35 American AI Startups That Raised Over $100 Million in 2024

For some people, AI fatigue is real, but venture capital investors seem far from tired of this booming sector. In the first half of 2024 alone, AI startups worldwide raised more than $35.5 billion, according to Crunchbase. Out of the six largest venture capital rounds, five were secured by AI-focused companies. Since the end of June, another 10 mega-deals have been finalized, securing an additional $3 billion for AI companies, including $1 billion for a new venture co-founded by Ilya Sutskever, formerly of OpenAI.

Here are the top American AI companies that have raised $100 million or more in 2024.

September

• Safe Superintelligence: Founded by Ilya Sutskever and AI investor Daniel Gross, this research lab raised $1 billion at a valuation of $4 billion on September 4. Investors included Andreessen Horowitz, Sequoia, and DST Global.

August

• Magic: This AI coding startup from San Francisco raised $320 million in its second mega-round on August 29, following a $117 million Series B in February.
• Codeium: On August 29, the AI programming platform closed a $150 million Series C, led by General Catalyst, valuing the company at $1.2 billion.
• DevRev: This Silicon Valley startup, creating AI-powered support agents, raised $100 million in a Series A round, gaining a $1.1 billion valuation.
• Abnormal Security: The email security company from San Francisco secured $250 million, led by Wellington Management, at a valuation of over $5 billion.
• Groq: An AI chip startup raised $640 million in a Series D round on August 5, valuing it at over $3 billion.

July

• World Labs: AI expert Fei-Fei Li’s World Labs raised $100 million, reportedly valued at over $1 billion.
• Harvey: The legal tech startup raised $100 million in a Series C on July 23, led by Google Ventures.
• Hebbia: Andreessen Horowitz led a $130 million round for Hebbia, an AI search startup, valuing it at $700 million.
• Skild AI: On July 9, the AI robotics company raised $300 million at a valuation of $1.5 billion.

June

• Bright Machines: A $106 million Series C was closed by this AI-powered robotics startup, led by BlackRock.
• Etched.ai: The AI chip maker secured $120 million in a Series A round.
• EvolutionaryScale: Developing AI-based biological models for therapeutic design, this startup raised $142 million.
• AKASA: The healthcare AI automation platform raised $120 million in June.
• AlphaSense: The market analysis platform raised $650 million in a Series F round, valuing it at $4 billion.

May

• xAI: Founded by Elon Musk, this AI platform raised $6 billion in a Series B.
• Scale AI: A data labeling company raised $1 billion in a Series F round, valuing it at nearly $14 billion.
• Suno: An AI music creation platform raised $125 million in a Series B round.
• Weka: The data platform raised $140 million in a Series E round.
• CoreWeave: A GPU infrastructure provider raised $1.1 billion in a Series C, valuing it at $19 billion.

April

• Blaize: An AI computing platform raised $106 million in a Series D.
• Augment: The AI coding startup raised $227 million in a Series B round.
• Cognition: An applied AI lab secured $175 million in funding.
• Xaira Therapeutics: This AI-driven drug development startup raised $1 billion in a Series A.
• Cyera: The AI data security platform raised $300 million in a Series C round.

March

• Celestial AI: Developing AI and data center solutions, this startup raised $175 million in a Series C.
• FundGuard: An AI-based investment OS platform raised $100 million in a Series C round.
• Together AI: The AI infrastructure platform raised $106 million, valuing the company at $1.2 billion.
• Zephyr AI: The healthcare AI company raised $111 million in a Series A.

February

• Glean: This AI enterprise search platform raised $203 million in a Series D.
• Figure: The AI research startup raised $675 million in a Series B round.
• Abridge: An AI-powered medical transcription platform raised $150 million in a Series C.
• Recogni: The AI solutions provider raised $102 million in a Series C round.
• Lambda: The deep learning infrastructure company raised $320 million in a Series C round.
• Magic: The AI coding startup raised $117 million in a Series B round.

January

• Kore.ai: A conversational AI platform for enterprises raised $150 million in a Series D round.