News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
Home > News & Insights >
Here’s the full list of 44 US AI startups that have raised $100M or more in 2024
Nov 19, 2024
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 $18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding.
The third quarter also saw the close of the largest venture deal of all time: OpenAI raised a behemoth $6.6 billion round. OpenAI’s deal was one of six AI funding rounds over $1 billion in 2024.
Here are the U.S.-based AI companies that raised $100 million or more so far in 2024:
November
- 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.
Related Articles