Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

The Week’s 10 Biggest Funding Rounds: Xaira And Other AI Startups Have Huge Week

Apr 27, 2024 - news.crunchbase.com
This article discusses the top 10 startup funding deals in the U.S. for the week of April 20 to 26, 2024. The largest deal was secured by Xaira Therapeutics, a biotech firm that uses AI models to find new drugs, which raised $1 billion from investors including Arch Venture Partners and Foresite Capital. Other significant deals include Augment, an AI coding assistance startup, which raised $227 million, and HR startup Rippling, which secured $200 million, valuing the company at $13.5 billion.

The article also mentions other startups that secured funding, including Cognition, Endeavor BioMedicines, ThreatLocker, Lumeris, Perplexity AI, Midi Health, and Givebutter. The sectors that saw the most activity were biotech, artificial intelligence, and healthcare. The article also notes that there were no significant funding rounds outside the U.S. during this period.

Key takeaways:

  • The largest startup funding deal of the week was secured by Xaira Therapeutics, which came out of stealth and announced it had secured more than $1 billion of committed capital from lead investors Arch Venture Partners and Foresite Capital.
  • AI coding assistance startup Augment emerged from stealth and secured a $227 million Series B round at a $977 million post-money valuation.
  • HR startup Rippling wrapped up a $200 million round that valued the San Francisco-based startup at $13.5 billion.
  • San Francisco-based Cognition, which has developed an artificial intelligence–powered coding assistant, secured a $175 million investment led by Founders Fund at a $2 billion valuation.
View Full Article

Comments (0)

Be the first to comment!