Discover the 39 U.S. AI Startups That Have Secured Over $100M in Funding in 2024

For many, the phenomenon of AI fatigue is palpable. However, venture investors are clearly still enthusiastic about the AI sector. During the third quarter, venture funding for AI companies surged, with a remarkable $18.9 billion raised, accounting for 28% of all venture capital funding, as reported by Crunchbase.

The third quarter also witnessed the closing of the largest venture deal ever: OpenAI secured an astonishing $6.6 billion, marking one of six AI funding rounds exceeding $1 billion this year. Below are the U.S.-based AI companies that have raised $100 million or more in 2024 so far:

October

- EvenUp: The AI-driven legaltech firm raised $135 million in a Series D round, led by Bain Capital Ventures, valued at $1 billion as of October 8.

- KoBold Metals: Based in Berkeley, this company secured $491.5 million in a recent venture round, previously backed by prominent VCs like Bond and Andreessen Horowitz.

- Poolside: This AI-powered software development platform closed a $500 million Series B round on October 2, raising its valuation to $3 billion, with Bain Capital Ventures leading alongside Redpoint and Nvidia.

- OpenAI: The highly anticipated $6.6 billion venture round on October 2 valued the company at $157 billion, led by Thrive Capital with backing from Tiger Global and SoftBank.

September

- Glean: This enterprise search startup announced a $260 million Series E round on September 10, bringing its valuation to $4.5 billion, an impressive 87.5% increase since February.

- Safe Superintelligence: Founded by former OpenAI co-founder Ilya Sutskever, this AI research lab announced a $1 billion raise at a $4 billion valuation on September 4, with participation from Andreessen Horowitz and Sequoia.

August

- Magic: On August 29, the AI coding startup raised $320 million in a Series C round, backed by CapitalG and Sequoia. This followed a previous raise of $117 million in February.

- Codeium: An AI-powered coding platform, Codeium raised $150 million in a Series C round on August 29, receiving support from General Catalyst and Kleiner Perkins.

- DevRev: This company focuses on AI support agents and attained a $1.1 billion valuation after a $100 million Series A round featuring investors like Khosla Ventures.

- Abnormal Security: The San Francisco-based firm raised $250 million for its AI-driven email security platform, valuing the company at over $5 billion.

July

- World Labs: A startup founded by AI researcher Fei-Fei Li, World Labs raised $100 million in July and is already valued at over $1 billion, focusing on AI models for 3D object estimation.

- Harvey: This legal tech company announced a $100 million Series C round on July 23, led by Google Ventures, valuing the company at $1.5 billion.

- Hebbia: Closed on July 8 with a $130 million round led by Andreessen Horowitz, this generative AI startup achieved a $700 million valuation.

- Skild AI: This Pittsburgh-based company raised $300 million in a Series A round, led by Lightspeed Venture Partners, reaching a valuation of $1.5 billion.

This article was originally published on July 13, 2024, with updates made on September 9, 2024, and October 11, 2024, to include additional funding round information. Adjustments have also been made to reflect Glean’s current valuation.