Monday, June 24, 2024

"Meet the 10 most active investors in generative AI"

 From PitchBook, June 11:

AI valuations are far outpacing other verticals, a sign of a continued willingness to invest—even if it comes at a premium.

Cohere, a large language model developer, has reportedly been in talks to raise $450 million at a $5 billion valuation. In April, AI search engine Perplexity raised $62.7 million at a $1.04 billion valuation. And in February, AI cloud computing startup Lambda raised a $320 million Series C at a $1.5 billion valuation.

Here are the 10 most active VC investors in generative AI since 2019, according to PitchBook data....