Top 5 VC Deals of the Week in AI (3/11/26)

By Christopher Robbins · Mar 12, 2026 Views: 1

Our Top 5 VC Deals of the Week in AI featured funding announcements from Legora, Nexthop AI, Quince, Rhoda AI, and Eridu

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

The venture capital activity swung decisively this week towards acceleration, with seven fundraising announcements come in above the $100 million threshold.

The biggest announcement, per FinSMEs, came from Stockholm, Sweden-based Legora, which raised $550 million in a Series D at a $5.55 billion valuation. Legora, which creates a collaborative workspace for lawyers and other legal professionals, will use its new funding to "accelerate its expansion across the United States," according to the announcement. Our second place announcements were a tie between San Francisco-based consumer technology firm Quince, which raised a $500 million Series E at a $10.1 billion valuation, and Santa Clara, Calif.-based networking provider Nexthop AI, which raised a Series B of the same amount at a $4.2 billion valuation. The top five also included companies in the robotics and AI networking spaces.

Smaller funding raises that did not quite make our top 5 this week included announcements from the agentic security, autonomous vehicles and recruiting 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 March 5 - March 11

1. Legora

Location: Stockholm, Sweden
Description: Legora develops a collaborative AI platform for lawyers, helping legal teams streamline research, drafting, and case management through advanced automation tools.
Funding Amount: $550 million
Funding Round: Series D
Valuation: $5.55 billion

2. Quince

Location: San Francisco, CA
Description: Quince is a consumer technology platform focused on delivering high-quality products directly to consumers through a vertically integrated supply chain model.
Funding Amount: $500 million
Funding Round: Series E
Valuation: $10.1 billion

2. Nexthop AI

Location: Santa Clara, CA
Description: Nexthop AI develops networking solutions optimized for large-scale artificial intelligence workloads, enabling faster data movement across AI infrastructure.
Funding Amount: $500 million
Funding Round: Series B
Valuation: $4.2 billion

4. Rhoda AI

Location: Palo Alto, CA
Description: Rhoda AI builds advanced robotics and artificial intelligence systems designed to automate complex physical tasks across industries.
Funding Amount: $450 million
Funding Round: Series A

5. Eridu

Location: Saratoga, CA
Description: Eridu develops high-performance networking solutions aimed at supporting the growing computational demands of AI and data-intensive workloads.
Funding Amount: Over $200 million
Funding Round: Undisclosed

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