Armed with some data from our friends at CrunchBase, I broke down the largest global startup funding rounds for May 2024. I have included some additional information such as industry, round type, a brief description of the company, investors in the round, company location, and total equity funding raised for the company to further the analysis.
Interested in the top NYC Startup Fundings? – The Largest NYC Startup Funding Rounds of May 2024
Interested in the top London Startup Funding? – The Largest London Startups Funding Rounds of May 2024
Interested in the top US Startup Funding? – The Largest US Startups Funding Rounds of May 2024
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
11. Sigma Computing $200.0M
Round: Series D
Description: San Francisco-based Sigma Computing is a business intelligence solution providing live access to cloud data warehouses. Founded by Jason Frantz, Mike Speiser, and Rob Woollen in 2014, Sigma Computing has now raised a total of $558.0M in total equity funding and is backed by Sutter Hill Ventures, Avenir Growth Capital, XN, NewView Capital, and Snowflake Ventures.
Investors in the round: Altimeter Capital, Avenir Growth Capital, D1 Ventures, NewView Capital, Snowflake Ventures, Spark Capital, Sutter Hill Ventures, XN
Industry: Analytics, Business Intelligence, Cloud Data Services, Computer, Software
Founders: Jason Frantz, Mike Speiser, Rob Woollen
Founding year: 2014
Location: San Francisco
Total equity funding raised: $558.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
10. NIO Power ¥1.5B
Round: Venture
Description: Wuhan-based NIO Power is a mobile internet-based power solution that includes wide networks for battery charging and swapping. Founded by Lihong Qin and William Li in 2014, NIO Power has now raised a total of ¥1.5B in total equity funding and is backed by Wuhan Optics Valley Industrial Investment.
Investors in the round: Wuhan Optics Valley Industrial Investment
Industry:
Founders: Lihong Qin, William Li
Founding year: 2014
Location: Wuhan
Total equity funding raised: ¥1.5B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
9. Vercel $250.0M
Round: Series E
Description: Covina-based Vercel’s frontend cloud gives developers frameworks, workflows, and infrastructure to build a faster, more personalized web. Founded by Guillermo Rauch in 2015, Vercel has now raised a total of $563.0M in total equity funding and is backed by Notable Capital, Nat Friedman, Bedrock, Google Ventures, and Buckley Ventures.
Investors in the round: 8VC, Accel, Bedrock, CRV, Geodesic Capital, Google Ventures, Notable Capital, SV Angel, Tiger Global Management
Industry: Apps, Developer Platform, Internet, Software
Founders: Guillermo Rauch
Founding year: 2015
Location: Covina
Total equity funding raised: $563.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
8. Meesho $275.0M
Round: Venture
Description: Bangalore-based Meesho is a social commerce platform that enables individuals and small businesses to start their online stores without any investment. Founded by Sanjeev Barnwal and Vidit Aatrey in 2015, Meesho has now raised a total of $1.4B in total equity funding and is backed by Fidelity, Meta, B Capital, Y Combinator, and Elevation Capital.
Industry: E-Commerce, E-Commerce Platforms, Fashion
Founders: Sanjeev Barnwal, Vidit Aatrey
Founding year: 2015
Location: Bangalore
Total equity funding raised: $1.4B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
7. DeepL $300.0M
Round: Venture
Description: Cologne-based DeepL is a deep-learning company that specializes in language translation. Founded by Jaroslaw Kutylowski in 2017, DeepL has now raised a total of $400.0M in total equity funding and is backed by ICONIQ Growth, WiL (World Innovation Lab), Teachers’ Venture Growth, Bessemer Venture Partners, and Benchmark.
Investors in the round: Atomico, ICONIQ Growth, Index Ventures, IVP, Teachers’ Venture Growth, WiL (World Innovation Lab)
Industry: Artificial Intelligence (AI), Generative AI, Machine Learning, Software, Translation Service
Founders: Jaroslaw Kutylowski
Founding year: 2017
Location: Cologne
Total equity funding raised: $400.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
6. Floreon £250.0M
Round: Venture
Description: Hull-based Floreon is a specially formulated compound, which is added to standard bioplastic, polylactic acid (PLA) to create an innovative material with a sustainable origin and a range of end of life options. Founded by Shaun Chatterton in 2011, Floreon has now raised a total of £252.0M in total equity funding and is backed by Northern Gritstone, Pitch@Palace, and Centre for Process Innovation.
Investors in the round: Centre for Process Innovation
Industry: Agriculture, Manufacturing, Packaging Services, Plastics and Rubber Manufacturing
Founders: Shaun Chatterton
Founding year: 2011
Location: Hull
Total equity funding raised: £252.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
5. Zhipu AI $400.0M
Round: Venture
Description: Haidian-based Zhipu AI is a data and knowledge two wheel drive artificial intelligence company. Founded by Tang Jie and Li Juanzi in 2019, Zhipu AI has now raised a total of $400.0M in total equity funding and is backed by Alibaba Group, Ant Group, Meituan, BOSS Zhipin, and Tencent.
Investors in the round: Prosperity7 Ventures
Industry: Artificial Intelligence (AI), Data Integration, Machine Learning, Software
Founders: Tang Jie, Li Juanzi
Founding year: 2019
Location: Haidian
Total equity funding raised: $400.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
4. Figma $415.7M
Round: Venture
Description: San Francisco-based Figma is a design platform that develops web applications for interface design with offline features. Founded by Dylan Field and Evan Wallace in 2012, Sigma Computing has now raised a total of $749.1M in total equity funding and is backed by Haystack, Daniel Gross, Sequoia Capital, Andreessen Horowitz, and Fuel Capital.
Industry: Collaboration, Developer Tools, Product Design, Software, Web Apps
Founders: Dylan Field, Evan Wallace
Founding year: 2012
Location: San Francisco
Total equity funding raised: $749.1M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
3. ALKU $960.6M
Round: Venture
Description: Andover-based ALKU is a specialized consulting services firm based in Andover, Massachusetts. Founded by Mark Eldridge in 2008, Alku has now raised a total of $960.6M in total equity funding and is backed by WestView Capital Partners.
Industry: Consulting, Recruiting, Staffing Agency
Founders: Mark Eldridge
Founding year: 2008
Location: Andover
Total equity funding raised: $960.6M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
2. Abound £800.0M
Round: Series B
Description: London-based Abound is a consumer lending financial firm that provides personal loans. Founded by Dr Michelle He and Gerald Chappell in 2020, Abound has now raised a total of £1.3B in total equity funding and is backed by Citi, Salica, K3 Ventures, Waterfall Asset Management, and GSR Ventures.
Investors in the round: GSR Ventures
Industry: Consumer Lending, Financial Services, Lending, Personal Finance
Founders: Dr Michelle He, Gerald Chappell
Founding year: 2020
Location: London
Total equity funding raised: £1.3B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
2. Wayve £800.0M
Round: Series C
Description: London-based Wayve is a developer of Embodied AI technology for automated driving. Founded by Alex Kendall and Amar Shah in 2017, Wayve has now raised a total of $1.3B in total equity funding and is backed by SoftBank, NVIDIA, Ocado Group, Baillie Gifford, and Tiny VC.
Investors in the round: Microsoft, NVIDIA, SoftBank
Industry: Artificial Intelligence (AI), Autonomous Vehicles, Electric Vehicle, Machine Learning
Founders: Alex Kendall, Amar Shah
Founding year: 2017
Location: London
Total equity funding raised: $1.3B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
2. Wiz $1.0B
Round: Series E
Description: New York-based Wiz is a cybersecurity company that allows companies to find security issues in public cloud infrastructure. Founded by Ami Luttwak, Assaf Rappaport, Roy Reznik, and Yinon Costica in 2020, Wiz has now raised a total of $1.9B in total equity funding and is backed by Thrive Capital, Wellington Management, Sequoia Capital, Andreessen Horowitz, and Cyberstarts.
Investors in the round: Andreessen Horowitz, Cyberstarts, Greenoaks, Greylock, Howard Schultz, Index Ventures, Lightspeed Venture Partners, Salesforce Ventures, Sequoia Capital, Thrive Capital, Wellington Management
Industry: Cloud Security, Cyber Security, Enterprise Software, Security
Founders: Ami Luttwak, Assaf Rappaport, Roy Reznik, Yinon Costica
Founding year: 2020
Location: New York
Total equity funding raised: $1.9B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
2. Scale AI $1.0B
Round: Series F
Description: San Francisco-based Scale AI provides a data-oriented platform that assists in the development of AI applications. Founded by Alexandr Wang and Lucy Guo in 2016, https://www.alleywatch.com/wp-content/uploads/2024/06/altruist.jpg has now raised a total of $1.6B in total equity funding and is backed by Meta, Amazon, NVIDIA, Thrive Capital, and Dragoneer Investment Group.
Investors in the round: Accel, Amazon, AMD Ventures, Cisco Investments, Coatue, DFJ Growth, Elad Gil, Founders Fund, Greenoaks, Index Ventures, Intel Capital, Meta, Nat Friedman, NVIDIA, Qualcomm Ventures, ServiceNow Ventures, Spark Capital, Thrive Capital, Tiger Global Management, WCM Investment Management, Wellington Management, Y Combinator
Industry: Artificial Intelligence (AI), Data Collection and Labeling, Generative AI, Image Recognition, Machine Learning
Founders: Alexandr Wang, Lucy Guo
Founding year: 2016
Location: San Francisco
Total equity funding raised: $1.6B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
1. xAI $6.0B
Round: Series B
Description: Burlingame-based XAI is an AI company that develops a platform to accelerate human scientific discovery. Founded by Elon Musk in 2023, https://www.alleywatch.com/wp-content/uploads/2024/06/scale-ai.jpg has now raised a total of $6.4B in total equity funding and is backed by Fidelity, Kingdom Holding Company, X (formerly Twitter), Vy Capital, and Redstone.
Investors in the round: Alwaleed Bin Talal, Andreessen Horowitz, E1 Ventures, Fidelity, Kingdom Holding Company, Page One Ventures, Redstone, Sequoia Capital, Valor Equity Partners, Vy Capital
Industry: Artificial Intelligence (AI), Generative AI, Information Technology, Machine Learning
Founders: Elon Musk
Founding year: 2023
Location: Burlingame
Total equity funding raised: $6.4B
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (New York Tech, London Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility piece like this, which will be read by the vast majority of key decision-makers in the global business community and beyond. Learn more about how a digital campaign will return your investment here.
