AI Funding Tracker

AI startup Serval closed a private deal with Sequoia in December at less than $400 million valuation—exemplifying the fundraising tactic AI startups are using to juice valuations.

Trend alert: Major AI labs consolidate talent/tech in agentic push.

• Anthropic acquires Vercept: Seattle AI agent startup's team and tech boost...

AI's VC takeover accelerates: Firms grabbed 61% ($258.7B of $427.1B total), doubling share from 30% in 2022; separate analysis pegs 52.7% ($270.2B of...

Trend alert: Surging VC bets on AI-native insurance startups.

• General Magic (Toronto): $7.2M seed for proactive AI SMS agents
• Harper (YC W25):...

Index-led $150M Series B fuels Revel's platform to overhaul testing for rockets, robotics, and defense systems.

• Cuts test setup from 14 days to 8...

AlleyWatch's latest NYC report spotlights AI-driven funding wins:

• Profound raises $96M Series C led by Lightspeed for its full-stack marketing...

Key shift in AI chip strategy:

• No acquisition: Ditched $1.6B Intel buyout rumors for strategic investment in oversubscribed $350M Series E led by...

Historic scale: OpenAI's $110B funding round at $840B valuation is the largest venture deal ever, spotlighting the week's biggest raises.

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Dutch chipmaker Axelera AI raised more than $250 million from investors including BlackRock to develop power-efficient semiconductors. Big signal for AI infrastructure investments and hardware talent demand.

AI startup Decagon, fresh off a $250 million financing round, has finalized a deal to expand its San Francisco headquarters—a clear sign of scaling ambitions for investors and talent.

Wellington Management leads Encord's $60M Series C, boosting total funding to $110M for its AI data platform serving 300+ vision/multimodal teams like...

Flux lands $27M Series B led by 8VC, plus discloses prior unannounced $10M Series A—totaling $37M for its AI-powered hardware design platform. Key signal for investors eyeing applied AI tools in hardware.

Baltimore MedTech AI scores big: ETC co-invests $200K in JuneBrain's Seed+ round, accelerating FDA clearance for its Neuro-i SS-OCT wearable...

Battery Ventures leads $40M Series B for Letter AI, with Y Combinator, Lightbank, and others joining.

• Funds scale product development, global team...

Crypto powerhouse Paradigm seeks $1.5B fund for AI, robotics, and frontier tech investments, using its existing team while maintaining crypto...

Europe's AV leader Wayve lands $1.5B Series C at $8.6B valuation, backed by Nvidia, Uber, Microsoft, and led by Eclipse, Balderton, SoftBank.

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Nvidia is guaranteeing CoreWeave's data center lease payments as the AI cloud provider faces huge buildout costs. This underscores Nvidia's pivotal role in scaling AI infrastructure.

Rapid post-funding traction in AI music generation:

• Hit 2M paid subscribers and $300M ARR
• Just 3 months after $250M round at $2.45B valuation
• Revenue jumped from $200M in short time

Prime signal for investors eyeing generative AI creative tools.

Basis AI, an AI accounting startup, secures a $100M Series B at $1.15B valuation led by Accel, targeting transformation of accounting workflows. Key signal for investors eyeing applied AI in finance.

NationGraph secures $18M Series A led by Menlo Ventures, with other investors, elevating total funding to $22.5M for its AI-native intelligence platform. Key signal for AI infrastructure investors.