The article also highlights some significant global deals, with London-based self-driving car startup Wayve raising $1.05 billion in a SoftBank-led round. The data was sourced from the Crunchbase database, which tracks the largest funding rounds raised by U.S.-based companies.
Key takeaways:
- Elon Musk's AI startup, xAI, raised the highest funding of $6 billion in May, making it the second-most-valuable generative AI company in the world.
- AI cloud infrastructure startup CoreWeave secured a $1.1 billion round, valuing the company at $19 billion.
- Cloud security startup Wiz raised $1 billion at a $12 billion valuation, marking the biggest cybersecurity round of the year so far.
- Hyundai invested $475 million into Boston-based self-driving startup Motional, also buying 11% of joint venture partner Aptiv’s equity stake in the company for another $448 million.