This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by one deal exceeding the $100 million threshold.
The week’s top reported deal, per FinSMEs, came from Cambridge, Mass.-based Insilico Medicine, an AI biotech company, which raised a $110 million Series E round in part to support clinical trials and to continue to develop its AI models. The next biggest announcement came from the AI voice space, where San Francisco-based Cartesia brought in a $64 million Series A round. The top five also included companies in the robotics, IT and food supply spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the logistics, marketing and mental health 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 March 13-March 19.
1. Insilico Medicine
- Location: Cambridge, MA
- Description: Insilico Medicine is a clinical-stage company using generative AI to accelerate drug discovery and development, offering a powerful platform for pharmaceutical innovation.
- Funding Amount: $110M
- Funding Round: Series E
2. Cartesia
- Location: San Francisco, CA
- Description: Cartesia develops an AI-powered voice generation platform, enabling lifelike and expressive voice synthesis for use in media, gaming, virtual assistants, and more.
- Funding Amount: $64M
- Funding Round: Series A
3. Apptronik
- Location: Austin, TX
- Description: Apptronik is an AI-powered humanoid robotics company focused on building next-gen robots designed for industrial and commercial applications.
- Funding Amount: $53M (additional funding)
- Funding Round: Series B
4. Graphite
- Location: New York, NY
- Description: Graphite offers an AI-powered code review platform that helps engineering teams improve software quality and developer productivity through intelligent automation.
- Funding Amount: $52M
- Funding Round: Series B
5. GrubMarket
- Location: San Francisco, CA
- Description: GrubMarket is an AI-enabled food supply chain technology provider, helping to optimize logistics, operations, and sourcing for food distributors and retailers.
- Funding Amount: $50M
- Funding Round: Series G
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
