The artificial intelligence (AI) industry experienced a remarkable year in 2024, with 49 startups raising funding rounds worth $100 million or more, according to TechCrunch. As we venture into 2025, the momentum from the previous year appears to be carrying forward, with several billion-dollar rounds already secured.
Glean, an enterprise search startup, announced a $150 million Series F round on June 10, led by Wellington Management and other prominent investors, valuing the company at $7.25 billion. Anysphere, the AI research lab behind the coding tool Cursor, raised a staggering $900 million Series C round, placing the company's valuation at nearly $10 billion.
Snorkel AI, an AI data labeling startup, announced a $100 million Series D round, valuing the company at $1.3 billion. LMArena, a community-driven benchmarking tool for AI models, raised a $100 million seed round, valuing the startup at $600 million. TensorWave, an AI infrastructure company based in Las Vegas, announced a $100 million Series A round.
SandboxAQ closed a $450 million Series E round, valuing the AI model company at $5.7 billion. Runway, which creates AI models for media production, raised a $308 million Series D round, valuing the company at $3 billion. OpenAI, an AI behemoth, raised a record-breaking $40 billion funding round, valuing the startup at $300 billion.
Nexthop AI, an AI infrastructure company, announced that it had raised a $110 million Series A round. Insilico Medicine raised $110 million for its generative AI-powered drug discovery platform, valuing the company at $1 billion. Celestial AI raised a $250 million Series C round, valuing the company at $2.5 billion.
Lila Sciences raised a $200 million seed round as it looks to create a science superintelligence platform. Reflection.Ai, which looks to build superintelligent autonomous systems, raised a $130 million Series A round, valuing the 1-year-old company at $580 million. Turing, an AI coding startup, closed a Series E round, valuting the startup at $2.2 billion.
Shield AI, an AI defense tech startup, raised $240 million in a Series F round, valuing the company at $5.3 billion. Anthropic, an AI research and large language model company, raised $3.5 billion in a Series E round, valuing the startup at $61.5 billion. Together AI, which creates open-source generative AI and AI model development infrastructure, raised a $305 million Series B round, valuing the company at $3.3 billion.
Lambda, an AI infrastructure company, raised a $480 million Series D round, valuing the startup at nearly $2.5 billion. Abridge, an AI platform that transcribes patient-clinician conversations, was valued at $2.75 billion in a Series D round. Eudia, an AI legal tech company, raised $105 million in a Series A round. EnCharge AI, an AI hardware startup, raised a $100 million Series B round.
Harvey, an AI legal tech company, raised a $300 million Series D round, valuing the 3-year-old company at $3 billion. ElevenLabs, a synthetic voice startup, raised a $180 million Series C round, valuing the company at more than $3 billion. Hippocratic AI, which develops large language models for the healthcare industry, announced a $141 million Series B round, valuing the company at more than $1.6 billion.
As the AI industry continues to soar, these funding rounds highlight the significant growth and potential of AI startups. With continued investment and innovation, the future of AI looks brighter than ever.