This week we continue our series on the top 5 VC-funded deals in AI.
This holiday week our announcements feature just one deal exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from Paris, France and San Francisco-based physical AI lab Genesis AI, which raised a $105 million round in part to “to open-source components of its data engine and foundation model to empower developers, researchers, and partners to build and accelerate progress across the broader field of physical AI,” according to its announcement. The next biggest announcement came from a space near and dear to our heart, wealthtech, where New York-based Savvy Wealth, an technology-oriented, AI-infused RIA platform, raised a $72 million round. The top five also included companies in the fashion, procurement and data spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the voice, 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 26-July 2
1. Genesis AI
-
Location: Paris, France & Palo Alto, CA
-
Description: Genesis AI is a physical AI research lab and full-stack robotics company focused on developing advanced intelligent systems that integrate hardware and software for real-world automation.
-
Funding Amount: $105M
-
Funding Round: Venture funding
2. Savvy Wealth
-
Location: New York City, NY
-
Description: Savvy Wealth offers a digital-first platform for financial advisors that enhances human advice through technology, streamlining advisor workflows and client engagement.
-
Funding Amount: $72M
-
Funding Round: Series B
3. Gensmo
-
Location: New York City, NY
-
Description: Gensmo is an AI-native startup developing a fashion-focused agent service, using artificial intelligence to curate and recommend apparel and style options for users.
-
Funding Amount: $60M+
-
Funding Round: Angel funding
4. Centific
-
Location: Seattle, WA
-
Description: Centific operates as an AI data foundry, specializing in large-scale data infrastructure and processing solutions critical to training and scaling next-gen AI models.
-
Funding Amount: $60M
-
Funding Round: Series A
5. Levelpath
-
Location: San Francisco, CA
-
Description: Levelpath provides an AI-native procurement platform that simplifies and streamlines sourcing and purchasing processes across enterprises.
-
Funding Amount: $55M+
-
Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs