Weekly Roundup - Week 40, 2024

This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies. 

This week's investment trends point to growth in AI Assistant, AI Coding, Cloud Management, Customer Support, and generative AI. Let's examine the most recent fundraising rounds that are expanding potential applications.

OpenAI, $6.6 Billion

ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion. 

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Poolside, $500 Million, Series B

Poolside, a San Francisco-based company focused on creating advanced AI solutions for software development, has closed a $500 million Series B funding round. The round was led by Bain Capital Ventures.

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11x.ai, $50 Million, Series B

11x.ai, a San Francisco, CA-based AI-powered sales development bot startup, has raised approx. $50 million in Series B funding, bringing its valuation to around $350 million. The round was led by Andreessen Horowitz (a16z), a venture capital firm known for backing bold entrepreneurs building the future through technology.

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Numa, $32 Million, Series B

Numa, a San Francisco, CA-based AI platform focused on transforming auto dealerships, has raised $32 million in a Series B funding, bringing its total funding to $48 million. The round was led by Touring Capital and Mitsui & Co.

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Vizit, $25 Million, Series B

Vizit, a Boston, MA-based visual AI software for global brands and retailers, has raised a $25 million Series B funding. The round was led by Industry Ventures.

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Qodo, $40 Million, Series A

Qodo, a Tel Aviv, Israel-based generative AI code integrity platform, has raised $40 million in Series A funding, bringing its total funding to $50 million. The round was led by Susa Ventures and Square Peg.

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Rogo, $18.5 Million, Series A

Rogo, a New York-based secure enterprise AI platform tailored for finance professionals, has raised $18.5 million in Series A funding, bringing its total financing to $26 million. The round was led by Khosla Ventures.

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Pallet, $18 Million, Series A

Pallet, a San Francisco, CA-based unified transportation and warehouse management platform, has secured $18 million in Series A funding, bringing its total raised to $21 million. The round was led by Bain Capital Ventures.

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Avarra, $8 Million, Seed

Avarra, a San Mateo, CA-based enterprise avatar and AI simulation company, has raised $8 million in seed funding. The company also unveiled its fully interactive AI-avatar-based enterprise application. The round was led by Lightspeed Venture Partners.

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Lorikeet, $5 Million, Seed

Lorikeet, a Sydney, Australia-based AI customer experience startup, has secured $5 million in seed funding. The company has launched an innovative AI customer support platform featuring a unique architecture designed to handle complex inquiries effectively. The funding round was led by Square Peg Capital and included other investors. 

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We hope you are now up to date on the latest funding rounds in the B2B SaaS space. This week we saw a round of $5M for Lorikeet to a whooping $6.6B for OpenAI. Stay tuned for next week’s roundup on SaaS Insider.