This week we continue our series on the top 5 VC-funded deals in AI.
While no deal exceeded the $100M threshold, this past week was an active one for venture funding in AI.
This week’s top reported deal, per FinSMEs, came in from the GPU cloud space, where GMI Cloud raised $85 million to support its AI-supporting computing solutions. The next biggest announcement was in the biotech space, where Pathos AI brought in a $62M Series C round. The top five also included companies in the cybersecurity and enterprise AI spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the medtech, property and casualty insurance, invest-tech and fintech sectors.
Below, we highlight the top five venture capital deals, ranked from the highest to the lowest funding amounts, showcasing the companies at the forefront of the AI revolution….
Top 5 Venture Capital Deals from Oct. 24-Oct. 30
1. GMI Cloud
- Location: Santa Clara, CA
- Description: GMI Cloud provides an AI-native GPU cloud platform, offering high-performance computing solutions to support intensive AI applications and scale AI-driven enterprises.
- Funding Amount: $82M
- Funding Round: Series A
2. Pathos AI
- Location: Chicago, IL
- Description: Pathos AI is a clinical-stage biotechnology company re-engineering drug development using artificial intelligence to streamline research and improve the efficacy of new treatments.
- Funding Amount: $62M
- Funding Round: Series C
3. Sana
- Location: Stockholm, Sweden
- Description: Sana applies AI to enterprise knowledge management, helping companies harness and organize vast amounts of information to drive productivity and informed decision-making.
- Funding Amount: $55M
- Funding Round: Venture capital
4. Concentric AI
- Location: San Mateo, CA
- Description: Concentric AI offers intelligent, AI-based solutions for autonomous data security posture management (DSPM), helping businesses safeguard data and automate security protocols.
- Funding Amount: $45M
- Funding Round: Series B
5. Zenity
- Location: Tel Aviv-Yafo, Israel
- Description: Zenity specializes in securing agentic AI, providing solutions that protect AI-powered systems from potential security risks and ensure robust AI operation.
- Funding Amount: $38M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
