AI funding rounds in December 2024: 10 rounds
- xAI raises $6B Series C, . AI models. Develops the Grok AI models and assistant and runs large GPU training clusters.
- Perplexity raises $500M Growth, . AI apps. Led by Institutional Venture Partners. Perplexity runs an AI answer engine that searches the web and returns cited answers.
- Databricks raises $10B Growth, . Data infrastructure. Led by Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners, WCM Investment Management. Databricks runs a cloud data and AI platform built around the lakehouse for analytics, data engineering and AI apps.
- TwelveLabs raises $30M Strategic, . AI models. TwelveLabs builds multimodal foundation models that understand, search and describe video content.
- Cartesia raises $27M Seed, . AI models. Led by Index Ventures. Cartesia builds real-time voice AI models, including low-latency text to speech, based on state space model research.
- Speak raises $78M Series C, . AI apps. Led by Accel. Speak makes an AI language tutor app that teaches people to speak a new language through spoken conversation practice.
- Cohesity raises a Series H round, . Security. Led by Haveli Investments. Cohesity sells AI-powered data protection, backup and data security software for enterprises.
- Nscale raises $155M Series A, . AI infrastructure. Led by Sandton Capital Partners. Nscale builds and operates AI data centers and a GPU cloud across Europe and North America.
- HappyRobot raises $16M Series A, . AI apps. Led by Andreessen Horowitz. HappyRobot builds AI voice and agent workers that automate communication and operations for logistics and industrial companies.
- Upwind raises $100M Series A, . Security. Upwind offers a runtime-first cloud security platform that detects and prioritizes exploitable risks in cloud workloads.