The venture capital activity cooled off a bit this week, with four fundraising announcements coming solidly in above the $100 million threshold.
The biggest announcement, per FinSMEs, came from Paris, France-based Advanced Machine Intelligence (AMI), which raised $1.03 billion in seed funding at a $3.5 billion valuation. AMI, an AI researcher, will "advance AI research and develop applications where reliability, controllability, and safety really matter, especially for industrial process control, automation, wearable devices, robotics, healthcare, and beyond," according to the announcement. Our second-place announcement was from Palo Alto, Calif.-based industrial robotics provider Mind Robotics, which raised a $500 million Series A to "expand operations and its development efforts," according to its announcement. The top five also included companies in the development, enterprise agentic AI and restaurant spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the security, agentic AI and robotics 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 12 - March 18