AI funding rounds in May 2024: 12 rounds
- xAI raises $6B Series B, . AI models. Develops the Grok AI models and assistant and runs large GPU training clusters.
- Patronus AI raises $17M Series A, . AI infrastructure. Led by Notable Capital. Patronus AI builds evaluation tools and simulated environments for testing and training AI models and agents.
- Scale AI raises $1B Series F, . Data infrastructure. Led by Accel. Scale AI provides training data, data labeling and evaluation services for AI model builders and government customers.
- Suno raises $125M, . AI models. Led by Lightspeed Venture Partners. Suno builds an AI music creation app that generates full songs from text prompts.
- Sigma Computing raises $200M Series D, . Analytics. Led by Spark Capital, Avenir Growth Capital. Sigma Computing offers a spreadsheet style business intelligence tool that queries cloud data warehouses directly.
- Vercel raises $250M Series E, . Developer tools. Vercel runs a cloud platform for deploying and hosting web apps and AI features, and makes the Next.js framework and v0.
- PolyAI raises $50M Series C, . AI apps. Led by Hedosophia, NVentures, Zendesk. PolyAI builds AI voice agents that handle customer service phone calls for enterprises.
- Harness raises $150M Debt, . Developer tools. Harness offers an AI powered software delivery platform covering CI/CD, testing, security and cloud cost management.
- Runpod raises $20M Seed, . AI infrastructure. Led by Intel Capital, Dell Technologies Capital. Runpod is a GPU cloud where developers rent compute and run serverless AI inference and training jobs.
- Atlan raises $105M Series C, . Data infrastructure. Led by GIC, Meritech Capital. Atlan offers a metadata platform for data and AI governance, cataloging and collaboration across a company's data assets.
- Wayve raises $1.1B Series C, . Robotics. Led by SoftBank Group. Wayve builds end to end embodied AI driving software for automakers and robotaxi fleets.
- Aikido Security raises $17M Series A, . Security. Led by Singular. Aikido Security offers a developer-focused platform that unifies code, cloud and runtime security scanning.