Top 17 AI Funding Deals of Last Week

Last week saw significant investments in AI startups, highlighting the growing importance and transformative potential of artificial intelligence technologies across various industries.

The AI landscape continues to thrive with substantial investments pouring in from various sectors, highlighting the growing importance and potential of artificial intelligence technologies. Last week saw several high-profile funding rounds for AI startups across different industries, from cloud development and internet safety for children to smart financial management and predictive maintenance. These investments underscore the diverse applications of AI and the increasing confidence investors have in the transformative power of these technologies. Here’s a roundup of the top AI deals that were announced last week, showcasing the innovative companies and significant funding they have secured to drive their growth and development.

Vercel – Front-End Cloud Development Platform

Vercel, based in San Francisco, CA, secured $250 million in a Series E funding round, reaching a valuation of $3.25 billion. This round was led by Accel and saw participation from notable investors including CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel. Vercel’s total funding to date now stands at $560 million. This significant investment reflects strong investor confidence in Vercel’s potential to innovate and lead in the front-end cloud development space.

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Angel AI – Age-Appropriate Internet Experience for Children

Angel AI, a Nashville, TN-based company, raised $4.75 million in a Seed funding round led by Cortical Ventures. The platform, designed by parents to provide a safe and age-appropriate internet experience for children aged 5 to 12, also attracted investments from Village Global and various individual investors. The funds will be used to enhance the platform’s capabilities and expand its reach, ensuring a safer online environment for young users.

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Kudos – AI-Powered Smart Wallet Service

Kudos, a Los Angeles, CA-based provider of an AI-powered smart wallet service, raised $10.2 million in a Series A funding round led by QED Investors. The round also saw participation from Patron, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund. Kudos aims to optimize consumer rewards and benefits on individual purchases. With this latest funding, the company’s total raised to date is $17.2 million, highlighting its innovative approach to personal finance management.

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AssetWatch – Asset Monitoring and Predictive Maintenance

AssetWatch, headquartered in Westerville, OH, secured $38 million in a Series B funding round led by Wellington Management. The round included contributions from G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and the JobsOhio Growth Capital Fund. This funding will be instrumental in advancing AssetWatch’s technology for asset monitoring and predictive maintenance, as well as expanding its market reach.

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Voxel51 – Visual AI Startup

Voxel51, an Ann Arbor, MI-based visual AI startup, raised $30 million in a Series B funding round led by Bessemer Venture Partners. Other participants included Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures. Voxel51 focuses on developing advanced visual AI solutions, and the new funding will accelerate its product development and market expansion efforts.

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Recall.ai – Virtual Meeting Data Platform

Recall.ai, a San Francisco, CA-based virtual meeting data platform, raised $10 million in a Series A funding round led by Ridge Ventures. The round saw participation from Industry Ventures, YC, Irene, Bungalow Capital, and Hack VC. The funds will be used to further develop Recall.ai’s platform, which aims to optimize virtual meeting experiences by providing valuable data insights.

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SmarterDx – Revenue Cycle Management Company

SmarterDx, a New York, NY-based revenue cycle management company, raised $50 million in a Series B funding round led by Transformation Capital. Additional investors included Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund. The total amount raised to date is now $71 million. The funding will help SmarterDx enhance its AI-driven solutions for the healthcare industry.

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Polymarket – Prediction Market Platform

Polymarket, a New York, NY-based prediction market platform, raised $45 million in a Series B funding round led by Founders Fund. Other participants included 1Confirmation and ParaFi. Additionally, Polymarket disclosed a prior $25 million Series A funding round led by General Catalyst. This funding will support the platform’s growth and development in the prediction market space.

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Brixton Biosciences – Clinical-Stage Life Sciences Company

Brixton Biosciences, based in Cambridge, MA, raised $33 million in a Series B funding round led by Schooner Capital. The round saw participation from SV Health Investors, Sparta Group, Excelestar Ventures, PV Capital Management, and Catalyst Health Ventures. Brixton Biosciences focuses on developing therapies for chronic and acute pain, and the new funding will accelerate its clinical development programs.

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Atlan – Metadata Platform and AI Governance Startup

Atlan, a San Francisco, CA-based metadata platform and AI governance startup, raised $105 million at a $750 million valuation in a Series C funding round led by GIC. Other investors included Meritech Capital, Salesforce Ventures, and Peak XV. This investment will help Atlan expand its AI-driven metadata management solutions and enhance its market presence.

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Gamma – New Medium for Presenting Ideas

Gamma, a San Francisco, CA-based startup offering a new medium for presenting ideas, raised $12 million in a Series A funding round led by Accel. Other investors included Script Capital, South Park Commons, and various individual investors. This funding will support Gamma’s development of innovative AI-driven presentation tools.

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Nabla Bio – Generative Protein Design

Nabla Bio, a Cambridge, MA-based startup developing AI and wet-lab technologies for generative protein design, raised $26 million in a Series A funding round led by Radical Ventures. Existing investors also participated, supporting Nabla Bio’s efforts to advance its AI-driven protein design capabilities.

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LanceDB – Database for Multimodal AI Applications

LanceDB, a San Francisco, CA-based database for multimodal AI applications, raised $8 million in a Seed funding round led by CRV. Additional participants included YC, Essence VC, and Swift Ventures. The funding will enhance LanceDB’s capabilities in managing AI-driven databases.

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ChainML – Web3 Platform for AI-Powered Content Creation

ChainML, a San Francisco, CA-based Web3 platform for AI-powered content creation, raised $6.2 million in a Seed extension funding round led by Hack VC. Other investors included Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures, and Alumni Ventures. The funding will support ChainML’s efforts to integrate AI into the Web3 ecosystem.

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Laws of Motion – AI-Powered Sizing Technology for E-Commerce

Laws of Motion, a New York, NY-based provider of AI-powered sizing technology for e-commerce brands and retailers, raised $5 million in a Seed funding round led by Corazon Capital. Other investors included The Scout Program, Leadout Capital, and various individual investors. This investment will help Laws of Motion enhance its AI-driven sizing solutions and expand its market reach.

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Layer – Embedded Accounting Startup

Layer, a San Francisco, CA-based embedded accounting startup, raised $2.3 million in a pre-Seed funding round led by Better Tomorrow Ventures. Various individual investors also participated. The funding will support Layer’s development of AI-driven accounting solutions.

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Highperformr – GenAI Startup Providing a Social AI Platform

Highperformr, a Wilmington, DE-based GenAI startup providing a Social AI platform, raised $3.5 million in a Seed funding round led by Venture Highway. Participants included Neon, DeVC, and various individual investors. The funding will help Highperformr develop and expand its AI-driven social platform.

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