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Startups & Business SINGLE SOURCE

Jumbo-Sized Series A Rounds Are On The Rise

Single source: this development was reported by Crunchbase News. What WORLDTECH can establish is that the report was made, and by whom. It has not been matched against a second independent organisation and has not been officially confirmed by the organisations involved.

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What happened

So far this year, global startups have secured at least 114 Series A rounds of $100 million or more, per Crunchbase data. Collectively, this group of Series A recipients has raised around $33 billion this year, with at least 12 rounds valued at $500 million or more.

The size of a Series A round for a hot startup is on the rise. An AI thing The funding bump was mostly an AI-driven phenomenon. For instance, it contains a $1.2 billion round for Silicon Valley-based River AI , a platform for developers to train and serve custom models, and a $900 million financing for China-based Xpeng Robotics , a developer of AI-enabled humanoid robots.

Key facts

  • For instance, it โ€” includes: a $1.2 billion round for Silicon Valley-based River AI , a platform for developers to train and serve custom models, and a $900 million financing for China-based Xpeng Robotics , a developer of AI-enabled humanoid robots

Sources & evidence