The Complete List of 28 US AI Startups to Earn Over $100 Million in 2024
![The Complete List of 28 US AI Startups to Earn Over $100 Million in 2024](https://ai-magazine.com/wp-content/uploads/2024/07/OIG4.nkJ6x5llEGZg6QWHE8oh-1.jpg)
- July 18, 2024
- allix
- AI Projects
In the first half of 2024 alone, according to the latest data from Crunchbase, $35.5 billion was poured into AI startups worldwide. Notably, five of the six investment rounds that exceeded $1 billion during this period were secured by AI firms. Many other AI startups have raised more than $100 million. US startups were responsible for two billion-dollar rounds and secured nearly 64% of those mega-rounds.
Here are the US AI companies that will raise $100 million or more in 2024:
July
– Hebbia, $130 million: Andreessen Horowitz led the investment round for Hebbia, which closed on July 8. The company, which uses generative artificial intelligence for broad document searches, has also raised funding from Peter Thiel, Index Ventures, and Google Ventures, reaching a $700 million valuation.
– Skild AI, $300M: Pittsburgh-based Skild AI announced a $300M Series A round on July 9, valuing the company at $1.5B. The round was led by Lightspeed Venture Partners, Coatue, and Jeff Bezos’ Bezos Expeditions with participation from Sequoia, Menlo Ventures, and General Catalyst. Skild AI focuses on technologies for robotics.
June
– Bright Machines, $106M: BlackRock led Bright Machines’ $106M Series C funding round, which closed on June 25th. Participants included Nvidia, Microsoft, and Eclipse Ventures. The startup, which develops intelligent robotics and AI-powered software, has raised more than $437 million in total.
– Etched.ai, $120M: San Francisco-based Etched.ai secured a $120M Series A round on June 25th. This round was led by Primary Venture Partners and Positive Sum, as well as Two Sigma Ventures’ Peter Thiel. , and Kyle Vogt among the investors. Etched.ai aims to produce chips that can run AI models faster and more cost-effectively than GPUs.
– EvolutionaryScale, $142 million: New York-based EvolutionaryScale develops biological AI models for therapeutic purposes. It raised a $142 million seed round that closed on June 25 led by Lux Capital, former GitHub CEO Nat Friedman, and angel investor Daniel Gross.
– AKASA, $120M: On June 18, AKASA, a San Francisco-based healthcare revenue cycle automation platform, announced a $120M funding round. With a total of $205 million, AKASA previously raised funds from Andreessen. Horowitz, Costanoa Ventures and Bond.
– AlphaSense, $650M: New York-based AlphaSense has raised a $650M Series F round announced on June 11th. Led by Viking Global Investors and BDT & MSD Partners, CapitalG, SoftBank Vision Fund, and Goldman Sachs also invested in this round. The market intelligence platform has raised more than $1.4 billion and is valued at $4 billion.
May
– xAI, $6B: On May 31st, Elon Musk’s xAI raised a staggering $6B Series B with investors including Sequoia, Valor Equity Partners, and Fidelity. The startup, which builds an AI platform to accelerate scientific discovery, is valued at an impressive $24 billion.
– Scale AI, $1 billion: San Francisco-based Scale AI, which provides data labeling services for training artificial intelligence models, raised $1 billion in a Series F round in May. The round led by Accel included contributions from Tiger Global, Spark Capital, and Amazon. In total, Scale AI has raised more than $1.6 billion, and the valuation is approaching $14 billion.
– Suno, $125 million: Artificial intelligence music creation platform Suno has raised $125 million in a Series B round that closed on May 21, valuing the Cambridge, Mass.-based startup at $500 million. Investors included Founder Collective, Lightspeed Venture Partners, and Matrix, as well as former GitHub CEO Nat Friedman and former head of artificial intelligence at Y Combinator Daniel Gross.
– Weka, $140 million: Silicon Valley-based artificial intelligence data platform Weka raised $140 million in a Series E round that closed on May 13. Led by Valor Equity Partners, the round also had investments. from Qualcomm Ventures, Nvidia, and Hitachi Ventures. The startup is valued at $1.6 billion.
– CoreWeave, $1.1B: New Jersey-based GPU infrastructure provider CoreWeave raised $1.1B in a Series C round that closed on May 1st. Coatue led the round with contributions from Fidelity, Altimeter Capital, and Magnetar Capital. Launched in 2017, CoreWeave is valued at $19 billion.
April
– Blaize, $106 million: AI computing platform Blaize raised $106 million in a Series D round announced on April 29. Founded in 2010, the company has raised $242 million in total thanks to investors including Temasek, Franklin Templeton, and Bess Ventures.
– Augment, $227 million: Augment, a Palo Alto-based company focused on artificial intelligence coding assistance, raised $227 million in a Series B round announced on April 24. Lightspeed Venture Partners, Index Ventures, and Sutter Hill Ventures participated, valuing the startup at just under $1 billion.
– Cognition, $175M: Applied AI lab startup Cognition, founded in November 2023, raised $175M in a round led by Founders Fund on April 24. That valuation came shortly after a $21 million Series A round in March. Now the company is valued at almost 2 billion dollars.
– Xaira Therapeutics, $1B: San Francisco-based AI-based drug development startup Xaira Therapeutics has raised a $1B Series A round. The round, announced on April 23, was led by Foresite Capital and ARCH Venture Partners, with participation from Sequoia, NEA, and Lux Capital, among others.
– Cyera, $300 million: AI-powered data security platform Cyera raised $300 million in a Series C round that closed on April 9, led by Coatu. The New York startup is now valued at $1.4 billion with additional contributions from Sequoia, Redpoint, and Accel.
March
– Celestial AI, $175 million: Founded in 2020, Celestial AI develops a technology platform for optical connectivity for data centers and artificial intelligence solutions. A $175 million Series C round was raised on March 27. Led by Thomas Tull’s US Fund for Innovative Technologies, M Ventures, Temasek and Tyche Partners invested in this round.
– FundGuard, $100 million: FundGuard, a New York-based AI-based investment accounting operating system, closed a $100 million Series C round on March 25. Key1 Capital led the round, with Hamilton Lane, Blumberg Capital, and Team8 among the investors.
– Together AI, $106M: Salesforce Ventures led Together AI’s $106M Series A round at a valuation of $1.2B. This platform supports the creation of infrastructure and open-source generative artificial intelligence for the development of artificial intelligence models with participation from NEA, Kleiner Perkins, and Lux Capital.
– Zephyr AI, $111 million: Fairfax Station, Virginia-based Zephyr AI raised $111 million in a Series A round that closed on March 13. Revolution Growth, Eli Lilly and Company Foundation, and EPIQ Capital Group participated alongside Jeff. Skoll. The startup, which focuses on drug development and precision medicine, has raised a total of $129.5 million.
February
– Glean, $203 million: Glean, an AI-powered enterprise search startup, raised $203 million in a round on February 27, valuing the company at $2.4 billion. The Series D round was led by Lightspeed Venture Partners and Kleiner Perkins, with participation from Sequoia, General Catalyst, and Databricks Ventures.
– Figure, $675 million: Silicon Valley-based robotics startup Figure raised $675 million in a Series B round that closed on February 24. Nvidia, OpenAI, and Microsoft contributed, valuing the startup at $2.7 billion.
– Abridge, $150 million: Pittsburgh-based Abridge, which uses artificial intelligence to decipher medical conversations, raised $150 million in a Series C round that closed on February 23rd. Led by Redpoint and Lightspeed Venture Partners, other participants included USV, IVP, and Spark Capital.
– Recogni, $102 million: The company, which develops high-performance but low-power artificial intelligence interface solutions, raised $102 million in a Series C round on February 20, led by GreatPoint Ventures and Celesta Capital.
– Lambda, $320 million: Lambda, a San Francisco-based deep learning infrastructure company, raised $320 million in a Series C round announced on February 15 led by the Thomas Tull US Fund for Innovative Technologies, with participation in Gradient Ventures, Mercato Partners. , and T. Rowe Price.
– Magic, $117 million: Artificial intelligence startup Magic raised $117 million in a Series B round that closed on February 12. NFDG Ventures led the round, which included CapitalG and angel investor Elad Gil.
January
– Kore.ai, $150 million: Building conversational artificial intelligence for enterprises, Kore.ai raised $150 million in a Series D round announced on January 30. Nvidia, Vistara Growth, and NextEquity Partners participated in the round led by FTV Capital. Founded in 2013, the Orlando, Florida-based company has raised more than $223 million.
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