This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by three deals exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from Palo Alto, Calif.-based Glean, which raised a $150 million Series F in part to “support its continued product innovation, the expansion of its partner ecosystem, and international growth,” according to its announcement. The next biggest announcement came from the cybersecurity space, where San Francisco-based Horizon3.ai raised a $100 million Series D. The top five also included companies in the procurement and construction spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the AI training, climate mitigation and workplace safety 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 June 5-June 11
1. Glean
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Location: Palo Alto, CA
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Description: Glean provides a Work AI platform that enables employees to find information across enterprise systems through a unified AI-powered search and knowledge discovery experience. The company is now valued at $7.2 billion.
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Funding Amount: $150M
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Funding Round: Series F
2. Horizon3.ai
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Location: San Francisco, CA
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Description: Horizon3.ai is the developer of NodeZero, an autonomous security platform that continuously tests and strengthens an organization’s cyber defenses using AI-powered red teaming.
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Funding Amount: $100M
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Funding Round: Series D
3. Laurel
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Location: San Francisco, CA
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Description: Laurel offers an AI-powered time platform that automates time tracking and insight generation for professional services firms, enhancing billing accuracy and productivity.
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Funding Amount: $100M
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Funding Round: Series C
4. Pactum
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Location: Mountain View, CA
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Description: Pactum provides an agentic AI platform that automates contract negotiations for enterprise procurement teams, helping organizations save costs and increase operational efficiency.
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Funding Amount: $54M
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Funding Round: Series C
5. AIM
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Location: Redmond, WA
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Description: AIM (Artificial Intelligence Machinery) is building an embodied AI platform for automating heavy earthmoving equipment, aiming to transform the construction and mining industries.
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Funding Amount: $50M
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Funding Round: Venture funding
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs