AI Funding News: Week Ending 05.23
We saw a surge in agentic platforms, security startups, and AI-powered infra, plus more M&A activity in GRC, marketing tech, and DevOps.
Feed The AI Team
May 23, 2025 • Estimated Reading Time: 5 minutes
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Welcome to another big week in AI funding. We saw a surge in agentic platforms, security startups, and AI-powered infra, plus more M&A activity in GRC, marketing tech, and DevOps.
Let’s dig in 👇
🔥 Biggest AI Funding Rounds This Week
» Funding Roundup
💰 Biggest AI Funding Rounds This Week
LMArena raised $100M (Seed) for an open community platform for AI models.
Siro raised $50M (Series B) for AI conversation intelligence in in-person sales.
Legora raised $80M (Series B) for collaborative AI tools for lawyers.
Greenlite AI raised $15M (Series A) for AI AML/KYC platform for financial services.
Pixee raised $15M (Seed) to boost security team efficiency in the age of AI dev.
TrustCloud raised $15M for its AI-native security assurance platform.
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📡 Signals – What This Week Tells Us
Agentic Infra Is Getting Built Fast: Companies like Barndoor AI, TensorWave, and AskElephant show strong momentum in powering the backbone for AI agents.
Legal + Compliance AI Is Booming: Legora’s $80M round and acquisitions like Vault show AI is moving into the boardroom, not just the back office.
Healthcare + Gov AI Remain Investable: From medical scribes to AI in RNA sequencing and pharma R&D, healthtech continues to command attention.
Global Momentum: We’re seeing growth across Europe, Asia, and even Mongolia — where Egune AI is building foundational models.
🦄 Startups to Watch
Barndoor AI raised $13.6M to become the control plane for the agentic enterprise.
Skriber raised $1.3M to eliminate healthcare admin with AI-powered medical scribing.
AskElephant raised $6M for revenue teams to track deals and churn.
PiLogic raised $4M to bring expert-guided “exact AI” to defense + aerospace.
Filed raised $17.2M to reimagine tax prep with AI in Sweden.
Egune AI raised $3.5M to build Mongolia’s first foundation model company.
Coworker.ai raised $13M to power enterprise-ready AI agents.
Theo AI raised $4.2M for litigation risk prediction.
🤝 Mergers & Acquisitions
Diligent acquired Vault, doubling down on AI for ethics and compliance.
Boomi acquired Thru to strengthen enterprise-grade file transfers.
Virtana acquired Zenoss, adding AI-powered observability to hybrid infra.
The Hackett Group acquired Spend Matters, expanding GenAI strategy services.
Perion Network acquired Greenbids, boosting AI for ad campaign optimization.
Responsive acquired Bidhive, strengthening AI-powered RFP and proposal automation.
🤖 Beyond The Feed
Our latest post:
The Rise of Agentic AI: How Reasoning Powers Autonomous Agents
Explore how reasoning models are reshaping what agents can actually do — and how startups are moving from rules to autonomy.
Did You Know? The first computer bug was literally a bug—in 1947, Grace Hopper found a moth trapped in a Harvard Mark II computer, coining the term "debugging" in the process.
Till next time,