2024 marks a new stage of development in the artificial intelligence industry. According to statistics from TechCrunch, a total of 49 startups successfully received more than US$100 million in financing this year, and seven of them even exceeded the US$1 billion mark, and three companies even achieved multiple rounds of "huge financing". This series of data fully demonstrates the capital market's high attention and continuous investment in the field of artificial intelligence.
As 2025 begins, the financing boom in the artificial intelligence industry remains unabated. Although the year just started, nearly ten AI companies in the United States have received more than $100 million in financing, and one of them has exceeded $1 billion. This trend shows that artificial intelligence technology is accelerating the commercialization process and the capital market's confidence in this field continues to increase. Here are the details of the US AI companies that have received over $100 million in financing so far in 2025:
In March, Anthropic, an artificial intelligence research and large language modeling company, completed a $3.5 billion Series E funding round, with a valuation of $61.5 billion. The round of financing was led by Lightspeed, with well-known investment institutions such as Salesforce Ventures, Menlo Ventures and General Catalyst. This huge financing not only breaks the financing record in the AI field, but also demonstrates the market's high expectations for large-scale language model technologies.
In February, Together AI, an open source generative AI and model development infrastructure company, received a $305 million Series B financing, with a company valuation of $3.3 billion. This round of financing was led by Prosperity7 and General Catalyst, with Salesforce Ventures, Nvidia, Lux Capital and other institutions participating. This funding will be used to accelerate the company's technology research and development and market expansion in the field of generative AI.
Also in February, AI infrastructure company Lambda completed a $480 million Series D financing, with the company's valuation approaching $2.5 billion. This round of financing was led by SGW and Andra Capital, with Nvidia, G Squared, ARK Invest and other institutions participating. The funding will be used to expand the company's AI infrastructure service capabilities to meet growing market demand.
Pittsburgh medical AI platform Abridge received a $250 million Series D financing in February, with the company's valuation reaching $2.75 billion. The round of financing was led by IVP and Elad Gil, with Lightspeed, Redpoint and Spark Capital participating. The funding will be used to accelerate the company's technological innovation and marketing in the field of medical AI.
AI legal technology company Eudia completed a $105 million Series A funding round in February, led by General Catalyst, with Floodgate, Defy Ventures and Everywhere Ventures participating. The funding will be used to expand the company's product line and service capabilities in the field of legal technology.
AI hardware startup EnCharge AI received a $100 million Series B round in February, led by Tiger Global, with organizations such as Scout Ventures, Samsung Ventures and RTX Ventures. The funding will be used to accelerate the company's technological research and development and product innovation in the field of AI hardware.
Another AI legal technology company, Harvey, raised $300 million in Series D financing in February, with a valuation of $3 billion. This round of financing was led by Sequoia Capital, with participation from OpenAI Startup Fund, Kleiner Perkins, Elad Gil and other institutions. The funding will be used to expand the company's product line and service capabilities in the field of legal technology.
In January, synthetic voice startup ElevenLabs received a $180 million Series C funding round, with a valuation of more than $3 billion. This round of financing was led by ICONIQ Growth and Andreessen Horowitz, with Sequoia, NEA, Salesforce Ventures and other institutions participating. The funds will be used to accelerate the company's technology research and development and market expansion in the field of synthetic voice.
Hippocratic AI, a large language model development company in the medical industry, completed a $141 million Series B financing in January, with a valuation of more than $1.6 billion. The round was led by Kleiner Perkins, with participation from institutions such as Andreessen Horowitz, Nvidia and General Catalyst. The funding will be used to accelerate the company's technological innovation and marketing in the field of medical AI.