AI startup Wonderful doubles valuation to $5 billion in latest funding round

Wonderful, an Israeli-Dutch enterprise AI startup, closed a $550 million Series C funding round on September 2 at a $5 billion valuation, more than double the $2 billion it was worth when it raised its Series B in March.

Capital seems to be flowing quickly to startups that are selling the plumbing for large companies to run AI across their whole operation and not for only one department.

Insight leads the round, Salesforce joins as new investor

Insight Partners led the latest round, its second time backing the startup, according to the press release. Salesforce came into the round as a new investor and existing backers like Index Ventures, IVP, Vine Ventures, 9Yards, and Bessemer Venture Partners all returned.

Jeff Horing, co-founder and managing director of Insight Partners, stated that the firm had watched the team ship “highly successful early deployments to production at some of the world’s largest enterprises.” “Wonderful is pursuing one of the largest opportunities in enterprise AI,” he said in the announcement.

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