AI venture capital funding seems to be on a mid-year break, nevertheless this week one deal exceeded the $100 million threshold.
The top reported deal, per FinSMEs, came San Francisco-based asset management platform MaintainX, which raised a $150 million round in part to "expand its AI and machine health monitoring capabilities and partnerships, advance predictive maintenance solutions, and further develop enterprise asset management (EAM) capabilities," according to its announcement. The next biggest announcement came from the UK parcel delivery space, where London-based Hived, raised a $42 million Series B. The top five also included companies in the fashion, procurement and data spaces.
Smaller funding raises that did not quite make our top 5 this week included announcements from the chemistry, construction and financial crime and compliance 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 July 3-July 9