Top 5 VC Deals of the Week in AI (8/1/24)

By Cindy Taylor · Aug 1, 2024 Views: 5

Our Top 5 VC Deals of the Week in AI featured fundings from IntelePeer, Credo AI, Gradient AI, ReviR Therapeutics and Trio Mobile

This week we continue our series on the top 5 VC-funded deals in AI.

Once again, another major deal in the AI sector this week with our top funded deal coming in at $140M for a growth funding round.

The investments highlighted below show the diverse applications of AI, from communications automation and insurance solutions to biotechnology and workplace safety. We also continued to see many funding rounds of $15M+, which we feel is a fairly substantial round, but they were still not large enough to qualify for our top 5 list.

Let's jump into week's winners below...

Top 5 Funded VC Deals in for the week of 8/1/24:

IntelePeer

- Location: Dania Beach, FL
- Description: IntelePeer is an AI-powered communications automation provider, offering advanced solutions to enhance and automate communication processes for businesses.
- Funding Amount: $140M
- Funding Round: Growth

2. Gradient AI

- Location: Boston, MA
- Description: Gradient AI is an enterprise software provider delivering AI solutions for the insurance industry, helping insurers improve risk assessment and operational efficiency.
- Funding Amount: $56.1M
- Funding Round: Series C

3. ReviR Therapeutics

- Location: Brisbane, CA
- Description: ReviR Therapeutics is an AI-enabled biotechnology company focused on developing small molecule RNA modulators to treat neurogenetic diseases.
- Funding Amount: $30M
- Funding Round: Series A

4. Trio Mobil

- Location: Philadelphia, PA
- Description: Trio Mobil provides AI and IoT solutions aimed at improving workplace safety and efficiency through advanced monitoring and automation technologies.
- Funding Amount: $26.5M
- Funding Round: Growth

5. Credo AI

- Location: Palo Alto, CA
- Description: Credo AI is a global leader in AI governance software, helping organizations ensure responsible and ethical AI deployment and compliance.
- Funding Amount: $21M
- Funding Round: Funding round not specified

Make sure to check out our Top 5 VC Deals of the Week in AI right here!

Written & Researched by DWN Staff

VC Deals Synopsized by ChatGPT Research Source: FinSMEs