Here’s the full list of 49 US AI startups that have raised $100M or more in 2024
Summary
Physical Intelligence, a startup developing foundational software for robots, founded by notable names including Sergey Levine and Lachy Groom, raised a Series A round on November 4 that values the company at more than $2 billion. The round was led by Lux Capital, former GitHub CEO Nat Friedman and Daniel Gross, an angel investor and former head of AI at Y Combinator. The San Francisco-based startup has collected $205 million in total funding and has raised from investors, including Andreessen Horowitz, Costanoa Ventures and Bond in prior rounds. Founder Collective, Lightspeed Venture Partners and Matrix participated in the round in addition to former GitHub CEO Nat Friedman and former head of AI at Y Combinator Daniel Gross. The Silicon Valley-based startup has raised more than $350 million in venture funding and its founder, Arvind Jain, was recently interviewed on TechCrunchs Found podcast.