This week we continue our series on the top 5 VC-funded deals in AI.
This week our announcements are led by three deals exceeding the $100 million threshold.
The week’s top reported deal, per FinSMEs, came from Tines, an international workflow automation company, which raised $125 million in its Series C round “to accelerate product innovation focused on helping users connect AI software and LLMs with the data and systems they need to perform tasks at optimal efficiency and effectiveness, while also facilitating privacy and compliance safeguards required to ensure enterprise-grade security.” The next biggest announcement came from the healthcare space, where Australian Harrison.ai brought in a $112 million Series C round. The top five also included companies in the cybersecurity, financial fraud detection and lawtech spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the HVAC, AI computing and insuretech 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 Feb. 6-Feb. 12
1. Tines
- Location: Boston, MA & Dublin, Ireland
- Description: Tines is an AI-powered workflow automation company that enables organizations to automate complex business and security operations. The company is now valued at $1.125 billion.
- Funding Amount: $125M
- Funding Round: Series C
2. Harrison.ai
- Location: Haymarket, Australia
- Description: Harrison.ai is a global healthtech company developing AI-powered medical diagnostic support and workflow solutions to improve efficiency and accuracy in healthcare.
- Funding Amount: $112M
- Funding Round: Series C
3. Semgrep
- Location: San Francisco, CA
- Description: Semgrep provides an AI-driven application security platform that helps developers and security teams detect and mitigate vulnerabilities in code.
- Funding Amount: $100M
- Funding Round: Series B
4. Sardine AI
- Location: San Francisco, CA
- Description: Sardine AI offers an AI-powered risk platform designed for fraud detection, compliance monitoring, and credit underwriting, helping businesses prevent financial crime.
- Funding Amount: $70M
- Funding Round: Series C
5. SpotDraft
- Location: Bengaluru, India
- Description: SpotDraft provides a contract lifecycle management (CLM) platform that enables in-house legal teams to efficiently manage their contract workflows and compliance needs.
- Funding Amount: $54M
- Funding Round: Series B
Make sure to check out our Top 5 VC Deals of the Week in AI right here!
Research Source: FinSMEs
