Top 5 VC Deals of the Week in AI (2/6/26)

By
Christopher Robbins
-
1262

This week we continue our series on the top 5 VC-funded deals in AI.

We saw a total of 9 fundraising deals come in above the $100 million threshold, continuing very strong and active venture capital activity in 2026.

The top reported deal, per FinSMEs, came from Toronto-based Waabi, which raised $750 million in a Series C, to “accelerate the continued advancement of Waabi’s Physical AI Platform, further accelerate its commercial progress in autonomous trucking, and support expansion into robotaxis” according to its announcement. Waabi also announced a partnership with Uber. Our second announcement is from Austin, Texas-based space and defense connectivity specialist CesiumAstro, which raised $470 million in a Series C of its own to “support expanded manufacturing, accelerated AI-enabled communications development, scaled production of Element, its LEO satellite, and growth of global technical and program teams,” according to its announcement. The top five also included companies in the agentic AI, customer service and AI infrastructure spaces.

Smaller funding raises that did not quite make our top 5 this week included announcements from the real estate, defense and robotics 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 Jan. 29 – Feb. 4

1. Waabi

  • Location: Toronto, Canada

  • Description: Physical AI company developing next-generation autonomous driving solutions.

  • Funding Amount: $750 million

  • Funding Round: Series C

2. CesiumAstro

  • Location: Austin, TX

  • Description: Developer of advanced connectivity solutions for space and defense industries.

  • Funding Amount: $470 million

  • Funding Round: Series C

3. Genspark

  • Location: Palo Alto, CA

  • Description: Agentic AI technology company building intelligent systems for enterprise and consumer applications.

  • Funding Amount: $300 million

  • Funding Round: Series B

4. Decagon

  • Location: San Francisco, CA

  • Description: AI company specializing in conversational agents for concierge-style customer experiences.

  • Funding Amount: $250 million

  • Funding Round: Series D

  • Valuation: $4.5 billion

5. PaleBlueDot AI

    • Location: Palo Alto, CA

    • Description: Provider of an AI compute platform engineered for high-performance machine learning workloads.

    • Funding Amount: $150 million

    • Funding Round: Series B

    • Valuation: $1 billion

Make sure to check out our Top 5 VC Deals of the Week in AI right here!

Written & Researched by DWN Staff
VC Deals Synopsized by ChatGPT
Research Source: FinSMEs

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