28 U.S. AI Startups Raise $100M+ in 2024

In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally, with recent Crunchbase data finding that five of the six venture rounds of over $1 billion were raised by AI companies

Numerous additional A.I. firms were capable of raising mega-rounds exceeding $100 million. In the first half of this year, U.S. startups raised two billion-dollar rounds and nearly two-thirds, or 64%, of the mega-rounds.

The following are the A.I. companies based in the United States that have raised $100 million or more thus far in 2024:

July Hebbia, $130 million: Andreessen Horowitz led the round for Hebbia, which closed on July 8. The startup, which employs generative A.I. to search large documents, also secured funding from Index Ventures, Google Ventures, and Peter Thiel, resulting in a $700 million valuation.

Skild AI, $300 million: On July 9, Pittsburgh-based Skild AI disclosed a $300 million Series A round that valued the company at $1.5 billion. Lightspeed Venture Partners, Coatue, and Jeff Bezos’ Bezos Expeditions lead the round, with Sequoia, Menlo Ventures, and General Catalyst, among others, participating. Skild AI develops the tech that powers robotics.

June

Bright Machines, $106 million: On June 25, BlackRock led a $106 million Series C round of funding for Bright Machines. Other participants included Microsoft, Nvidia, and Eclipse Ventures. The startup has secured over $437 million in funding and produces AI-driven software and clever robotics.

Etched.ai, a San Francisco-based company, has raised $120 million. Etched.ai raised a $120 million Series A round on June 25. Two Sigma Ventures, Peter Thiel and Kyle Vogt, among others, participated in the round, which Primary Venture Partners and Positive Sum led. Etched.ai is developing chips capable of running A.I. models faster and at a lower cost than GPUs.

EvolutionaryScale, a New York-based company, is developing biological A.I. models for therapeutic design, with a valuation of $142 million. It concluded a $142 million seed round on June 25. Lux Capital, former GitHub CEO Nat Friedman, and Daniel Gross, an angel investor and former director of A.I. at Y Combinator, led the round. In 2023, the organization was established.

Akasa, a healthcare revenue cycle automation platform, disclosed a $120 million funding round on June 18. In previous rounds, the San Francisco-based startup has accumulated $205 million in total funding and received investment from investors such as Andreessen Horowitz, Costanoa Ventures, and Bond.

AlphaSense, $650 million: On June 11, AlphaSense, a New York-based company, disclosed that it had raised $650 million in a Series F round. CapitalG, SoftBank Vision Fund, and Goldman Sachs were among the investors who participated in the round, which Viking Global Investors and BDT & MSD Partners led.

AlphaSense was established in 2008 as a market intelligence platform. The company was most recently valued at $4 billion and has raised over $1.4 billion in venture funding.

xAI, $6 billion: On May 31, Sequoia, Valor Equity Partners, and Fidelity, among others, contributed to Elon Musk’s xAI’s astonishing $6 billion Series B round. The startup, valued at an equally stunning $24 billion, is developing an A.I. platform to “accelerate human scientific discovery.”

In May, Scale A.I., a startup that offers data-labeling services to companies to train A.I. models, raised $1 billion. Accel led the Series F round, attended by Tiger Global, Spark Capital, and Amazon, among others. Scale A.I., headquartered in San Francisco, has raised over $1.6 billion and is valued at nearly $14 billion.

Suno, $125 million: On May 21, the AI-music creation platform Suno concluded a Series B round, which raised $125 million. The Cambridge, Massachusetts-based startup is valued at $500 million in the current round. In addition to former GitHub CEO Nat Friedman and former director of A.I. at Y Combinator Daniel Gross, the round was also attended by Founder Collective, Lightspeed Venture Partners, and Matrix.

Weka, a Silicon Valley-based company, has raised $140 million. Weka developed an AI-native data platform and secured $140 million in a Series E round that concluded on May 13. Qualcomm Ventures, Nvidia, and Hitachi Ventures participated in the funding, which Valor Equity Partners led. $1.6 billion was the startup’s valuation.

CoreWeave, a GPU infrastructure provider based in New Jersey, raised $1.1 billion in a Series C round that concluded on May 1. The round was led by Coatue, with the participation of Magnetar Capital, Altimeter Capital, and Fidelity, among others. CoreWeave was established in 2017 and is currently valued at $19 billion.

April

Blaize has raised $106 million in a Series D round disclosed on April 29. Blaize is an A.I. computing platform. Investors who participated in the round included Franklin Templeton, Temasek, and Bess Ventures. The company was established in 2010 and has raised $242 million.

Augment, a Palo Alto-based startup that provides A.I. coding assistance has raised $227 million. The Series B round of funding for the startup was disclosed on April 24. The startup was valued at just under $1 billion in the round, and Index Ventures, Sutter Hill Ventures, and Lightspeed Venture Partners participated in it.

Cognition, $175 million: The $175 million round of funding for the applied A.I. lab startup Cognition was headed by the Founders Fund and concluded on April 24. In March, the company raised $21 million in a Series A round from Founders Fund and several other investors, including Ramp co-founder Eric Glyman, Stripe co-founders Patrick and John Collison, and DoorDash co-founder Tony Xu.

This round was completed just about a month later. The organization was established in November 2023 and is valued at nearly $2 billion.

Xaira Therapeutics, a San Francisco-based AI drug discovery startup, has raised a $1 billion Series A round. Foresite Capital and ARCH Venture Partners led the round, which was announced on April 23. Sequoia, Lux Capital, and NEA were among the numerous participants in the round.

Cyera, $300 million: Coatue led the recent $300 million Series C round into the AI-powered data security platform Cyera, which closed on April 9. The venture, headquartered in New York, was valued at $1.4 billion during the round. Sequoia, Redpoint, and Accel were among the companies that participated in the round.

March

Celestial A.I., established in 2020, raised a $175 million Series C round on March 27. The company is developing an optical interconnect technology platform for data centers and A.I. solutions, bringing its total funding to $338 million. M Ventures, Temasek, and Tyche Partners, among others, participated in the round, anchored by Thomas Tull’s U.S. Innovative Technology Fund.

FundGuard, a New York-based startup that provides an AI-powered investment accounting operating system, has raised $100 million at a $400 million valuation. The Series C round concluded on March 25 and was led by Key1 Capital, with Hamilton Lane, Blumberg Capital, and Team8 participating.

Salesforce Ventures led Together A.I.’s $106 million Series A round, valued at $1.2 billion. Together, AI is a platform intended to assist in developing AI models by facilitating the creation of infrastructure and open-source generative AI. NEA, Kleiner Perkins, and Lux Capital were among the other participants in the round. On March 13, the round was disclosed.

Zephyr A.I., $111 million: Zephyr A.I., headquartered in Fairfax Station, Virginia, completed a $111 million Series A round on March 13. Revolution Growth, Eli Lilly and Company Foundation, EPIQ Capital Group, and investor Jeff Skoll were all involved in the round. A.I.The 2020-established venture employs AI to improve precision medicine and drug discovery. It has amassed a total of $129.5 million thus far.

February

Glean, an AI-driven enterprise search startup, raised $203 million in a February 27 round, valued at $2.4 billion. Sequoia, General Catalyst, and Databricks Ventures, among others, participated in the Series D round, which Lightspeed Venture Partners and Kleiner Perkins led. Arvind Jain, the founder of the Silicon Valley-based startup, was recently interviewed on TechCrunch’s Found podcast. The company has raised over $350 million in venture funding.

Silicon Valley-based AI robotics startup Figure has raised $675 million in a Series B round completed on February 24. The startup was valued at roughly $2.7 billion during the round. Microsoft, Nvidia, and OpenAI were among the companies that participated in the round. The venture was established in 2022 and has raised over $850 million.

Abridge, $150 million: Abridge, a Pittsburgh-based company that employs artificial intelligence (A.I.) to transcribe medical conversations, closed a $150 million Series C round on February 23. Redpoint and Lightspeed Venture Partners, with USV, IVP, and Spark Capital participation led the round. The valuation of the six-year-old company has been increased to $850 million as a result of this round.

Recogni, $102 million: On February 20, the company raised a $102 million Series C round. Recogni creates A.I. interface solutions that are both high-output and low-power. Celesta Capital and GreatPoint Ventures were the primary investors in the round. Mayfield, DNS Capital, and Pledge Ventures also supported the round.

Lambda, $320 million: On February 15, Lambda, a deep learning infrastructure company headquartered in San Francisco, disclosed that it had secured $320 million in a Series C round. Gradient Ventures, Mercato Partners, and T. Rowe Price, among others, participated in the round led by Thomas Tull’s U.S. Innovative Technology Fund. Lambda has raised over $900 million in venture capital and was most recently valued at $1.5 billion.

Magic, an A.I. coding startup, completed a $117 million Series B round on February 12. CapitalG and angel investor Elad Gil participated in the round, which NFDG Ventures led. The San Francisco-based organization raised over $145 million in total capital.

January

Kore.ai, a startup specializing in developing conversational A.I. for enterprises, has raised a $150 million Series D round, which was disclosed on January 30. The Orlando-based company, which FTV Capital led, was the subject of the round.

Among others, Vistara Growth, NextEquity Partners, and Nvidia also participated. Kore.ai was established in 2013 and has secured over $223 million in funding.