It has also given the rise of new cohorts of AI startups that continue becoming a VC funding spot. Let’s have a look at the top AI funding and investment in August 2020.
In recent years, the growing crops of startups that leverage artificial intelligence and other advanced technologies have ascended dramatically. As a result, the VC funding and investments in these startups are becoming historically strong year over year. Despite slow VC deals due to the COVID-19 crisis this year, the interest in AI funding is seeing a sustained momentum.
Let’s go through top artificial intelligence investment and funding in August 2020.
Amount Funded: US$123 million
Transaction Type: Series B
Lead Investor(s): B Capital Group, Sanabil
Atomwise, a San Francisco, CA-based startup that uses artificial intelligence to stimulate drug discovery, raised US$123 million in Series B funding round. This funding round was led by B Capital Group and Sanabil Investments, along with included returning investors DCVC, BV, Tencent, Y Combinator, Dolby Family Ventures, and AME Cloud Ventures. According to reports, the company plans to utilize the new funds to help it further scale the largest AI-driven drug discovery portfolio in history and expand its over US$5 billion deal pipeline for small molecule drug discovery.
Amount Funded: US$100 million
Transaction Type: Series D
Lead Investor(s): Stripes
Dataiku, a New York-based centralized data platform, which moves businesses along their data journey from analytics at scale to enterprise AI. On August 24, the company secured US$100 million in Series D funding round that will allow it to expand its platform and offerings to support this worldwide acceleration in Enterprise AI efforts. Led by Stripes with Tiger Global Management joining existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ, the investment comes at a time where hundreds of customers find more value than ever before in Dataiku’s offerings.
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