This week's venture capital funding decelerated towards the end of the year, but nevertheless remained brisk, with three transactions in excess of the $100 million threshold.
The top reported deal, per FinSMEs, came from San Francisco-based Databricks, a data management and engineering company (dovetailing well with our discussions on trust in AI and AI TRiSM), which raised $4 billion in a Series L at a $134 billion valuation. Databricks will use the funds to "advance product development across three strategic products," according to its announcement: Lakebase, Databricks Apps and Agent Bricks. Our second announcement is from San Francisco-based Harness, which raised $240 million in a Series E to "accelerate platform innovation, expand its global footprint, and its development efforts," according to its announcement. Harness is an AI developer ops (DevOps) platform. The top five also included companies in the biochemistry, conversational AI and cybersecurity/fraud prevention spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the media intelligence, IT management and asset management sectors.
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 Dec. 11 - Dec. 17