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AI Funding — May 2024: $10.2B across 53 rounds

In May 2024, we tracked 53 AI funding rounds totalling $10.2B in disclosed capital. The largest round was xAI's $6B Series B, followed by CoreWeave ($1.1B) and Wayve ($1.05B). The most active sector was Healthcare AI with 12 rounds. The median seed round was $5M.

“AI startups raised $10.2B across 53 disclosed rounds in May 2024, according to the AI News Today AI Funding Tracker.”Ready to quote
Pre-seedPre-seed: 99SeedSeed: 2525Series ASeries A: 99Series BSeries B: 22Series CSeries C: 44Series D+Series D+: 22GrowthGrowth: 22
Healthcare AIHealthcare AI: 1212Data & analyticsData & analytics: 66AI applicationsAI applications: 55FintechFintech: 44Developer toolsDeveloper tools: 44Model labsModel labs: 44Security AISecurity AI: 33Enterprise softwareEnterprise software: 33
DateCompanyStageAmountLead investorsCountrySectorSrc
2024-05-27xAIdevelop advanced AI systemsSeries B$6Bexisting investorsModel labs5 src
2024-05-02CoreWeavecloud services designed specifically for artificial intelligenceSeries C$1.1BCoatueAI infrastructure1 src
2024-05-07WayveEmbodied AI solutions for autonomous vehiclesSeries C$1.05BSoftBank GroupUnited KingdomAutonomous vehicles1 src
2024-05-21Scale AIdata-labeling services for training machine learning modelsSeries D+$1BAccelData & analytics1 src
2024-05-21Hfrontier action models to boost worker productivitySeed$220MFranceModel labs5 src
2024-05-16Sigmacloud analytics solution built natively for cloud scaleSeries D+$200MSpark Capital, Avenir Growth CapitalUnited StatesData & analytics1 src
2024-05-09AtlanAI startup building the control plane for data and AI stackSeries C$105MGIC, Meritech CapitalSingaporeData & analytics3 src
2024-05-15DEEPXAI semiconductor technology startupSeries C$80.5MSkyLake Equity PartnersSouth KoreaChips & hardware4 src
2024-05-14SmarterDxSpecializes in clinical AI for revenue integrity and care qualityGrowth$50MTransformation CapitalUnited StatesHealthcare AI1 src
2024-05-14Rad AIHelps radiologists save time on report generationGrowth$50MKhosla VenturesUnited StatesHealthcare AI1 src
DateCompanyStageAmountLead investorsCountrySectorSrc
2024-05-31Kintsugi AItax automation platformSeries A$6MLink Ventures, Venture Highway, KyberKnight, Plug and Play, DeVCFintech1 src
2024-05-31HoundDog.aiAI-powered code scanner for data security and privacySeed$3.1MUnited StatesSecurity AI2 src
2024-05-30PlenfulAI workflow automation platform for pharmacy operationsSeries A$17MTQ VenturesUnited StatesHealthcare AI1 src
2024-05-30DuckyAI-powered support platformPre-seed$2.7MPenny Jar CapitalUnited StatesEnterprise software1 src
2024-05-30ZendataAI governance and data privacy solutions providerSeed$2MPayPal Ventures, First-hand Alliance, Geek Ventures, Altari VenturesSecurity AI1 src
2024-05-30Leaf AI LtdDigital companion for the social care sectorPre-seedUndisclosedSFC CapitalUnited KingdomHealthcare AI1 src
2024-05-29AbleCreditAI credit underwriting companySeed$1.3MMerak VenturesFintech1 src
2024-05-29Inspeq AIResponsible AI development platformsPre-seed$1.1MSure Valley VenturesIrelandDeveloper tools2 src
2024-05-27xAIdevelop advanced AI systemsSeries B$6Bexisting investorsModel labs5 src
2024-05-25FLock.ioa decentralized AI training platformSeed$6MLightspeed Faction, Tagus CapitalUnited KingdomAI infrastructure1 src
2024-05-24Flair AIAI product photoshoots for e-commerceSeed$5MUnited StatesMedia & creative1 src
2024-05-23Videra HealthAI-driven mental health assessment platformSeed$5.6MPeterson VenturesUnited StatesHealthcare AI1 src
2024-05-23ThinkLabs AI, Inc.developing technology to help enhance grid planningSeed$5MPowerhouse Ventures, Active Impact InvestmentsAI applications4 src
2024-05-23QA.techAI-based testing tool for applications and SaaS servicesSeedUndisclosedPROfoundersSwedenDeveloper tools1 src
2024-05-22SuperlegalAI contract review platform for SMBsSeed$5MAleph, Disruptive AI fundIsraelLegal AI1 src
2024-05-21Scale AIdata-labeling services for training machine learning modelsSeries D+$1BAccelData & analytics1 src
2024-05-21Hfrontier action models to boost worker productivitySeed$220MFranceModel labs5 src
2024-05-21Recall.aideveloper infrastructure for meeting data accessSeries A$10MRidge VenturesUnited StatesDeveloper tools2 src
2024-05-21RaiderChip Sl.AI processor IP licensing startupSeedUndisclosedSpainChips & hardware1 src
2024-05-21ZETIC.aiB2B AI service startupSeedUndisclosedAI applications1 src
2024-05-20Overland AIoff-road ground vehicle autonomy for defenseSeed$10MPoint72 VenturesUnited StatesRobotics2 src
2024-05-17LeyaAI-powered legal assistantSeed$10.5MBenchmark’s Chetan PuttaguntaSwedenLegal AI1 src
2024-05-17KudosAI-powered smart walletSeries A$10.2MQED InvestorsUnited StatesFintech1 src
2024-05-17Angel AIparent-designed AI platform for children aged 5 to 12Seed$4.8MCortical VenturesUnited StatesAI applications3 src
2024-05-16Sigmacloud analytics solution built natively for cloud scaleSeries D+$200MSpark Capital, Avenir Growth CapitalUnited StatesData & analytics1 src
2024-05-16Voxel51visual AI software and data toolsSeries B$30MBessemer Venture PartnersUnited StatesDeveloper tools1 src
2024-05-15DEEPXAI semiconductor technology startupSeries C$80.5MSkyLake Equity PartnersSouth KoreaChips & hardware4 src
2024-05-15Highperformr.aimarketing SaaS platformSeed$3.5MVenture Highway, Neon, DeVCUnited StatesMedia & creative1 src
2024-05-15HexafarmsAI-driven greenhouse optimizationPre-seedUndisclosedSpeedinvestAgtech1 src
2024-05-15Malted AIbuild smaller, more focused AI modelsSeedUndisclosedHoxton VenturesUnited KingdomModel labs1 src
2024-05-14SmarterDxSpecializes in clinical AI for revenue integrity and care qualityGrowth$50MTransformation CapitalUnited StatesHealthcare AI1 src
2024-05-14Rad AIHelps radiologists save time on report generationGrowth$50MKhosla VenturesUnited StatesHealthcare AI1 src
2024-05-14TriomicsUses GenAi to streamline workflows for cancer centersSeed$15MY CombinatorUnited StatesHealthcare AI1 src
2024-05-14Lucid Botsproduces robots for commercial cleaningSeries A$9.1MCubit CaptialUnited StatesRobotics1 src
2024-05-14In-House HealthDeveloper of an AI-enabled scheduling platform for nursing teamsSeed$4MNew Enterprise Associates, TMVUnited StatesHealthcare AI2 src
2024-05-14Crosby HealthHealthtech company using proprietary AI to automate administrative tasksSeed$2.2MAmplo VenturesUnited StatesHealthcare AI1 src
2024-05-13AerialAI-empowered platform that structures business dataPre-seed$2MFUSEUnited StatesData & analytics1 src
2024-05-09AtlanAI startup building the control plane for data and AI stackSeries C$105MGIC, Meritech CapitalSingaporeData & analytics3 src
2024-05-09AlteraAI startup building artificial intelligence softwareSeed$9MPatron, First Spark VenturesModel labs1 src
2024-05-09Fairgengenerates accurate AI responses to surveysSeed$8MMaverick Ventures IsraelIsraelData & analytics1 src
2024-05-08Datology AIautomates training data selection and optimizationSeries A$50MFelicisData & analytics1 src
2024-05-08ChangeEngineInternal marketing and people design platformSeries A$10MThreshold VenturesUnited StatesEnterprise software2 src
2024-05-08PanaxAI-driven cash flow management platformSeries A$10MTeam8IsraelFintech2 src
2024-05-08NumericAI-powered accounting automation companySeed$10MUnited StatesEnterprise software1 src
2024-05-08HexisAI-powered personalized sports nutrition appPre-seed$2MApex Capital, Sport RepublicHealthcare AI1 src
2024-05-08CheckfirstAI-powered workflow tools for remote inspections and auditsPre-seed$1.5MOlisipo Way, Hiero VCPortugalAI applications6 src
2024-05-07WayveEmbodied AI solutions for autonomous vehiclesSeries C$1.05BSoftBank GroupUnited KingdomAutonomous vehicles1 src
2024-05-07Opmed.aiAI optimization platform for healthcare operationsSeries A$15MNFX, Grove VenturesUnited StatesHealthcare AI2 src
2024-05-07Mavarick AIplatform to help manufacturers become more sustainablePre-seedUndisclosedAct VCIrelandAI applications1 src
2024-05-05Yoneda Labsaiding drug discoverySeed$4MKhosla VenturesUnited StatesHealthcare AI1 src
2024-05-03AISAPAI-powered Point Of Care Assisted Diagnosis for ultrasoundSeed$13MHarel Insurance Investments & Financial Services Ltd., Shoni Top Ventures, L.P.IsraelHealthcare AI2 src
2024-05-03Bricklayer AI Inc.AI cybersecurity solution for autonomous AI specialistsPre-seed$2.5MUnited StatesSecurity AI3 src
2024-05-02CoreWeavecloud services designed specifically for artificial intelligenceSeries C$1.1BCoatueAI infrastructure1 src
April 2024June 2024