This week we continue our series on the top 5 VC-funded deals in AI.
While one deal exceeded, by a large amount, the $100M threshold, this past week was a relatively sleepy one for venture funding in AI.
This week’s top reported deal, per FinSMEs, came in from the customer engagement space, where Insider raised $500 million to support its marketing platform and invest in research and development. The next biggest announcement was in the computer vision space, where Spot AI brought in a $31M round. The top five also included companies in the research and predictive modeling spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the enterprise AI, medtech and lendtech 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. 31-Nov. 6
1. Insider
- Location: New York City, NY
- Description: Insider is an AI-native platform providing omnichannel experience and customer engagement solutions, helping businesses personalize and enhance customer interactions across multiple channels.
- Funding Amount: $500M
- Funding Round: Series E
2. Spot AI
- Location: San Francisco, CA
- Description: Spot AI specializes in AI-powered camera systems designed to enhance video intelligence and support security, efficiency, and productivity through advanced visual monitoring.
- Funding Amount: $31M
- Funding Round: Equity funding
3. Neara
- Location: Sydney, Australia
- Description: Neara provides AI-powered predictive modeling software tailored for critical infrastructure management, assisting companies in optimizing and protecting essential resources.
- Funding Amount: $31M
- Funding Round: N/A
4. Decart
- Location: San Francisco, CA
- Description: Decart is an AI research lab focused on pioneering advancements in artificial intelligence technology, aiming to develop innovative solutions across industries.
- Funding Amount: $21M
- Funding Round: N/A
5. Bifrost AI
- Location: San Francisco, CA
- Description: Bifrost AI offers a generative 3D data platform that enables the creation of synthetic 3D environments for various applications, including simulation and training.
- Funding Amount: $8M
- Funding Round: Series A
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
