This week's venture capital funding announcements continued strong, with three transactions in excess of the $100 million threshold.
The top reported deal, per FinSMEs, came from Los Angeles-based Metropolis Technologies, which raised $1.6 billion total between a $500 million Series D and $1.1 billion in debt financing. Metropolis will use the funds to "expand into both new verticals and new markets, scaling its AI platform into retail, and hospitality," according to its announcement. An applied AI specialist, Metropolis Technologies is now valued at approximately $5 billion. Our second announcements are a tie between San Diego-based Iambic and Israel-based Majestic Labs. Iambic, a clinical life sciences company using AI for drug discovery, raised "more-than $100 million" in its most recent round, while Majestic Labs, an AI infrastructure company that builds AI servers, announced $100 million in funding in what appears to be a Series A. The top five also included companies in the AI infrastructure and decision intelligence sectors.
Smaller funding raises that did not quite make our top 5 this week included announcements from the visual storytelling, mechanical engineering and AI security 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 Nov. 6 - Nov. 12