Top 5 VC Deals of the Week in AI (2/27/26)

By Christopher Robbins · Feb 26, 2026 Views: 3

Our Top 5 VC Deals of the Week in AI featured funding announcements from xAI, Code Metal, Axelera AI, SambaNova, and Ubicquia

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

Venture capital activity accelerated again this week, where we saw seven fundraising announcements come in above the $100 million threshold.

The biggest announcement, per FinSMEs, came from San Francisco-based xAI, which raised $7 billion in a Series E as it approaches a merger with SpaceX. xAI, which is led by Elon Musk, will use its new funding to "accelerate its platform-scale expansion and facilitate its strategic integration into SpaceX following their historic merger," according to the announcement. Our second announcement is from San Jose, Calif.-based AI infrastructure firm SambaNova, which raised $350 million in a Series E to "expand SN50 production, scale SambaCloud, and deepen enterprise software integrations," according to its announcement. The SN50 is SambaNova's latest AI chip. The top five also included companies in the AI development and AI infrastructure spaces.

Smaller funding raises that did not quite make our top 5 this week included announcements from the physical AI, accounting, AI observability and wealthtech sectors, as Jump's $80 million Series B was not quite enough to make the cut.

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 Feb. 19 - Feb. 25

1. xAI

Location: San Francisco, CA
Description: Developer of frontier artificial intelligence systems focused on advancing large-scale models and next-generation AI capabilities.
Funding Amount: $3 billion
Funding Round: Series E

2. SambaNova

Location: San Jose, CA
Description: AI infrastructure company delivering advanced hardware and software systems designed to accelerate enterprise AI workloads.
Funding Amount: Over $350 million
Funding Round: Strategic Series E financing

3. Axelera AI

Location: Eindhoven, The Netherlands
Description: AI acceleration hardware company building high-performance, energy-efficient chips to support edge and data center AI deployments.
Funding Amount: Over $250 million
Funding Round: Undisclosed

4. Code Metal

Location: Boston, MA
Description: Developer of a verifiable code translation and optimization platform that enhances software portability and performance across computing environments.
Funding Amount: $125 million
Funding Round: Series B
Valuation: $1.25 billion

5. Ubicquia Inc.

Location: Fort Lauderdale, FL
Description: Provider of intelligent infrastructure solutions that integrate AI and IoT technologies into smart city and utility networks.
Funding Amount: $106 million
Funding Round: Series D

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