This week we continue our series on the top 5 VC-funded deals in AI.
As we’ve recently noted, funding rounds in AI seem to ebb and flow but we’re starting to see some pretty large numbers in the sector. We also saw a LOT of deals in AI this past week that we didn’t include in this column because they didn’t qualify within the top 5 fundings. Nevertheless, there were quite a few, and very diverse onces including a company that uses AI to evaluate sewer systems. Whodda thunk?? Apparently AI can be used in just about any sector, and therein lies the HUGE opportunities thatare continuing to unfold in this brave new world.
Moving along, last week, our funding winner Eko Health received a $41M investment for our largest deal of the week and this week, Waabi out of Toronto, CA takes the top slot with a $200M Series B round.
The week’s funding round winners were companies offering the following:
- Generative AI for applications in the physical world
- AI to translate nature into new medicines
- AI platform for developing materials that enhance sustainability
- AI-powered product discovery and search platform for enterprise e-commerce companies
- AI-powered voice biomarker health tech company
As we see each week, the sectors of these deals are quite varied, but AI-centric healthcare firms seems to be receiving a lot of VC funding these days, and that is a definite pattern we see emerging. And we applaud it.
Below are the top 5 venture-funded AI deals for the past week…
As the AI industry continues to evolve, startups are securing substantial funding to drive innovation and growth. Here are the top 5 VC-backed deals in AI, from highest to lowest funding amount for the past week:
Top 5 Funded Deals:
- Waabi
- Location: Toronto, Canada
- Description: Waabi is advancing generative AI for applications in the physical world.
- Funding Amount: $200M
- Funding Round: Series B
- Enveda Biosciences
- Location: Boulder, CO
- Description: Enveda Biosciences is a biotechnology company using AI to translate nature into new medicines.
- Funding Amount: $55M (New Financing Round added to Series B and B1)
- Funding Round: Series B and B1
- CuspAI
- Location: Cambridge, UK
- Description: CuspAI is building an AI platform for developing materials that enhance sustainability.
- Funding Amount: $30M
- Funding Round: Seed
- Constructor
- Location: San Francisco, CA
- Description: Constructor provides an AI-powered product discovery and search platform for enterprise e-commerce companies.
- Funding Amount: $25M
- Funding Round: Series B
- Canary Speech
- Location: Provo, UT
- Description: Canary Speech is an AI-powered voice biomarker health tech company.
- Funding Amount: $13M
- Funding Round: Series A
Make sure to check back weekly here for our “Top 5 VC AI Deals of the Week in AI”!
Research Source: FinSMEs
