Top AI Companies in the US with $100M+ Funding in 2024

Generated with sparks and insights from 72 sources

Introduction

In 2024, numerous AI companies in the US have secured significant funding rounds, with many raising over $100 million.
These companies span various sectors, including Healthcare, finance, robotics, and Data Analytics.
Key players include Hebbia, Skild AI, Bright Machines, Etched.ai, EvolutionaryScale, AKASA, AlphaSense, xAI, Scale AI, Suno, Weka, CoreWeave, Blaize, Augment, Cognition, Xaira Therapeutics, Cyera, Celestial AI, Avenzo Therapeutics, The Brandtech Group, Observe, Coro, FundGuard, and Lightshift Energy.
The funding rounds have been led by prominent venture capital firms and investors such as Andreessen Horowitz, Lightspeed Venture Partners, BlackRock, Primary Venture Partners, Lux Capital, and many others.
These investments reflect the growing confidence in AI technologies and their potential to drive innovation and economic growth.

Hebbia: Raised $130 million in July 2024, led by Andreessen Horowitz.
Skild AI: Secured $300 million in July 2024, led by Lightspeed Venture Partners.
Bright Machines: Closed a $106 million Series C round in June 2024, led by BlackRock.
Etched.ai: Raised $120 million in June 2024, led by Primary Venture Partners.
EvolutionaryScale: Secured $142 million in June 2024, led by Lux Capital.
AKASA: Raised $120 million in June 2024, led by Andreessen Horowitz.
AlphaSense: Closed a $650 million Series F round in June 2024, led by Viking Global Investors.
xAI: Raised $6 billion in May 2024, led by Sequoia and Valor Equity Partners.

Healthcare: Companies like AKASA and Xaira Therapeutics focus on healthcare applications.
Finance: AlphaSense and FundGuard are prominent in the financial sector.
Robotics: Skild AI and Bright Machines are key players in robotics.
Data Analytics: Hebbia and AlphaSense focus on data analytics.
Marketing: The Brandtech Group uses AI for marketing initiatives.
Cybersecurity: Coro focuses on AI-driven cybersecurity solutions.
Energy: Lightshift Energy leverages AI for energy storage solutions.

In the first half of 2024, more than $35.5 billion was invested into AI startups globally.
Five of the six venture rounds of more than $1 billion raised in the first half of 2024 were by AI companies.
U.S. startups raised nearly two-thirds (64%) of the mega-rounds in the first half of 2024.
The global AI market is valued at $196.63 billion in 2023, with a 37.3% CAGR through 2030.
AI startup funding reached $15.9 billion in the first quarter of 2023.
The U.S. holds over 50% of global AI startup funding for Q4 2023.

90% of AI startup projects fail to survive their first year of operation.
AI startups often struggle with resource mismanagement, lack of expertise, and scaling problems.
Despite high failure rates, AI startups continue to attract significant investment due to their potential for innovation.
Investors are increasingly focusing on AI technologies that drive business operations and technological advancements.
The high-risk, high-reward nature of AI startups sets a grand stage for potential transformation.
Future strategies and systems are expected to reduce the failure rate and enhance the sustainability of AI startups.