Top 5 VC Deals of the Week in AI (9/13/24)

This past week was a big one for venture funding in AI, with multiple deals exceeding the $100M threshold

This week’s top deal came in at $260 million from the work and productivity sector, where Glean’s massive series E round will facilitate AI innovation, customer acquisition and geographic expansion. The second biggest announcement was in biotech, where Boston-based Superluminal Medicines brought in a $120M Series A round. The top five also included business ops and language, again showing the breadth and reach of artificial intelligence.

Smaller funding raises that did not make our top 5 this week included announcements in the data center, medtech, and financial regulatory compliance 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 Sept. 5-11

• • 1. GleanLocation: Palo Alto, CA
    Description: Glean provides a cutting-edge Work AI platform designed for enterprises, aimed at enhancing productivity and streamlining workflows.
    Funding Amount: $260M
    Funding Round: Series E

    2. Superluminal Medicines

    Location: Boston, MA
    Description: Superluminal Medicines leverages generative biology, chemistry, and machine learning to develop innovative medicines.
    Funding Amount: $120M
    Funding Round: Series A

    3. finally

    Location: Miami, FL
    Description: This company offers an AI-powered, all-in-one suite for finance and HR needs, simplifying complex business operations.
    Funding Amount: $150M (Credit Facility) + $50M (Series B)
    Funding Round: Series B and Credit Facility

    4. You.com

    Location: Palo Alto, CA
    Description: You.com provides an AI-powered productivity engine, enhancing user experience and efficiency in various tasks.
    Funding Amount: $50M
    Funding Round: Series B

    5. Smartcat

    Location: Boston, MA
    Description: Smartcat offers an enterprise language AI platform, focusing on automating and improving language-related processes for businesses.
    Funding Amount: $43M
    Funding Round: Series C