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TechCrunch: Here’s the full list of 49 US AI startups that have raised $100M or more in 2024

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Originally published on TechCrunch.

For some, AI fatigue is real. But clearly venture investors haven’t grown tired of the category.

AI deals continued to dominate venture funding during the third quarter. AI companies raised $19 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding.

The fourth quarter of 2024 has been no less busy for these outsized rounds. Elon Musk’s xAI raised a behemoth $6 billion round, one of seven AI funding rounds over $1 billion in 2024, in November. That’s just months after OpenAI raised its $6.6 billion round.

Here are the U.S.-based AI companies that raised $100 million or more so far in 2024:

December

  • Liquid AI, a foundation model startup, raised a sizable $250 million Series A round that values the Cambridge, Massachusetts-based startup at $2.35 billion. AMD Ventures led the round and was joined by Duke Capital Partners, The Pags Group, and OSS Capital. The round closed on December 13.
  • Atlanta-based Tractian raised a $120 million Series C round that values the company at $720 million. The machine intelligence company raised money from Sapphire Ventures, NGP Capital and General Catalyst, among others. The round was announced on December 5.
  • AI hardware company Tenstorrent nabbed a $2.7 billion valuation in its latest funding round. The San Francisco-based company raised a $693 million Series D round that closed on December 2. Samsung Securities and AFW Partners led the round with participation from Fidelity, Bezos Expeditions, and Hyundai Motor Group, among others.

November

  • Elon Musk’s xAI raised its second monster funding round this year: a $6 billion round from investors including Sequoia, Andreessen Horowitz, and the Qatar Investment Authority. The deal values the company at $50 billion.
  • Enfabrica, an AI networking chip startup, raised a $115 million Series C round led by Spark Capital. Sutter Hill Ventures, Cisco Investments, and Valor Equity Partners, among others, participated, which was announced November 19.
  • Full-stack generative AI platform Writer announced a $200 million Series C round on November 12. The round was led by Radical Ventures, Premji Invest, and Iconiq with participation from Salesforce Ventures, Insight Partners, and Vanguard, among others. The round values the startup at $1.9 billion.
  • Physical Intelligence, a startup developing foundational software for robots, founded by notable names including Sergey Levine and Lachy Groom, raised a Series A round on November 4 that values the company at more than $2 billion. The $400 million round included Lux Capital, Sequoia and Jeff Bezos, among others. The company was founded in 2024.

October

  • Bret Taylor’s Sierra, which makes AI chatbots for enterprise customers, raised a $175 million round that values the company at nearly $4.5 billion. The round, which was announced 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 latest raise. The San Francisco-based company raised a $106 million Series C round on October 23 that valued the company at $1.1 billion. The round was co-led by FedEx and Cedar Pine.
  • Lightmatter, a photonic computing startup, raised a sizable $400 million Series D round led by T. Rowe Price on October 16. The round values the Silicon Valley-based company at $4.4 billion. Lightmatter has raised more than $800 million in venture capital.
  • Columbus, Ohio-based autonomous welding robots startup Path Robotics raised a $100 million Series D round that was announced on October 14. The round was led by Matter Venture Partners and Drive Capital with participation from Tiger Global and Addition, among others.
  • EvenUp, an AI-powered legaltech company, raised a $135 million Series D round led by Bain Capital Ventures with participation from SignalFire and Lightspeed, among others. The October 8 round valued the startup at $1 billion.
  • Berkeley-based KoBold Metals raised $491.5 million in a recent venture round. The investors aren’t disclosed, but in the past, the company raised from VCs including Bond and Andreessen Horowitz.
  • AI-powered software development platform Poolside closed a $500 million Series B round on October 2. The round was led by Bain Capital Ventures with participation from Redpoint, StepStone, and Nvidia, among others. The round values the company at $3 billion.
  • OpenAI announced its highly anticipated venture round on October 2. The $6.6 billion round was the largest venture round of all time and valued the company at $157 billion. Thrive Capital led the round and was joined by other investors, including Tiger Global and SoftBank.

Read more here.

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