Last year was a time of excitement in the machine learning arena as a growing number of startups closed huge funding rounds in 2022. Emerging companies have implemented machine learning solutions to solve administrative and operational hurdles businesses encounter every day. While many machine learning products remain conceptual, machine learning tools are increasingly being adopted by companies worldwide. A number of machine learning companies entered their fourth or even fifth series of funding deals in 2022 and we are starting to see more tangible products, driven by machine learning algorithms, enter the market. With that in mind, let's look at the 10 biggest funding rounds achieved in the machine learning space in 2022, according to research firm GlobalData.

Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Astera Labs provides chips for connecting AI systems in the cloud, and today it has raised $150 million at a $3.15 billion valuation. It makes sure AI processor are fed enough data. In addition to closing the fourth round of funding, Santa Clara, California-based Astera Labs expanded its board of directors, added new product lines to its portfolio, and grew its presence globally with new locations and an increased employee base. These milestones represent the strong traction for its silicon, software, and system-level solutions that help its customers realize the vision of AI and machine learning in the cloud, said Sanjay Gajendra, chief business officer and cofounder, in an interview with VentureBeat.