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.
The top reported deal, per FinSMEs, came from Australia-based Airwallex, a fintech provider, which raised a $300 million Series F in part to support “a single platform to efficiently manage all types of company spend across their global business, including multicurrency corporate and employee cards, expense management, and bill payments – all powered by AI,” according to its announcement. The next biggest announcement came from the CRM space, where London-based Ascendx Cloud brought in a $110 million round. The top five also included companies in the healthcare and lawtech spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the fintech, security and agentic 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 May 15-May 21
1. Airwallex
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Location: Australia
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Description: Airwallex provides a global payments and financial platform tailored for modern businesses, enabling seamless international money movement and financial operations. The company is now valued at US$6.2 billion.
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Funding Amount: $300M
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Funding Round: Series F
2. Ascendx Cloud
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Location: London, UK
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Description: Ascendx Cloud delivers enterprise-grade CRM SaaS solutions designed to enhance customer engagement and automate complex sales and support workflows.
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Funding Amount: $110M
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Funding Round: Venture funding
3. Cohere Health
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Location: Boston, MA
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Description: Cohere Health offers AI-driven clinical intelligence solutions that streamline care management and utilization review processes for health plans and providers.
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Funding Amount: $90M
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Funding Round: Series C
4. Legora
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Location: London, UK
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Description: Legora is a collaborative AI platform built for the legal industry, helping law firms and legal teams manage documents, research, and case workflows more effectively. The company is valued at $675 million.
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Funding Amount: $80M
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Funding Round: Series B
5. Akido
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Location: Los Angeles, CA
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Description: Akido combines AI and care delivery to improve health outcomes, reduce costs, and bring personalized care to underserved communities through data-driven interventions.
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Funding Amount: $60M
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Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
