This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements feature five deals exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from Durham, N.C.-based sports team operating system provider Teamworks, which raised a $235 million Series F in part to “accelerate development of AI-powered solutions across all four product categories by expanding its data science team and enhance AI-driven insights that deliver a better decision-making for athletes, coaches, and administrators,” according to its announcement. So, I guess think of an AI version of Billy Bean. The next biggest announcement came from the UK’s physical AI space, where London-based PhysicsX raised a $135 million round. The top five also included companies in the observability, healthcare and customer experience spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the wealthtech, healthcare and enterprise 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 June 19-June 25
1. Teamworks
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Location: Durham, NC
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Description: Teamworks provides an operating system for sports, streamlining communication, scheduling, and player engagement for over 6,500 sports teams worldwide. The company now holds a valuation exceeding $1 billion.
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Funding Amount: $235M
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Funding Round: Series F
2. PhysicsX
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Location: London, UK
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Description: PhysicsX is a physical AI company that applies AI and machine learning to simulate and optimize complex physical systems for engineering and industrial applications.
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Funding Amount: $135M
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Funding Round: Series B
3. Decagon
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Location: San Francisco, CA
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Description: Decagon develops advanced conversational AI agents designed to enhance customer experience through intelligent, human-like interactions. The company is valued at $1.5 billion.
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Funding Amount: $131M
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Funding Round: Series C
4. ForSight Robotics
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Location: Yokneam Illit, Israel
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Description: ForSight Robotics is developing an ophthalmic robotic surgery platform that uses AI and robotics to deliver precise, minimally invasive eye surgeries.
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Funding Amount: $125M
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Funding Round: Series B
5. Coralogix
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Location: Boston, MA
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Description: Coralogix offers a real-time observability platform that helps organizations monitor, analyze, and act on log, metric, and trace data to improve system performance and reliability. The company is now valued at over $1 billion.
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Funding Amount: $115M
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Funding Round: Series E
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs