Series C funding round for Cyera, an artificial intelligence data security platform, which closed on April 9th. The round valued the New York startup at $1.4 billion, with participation from Sequoia, Redpoint and Accel, among others.
third month (of the lunar year)
Celestial AI, $175M:Founded in 2020, Celestial AI is building an optical interconnect technology platform for data centers and AI solutions and raised $175 million in Series C funding on March 27, bringing its total funding to $338 million. The round was led by Thomas Tull's U.S. Innovative Technology Fund, with participation from M Ventures, Temasek and Tyche Partners.
FundGuard, $100M: FundGuard, a New York-based startup that provides an AI-powered investment accounting operating system, raised $100 million at a valuation of $400 million.The Series C funding round, which closed on March 25, was led by Key1Capital, with follow-on rounds from Hamilton Lane, Blumberg Capital and Team8, among others.
Together AI, $106M: Salesforce Ventures led a $106 million Series A round in Together AI, valuing the company at $1.2 billion, a platform designed to help create the infrastructure and open source generation of AI for the development of AI models. NEA, Kleiner, Perkins and Lux Capital also participated in the round. The funding round was announced on March 13th.
Zephyr AI, $111 million:Fairfax Station, Virginia-based Zephyr AI raised $111 million in Series A funding, which closed on March 13.Revolution Growth, Eli Lilly and Company Foundation, EPIQ Capital Group and investor Jeff Skoll all participated in the round. The funding round. The startup, founded in 2020, utilizes artificial intelligence to enhance drug discovery and precision medicine. It has raised $129.5 million to date.
second month (of the lunar year)
Glean, $203M:Artificial intelligence-powered enterprise search startup Glean raised $203 million in a Feb. 27 funding round valuing the company at $2.2 billion.The Series D round was led by Lightspeed Venture Partners and Kleiner Perkins, with participation from Sequoia and Sequoia and Databricks Ventures, among others. The Silicon Valley-based startup has raised more than $350 million in venture capital.
Figure, $675 million:Silicon Valley-based AI robotics startup Figure closed a $675 million Series B funding round that closed on February 24th. The round valued the startup at nearly $2.7 billion, with participation from Nvidia, OpenAI and Microsoft, among others. The startup, which was founded in 2022, has raised more than $850 million.
Abridge, $150M:Pittsburgh-based Abridge, which uses artificial intelligence to transcribe medical conversations, closed a $150 million Series C funding round on February 23rd. The round was led by Redpoint and Lightspeed Venture Partners, with participation from USV, IVP and Spark Capital. The round valued the six-year-old company at $850 million.
Recogni, $102M: The company, which designs high-output but low-power AI interface solutions, raised $102 million in Series C funding on February 20th. The round was led by GreatPoint Ventures and Celesta Capital, with participation from Pledge Ventures, Mayfield and DNS Capital.
Lambda, $320 million:Lambda, a San Francisco-based deep learning infrastructure company, raised $320 million in a Series C funding round announced on February 15th. The round was led by Thomas Tull's U.S. Innovative Technology Fund, with participation from Gradient Ventures, Mercato Partners and T. Rowe Price, among others.Lambda has raised more than $900 million in venture capital and was recently valued at $1.5 billion.
Magic, $117M:Artificial intelligence coding startup Magic has raised $117 million in Series B funding, which closed on February 12th. The round was led by NFDG Ventures with participation from CapitalG and angel investor Elad Gil. The San Francisco-based company has raised more than $145 million in total capital.
first month (of the lunar year)
Kore.ai, $150M: Kore.ai, a startup that builds conversational AI for businesses, announced on Jan. 30 that it closed a $150 million Series D. FTV Capital led the Orlando, Florida-based company, with participation from Nvidia, Vistara Growth and NextEquity Partners. Kore.ai was founded in 2013 and has raised more than $223 million in funding.