For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category.
AI deals continued to dominate venture funding during the third quarter. AI companies raised $18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding.
The third quarter also saw the close of the largest venture deal of all time: OpenAI raised a behemoth $6.6 billion round. OpenAI’s deal was one of six AI funding rounds over $1 billion in 2024.
Here are the U.S.-based AI companies that raised $100 million or more so far in 2024:
November
- Physical Intelligence, a startup developing foundational software for robots, founded by notable names including Sergey Levine and Lachy Groom, raised a Series A round on November 4 that values the company at more than $2 billion. The $400 million round included Lux Capital, Sequoia and Jeff Bezos, among others. The company was founded in 2024.
October
- 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. The round, which was announced on October 28, was led by Greenoaks with participation from Thrive Capital and Iconiq Capital.
- Autonomous warehouse robotics startup Nimble Robotics enters unicorn territory with its latest raise. The San Francisco-based company raised a $106 million Series C round on October 23 that valued the company at $1.1 billion. The round was co-led by FedEx…
