This week we continue our series on the top 5 VC-funded deals in AI.
It was again an active week for AI venture funding, led by one deal exceeding the $100 million threshold.
This week’s top reported deal, per FinSMEs, came from Atlanta-based Tractian, which raised $120 million in its Series C round to support its development of manufacturing AI tools. The next biggest announcement came from the waste management space, where Denver-headquartered AMP brought in a $91M round. The top five also included companies in the biotech, augmented reality and generative AI spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the logistics, health care and vendor management 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 Dec. 5-Dec. 11
1. Tractian
- Location: Atlanta, GA
- Description: Tractian specializes in manufacturing AI, providing tools to optimize operations, monitor equipment, and enhance production efficiency in industrial settings.
- Funding Amount: $120M
- Funding Round: Series C
2. AMP
- Location: Denver, CO
- Description: AMP delivers AI-powered sortation technology for the waste and recycling industry, enabling scalable solutions to improve efficiency and sustainability in resource recovery.
- Funding Amount: $91M
- Funding Round: Series D
3. TruVideo
- Location: Wellesley, MA
- Description: TruVideo leverages AI and augmented reality (AR) to provide communication technology for the transportation industry, enhancing customer engagement and operational transparency.
- Funding Amount: $40M
- Funding Round: Growth investment
4. Aqemia
- Location: Paris, France
- Description: Aqemia is a techbio company that combines atomic-scale physics with generative AI to accelerate the development of new medicines, revolutionizing drug discovery processes.
- Funding Amount: $38M
- Funding Round: Venture funding
5. Ask Sage
- Location: Arlington, VA
- Description: Ask Sage provides a generative AI platform tailored for government and commercial sectors, offering advanced AI tools to enhance decision-making and operational efficiency.
- Funding Amount: $17M
- Funding Round: Series A
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
