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.
Methodology: Lists of most active investors are based on a tally of relevant deal types as defined by PitchBook. These deal types align with existing PitchBook report methodologies, which can be found here. This list is limited to VC investors and excludes angel groups, accelerators, incubators and growth investors, among other investor types.
Featured image by Joey Schaffer