28 in total! Taking stock of AI companies that raised $100 million or more in the first half of 2024

Recent data from Crunchbase shows that more than $35.5 billion flowed into AI startups globally in the first half of 2024 alone. Of the six venture capital rounds of more than $1 billion raised in the first half of 2024, five of them were raised by AI companies, and other AI startups raised huge sums of money in excess of $100 million.

Of these, U.S. startups raised two $1 billion rounds in the first half of the year, totaling nearly two-thirds ($64%) of the huge funding raised.

Here are the AI companies that have raised $100 million and more so far in 2024:

July 2024

Hebbia, $130 million:Anderson Horowitz led Hebbia's $130 million funding round that closed on July 8th. The startup, which uses GAI to search large documents, also raised money from Peter Thiel, Index Ventures and Google Ventures, garnering a valuation of $700 million.

Skild AI, $300 million:Skild AI announced on July 9 that it had closed a $300 million Series A funding round, valuing the company at $1.5 billion. The round was led by Lightspeed Venture Partners), Coatue and Bezos' Bezos Expeditions), with participation from Sequoia Capital, Menlo Ventures and General Catalyst, among others.Skild AI is focused on developing robotic technologies.

June 2024

Bright Machines, $106 million:BlackRock led Bright Machines' $106 million Series C funding round, which closed on June 25. Nvidia, Microsoft, and Eclipse Ventures, among others, also participated in the round. The startup, which makes intelligent robots and AI-powered software, has raised more than $437 million in total.

Etched.ai, $120 million:San Francisco-based Etched.ai closed a $120 million Series A funding round on June 25th. The round was led by Primary Venture Partners and Positive Sum, with participation from Two Sigma Ventures, Peter Thiel and Kyle Vogt, among others.Etched.ai is working on chips that can run AI models faster and cheaper than GPUs.

EvolutionaryScale, $142 million:New York-based EvolutionaryScale is developing bioartificial intelligence models for therapeutic design. The company closed a $142 million seed round on June 25th. The round was led by Lux Capital, former GitHub CEO Nat Friedman and angel investor and former Y Combinator AI head Daniel Gross.

AKASA, $120 million:AKASA, a healthcare revenue cycle automation platform, announced on June 18 that it had closed a $120 million round of funding, giving the San Francisco-based startup a total of $205 million in funding, having previously raised money from Andreessen Horowitz, Costanoa Ventures and Bond.

AlphaSense, $650 million:New York-based AlphaSense announced on June 11 that it had closed a $650 million Series F funding round. The round was led by Viking Global Investors and BDT & MSD Partners, with participation from CapitalG, SoftBank Vision Fund, and Goldman Sachs, among others.AlphaSense, a market intelligence platform company, was founded in 2008 and has raised a total of more than 1.4 billion in venture funding and was recently valued at $4 billion.

May 2024

xAI, $6 billion:Elon Musk's xAI raised an eye-popping $6 billion in Series B funding on May 31 from investors including Sequoia, Valor Equity Partners and Fidelity. The startup, which is building an AI platform to "accelerate human scientific discovery," is valued at an equally staggering $24 billion.

Scale AI, $1 billion:Scale AI, a startup that provides data labeling services to train artificial intelligence models, raised $1 billion in May. The Series F round was led by Accel, with participation from Tiger Global, Spark Capital and Amazon, among others. In total, San Francisco-based Scale AI has raised more than $1.6 billion and is currently valued at nearly $14 billion.

Suno, $125 million:AI music compositionPlatform Suno closed a $125 million Series B funding round on May 21st. The round valued the Cambridge, Massachusetts-based startup at $500 million.Founder Collective, Lightspeed Venture Partners, and Matrix participated in the round, as did former GitHub CEO Nat Friedman and former Y Combinator AI head Daniel Gross also participated.

Weka, $140 million:Silicon Valley-based Weka has created an AI-native data platform and closed a $140 million Series E funding round on May 13th. The round was led by Valor Equity Partners, with participation from Qualcomm Ventures, Nvidia and Hitachi Ventures. The startup is valued at $1.6 billion.

CoreWeave, $1.1 billion:New Jersey-based GPU infrastructure provider CoreWeave closed a $1.1 billion Series C funding round on May 1st. The round was led by Coatue, with participation from Fidelity, Altimeter Capital and Magnetar Capital, among others.CoreWeave was founded in 2017 at a valuation of $19 billion.

April 2024

Blaize, $106 million:Blaize, an AI computing platform company, announced on April 29 that it closed a $106 million Series D funding round. The round included participation from investors such as Temasek, Franklin Templeton and Bess Ventures. The company was founded in 2010 and has raised a total of $242 million.

Augment, $227 million:Palo Alto-based Augment has raised $227 million for its AI coding assistant startup. The startup's Series B funding round was announced on April 24.Lightspeed Venture Partners, Index Ventures and Sutter Hill Ventures participated in the round, valuing the startup at nearly $1 billion.

Cognition, $175 million:Founders Fund led a $175 million funding round for applied AI lab startup Cognition, which closed on April 24th. The round comes shortly after the company raised a $21 million Series A in March from Founders Fund and a host of investors including Ramp co-founder Eric Glyman, Stripe co-founders Patrick and John Collison, and DoorDash co-founder Tony Xu. The company was founded in November 2023 and is valued at nearly $2 billion.

Xaira Therapeutics, $1 billion:San Francisco-based AI drug discovery startup Xaira Therapeutics closed a $1 billion Series A funding round on April 23rd. The round was led by Foresite Capital and ARCH Venture Partners, with participation from Sequoia, NEA and Lux Capital, among others.

Cyera, $300 million:Coatue led the recently closed $300 million Series C funding round for AI-powered data security platform Cyera, which closed on April 9th. The round valued the New York-based startup at $1.4 billion.Sequoia, Redpoint and Accel, among others, also participated in the round.

March 2024

Celestial AI, $175 million:Founded in 2020, Celestial AI is building an optical interconnect technology platform for data centers and AI solutions, and closed a $175 million Series C funding round on March 27, bringing its total funds raised to $338 million. The round was led by Thomas Tull's US Innovative Technology Fund, with participation from M Ventures, Temasek and Tyche Partners.

FundGuard, $100 million:FundGuard, a New York-based startup offering an AI-powered investment accounting operating system, raised $100 million at a valuation of $400 million. The Series C round, which closed on March 25, was led by Key1 Capital, with participation from Hamilton Lane, Blumberg Capital and Team8, among others.

Together AI, $106 million:Salesforce Ventures led a $106 million Series A round of financing for Together AI, bringing the company's valuation to $1.2 billion.Together AI is a platform designed to help create infrastructure and open source generative AI for the development of AI models.NEA, Kleiner Perkins, and Lux Capital, among others, also participated in the round. The funding round was announced on March 13th.

Zephyr AI, $111 million:Fairfax Station, Virginia-based Zephyr AI closed a $111 million Series A funding round on March 13th.Revolution Growth, Eli Lilly and Company Foundation, EPIQ Capital Group and investor Jeff Skoll all participated in the round. The startup, founded in 2020, uses AI to enhance drug discovery and precision medicine. It has raised a total of $129.5 million to date.

February 2024

Glean, $203 million:AI-powered enterprise search startup Glean closed a $203 million Series D funding round on Feb. 27, bringing the company's valuation to $2.4 billion. The round was led by Lightspeed Venture Partners and Kleiner Perkins, with participation from Sequoia, General Catalyst, and Databricks Ventures, among others, and the company raised more than $350 million in total venture funding.

Figure, $675 million:Silicon Valley-based AI robotics startup Figure closed a $675 million Series B funding round on Feb. 24, valuing the company at nearly $2.7 billion.Nvidia, OpenAI and Microsoft, among others, also participated in the round. The startup, founded in 2022, has raised more than $850 million in total.

Abridge, $150 million:Pittsburgh-based Abridge, which uses AI to transcribe medical conversations, closed a $150 million Series C funding round on February 23rd. The round was led by Redpoint and Lightspeed Venture Partners, with participation from USV, IVP and Spark Capital. The round brings the six-year-old company's valuation to $850 million.

Recogni, $102 million:The company designs high-output but low-power AI interface solutions and closed a $102 million Series C funding round on February 20th. The round was led by GreatPoint Ventures and Celesta Capital, with participation from Pledge Ventures, Mayfield and DNS Capital.

Lambda, $320 million:Lambda, a San Francisco-based deep learning infrastructure company, announced on February 15 that it had closed a $320 million Series C funding round. The round was led by Thomas Tull's US Innovative Technology Fund, with participation from Gradient Ventures, Mercato Partners and T. Rowe Price, among others.In total, Lambda has raised more than $900 million in venture capital and was recently valued at $1.5 billion.

Magic $117 million:AI coding startup Magic closed a $117 million Series B funding round on February 12th. The round was led by NFDG Ventures, with participation from CapitalG and angel investor Elad Gil, among others, and raised more than $145 million in total.

January 2024

Kore.ai, $150 million:Kore.ai, a startup that builds conversational AI for businesses, announced on Jan. 30 that it had closed a $150 million Series D funding round. The round was led by FTV Capital, with participation from Nvidia, Vistara Growth, and NextEquity Partners, among others.Kore.ai was founded in 2013 and has raised more than $223 million in total.