This week we continue our series on the top 5 VC-funded deals in AI.
This week’s venture capital funding announcements exceeded our expectations, led by six or seven transactions, depending on how you figure them, which exceed the $100 million threshold.
The top reported deal, per FinSMEs, came from San Francisco-based Replit, which raised a $250 million round in part to “scale operations, accelerate product development, and global expansion,” according to its announcement. Our second-place announcement comes from the AI robotics space, where Dyna Robotics, based in Redwood City, Calif., brought in a $120 million Series A. The top five also included companies in the enterprise AI, cybersecurity and materials science sectors.
This is an unusual week. All things otherwise being equal, one of the top two deals would certainly have been the recently announced raise by Figure AI which took their total committed capital over the $1 billion mark. We believe they raised somewhere in the realm of $120-275 million, however, like many AI companies, Figure AI didn’t provide the specifics of its funding round, thus we left it off of this week’s rankings. For those who don’t know, Figure AI develops autonomous, general purpose humanoid robots.
Smaller funding raises that did not quite make our top 5 this week included announcements from the software development, video, and enterprise AI spaces.
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 Sept. 11-Sept. 17
1. Replit
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Location: San Francisco, CA
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Description: An agentic AI software creation platform provider helping users build and deploy software autonomously.
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Funding Amount: $250M
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Funding Round: Undisclosed round (at a $3 Billion valuation)
2. Dyna Robotics
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Location: Redwood City, CA
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Description: A developer of embodied AI robots aimed at pushing the frontier of human-robot collaboration.
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Funding Amount: $120M
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Funding Round: Series A
3. Invisible Technologies
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Location: New York City, NY
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Description: An AI software platform for enterprises focused on automating business operations and processes at scale.
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Funding Amount: $100M
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Funding Round: Growth Funding
4. Airia
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Location: Atlanta, GA
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Description: A provider of an enterprise-grade AI security and orchestration platform enhancing organizational resilience.
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Funding Amount: $100M
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Funding Round: Undisclosed
5. CuspAI
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Location: Cambridge, UK
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Description: Specializes in accelerating the discovery of new materials using AI-driven scientific research.
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Funding Amount: $100M
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Funding Round: Series A
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs