This week we continue our series on the top 5 VC-funded deals in AI.
AI venture funding posted another busy week ahead of the Thanksgiving holiday, led by one deal exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from Colorado-based Enveda, which raised $130 million in its Series C round to advance its drug pipeline and deliver clinical catalysts. The next biggest announcement also touched on the biotech space, where Dutch-headquartered Cradle brought in a $73M round to support its protein engineering platform. The top five also included companies in the AI development and wealthtech spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the risk management, voice AI and security 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. 21-Nov. 27
The AI industry continues to see robust investment activity as companies innovate across sectors like biotechnology, software development, and financial technology. Here are the top 5 venture capital deals in AI from recent funding rounds, highlighting companies pushing boundaries and transforming industries.
1. Enveda
- Location: Boulder, CO
- Description: Enveda is a biotechnology company using AI to discover and translate natural compounds into novel medicines, revolutionizing the drug discovery process.
- Funding Amount: $130M
- Funding Round: Series C
2. Cradle
- Location: Amsterdam, Netherlands
- Description: Cradle provides an AI-powered platform for protein engineering, enabling the design and optimization of proteins for applications in healthcare, agriculture, and industry.
- Funding Amount: $73M
- Funding Round: Series B
3. Lightning AI
- Location: New York City, NY
- Description: Lightning AI is the creator of the PyTorch Lightning framework, a leading tool that simplifies the development and scaling of artificial intelligence models.
- Funding Amount: $50M
- Funding Round: Venture funding
4. Wordware
- Location: San Francisco, CA
- Description: Wordware develops a full-stack operating system for AI development, offering tools to simplify and accelerate the creation and deployment of AI models.
- Funding Amount: $30M
- Funding Round: Seed funding
5. Range
- Location: McLean, VA
- Description: Range provides an AI-driven WealthTech platform that empowers financial advisors with data-driven insights and tools to optimize wealth management strategies.
- Funding Amount: $28M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
