The Biggest Non-AI Related Rounds Of 2024

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Last year, artificial intelligence once again dominated venture capital. But we’ve run away List of the largest funding rounds raised by AI-related startupswhat about some of the other industries where big deals are happening in 2024? Here’s a rundown of the largest funding rounds raised by U.S. startups that aren’t necessarily focused on artificial intelligence. Let’s see who else has raised big money.

1. (tied) epic game$1.5B, game: Epic Games is no stranger to this list. Gaming giant raises funds Events in 2022 when it gets $2 billion sony and kirby —The family holding and investment company behind The LEGO Group –Valuation of $31.5 billion. In February, the North Carolina-based company announced a partnership with disney Help learn more about the company’s characters and properties – including Marvel Comics characters. However, the valuation for this round has dropped significantly because report Disney’s investment is valued at $22.5 billion. Founded in 1991, the creators of Fortress Heroes have reportedly raised nearly $8 billion to date Crunchbase data.

1. (tied) generate capital$1.5B, renewable energy: If the name looks familiar, it’s probably because the company is on the list forward. The San Francisco-based green infrastructure investor and operator raised $1.1 billion in early 2023 U.S. Securities and Exchange Commission Filing and reports. The financing comes just about 18 months after raising $1 billion in 2021. California Teachers Retirement System. Generate invests in a range of infrastructure projects, from community solar systems to municipal wastewater treatment to fleet electrification. The company was founded in 2014 and has raised $7.1 billion in funding. Via Crunchbase.

3. three hundred$1.3B, DevOps: In November, Tricentis received US$1.3 billion in investment from private equity firms GTCR The software testing startup is valued at $4.5 billion. It’s unclear from the report whether this is a new stock or an existing stock, but it is on the list. The Austin, Texas-based startup was founded in Austria in 2007. Insight partners Acquired majority stake in 2017. Via Crunchbase.

4. Wiz$1B, Internet Security: Cloud security startup Wiz has secured the largest cybersecurity funding round of the year, raising $1 billion at a $12 billion valuation. This round of financing – announced in the industry at the same time RSA conference Launched in San Francisco in May – co-led by Andreessen Horowitz, Lightspeed Venture Capital and Thrive Capital. Founded in 2020, Wiz says it has raised $1.9 billion to date. Originally founded in Israel, Wiz has been busy lately. Earlier this year, it acquired a New York-based cloud detection and response startup Gem safety. The company may use the new infusion of cash to make more deals. Wiz, also based in New York, said it had $350 million in annual recurring revenue last year. it has Openly talks about reaching $1 billion in ARR during IPO process.

5. pacific fusion corp.$900 million, energy: Another big AI-related round went to Pacific Fusion, a startup trying to create energy based on nuclear fusion, which raised more than $900 million in Series A funding from universal catalyst October. The funding does depend on the company hitting certain milestones – but no details were given. This round of financing further shows investor interest in energy sources that can meet the huge power needs of artificial intelligence.

6. Radiology Partners$720 million, Healthcare: El Segundo, Calif.-based Radiology Partners, which provides radiology services, had its hands full in February with a list of transactions involving existing notes and outstanding credit lines. However, as part of these moves, it also closed approximately $720 million in growth equity investments from existing and new (unnamed) investors. The company was founded in 2012 and has raised $2 billion, Via Crunchbase.

7. Want to know$700 million, food delivery: Mark LoreIts food delivery startup Wonder continues to raise huge amounts of funding. it has big rounds March, November 2023 And in June 2022. It’s back again as part of its $650 million acquisition grub hub In November, it raised an additional $250 million specifically from unnamed new investors. For the acquired Grubhub, the deal price fell sharply Only takeout Financing in 2021 is $7.3 billion. Via Crunchbase.

8. Psychic Quantum$620 million, quantum computing: In April, PsiQuantum secured the largest funding round of any quantum startup last year, beating How manyof US$300 million in equity financing Starting in January, the pre-money valuation was $5 billion. Palo Alto, Calif.-based PsiQuantum secures $620 million financing package from Commonwealth of Australia Queensland Governments will build a quantum computer near Brisbane Airport in Australia. The round was actually a combination of equity, grants and loans, so it wasn’t all equity. The company was founded in 2016 and has raised more than $1.3 billion, Via Crunchbase.

9. Crusoe Energy Systems$600 million, Energy: Back in 2022, the Denver-based company powered Bitcoin mining by harnessing natural gas typically burned during oil extraction and used it to power the data centers required for mining. The company raised US$350 million Series C equity financing leader G2 Venture Partnersvalued at $1.75 billion in the process. Well, in October, Crusoe turned his attention to artificial intelligence—literally. The company is a so-called “neocloud” – a data center company that provides outsourced cloud computing to those looking to build artificial intelligence. This business plan was enough for Crusoe to It is said Locked in US$500 million in led financing Founders Fund The valuation is US$2.8 billion. The company was founded in 2018 and has raised $1.3 billion, Via Crunchbase.

10. (tie) circulating energy$500 million, energy: In January this year, Austin, Texas-based Recurrent Energy received a $500 million preferred stock investment BlackRock. The company, a utility-scale solar and energy storage project development, ownership and operations platform, plans to use the new capital to expand its “high-value project development pipeline.” Recurrent is a subsidiary of the following companies Canadian Solarand the company will continue to own the remaining majority stake in Recurrent after the investment closes. The company was founded in 2006 and has raised approximately $3.2 billion, Via Crunchbase.

10. (tie) X energy$500 million, energy: In October, X-energy raised approximately $500 million in Series C-1 funding, led by Amazon. The Rockville, Maryland-based company is developing advanced small modular nuclear reactors for clean energy generation. Amazon and X-energy are working together to bring more than 5 gigawatts of new power projects online in the United States by 2039. Via Crunchbase.

Big global deals

The three largest rounds of funding raised by non-U.S. startups not focused on artificial intelligence all came from China.

• December, China AvatarThe electric vehicle brand raised a Series C financing worth approximately US$1.5 billion.
• In March, semiconductor companies Changxin Storage Technology Raised approximately $1.5 billion worth of venture capital.
• Also in March, China-based Zhiji AutomobileThe electric vehicle developer and manufacturer raised $1.1 billion in Series B funding.

methodology

We’ve tracked the largest announced funding rounds in Crunchbase’s database raised in 2024 by U.S. companies not labeled as artificial intelligence.

Illustration: Dom Guzman