For some, AI fatigue is actual — however clearly enterprise buyers haven’t grown uninterested in the class.
AI offers continued to dominate enterprise funding in the course of the third quarter. AI corporations raised $18.9 billion in Q3, in keeping with Crunchbase knowledge. That determine represents 28% of all enterprise funding.
The third quarter additionally noticed the shut of the biggest enterprise deal of all time: OpenAI raised a behemoth $6.6 billion spherical. OpenAI’s deal was one among six AI funding rounds over $1 billion in 2024.
Listed here are the U.S.-based AI corporations that raised $100 million or extra thus far in 2024:
November
- Bodily Intelligence, a startup growing foundational software program for robots, based by notable names together with Sergey Levine and Lachy Groom, raised a Collection A spherical on November 4 that values the corporate at greater than $2 billion. The $400 million spherical included Lux Capital, Sequoia and Jeff Bezos, amongst others. The corporate was based in 2024.
October
- Bret Taylor’s Sierra, which makes AI chatbots for enterprise prospects, raised a $175 million spherical that values the corporate at practically $4.5 billion. The spherical, which was introduced on October 28, was led by Greenoaks with participation from Thrive Capital and Iconiq Capital.
- Autonomous warehouse robotics startup Nimble Robotics enters unicorn territory with its newest elevate. The San Francisco-based firm raised a $106 million Collection C spherical on October 23 that valued the corporate at $1.1 billion. The spherical was co-led by FedEx and Cedar Pine.
- Lightmatter, a photonic computing startup, raised a large $400 million Collection D spherical led by T. Rowe Worth on October 16. The spherical values the Silicon Valley-based firm at $4.4 billion. Lightmatter has raised greater than $800 million in enterprise capital.
- Columbus, Ohio-based autonomous welding robots startup Path Robotics raised a $100 million Collection D spherical that was introduced on October 14. The spherical was led by Matter Enterprise Companions and Drive Capital with participation from Tiger World and Addition, amongst others.
- EvenUp, an AI-powered legaltech firm, raised a $135 million Collection D spherical led by Bain Capital Ventures with participation from SignalFire and Lightspeed, amongst others. The October 8 spherical valued the startup at $1 billion.
- Berkeley-based KoBold Metals raised $491.5 million in a current enterprise spherical. The buyers aren’t disclosed, however up to now, the corporate raised from VCs together with Bond and Andreessen Horowitz.
- AI-powered software program growth platform Poolside closed a $500 million Collection B spherical on October 2. The spherical was led by Bain Capital Ventures with participation from Redpoint, StepStone, and Nvidia, amongst others. The spherical values the corporate at $3 billion.
- OpenAI introduced its extremely anticipated enterprise spherical on October 2. The $6.6 billion spherical was the biggest enterprise spherical of all time and valued the corporate at $157 billion. Thrive Capital led the spherical and was joined by different buyers, together with Tiger World and SoftBank.
September
- Enterprise search startup Glean introduced its second funding spherical of 2024 on September 10. The corporate raised a $260 million Collection E spherical that valued it at $4.5 billion, marking an 87.5% enhance in valuation since its February spherical.
- Secure Superintelligence, an AI analysis lab based by former OpenAI co-founder Ilya Sutskever and AI investor Daniel Gross. It introduced a $1 billion elevate at a $4 billion valuation on September 4. Andreessen Horowitz, Sequoia and DST World participated within the spherical, amongst others.
August
- AI coding startup Magic raised its second mega-round of the yr on August 29. The San Francisco-based firm raised $320 million in a Collection C spherical. CapitalG, Sequoia and Jane Road Capital participated within the spherical, amongst others. The corporate final raised a $117 million Collection B in February.
- Common Catalyst led the $150 million Collection C spherical into Codeium, an AI-powered coding platform, that closed on August 29. The spherical additionally included Kleiner Perkins and Greenoaks and valued Codeium at $1.2 billion.
- DevRev, which makes AI help brokers, garnered a $1.1 billion valuation after its sizable early-stage elevate. The Silicon Valley-based firm raised a $100 million Collection A spherical that included buyers like Khosla Ventures, Mayfield and Param Hansa Values. The corporate was based in 2020.
- San Francisco-based Irregular Safety raised $250 million for its AI-driven electronic mail safety firm. This funding spherical was led by Wellington Administration with participation from Menlo Ventures, Greylock and Perception Companions. The corporate is valued at greater than $5 billion.
- Groq — to not be confused with Grok — introduced a $640 million Collection D spherical on August 5 led by BlackRock. The AI chip startup additionally acquired funding from Kind One Ventures, Verdure Capital Administration and Neuberger Berman, amongst others. The corporate is valued at greater than $3 billion.
July
- Famend AI researcher Fei-Fei Li’s startup World Labs raised a $100 million spherical in July, sources instructed TechCrunch. The startup is already valued at greater than $1 billion in keeping with the Monetary Instances. World Labs is seeking to construct AI fashions that may precisely estimate the three-dimensional physicality of real-world objects.
- Authorized tech firm Harvey introduced a $100 million Collection C spherical on July 23. The spherical was led by Google Ventures, with participation from OpenAI, Kleiner Perkins and Sequoia. This spherical values the San Francisco-based firm at $1.5 billion.
- Hebbia, $130 million: Andreessen Horowitz led the spherical for Hebbia that closed July 8. The startup, which makes use of generative AI to go looking massive paperwork, additionally raised cash from Peter Thiel, Index Ventures and Google Ventures and garnered a $700 million valuation.
- Skild AI, $300 million: Pittsburgh-based Skild AI introduced a $300 million Collection A spherical on July 9 that valued the corporate at $1.5 billion. The spherical was led by Lightspeed Enterprise Companions, Coatue and Jeff Bezos’ Bezos Expeditions with participation from Sequoia, Menlo Ventures and Common Catalyst, amongst others. Skild AI builds tech to energy robots.
June
- Shiny Machines, $106 million: BlackRock led a $106 million Collection C spherical into Shiny Machines that closed on June 25. Nvidia, Microsoft and Eclipse Ventures, amongst others, additionally participated. The startup makes each sensible robotics and AI-driven software program and has raised greater than $437 million in whole funding.
- Etched.ai, $120 million: San Francisco-based Etched.ai raised a $120 million Collection A spherical on June 25. The spherical was led by Main Enterprise Companions and Optimistic Sum with participation from Two Sigma Ventures, Peter Thiel and Kyle Vogt, amongst others. Etched.ai is working to make chips that may run AI fashions quicker and cheaper than GPUs.
- EvolutionaryScale, $142 million: New York-based EvolutionaryScale is growing organic AI fashions for therapeutic design. It raised a $142 million seed spherical that closed on June 25. The spherical was led by Lux Capital, former GitHub CEO Nat Friedman and Daniel Gross, an angel investor and former head of AI at Y Combinator. The corporate was based in 2023.
- AKASA, $120 million: Healthcare income cycle automation platform Akasa introduced a $120 million spherical on June 18. The San Francisco-based startup has collected $205 million in whole funding and has raised from buyers, together with Andreessen Horowitz, Costanoa Ventures and Bond in prior rounds.
- AlphaSense, $650 million: New York-based AlphaSense raised a $650 million Collection F spherical that was introduced on June 11. The spherical was led by Viking World Traders and BDT & MSD Companions with participation from CapitalG, SoftBank Imaginative and prescient Fund and Goldman Sachs, amongst others. AlphaSense is a market intelligence platform based in 2008. The corporate has raised greater than $1.4 billion in enterprise funding and was most lately valued at $4 billion.
Could
- xAI, $6 billion: Elon Musk’s xAI raised a jaw-dropping $6 billion Collection B spherical on Could 31 from buyers, together with Sequoia, Valor Fairness Companions and Constancy, amongst others. The startup is constructing an AI platform that may “speed up human scientific discovery” and is valued at an equally gorgeous $24 billion.
- Scale AI, $1 billion: Scale AI, a startup that gives data-labeling providers to corporations for coaching AI fashions, raised $1 billion in Could. The Collection F spherical was led by Accel with participation from Tiger World, Spark Capital and Amazon, amongst others. San Francisco-based Scale AI has raised greater than $1.6 billion in whole and is presently valued at practically $14 billion.
- Suno, $125 million: AI-music creation platform Suno raised $125 million in a Collection B spherical that closed on Could 21. The spherical values the Cambridge, Massachusetts, startup at $500 million. Founder Collective, Lightspeed Enterprise Companions and Matrix participated within the spherical along with former GitHub CEO Nat Friedman and former head of AI at Y Combinator Daniel Gross.
- Weka, $140 million: Silicon Valley-based Weka created an AI-native knowledge platform and raised $140 million in a Collection E spherical that closed on Could 13. The funding was led by Valor Fairness Companions with participation from Qualcomm Ventures, Nvidia and Hitachi Ventures, amongst others. The startup was valued at $1.6 billion.
- CoreWeave, $1.1 billion: New Jersey-based GPU infrastructure supplier CoreWeave raised $1.1 billion in a Collection C spherical that closed on Could 1. Coatue led the spherical with participation from Constancy, Altimeter Capital and Magnetar Capital, amongst others. CoreWeave was launched in 2017 and is valued at $19 billion.
April
- Blaize, $106 million: AI computing platform firm Blaize raised $106 million in a Collection D spherical that was introduced on April 29. The spherical had participation from buyers, together with Temasek, Franklin Templeton and Bess Ventures, amongst others. The corporate was based in 2010 and has raised $242 million.
- Increase, $227 million: Palo Alto-based Increase raised $227 million for its AI coding help startup. The startup’s Collection B spherical was introduced on April 24. Lightspeed Enterprise Companions, Index Ventures and Sutter Hill Ventures participated within the spherical, which valued the startup simply shy of $1 billion.
- Cognition, $175 million: Founders Fund led utilized AI lab startup Cognition’s $175 million spherical that closed on April 24. This spherical got here nearly a month after the agency raised a $21 million Collection A spherical in March from Founders Fund and quite a few different buyers, together with Ramp co-founder Eric Glyman, Stripe co-founders Patrick and John Collison, and DoorDash co-founder Tony Xu. The corporate was based in November 2023 and is already valued at practically $2 billion.
- Xaira Therapeutics, $1 billion: San Francisco-based AI drug discovery startup Xaira Therapeutics raised a $1 billion Collection A spherical. Foresite Capital and ARCH Enterprise Companions led the spherical that was introduced on April 23. Sequoia, NEA and Lux Capital participated within the spherical, amongst many others.
- Cyera, $300 million: Coatue led the current $300 million Collection C spherical into AI-powered knowledge safety platform Cyera that closed on April 9. The spherical valued New York-based startup at $1.4 billion. Sequoia, Redpoint and Accel additionally participated within the spherical, amongst others.
March
- Celestial AI, $175 million: Celestial AI, based in 2020, is constructing an optical interconnect expertise platform for knowledge facilities and AI options and raised a $175 million Collection C spherical on March 27, which introduced its whole funding quantity to $338 million. The spherical was led by Thomas Tull’s US Progressive Know-how Fund with participation from M Ventures, Temasek and Tyche Companions, amongst others.
- FundGuard, $100 million: FundGuard is a New York-based startup providing an AI-powered funding accounting working system that raised $100 million at a $400 million valuation. The Collection C spherical closed on March 25 and was led by Key1 Capital with participation from Hamilton Lane, Blumberg Capital and Team8, amongst others.
- Collectively AI, $106 million: Salesforce Ventures led Collectively AI’s $106 million Collection A spherical that valued the corporate at $1.2 billion. Collectively AI is a platform designed to assist create infrastructure and open supply generative AI for growing AI fashions. NEA, Kleiner Perkins and Lux Capital additionally participated within the spherical, amongst others. The spherical was introduced on March 13.
- Zephyr AI, $111 million: Fairfax Station, Virginia-based Zephyr AI raised a $111 million Collection A spherical that closed on March 13. Revolution Development, Eli Lilly and Firm Basis, EPIQ Capital Group and investor Jeff Skoll all participated within the spherical. The startup, based in 2020, makes use of AI to reinforce drug discovery and precision medication. It has raised $129.5 million whole thus far.
February
- Glean, $203 million: AI-driven enterprise search startup Glean raised $203 million in a February 27 spherical that valued the startup at $2.2 billion. The Collection D spherical was led by Lightspeed Enterprise Companions and Kleiner Perkins with participation from Sequoia and Databricks Ventures, amongst others. The Silicon Valley-based startup has raised greater than $350 million in enterprise funding and its founder, Arvind Jain, was lately interviewed on TechCrunch’s Discovered podcast.
- Determine, $675 million: Silicon Valley-based AI robotics startup Determine raised a $675 million Collection B spherical that closed on February 24. The spherical valued the startup at practically $2.7 billion. Nvidia, OpenAI and Microsoft participated within the spherical, amongst others. The startup was based in 2022 and has raised greater than $850 million.
- Abridge, $150 million: Pittsburgh-based Abridge, which makes use of AI to transcribe medical conversations, raised a $150 million Collection C spherical that closed on February 23. The spherical was led by Redpoint and Lightspeed Enterprise Companions with participation from USV, IVP and Spark Capital, amongst others. This spherical brings the six-year-old firm’s valuation to $850 million.
- Recogni, $102 million: The corporate designs high-output however low-power AI interface options, and it raised a $102 million Collection C spherical on February 20. The spherical was led by GreatPoint Ventures and Celesta Capital. Pledge Ventures, Mayfield and DNS Capital additionally contributed to the spherical.
- Lambda, $320 million: San Francisco-based deep studying infrastructure firm Lambda raised $320 million in a Collection C spherical that was introduced on February 15. The spherical was led by Thomas Tull’s US Progressive Know-how Fund with participation from Gradient Ventures, Mercato Companions and T. Rowe Worth, amongst others. Lambda has raised greater than $900 million in enterprise capital and was most lately valued at $1.5 billion.
- Magic, $117 million: AI coding startup Magic raised a $117 million Collection B spherical that closed on February 12. The spherical was led by NFDG Ventures with participation from CapitalG and angel investor Elad Gil. The San Francisco-based firm has raised greater than $145 million in whole capital.
January
- Kore.ai, $150 million: A startup constructing conversational AI for enterprises, Kore.ai raised a $150 million Collection D spherical that was introduced on January 30. FTV Capital led the spherical into the Orlando, Florida-based firm. Nvidia, Vistara Development, and NextEquity Companions participated as effectively, amongst others. Kore.ai was based in 2013 and has raised greater than $223 million in funding.
This piece was initially printed on July 13, 2024, and was up to date on September 9, 2024, October 11, 2024, and November 15, 2024 to incorporate extra offers.
This piece has been up to date to appropriate Glean’s present valuation.