This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by four deals exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from San Francisco-based Grammarly, which raised $1 billion from General Catalyst in part to “grow its customer base and extend the reach of its AI productivity platform,” according to its announcement. The next biggest announcement came from the AI infrastructure and analytics space, where San Francisco-based ClickHouse raised a $350 million Series C. The top five also included companies in the AI data development, quantum computing and emergency response spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the robotics, workplace safety and construction 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 29-June 4
1. Grammarly
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Location: San Francisco, CA
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Description: Grammarly provides an AI-powered assistant that enhances communication and productivity through real-time writing support and contextual suggestions.
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Funding Amount: $1B
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Funding Round: Financing from General Catalyst
2. ClickHouse, Inc.
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Location: San Francisco, CA
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Description: ClickHouse is a leader in real-time analytics, data warehousing, observability, and AI/ML infrastructure, enabling high-speed querying and scalable data processing.
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Funding Amount: $350M
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Funding Round: Series C
3. Snorkel AI
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Location: Redwood City, CA
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Description: Snorkel AI offers an AI data development platform that automates the process of creating high-quality training data, accelerating machine learning model development. The company is valued at $1.3 billion.
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Funding Amount: $100M
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Funding Round: Series D
4. Infleqtion
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Location: Boulder, CO
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Description: Infleqtion is commercializing quantum systems built on atom-based technologies, with applications spanning sensing, timekeeping, and quantum computing.
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Funding Amount: $100M
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Funding Round: Venture funding
5. Prepared
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Location: New York City, NY
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Description: Prepared provides an assistive AI platform for emergency response teams, enhancing public safety communications through real-time video, data, and AI support.
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Funding Amount: $80M
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Funding Round: Series C
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs