"Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one "mega-round," and seven companies raised rounds that were $1 billion in size or larger. How will 2025 compare? With only a few weeks left in the third quarter, it looks like 2024's momentum will continue this year. There have already been multiple billion-dollar rounds this year,"
"Generative media platform Fal raised a $125 million Series C round led by Meritech Capital Partners. The company announced the round, which values Fal at $1.5 billion, on July 31. Five-year-old Ambience Healthcare, which is building an AI healthcare operating system, raised a $243 million Series C round that was led by Oak HC/FT and Andreessen Horowitz. Kleiner Perkins, OpenAI Startup Fund, Smash Capital, and others also participated in the round."
Forty-nine startups raised funding rounds worth $100 million or more in 2024. Three companies raised more than one mega-round, and seven companies raised rounds of $1 billion or larger. With only a few weeks left in Q3 2025, momentum continued with multiple billion-dollar rounds and repeat mega-rounds. EliseAI raised $250 million in a Series E at a $2.2 billion valuation, led by Andreessen Horowitz. Decart raised $100 million at a $3.1 billion valuation with participation from Sequoia, Benchmark, and Zeev Ventures. Fal raised $125 million at a $1.5 billion valuation. Ambience Healthcare raised $243 million. Reka AI raised $110 million at a $1 billion valuation. Thinking Machines Lab raised $2 billion seed led by Andreessen Horowitz with Nvidia, Accel, and AMD participation.
Read at TechCrunch
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