While AI fatigue is a reality for some, venture capital investors have shown no signs of slowing down when it comes to pouring money into artificial intelligence startups. New data shows over $35 billion was invested globally into AI companies in the first half of 2024 alone. An incredible five of the six venture rounds raising over $1 billion during this period went to AI firms. Since late June, another 10 companies in the sector have pulled in mega-rounds totaling more than $3 billion.
This article provides an overview of the impressive list of 28 US-based AI startups that have attracted individual fundraises of at least $100 million so far this year. Several, such as Safe Superintelligence and xAI, captured valuation-setting rounds of billions. The funding highlights how sectors like robotics, drug discovery, cybersecurity and more continue to be transformed by advanced applications of AI and machine learning.
Some of the highlights include Magic raising over $300 million for its AI coding platform in August. Skild AI also had a monster $300 million series A round to further its robotic technologies. Additional large rounds went to AI safety startup Safe Superintelligence, data security provider Cyera and healthcare tech players Akasa and Abridge. Established names like AlphaSense, Bright Machines and Figure also added hundreds of millions more to their coffers.
With deep-pocketed investors still eagerly pouring massive amounts of capital into AI innovations, it’s clear the technology’s potential remains rich for exploration. Companies addressing crucial needs in healthcare, business operations and more will likely stay well-funded in their aim to change industries with advanced AI solutions. For users and customers, that should mean experiencing emerging technologies that make their work and lives more productive and impactful.
