Last year was monumental to the American and beyond the AI industry.
According to counts at TechCrunch, there were 49 startups raising more than $100 million in 2024. Three companies raised multiple “mega rounds,” while seven companies raised more than $1 billion rounds.
How will 2025 compare? It’s still the first half of the year, but so far, the momentum in 2024 seems to continue this year. There have already been a multi-billion dollar round this year, with more AI mega rounds closed in the US in the first quarter of 2025 and more AI mega rounds closed in the first quarter of 2024.
Here are all the US AI companies that raised $100 million this year:
June
Enterprise search startup GLEAN continues to rave reviews with cash. The company announced its $150 million Series F round on June 10th. This is led by Wellington Management, with participation from Sequoia, Lightspeed Venture Partners and Kleiner Perkins. Glean is currently valued at $7.25 billion. Anysphere, the AI lab behind the AI coding tool cursor, has raised a substantial $900 million Series C round valued the company at nearly $10 billion. The round was led by Thrive Capital with participation from Andreessen Horowitz, Accel and DST Global.
May
AI data labeling startup Snorkel AI announced its $100 million Series D round on May 29th, valued at $1.3 billion. The round was added with participation from Prosperity7 Ventures, Lightspeed Venture Partners and GreyLock. Lmarena, a popular community-driven benchmarking tool for AI models, has raised a $100 million seed round valued at $600 million. The round was announced on May 21st and was co-led by Andreessen Horowitz and UC Investments. Lightspeed Venture Partners, Kleiner Perkins and Felicis also participated. Tensorwave, a Las Vegas-based AI infrastructure company, announced its $100 million Series A round on May 14th. The round was co-led by Magnetar Capital and AMD Ventures, and was joined by Prosperity7 Ventures, Nexus Venture Partners and Maverick Silicon.
April
Sandboxaq closed its $450 million Series E round on April 4, valueating the AI model company at $5.7 billion. The round included Ray Dalio, founder of Nvidia, Google and Bridgewater Associates, among other investors. Runway, which creates an AI model for media production, raised the $308 million Series D round, which was announced on April 3rd, valued at $3 billion. It was led by the Atlantic General. SoftBank, Nvidia and Fidelity also participated.
march
AI Behemoth Openai has raised a record-breaking $40 billion funding round valued the startup at $300 billion. The round, which was closed on March 31, was led by SoftBank, with participation from Thrive Capital, Microsoft, Coatue and others. On March 25th, AI infrastructure company Nextop AI announced that it had raised a Series A round led by Lightspeed Venture Partners. The $110 million round also included Kleiner Perkins, Battery Ventures and Emergent Ventures. Cambridge-Massachusetts-based Insilico Medicine has raised $110 million from its generator-powered, AI-powered drug discovery platform announced on March 13th. The Series E round valued the company at $1 billion and was co-led by Value Partners and Pudong Chuangtou. AI Infrastructure Company’s Celestial AI has raised a $250 million Series C round valued at $2.5 billion. The March 11th round was led by Fidelity, which includes Tiger Global, BlackRock and Intel CEO Lip-Bu Tan. Lila Sciences has collected $200 million seed rounds as they are about to create a Science Superintelligence Platform. The round was led by flagship pioneers. The Cambridge, Massachusetts-based company received funding, among other things, from the capital, the general catalyst, and the Ark Venture Fund in March. Brooklyn-based Reflection.ai raised a $130 million Series A round that treasured the company a year ago for $580 million, just as it was trying to build a close autonomous system. The round was led by Lightspeed Venture Partners and CRV. AI coding startup Turing closed its Series E round on March 7th and partnered with LLM companies to cherish $2.2 billion. The $111 million round was led by Kazana Nacional, with participation from Westbridge Capital, Gaingels and Sozoventure, among others. Shield AI, a startup in AI defense technology, raised $240 million in the Series F round, which closed on March 6th. The round was co-led by L3Harris Technologies and Hanwha Aerospace, with participation from Andreessen Horowitz and the US Fund for Innovation and Technology. The round raised $3.5 billion in the Series E round, which values startups at $61.5 billion, with humanity, a large language model company with $5.3 billion. The round was announced on March 3rd and was led by Lightspeed with participation from Salesforce Ventures, Menlo Ventures, General Catalyst and others.
February
The combined open source generation AI and AI creating AI model development infrastructure raised a $305 million Series B round valued at $3.3 billion. The February 20th round was co-led by Prosperity7 and General Catalyst, along with participation from Salesforce Ventures, Nvidia, Lux Capital and others. AI infrastructure company Lambda has collected the $480 million Series D round announced on February 19th. The round valued the startup at nearly $2.5 billion, co-led by SGW and Andra Capital. Nvidia, G Squared, Ark Invest and others also participated. Abridge, an AI platform that transcriptions of patient clinician conversations, was valued at $2.755 billion in the Series D round announced on February 17th. The $250 million was jointly led by IVP and Elad Gil. Lightspeed, Redpoint and Spark Capital also participated. AI legal technology company Eudia has raised $105 million in the Series A round led by General Catalyst. Floodgate, Defy Ventures, and Everywhere Ventures also took part in the round, along with other VC companies and numerous angel investors. The round was closed on February 13th. AI hardware startup AI raised a $100 million Series B round that was closed on February 13th. The Santa Clara-based business was founded in 2022. AI legal technology company Harvey has collected a $300 million Series D round that valued the company three years ago at $3 billion. The round was led by Sequoia and was announced on February 12th. OpenaiStartupFund, Kleiner Perkins, Elad Gil and others also participated in Rais.
January
Synthetic Voice startup ElevenLabs raised a $180 million Series C round and valued the company over $3 billion. It was announced on January 30th. The round was co-led by Iconiq Growth and Andreessen Horowitz. Sequoia, NEA, Salesforce Ventures and others also participated in the round. Hippocratic AI, which develops large-scale language models for the healthcare industry, announced its $141 million Series B round on January 9th. The round was valued at over $1.6 billion and was led by Kleiner Perkins. Andreessen Horowitz, Nvidia and General Catalyst also participated.
The film was updated on April 23rd and June 18th, with more deals included.
This work was updated to remove Appridge being based in Pittsburgh. The company was established there.
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