AI deals continued to dominate venture funding during the third quarter in which AI companies raised $19 billion in Q3, which represents 28% of all venture funding.
Here are the U.S.-based AI companies that raised $100 million or more so far in 2024:
Elon Musk’s xAI raised a behemoth $6 billion round, one of seven AI funding rounds over $1 billion in 2024, in November.
Liquid AI, a foundation model startup, raised a sizable $250 million Series A round that values the Cambridge, Massachusetts-based startup at $2.35 billion.
AI hardware company Tenstorrent nabbed a $2.7 billion valuation in its latest funding round. The San Francisco-based company raised a $693 million Series D round that closed on December 2.
Atlanta-based Tractian raised a $120 million Series C round that values the company at $720 million.
Enfabrica, an AI networking chip startup, raised a $115 million Series C round led by Spark Capital.
Bret Taylor’s Sierra, which makes AI chatbots for enterprise customers, raised a $175 million round that values the company at nearly $4.5 billion.
Autonomous warehouse robotics startup Nimble Robotics enters unicorn territory with its latest raise.
OpenAI announced its highly anticipated venture round on October 2. The $6.6 billion round was the largest venture round of all time and valued the company at $157 billion.