In 2024, the venture capital landscape was dominated by artificial intelligence, with several startups securing massive funding rounds. Databricks led the pack with a $10 billion raise, valuing the company at $62 billion. OpenAI followed with a $6.6 billion round, reaching a valuation of $157 billion. Elon Musk's xAI secured two $6 billion rounds, bringing its valuation to $50 billion. Other notable deals included Waymo's $5.6 billion raise from Alphabet, Anthropic's $4 billion investment from Amazon, and significant rounds for Anduril Industries, G42, CoreWeave, and Wayve, each raising over $1 billion.
Additionally, four AI startups—Moonshot AI, Safe Superintelligence, Scale AI, and Xaira Therapeutics—each raised $1 billion rounds. These substantial investments highlight the continued investor interest and confidence in AI technologies and their potential impact across various industries.
Key takeaways:
Databricks raised the largest venture capital round of 2024, securing $10 billion at a $62 billion valuation.
OpenAI raised $6.6 billion, making it one of the most valuable private companies globally with a $157 billion valuation.
xAI, Elon Musk's generative AI startup, raised two $6 billion rounds in 2024, reaching a $50 billion valuation.
Waymo, an autonomous vehicle company, raised $5.6 billion from Alphabet, marking its first raise since 2021.
