2024 has been a dull year for tech startups, with most IPOs underperforming. Reddit stands out as the top performer, with shares up 332%.

Source: https://news.crunchbase.com/sections/ai/

Source: https://news.crunchbase.com/sections/ai/

Tractian, a manufacturing AI startup, raised $120M in a Series C round led by Sapphire Ventures. The company, known as the 'Industrial Copilot', combines hardware, software, and AI to modernize manufacturing maintenance processes, aiming to reduce unplanned downtime costs for businesses.

Source: https://news.crunchbase.com/sections/ai/

Source: https://news.crunchbase.com/sections/ai/

Source: https://news.crunchbase.com/sections/ai/

Tenstorrent, a semiconductor startup led by Jim Keller, raised $693 million in a Series D funding round, reaching a $2.6 billion valuation. This funding was led by Samsung Securities.

Source: https://news.crunchbase.com/sections/ai/

The real estate and property technology sector witnessed several large funding rounds this week, despite a decrease in nine-figure deals.

Source: https://news.crunchbase.com/sections/ai/

Defense tech startup Chaos Industries raised $145 million in a Series B funding round, highlighting the surge in investment in the defense technology sector. This year, defense tech startups have already secured nearly $3 billion in funding, driven by increasing reliance on technology in defense systems, global conflicts, and anticipated budget increases.

Source: https://news.crunchbase.com/sections/ai/

Venture capital activity in the US cooled in November, with leading firms Andreessen Horowitz, General Catalyst, and Sequoia Capital recording only eight deals each, down from previous months.

Source: https://news.crunchbase.com/sections/ai/

Source: https://news.crunchbase.com/sections/ai/