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 top reported deal, per FinSMEs, came from Las Vegas-based TensorWave, a builder of AI infrastructure built upon AMD’s technology, which raised a $100 million round to “accelerate its operational growth, team expansion, and the… deployment of its Instinct MI325X-powered training cluster,” according to its announcement. The next biggest announcement came from the AI development space, where Amsterdam-based Toloka brought in a $72 million round. The top five also included companies in the healthcare, biotech and logistics AI spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the battery power, health care and customer experience 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 May 8-May 14
1. TensorWave
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Location: Las Vegas, NV
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Description: TensorWave is building AMD-powered AI infrastructure solutions designed to help enterprises scale their machine learning and AI workloads efficiently.
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Funding Amount: $100M
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Funding Round: Series A
2. Toloka
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Location: Amsterdam, The Netherlands
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Description: Toloka provides a platform that helps businesses develop safe, reliable, and scalable AI products through advanced data labeling and model training services.
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Funding Amount: $72M
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Funding Round: Venture funding
3. PhaseV
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Location: Boston, MA
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Description: PhaseV applies AI and machine learning to clinical development, improving the design, execution, and analysis of clinical trials to accelerate medical research.
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Funding Amount: $50M
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Funding Round: Series A
4. Optimal Dynamics
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Location: New York City, NY
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Description: Optimal Dynamics provides AI-powered decision intelligence for trucking companies, optimizing operations such as routing, scheduling, and fleet management.
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Funding Amount: $40M
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Funding Round: Series C
5. Clarium
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Location: New York City, NY
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Description: Clarium offers an AI-powered platform designed to improve resiliency and efficiency in healthcare supply chains, helping organizations mitigate risks and ensure availability.
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Funding Amount: $27M
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Funding Round: Series A
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
