This week we continue our series on the top 5 VC-funded deals in AI.
Despite the holiday, it was an active week for AI venture funding, led by two deals exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from Santa Clara, Ca.-based Tenstorrent, which raised $693 million in its Series D round to develop microchips specialized for AI applications, in competition with Nvidia. Tenstorrent’s round was joined by high-profile investors including Jeff Bezos, Samsung, LG, Hyundai and Fidelity. The next biggest announcement came from the generative AI space, where Palo Alto, Ca.-headquartered Cresta brought in a $125M round to support its automated call center platform. The top five also included companies in the enterprise AI, machine learning and capital markets spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the real estate, freight transportation 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. 28-Dec. 4
1. Tenstorrent
- Location: Santa Clara, CA
- Description: Tenstorrent is a computing company that builds high-performance computers optimized for AI, driving advancements in AI computing infrastructure.
- Funding Amount: $693M+
- Funding Round: Series D
2. Cresta
- Location: Palo Alto, CA
- Description: Cresta provides an end-to-end generative AI platform designed for contact centers, enabling businesses to improve customer interactions through AI-driven automation and insights.
- Funding Amount: $125M
- Funding Round: Series D
3. 9fin
- Location: London, UK
- Description: 9fin is an AI-powered analytics platform that delivers actionable insights for debt capital markets, helping finance professionals streamline workflows and make informed decisions.
- Funding Amount: $50M
- Funding Round: Series B
4. Yurts
- Location: San Francisco, CA
- Description: Yurts specializes in generative AI (GenAI) integration at scale, serving defense, government, and enterprise customers with tailored AI solutions for complex challenges.
- Funding Amount: $40M
- Funding Round: Series B
5. Aerospike
- Location: Mountain View, CA
- Description: Aerospike provides a real-time database platform supporting mission-critical applications, including AI and machine learning, to empower fast and reliable decision-making.
- Funding Amount: $30M
- Funding Round: Growth financing
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
