Summary:
49 startups raised over $100 million in 2024, setting a strong precedent for 2025.
OpenAI raised a record $40 billion, valuing it at $300 billion.
SandboxAQ and Runway lead the charge in April with $450 million and $308 million respectively.
Anthropic secured a whopping $3.5 billion, achieving a valuation of $61.5 billion.
Funding momentum continues with $100 million+ rounds across various sectors.
Last year was monumental for the AI industry in the U.S. and beyond, with 49 startups raising funding rounds worth $100 million or more in 2024. Companies like OpenAI and Nexthop AI have already set the stage for 2025, continuing the momentum with impressive funding rounds.
April
- SandboxAQ closed a $450 million Series E round valued at $5.7 billion, attracting investors like Nvidia and Google.
- Runway, known for its AI media production models, raised $308 million in a Series D round, pushing its valuation to $3 billion.
March
- OpenAI raised a staggering $40 billion, valuing the company at $300 billion—the round was led by SoftBank.
- Nexthop AI secured $110 million in a Series A round, with backing from Lightspeed Venture Partners.
- Insilico Medicine raised $110 million for its AI-driven drug discovery platform, reaching a valuation of $1 billion.
- Celestial AI raised $250 million, valued at $2.5 billion, to innovate AI infrastructure.
- Reflection.Ai raised $130 million for its superintelligent systems, now valued at $580 million.
- Turing closed a $111 million Series E round, pushing its valuation to $2.2 billion.
- Shield AI raised $240 million, valued at $5.3 billion, focusing on AI defense tech.
- Anthropic raised $3.5 billion, reaching a valuation of $61.5 billion.
February
- Together AI raised $305 million, reaching a valuation of $3.3 billion.
- Lambda raised $480 million, valuing the startup at nearly $2.5 billion.
- Abridge secured $250 million for its patient-clinician transcription platform, valued at $2.75 billion.
- Eudia raised $105 million in a Series A round for its AI legal tech innovation.
- EnCharge AI raised $100 million to accelerate AI using analog chips.
- Harvey raised $300 million, valuing the company at $3 billion.
January
- ElevenLabs raised $180 million, reaching a valuation of $3.3 billion.
- Hippocratic AI raised $141 million, valuing the company at over $1.6 billion.
This piece was updated on April 23 to include more deals.
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