AI-Related Startups In US That Have Raised More Than $100 Million In 2024

The concept of AI-related startups seems interesting right? Well, there are at least 28 startups in the US that have raised more than $100 million in 2024.

Today, everyone wants a piece of AI and apparently, has a sales pitch ready to sell AI. This is called AI fatigue, an overload of sales pitches, presentations, and the like focused on AI. And it is real. At least for company owners.

Investors, on the other hand, are a different story. Funding for AI-related startups have only gone up since the beginning of this year. During these six months, more than $35.5 billion were invested in such startups. Furthermore, five out of the six venture rounds of more than $1 billion were raised by these companies. Even those who failed to achieve this benchmark went home with an excess of $100 million of investment. U.S. startups alone raised nearly 64% of the mega-rounds and two of the billion-dollar rounds.

Given the heat AI startups are gathering, we have compiled a list of all the US AI-related startups that have raised more than $100 million since the beginning of the year.

AI-Related Startups In US That Have Raised More Than $100 Million In 2024

AI-related startups in July 2024

Hebbia ($130 million): Andreessen Horowitz was in charge of the last round for Hebbia, which closed on July 8. Hebbia is a startup that uses generative AI to search large documents. Among the high names in its investor portfolio are Peter Thiel, Index Ventures, and Google Ventures. The startup reached a $700 million valuation.

Skild AI ($300 million): On July 9, Skild AI announced a $300 million Series A round, valuing the Pittsburgh-based company at $1.5 billion. Big names like Lightspeed Venture Partners, Coatue, and Jeff Bezos’ Bezos Expeditions lead the investment. Sequoia, Menlo Ventures, and General Catalyst also participated. Skild AI develops technology to power robots.

AI-related startups in June 2024

Bright Machines ($106 million): BlackRock spearheaded a $106 million Series C round on June 25 for Bright Machines. The startup makes smart robotics and AI-driven software. Participation from Nvidia, Microsoft, and Eclipse Ventures, among others, was seen.

Etched.ai ($120 million): Etched.ai raised a $120 million Series A round on June 25, led by Primary Venture Partners and Positive Sum. The San Francisco-based company works on chips designed to run AI models faster and cheaper than GPUs.

EvolutionaryScale ($142 million): EvolutionaryScale secured a $142 million seed round on June 25, focusing on developing biological AI models for therapeutic design. Lux Capital, former GitHub CEO Nat Friedman, and Daniel Gross lead the round for this New York-based startup founded in 2023.

AKASA ($120 million): AKASA, a healthcare revenue cycle automation platform, announces a $120 million round on June 18. With previous investments from Andreessen Horowitz, Costanoa Ventures, and Bond, the San Francisco-based startup has raised $205 million in total funding.

AlphaSense ($650 million): AlphaSense raises a $650 million Series F round on June 11, led by Viking Global Investors and BDT & MSD Partners. The New York-based market intelligence platform, founded in 2008, now boasts over $1.4 billion in venture funding and a valuation of $4 billion.

AI-related startups in May 2024

xAI ($6 billion): Elon Musk’s xAI raised a staggering $6 billion Series B round on May 31. A variety of investors participated, with names like Sequoia, Valor Equity Partners, and Fidelity popping up. The startup is meant to accelerate human scientific discovery. Currently, it is valued at an impressive $24 billion.

Scale AI ($1 billion): San Francisco-based Scale AI raised $1 billion in May. The Series F round, led by Accel, saw participation from Tiger Global, Spark Capital, and Amazon. Scale AI is a data-labeling service provider for AI model training. It is valued at nearly $14 billion.

Suno ($125 million): Suno, an AI-music creation platform, secured $125 million in a Series B round closing on May 21. The Massachusetts-based startup is valued at $500 million. Investments pour in from Founder Collective, Lightspeed Venture Partners, and Matrix, among others.

Weka ($140 million): Weka is based in Silicon Valley and has raised $140 million in a Series E round on May 13. Valor Equity Partners led the funding. However, contributions from Qualcomm Ventures, Nvidia, and Hitachi Ventures were also made. The AI-native data platform startup is valued at $1.6 billion.

CoreWeave ($1.1 billion): New Jersey-based CoreWeave raised $1.1 billion in a Series C round on May 1. The GPU infrastructure provider secured investments from Coatue, Fidelity, Altimeter Capital, and Magnetar Capital. The value of the company is currently at $19 billion.

AI-related startups in April 2024

Blaize ($106 million): Blaize raised $106 million in a Series D round announced on April 29. The AI computing platform company saw participation from Temasek, Franklin Templeton, and Bess Ventures, among others.

Augment ($227 million): Augment is a Palo Alto-based AI coding assistance startup. It secured $227 million in a Series B round announced on April 24. Lightspeed Venture Partners, Index Ventures, and Sutter Hill Ventures were the prime investors.

Cognition ($175 million): Applied AI lab startup Cognition raised $175 million on April 24, led by Founders Fund. This follows a $21 million Series A round in March. Investments poured in from various high-profile tech leaders.

Xaira Therapeutics ($1 billion): San Francisco-based Xaira Therapeutics raised $1 billion in a Series A round announced on April 23. Foresite Capital and ARCH Venture Partners led the funding for this AI drug discovery startup.

Cyera ($300 million): Cyera, an AI-powered data security platform, raised $300 million in a Series C round on April 9. Coatue leads the investment, with Sequoia, Redpoint, and Accel participating. The startup is New York-based and is valued at $1.4 billion.

AI-related startups in March 2024

Celestial AI ($175 million): Celestial AI secured a $175 million Series C round on March 27. The startup focuses on optical interconnect technology for data centers and AI solutions. It is led by Thomas Tull’s US Innovative Technology Fund.

FundGuard ($100 million): FundGuard raised $100 million on March 25. The AI-powered investment accounting operating system company is based in New York. It is valued at $400 million with investments from Key1 Capital and others.

Together AI ($106 million): Together AI raised $106 million in a Series A round announced on March 13, led by Salesforce Ventures. The platform creates infrastructure and open-source generative AI.

Zephyr AI ($111 million): Zephyr AI secured $111 million in a Series A round on March 13. Revolution Growth and Eli Lilly and Company Foundation lead the investment for this Virginia-based drug discovery and precision medicine startup.

AI-related startups in February 2024

Glean ($203 million): Glean, an AI-driven enterprise search startup, raised $203 million on February 27. The Series D round was led by Lightspeed Venture Partners and Kleiner Perkins. They value the Silicon Valley-based startup at $2.4 billion.

Figure ($675 million): Figure raised $675 million in a Series B round on February 24. The AI robotics startup, based in Silicon Valley, secures investments from Nvidia, OpenAI, and Microsoft, reaching a valuation of nearly $2.7 billion.

Abridge ($150 million): Abridge, which uses AI to transcribe medical conversations, raised $150 million in a Series C round on February 23. Redpoint and Lightspeed Venture Partners led the investment for this Pittsburgh-based startup.

Recogni ($102 million): Recogni raised $102 million on February 20 in a Series C round led by GreatPoint Ventures and Celesta Capital. The company designs high-output, low-power AI interface solutions.

Lambda ($320 million): Lambda secures $320 million in a Series C round announced on February 15. The deep learning infrastructure company, based in San Francisco, is backed by Thomas Tull’s US Innovative Technology Fund and others.

Magic ($117 million): Magic, an AI coding startup, raises $117 million in a Series B round closing on February 12. NFDG Ventures leads the round, with participation from CapitalG and angel investor Elad Gil.

AI-related startups in January 2024

Kore.ai ($150 million): Kore.ai raises $150 million in a Series D round announced on January 30. The Orlando, Florida-based conversational AI startup sees investments from FTV Capital, Nvidia, and others.