Top 5 VC Deals | AI
Top 5 VC Deals of the Week in AI (6/28/24)
By Cindy Taylor · Jun 26, 2024 Views: 6
Our Top 5 VC Deals of the Week in AI featured fundings from Formation Bio, Etched, Prewave, HeyGen & Daydream
This week we continue our series on the top 5 VC-funded deals in AI.
More big bucks rolling in for AI and this week four of the top five venture deals in artificial intelligence came out of the US, with the fifth coming from Austria.
The week's funding round winners were companies offering the following:
- A tech-driven and AI-native pharma company
- A transformer-specialized AI chip
- An AI-enabled sustainability, risk, and compliance platform
- An AI video generation platform for businesses
- An AI-powered search and discovery shopping platform
Anyhoo, below are the top 5 venture-funded AI deals for the past week...
The companies below exemplify the transformative power of AI across various sectors, from pharmaceuticals and hardware to sustainability and e-commerce.Here are the top 5 VC-backed deals in AI, from highest to lowest funding amount for the past week:
Top 5 Funded Deals:
- Formation Bio
- Location: New York City, NY
- Description: Formation Bio is a tech-driven and AI-native pharma company.
- Funding Amount: $372M
- Funding Round: Series D
- Etched
- Location: Cupertino, CA
- Description: Etched is the creator of Sohu, a transformer-specialized AI chip.
- Funding Amount: $120M
- Funding Round: Undisclosed
- Prewave
- Location: Vienna, Austria
- Description: Prewave provides an AI-enabled sustainability, risk, and compliance platform.
- Funding Amount: $67M
- Funding Round: Series B
- HeyGen
- Location: Los Angeles, CA
- Description: HeyGen is an AI video generation platform for businesses.
- Funding Amount: $60M
- Funding Round: Series A
- Daydream
- Location: USA
- Description: Daydream is an AI-powered search and discovery shopping platform.
- Funding Amount: $50M
- Funding Round: Seed
Written & Researched by DWN Staff
VC Deals Synopsized by ChatGPT
Research Source: FinSMEs