This week our announcements are led by four deals exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from San Francisco-based Grammarly, which raised $1 billion from General Catalyst in part to "grow its customer base and extend the reach of its AI productivity platform," according to its announcement. The next biggest announcement came from the AI infrastructure and analytics space, where San Francisco-based ClickHouse raised a $350 million Series C. The top five also included companies in the AI data development, quantum computing and emergency response spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the robotics, workplace safety and construction 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 May 29-June 4