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:
October
- EvenUp, an AI-powered legaltech company, raised a $135 million Series D round led by Bain Capital Ventures with participation from SignalFire and Lightspeed, among others. The October 8 round valued the startup at $1 billion.
- Berkeley-based KoBold Metals raised $491.5 million in a recent venture round. The investors aren’t disclosed, but in the past, the company raised from VCs including Bond and Andreessen Horowitz.
- AI-powered software development platform Poolside closed a $500 million Series B round on October 2. The round was led by Bain Capital Ventures with participation from Redpoint, StepStone, and Nvidia, among others. The round values the company at $3 billion.
- 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. Thrive Capital led the round…
