10 of the Largest Funding Rounds of the Week: Stripe Raises $6.5B, AI Investment Trend Continues

Time Stamp: March 17, 2023 1:17 PM
Source Node: 2522069

The world of venture capital and startup funding is constantly evolving. This week, some of the biggest deals in the industry were announced, with a focus on artificial intelligence (AI) investments. Stripe, the online payments company, raised a whopping $6.5 billion in a Series G round, making it one of the largest funding rounds of the week. Other notable deals included AI-based companies such as Nauto, which raised $159 million in a Series C round, and AI-powered healthcare company Zebra Medical Vision, which raised $30 million in a Series D round.

Stripe’s massive $6.5 billion Series G round was led by Tiger Global Management and included participation from existing investors such as Sequoia Capital, Andreessen Horowitz, and General Catalyst. The funds will be used to expand Stripe’s reach into new markets and to invest in new products and services. The deal values Stripe at $95 billion, making it one of the most valuable private companies in the world.

Nauto, an AI-based driver safety platform, raised $159 million in a Series C round led by SoftBank Vision Fund 2. The funds will be used to expand Nauto’s product offering and to continue its mission of making roads safer for drivers. Nauto’s AI-powered platform uses cameras and sensors to detect potential hazards on the road and alert drivers to take action.

Zebra Medical Vision, an AI-powered healthcare company, raised $30 million in a Series D round led by aMoon Ventures. The funds will be used to expand Zebra’s product offering and to continue its mission of providing healthcare providers with AI-driven insights to improve patient care. Zebra’s platform uses machine learning to analyze medical images and provide clinicians with actionable insights.

These three deals are just a few of the many large funding rounds that were announced this week. Other notable deals included a $50 million Series B round for AI-based customer service platform Helpshift, a $50 million Series C round for AI-based cybersecurity company Darktrace, and a $90 million Series A round for AI-based logistics platform Flexport.

The trend of investing in AI-based companies is continuing to grow as investors recognize the potential of these technologies to revolutionize industries. This week’s funding rounds demonstrate the increasing appetite for AI investments and the potential of these technologies to transform the way we live and work.