This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by five deals, technically six, all exceeding the $100 million threshold.
The week’s top reported deal, per FinSMEs, came from Austin, Texas-based Sarconic Technologies, an autonomous warship company, which raised a $600 million in its Series C round to fund the construction of a shipyard. The next biggest announcement came from the robotics space, where Apptronik, also based in Austin, brought in a $350 million Series A round. The top five also included companies in the health care, AI chips and lawtech spaces.
Smaller funding raises that did not quite make our top 5 this week included Dream, a Tel Aviv-based cyber-resilience firm that raised a $100 million round, technically good enough to tie for fifth place, and smaller announcements from the marketing, fintech and industrial AI 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 Feb. 13-Feb. 19
1. Saronic Technologies
- Location: Austin, TX
- Description: Saronic Technologies is developing a next-generation shipyard designed to build autonomous ships for the hybrid fleet, enhancing maritime logistics and defense capabilities. The company is now valued at $4 billion.
- Funding Amount: $600M
- Funding Round: Series C
2. Apptronik
- Location: Austin, TX
- Description: Apptronik is an AI-powered humanoid robotics company focused on building advanced robots designed for industrial and commercial applications.
- Funding Amount: $350M
- Funding Round: Series A
3. Abridge
- Location: San Francisco, CA
- Description: Abridge provides a generative AI platform for clinical conversations, allowing healthcare professionals to transcribe and analyze medical discussions to improve documentation and patient care.
- Funding Amount: $250M
- Funding Round: Series D
4. Eudia
- Location: Palo Alto, CA
- Description: Eudia offers an augmented intelligence platform designed for Fortune 500 legal teams, streamlining contract management, compliance, and risk mitigation.
- Funding Amount: $105M
- Funding Round: Series A
5. EnCharge AI
- Location: Santa Clara, CA
- Description: EnCharge AI develops cutting-edge analog in-memory computing AI chips, optimizing power efficiency and performance for next-generation AI applications.
- Funding Amount: $100M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
