As the holiday season begins, several firms have announced large rounds of financing. Of course, it was run by two well-known AI startups – including: xAIwhich had its second huge money inflow in just six months.
1. xAI$5 billion, artificial intelligence: Generative artificial intelligence startup xAI raised $5 billion in funding round, valuing it at $50 billion, Wall Street Journal reported. The latest round includes investments from Qatar Investment Authority, Valor Equity Partners, Andreessen Horowitz AND Capital of Sequoia. It was just in May Elon Muskthe startup has officially announced its long-awaited fundraising, making it the second most beneficial generative AI company in the world, behind its only competitor OpenAI. The $6 billion round valued the company at $24 billion after the money was provided.
2. Anthropic$4 billion, artificial intelligence: Amazon has agreed to speculate one other $4 billion in AI startup Anthropic — a ChatGPT compete with your AI assistant Claude. Last fall, Amazon agreed to speculate as much as $4 billion in Anthropic, giving the Seattle-based e-commerce and cloud services titan a minority stake in Anthropic. The direct investment was $1.25 billion, with the remaining $2.75 billion coming earlier this yr. This agreement included anthropic nomenclature Amazon Online Services its primary cloud provider, and uses AWS Trainium and Inferentia chips to build, train, and deploy its models. This latest investment means Amazon will invest $8 billion in Anthropic while retaining its minority stake in the startup, Anthropic says. blog.
3. Logical MonitorUSD 800 million, IT management: LogicMonitor, which provides IT surveillance and monitoring, raised $800 million in latest equity and debt from a consortium of investors consisting of PSG shares, The capital of Golub and others. The contract is a part of it Vista Capital Partners sale of a minority stake in the company, whose value is currently estimated at roughly USD 2.4 billion. The IT infrastructure company will use the fresh money for merger and acquisition activities and entry into latest global markets. Vista acquired LogicMonitor in May 2018 for roughly $415 million.
4. White$300 million, cybersecurity: After raising $300 million in a Series C round led by Coat at a $1.4 billion valuation in April, data security startup Cyera closed one other $300 million, greater than double its previous valuation. The New York-based company announced a $300 million Series D round led by the company Speed up AND Sapphire ventures at a valuation of $3 billion. While Cyera is a cybersecurity company, it is actually riding the wave of artificial intelligence. The startup has an AI-powered data security platform that helps enterprise security teams understand what data they have, the way it is getting used, and find out how to keep it secure in a complex digital environment. Of course, the reliance on data has turn out to be even greater as firms implement artificial intelligence initiatives. Founded in 2021, Cyera has raised $760 million thus far, in response to the company.
5. CongoUSD 175 million, enterprise software: Cloud API technology developer Kong has closed $175 million in an exciting Series E round led by Global Tiger AND Balderton capital which valued the company at $2 billion. The round included primary and secondary deals, without specifying the exact amount of the primary investment. The funding comes at a time when firms are overwhelmed by more APIs as AI-based business applications expand. Founded in 2009, Kong raised $345 million for the San Francisco-based company.
6. Enveda BiosciencesUSD 130 million, biotechnology: It was only in June that Enveda Biosciences made the list for the first time after raising a $55 million round that included, among others: Microsoft as an investor. The Boulder, Colorado-based startup returns this week after raising a $130 million Series C funding round led by FPV ventures AND Kinnevik. The company uses artificial intelligence-based tools to discover a big selection of molecules produced by living organisms to create medicines. Founded in 2019, Enveda raised $360 million, via Crunchbase.
7. ArmsUSD 125 million, customer support: Artificial intelligence for contact centers is hot immediately, and Palo Alto, California-based Cresta is the latest startup to lift a ton of cash. The company closed a $125 million Series D round led by latest investors Qatar Investment Authority AND Global Innovation Laboratory. The Cresta platform provides customers with real-time insights and behavioral best practices to assist human agents, while also automating mundane tasks with virtual agents. Founded in 2017, Cresta claims to have raised over $270 million.
8. Enfactory$115 million, semiconductors: Running the AI network chip Enfactory raised $115 million in Series C led by Spark capital as the latest chip approaches its launch early next yr. The round comes just 14 months after the Mountain View, California-based company closed a $125 million Series B led by Atreides Board which also included investments from Nvidia. The latest Series C investors include some of the biggest names in the chip world: Holding arms AND Cisco investments. Enfabrica also announced its latest “breakthrough” ACF SuperNIC. The startup’s network infrastructure helps connect AI chips together, enabling the consistent flow of information needed for modern AI workloads.
9. 1st volleyball league$100 million, sports: Los Angeles-based League One Volleyball, which is set to launch a skilled volleyball league early next yr, raised $100 million in a deal led by Atwater Capital. Founded in 2019, the company has raised $160 million, via Crunchbase.
10. Ghost cloudUSD 75 million, enterprise software: San Jose, California-based Spectro Cloud, which enables customers to deploy and manage Kubernetes in production, has accomplished $75 million in Series C financing led by its development capital arm at Goldman Sachs Alternatives. Founded in 2019, the company has raised $143 million, via Crunchbase.
Great global offers
The biggest out-of-state round got here from across the pond.
- Based in London Lighthousea industrial platform for the tourism and hospitality industry, raised $370 million in Series C funding.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were reported by US-based firms over a seven-day period from November 16-22. Although most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.