This week we continue our series on the top 5 VC-funded deals in AI.
Saint Nick came early with a huge week for AI venture funding, led by four, FOUR, huge deals exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from San Francisco-based AI giant Databricks, which raised $10 billion, with a “B,” in its Series J round to support its development of data solutions for various artificial intelligence applications. The next biggest announcement came from the energy and AI infrastructure space, where another San Francisco company, Crusoe, brought in an impressive $600M round. The top five also included companies in the lending, security and computing spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the materials science, voice AI and healthcare billing 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 Dec. 12-Dec. 18
1. Databricks
- Location: San Francisco, CA
- Description: Databricks is a data and AI powerhouse providing unified data solutions for analytics, machine learning, and enterprise AI workloads. The company’s Series J funding round values it at $62 billion, solidifying its position as a market leader.
- Funding Amount: $10B
- Funding Round: Series J
2. Crusoe
- Location: San Francisco, CA
- Description: Crusoe is a vertically integrated AI infrastructure provider offering sustainable computing solutions by repurposing waste energy for powering AI workloads. The company is valued at $2.8 billion post-funding.
- Funding Amount: $600M
- Funding Round: Series D
3. Zest AI
- Location: Burbank, CA
- Description: Zest AI is a leader in AI lending technology, enabling financial institutions to make more inclusive, accurate, and faster lending decisions through advanced machine learning models.
- Funding Amount: $200M
- Funding Round: Growth investment
4. Ayar Labs
- Location: San Jose, CA
- Description: Ayar Labs specializes in optical interconnect solutions designed for large-scale AI workloads, reducing latency and power consumption in high-performance computing systems.
- Funding Amount: $155M
- Funding Round: Series D
5. Sublime Security
- Location: Washington, DC
- Description: Sublime Security provides an adaptive, AI-powered email security platform that defends against evolving threats, ensuring robust protection for enterprises.
- Funding Amount: $60M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
