This week we continue our series on the top 5 VC-funded deals in AI.
This was a very busy week around the world in AI venture funding, with two deals exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from London-based Tessl, which raised $125 million in an undisclosed round to build out and go live with its AI-enabled software development platform. The next biggest announcement was in the superconductor space, where Enfabrica brought in a $115M round to build the chips that will power next-generation artificial intelligence. The top five also included companies in the data management and insuretech spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the consumer health, security and customer experience 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 Nov. 14-Nov. 20
1. Tessl
- Location: London, UK
- Description: Tessl is an AI-native software development company enabling businesses to build and deploy scalable, intelligent solutions with AI at their core.
- Funding Amount: $125M
- Funding Round: Venture funding
2. Enfabrica Corporation
- Location: Mountain View, CA
- Description: Enfabrica specializes in high-performance networking silicon designed for AI and accelerated computing, providing cutting-edge solutions for processing speed and efficiency.
- Funding Amount: $115M
- Funding Round: Series C
3. ChapsVision
- Location: Suresnes, France
- Description: ChapsVision is a data processing company leveraging AI to enrich enterprise data for enhanced decision-making and operational insights.
- Funding Amount: $90M
- Funding Round: Venture funding
4. Federato
- Location: San Francisco, CA
- Description: Federato provides an AI-native underwriting platform for the insurance industry, helping insurers optimize risk assessment and improve efficiency.
- Funding Amount: $40M
- Funding Round: Series C
5. SuperAnnotate
- Location: San Francisco, CA
- Description: SuperAnnotate offers enterprise software for managing and creating large-scale multimodal AI datasets, supporting businesses in building robust AI models.
- Funding Amount: $36M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
