The Largest AI Startup Funding Deals Of 2024

Want to track the biggest startup financing deals of 2024 with our curated list of $100M+ venture deals targeting U.S. companies? Check Crunchbase Large Trading Board. You can also check out the hottest AI rounds of 2023 here.

Artificial intelligence dominated the venture capital landscape last year. This is especially true when you consider how many startups in the industry will raise nine- and even 10-figure rounds in 2024. Raising over a billion dollars in one go. Let’s take a look.

1. data block$10B: Databricks raised $10 billion at a $62 billion valuation, the largest venture capital investment of 2024 and one of the largest ever. Its new valuation represents a 44% increase from its 2023 valuation of $43 billion. The San Francisco-based company, which uses tools like artificial intelligence and machine learning to help businesses process, analyze and manage large amounts of data quickly and efficiently, is currently ranked No. 4. Highly Valuated U.S. Startupsfollowing OpenAI, Space Exploration Technologies Corporation and stripe. Thrive Capital Led new financing for Databricks. Andreessen Horowitz, Dashtone Global, government investment corporation, Insight partners and Huahui Investment Management Company Co-led this round. Databricks said other significant investors include existing investors Ontario Teachers Pension Plan and new investors icon grow, MGX, Sands Capital and Wellington Management Company. The company said it plans to use the new funds to develop new artificial intelligence products, acquisitions, international expansion and to provide liquidity to current and former employees.

2. Open artificial intelligence$6.6B: OpenAI locks in second largest round of the year – $6.6 billion Post-financing valuation reaches US$157 billion, led by Thrive Capital. This round of competition was achieved Chat GPT Created one of the world’s most valuable private companies, also including investments in altimeter capital, Fidelity, Khosla Ventures, Microsoft, NVIDIA, SoftBank and Abu Dhabi-based MGX. Was also report SoftBank’s vision fund It will invest US$500 million in this round. The October funding comes as the company faces myriad issues, including an exodus of top employees, restructuring changes to transform it from a nonprofit to a for-profit benefit company and giving its co-founders Sam Altman equity in the company. The financing structure appears to take these factors into account, as it features convertible notes and It is said If changes are not completed within two years, investors can request a refund and have the cap on investor returns removed.

3. (tied) xAI$6B: In May, xAI raised $6 billion in financing This includes investments from the following institutions Courage Equity Partners, Andreessen Horowitz, Sequoia Capital and Fidelity Management Researchwait. After this financing, the company is valued at US$24 billion. This deal isn’t the only time we’ve seen it, either Muskof generative AI startups are on this list. The company was founded in the summer of 2023 and released ChatGPT competitor Grok in November 2023. X, (formerly Twitter).

3. (tied) xAI$6B: It didn’t take long for xAI to reappear on this list. In November, xAI raised another $6 billion in a round of financing, valuing it at $50 billion. wall street journal reported. The new round of investment includes Qatar Investment Authority, Courage Equity Partners, Andreessen Horowitz and Sequoia Capital.

5. Waymo$5.6B: self-driving car companies Waymowhich is from Google‘s lab received a major investment round from its former parent company, letter In a deal announced in October, $5.6 billion was invested in the company. The new round of funding values ​​the company at more than $45 billion and is the startup’s first since a $2.5 billion round in 2021.

6. Anthropic selection$4B: Also in November, Amazon Agreed to invest an additional $4 billion in artificial intelligence startup Anthropic, a competitor of ChatGPT that has an artificial intelligence assistant named Claude. In the fall of 2023, Amazon agreed to invest up to Anthropic is worth $4 billion – Giving the Seattle-based e-commerce and cloud giant a minority stake in the company. The direct investment is US$1.25 billion, with the remaining US$2.75 billion to be funded earlier this year. The transaction includes artificial naming Amazon Web Services It uses AWS Trainium and Inferentia chips to build, train and deploy its models. The new investment means Amazon will invest $8 billion in Antropic and retain its minority stake in the startup, according to Anthropic. blog.

7. (tie) Anduril Industries$1.5B: Anduril Industries It tied its own record for the largest defense technology funding round ever. In August, the Costa Mesa, Calif.-based startup targeted a Series F financing of US$1.5 billion The company is valued at $14 billion, a 69% jump from the $8.5 billion valuation it received after its massive acquisition. US$1.5 billion Series E financing Late 2022. Founders Fund and Sands Capital. The company will use a portion of the new proceeds to develop Arsenal-1, a production space covering more than 5 million square feet designed to produce tens of thousands of autonomous military systems annually.

7. (tie) G42$1.5B: April, Microsoft made one US$1.5 billion strategic investment G42, an artificial intelligence company headquartered in the United Arab Emirates. While Microsoft’s heavy investment in artificial intelligence is nothing new – see Open artificial intelligence –The deal with artificial intelligence holding company G42 comes with other entanglements that may need to be resolved before the deal is announced. Was also report The deal follows talks between the United States and the 42-nation bloc to divest from Chinese technology and reduce its presence in the country. Earlier this year, the U.S. House Select Committee on the Communist Party of China issued a letter urge Ministry of Commerce Investigate G42.

9. (tie) core weaving$1.1B: In May, AI cloud infrastructure startup CoreWeave locked US$1.1 billion in financing leader coat The company is valued at $19 billion, According to the Wall Street Journal. The valuation represents a nearly threefold increase from the company’s valuation in December 2023, when it was valued at Valuation reached $7 billion after second sale. It’s also a huge jump from its $2 billion valuation. B series extension May 2023.

9. (tie) Wave$1.1B: Also in May, London-based self-driving car startup Wave The value of the funds raised is approx. $1.1 billion in a SoftBankThe funding round, led by the company, marks one of the largest ever funding deals for a UK start-up and demonstrates continued investor enthusiasm for the artificial intelligence sector. NVIDIA and existing investors Microsoft Also participated in Series C financing. Wayve has raised $1.3 billion so far, Via Crunchbase. It did not disclose the valuation of the latest financing. How its self-driving car technology works embody artificial intelligenceor a system in which a real-world object (such as a robot, or in this case, a vehicle) driven by artificial intelligence software interacts with and continuously learns about the world as it moves through the environment.

Finally, four AI startups raised $1 billion in funding this year: moon landing artificial intelligence, Safe super smart, Artificial intelligence scale and Sera Therapy.

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Illustration: Dom Guzman