The full list of 39 US AI startups that have raised $100M or more in 2024
- 12/10/2024 20:17 PM
AI Investments Keep Growing, with Record-Breaking Funding Deals
Even though some people are starting to feel overwhelmed by the rapid growth of artificial intelligence (AI), venture capital investors are still very excited about the field.
In the third quarter of 2024 alone, AI companies secured a total of $18.9 billion in funding, which is 28% of all the money invested in startups during that period. This makes AI the most popular category for investment.
A major highlight of this period was OpenAI’s historic $6.6 billion deal, the largest venture capital deal ever. OpenAI is one of six AI companies that have raised over $1 billion in 2024 so far.
Here are some of the most notable AI companies in the U.S. that raised $100 million or more in 2024:
Recent AI Funding Highlights
- EvenUp, an AI-powered legal technology company, raised $135 million in October. This deal valued the startup at $1 billion.
- KoBold Metals, a company using AI to find metals for electric vehicle batteries, raised $491.5 million in October.
- Poolside, an AI-powered software development platform, closed a $500 million Series B funding round, pushing its value to $3 billion.
OpenAI’s Record-Breaking Deal
On October 2, OpenAI raised a staggering $6.6 billion, the largest venture capital round in history. This round brought OpenAI’s total value to $157 billion. The deal was led by Thrive Capital and included investments from Tiger Global and SoftBank.
Other Big AI Deals in 2024
- Glean, an enterprise search company, raised $260 million in September, boosting its value by nearly 90%.
- Magic, an AI coding startup, raised $320 million in August, following a $117 million raise earlier this year.
- CoreWeave, a company providing AI-powered infrastructure, raised $1.1 billion in May, valuing it at $19 billion.
Conclusion
The world of AI continues to attract massive investments, with billions of dollars flowing into the sector. This trend is expected to continue as AI technology becomes even more integrated into everyday life and business operations.
