This week's venture capital funding announcements maintained recent momentum, with all five transactions in excess of the $100 million threshold.
The top reported deal, per FinSMEs, came from Mountainview, Calif.-based Groq, which raised a massive $750 million round in part to "expand operations and its development efforts," according to its announcement. Groq is involved in AI inference, which involves applying trained models to actual real-world work. Our second-place announcement comes from the lawtech space, where Salt Lake City-based Filevine., brought in a $400 million equity raise. The top five also included de-extinction company Colossal Biosciences, the company using AI to help resurrect species like the woolly mammoth and the thylacine, as well as companies in the finance and networking sectors.
Smaller funding raises that did not quite make our top 5 this week included announcements from the ecommerce, lending, and procurement spaces.
Below, we highlight the top five venture capital deals, ranked from the highest to the lowest funding amounts, showcasing the companies at the forefront of the AI revolution...
Top 5 Venture Capital Deals from Sept. 11-Sept. 17