This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by two deals exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from Dallas-based Colossal Biosciences, which raised $200 million in its Series C round to continue its de-extinction projects. We have much more on what Colossal Biosciences is up to and some of the ways in which they are using AI in our AI Education column this week. The next biggest announcement came from the data processing space, where San Francisco-based Instabase brought in a $100 million Series D round. The top five also included companies in the lawtech, behavioral health and edge computing spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the music, talent acquisition and financial crime 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 Jan. 16-Jan. 22
1. Colossal Biosciences
- Location: Dallas, TX
- Description: Colossal Biosciences is a de-extinction company leveraging genetic engineering and AI to bring extinct species back to life, with applications in biodiversity and conservation.
- Funding Amount: $200M
- Funding Round: Series C
2. Instabase
- Location: San Francisco, CA
- Description: Instabase provides an applied AI solution for processing unstructured data, empowering businesses to automate complex workflows and improve decision-making.
- Funding Amount: $100M
- Funding Round: Series D
3. Netradyne
- Location: San Diego, CA
- Description: Netradyne delivers SaaS solutions combining artificial intelligence and edge computing to enhance fleet safety, improve driver performance, and enable real-time insights.
- Funding Amount: $90M
- Funding Round: Series D
4. Eleos
- Location: Boston, MA
- Description: Eleos specializes in AI solutions for behavioral health, enabling providers to deliver better care through automated clinical workflows and insights.
- Funding Amount: $60M
- Funding Round: Series C
5. Eve
- Location: San Francisco, CA
- Description: Eve provides an AI platform designed for plaintiff law firms, streamlining case management and enhancing litigation strategies with data-driven insights.
- Funding Amount: $47M
- Funding Round: Series A
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
