Here are the top 10 Bay Area AI deals that closed in February

Venture capital funding around the world was relatively flat in February, but there was one industry that grabbed a bigger share of that pie: artificial intelligence.

Overall, companies raised $21.5 billion in venture capital funding in February, slightly up from a year prior but flat over the previous month. The top deal of the month was Disney's $1.5 billion investment in North Carolina-based Epic Games.

But a handful of outsized deals continue to bump up the AI sector.

"There are many concerns in venture capital circles that AI is the next bubble, as companies in this sector continue to raise massive rounds in quick succession and at huge valuations," the Crunchbase report said.

A one-year-old AI startup based in Beijing, China, called Moonshot AI, raised the second-highest deal of the month with a $1 billion Series B round that was led by Alibaba and Sequoia Capital China.

In the Bay Area, a Sunnyvale-based humanoid robot developer raised the top deal.

That was Figure AI's $675 million Series B round, which included investors such as the OpenAI Startup Fund, Nvidia, Microsoft and Amazon founder Jeff Bezos.

San Jose-based cloud GPU startup Lambda raised a $320 million Series C round led by Thomas Tull’s US Innovative Technology. The company specializes in supporting AI-related training and landed the second-largest deal. 

Palo Alto-based Glean Technologies also raised a megaround: a $200 million Series B led by Kleiner Perkins and Lightspeed Venture Partners. The startup is developing an AI-powered enterprise chatbot.

Here are the top 10 AI deals in the Bay Area that closed in February, based on data provided to Bay Area Inno by Crunchbase.