Top 5 VC Deals | AI
Top 5 VC Deals of the Week in AI (6/7/24)
By Cindy Taylor · Jun 5, 2024 Views: 4
This week we continue our series on the top 5 VC-funded deals in AI.
Now for the fourth week in a row, the VC funding amounts for AI are "modest" by former funding round standards.
Last week, our funding winner Maven AGI had a $20M VC investment and this week, Valar Labs comes in with a $22M as our top funded entity.
The week's winners were in computational histology for cancer treatments (LOVE THIS, since we just had a Stage 4 cancer scenario in our house last year), pharmacy and healthcare automation, weather forecasting, life sciences and tax automation.
Below are the top 5 venture-funded AI deals for the past week...
As the AI industry continues to evolve, startups are securing substantial funding to drive innovation and growth. Here are the top 5 VC-backed deals in AI, from highest to lowest funding amount for the past week:
1. Valar Labs
- Location: Palo Alto, CAN
- Description: Creator of artificial intelligence (AI) technology for computational histology (CHAI), which predicts how well cancer treatments will work
- Funding Amount: $22M
- Funding Round: Series A
2. Plenful
- Location: San Francisco, CA
- Description: An AI-powered platform that automates workflows, simplifying and optimizing pharmacy and healthcare operations for improved efficiency and productivity
- Funding Amount: $17M
- Funding Round: Series A
3. WindBorne Systems
- Location: Palo Alto, CA
- Description: Developer of a cutting-edge atmospheric sensing system and advanced AI-powered weather forecasting model, capable of providing more accurate and reliable weather insights and predictions
- Funding Amount: $15M
- Funding Round: Series A
4. Weave Bio
- Location: San Francisco, CA
- Description: An AI platform enabling innovative and data-driven solutions for the life sciences industry
- Funding Amount: $8.28M
- Funding Round: Funding (round unspecified)
5. Kintsugi AI
- Location: San Francisco, CA
- Description: Provider of a seamless tax automation solution, simplifying tax management and compliance
- Funding Amount: $6M
- Funding Round: Series A