AI companies in Miami raised $1.28B across 31 rounds from January to September 2026, according to the Bot Memo repository. That already tops the $1.16B raised across 55 rounds in all of 2025, with the fourth quarter still to come.
The deal count went the other way. Miami is on pace for fewer AI rounds, with far more of the capital in nine-figure deals, led by health AI. OpenEvidence ($250M Series D) and eMed ($200M Series A) together account for $450M of this year’s total.
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Miami AI Funding in 2026 Versus 2025
Here are the headline figures for AI startups headquartered in the Miami metro, which covers Miami-Dade, Broward and Palm Beach counties:
| Metric | 2025 (full year) | 2026 (Jan to Sep) |
|---|---|---|
| Total AI funding | $1.16B | $1.28B |
| AI funding rounds | 55 | 31 |
| Median disclosed round | $11M | $10M |
| Rounds of $100M or more | 3 | 6 |
| Share of funding in $100M+ rounds | 46% | 77% |
The typical Miami AI round has barely moved, with a median disclosed round of $11M in 2025 and $10M in 2026. The change is at the top of the market, where six rounds of $100M or more carried 77% of 2026 capital.
Several of those large rounds bundle equity with a credit facility, and the totals above count the full announced amount. Credit makes up more of 2026: $363M across Felix Pago, Karta, Propy and HealthSnap, against $225M across Flex and Waltz in 2025. Take those credit lines out and the two years are about level, $922M so far in 2026 against $937M in 2025.
The Largest AI Rounds in Miami in 2026
Six Miami AI companies have raised $100M or more so far in 2026. Two of them are health AI, two are consumer finance, one is GPU infrastructure and one is a real estate closing platform.
| Company | What it does | Round | Amount |
|---|---|---|---|
| OpenEvidence | Clinical AI answer engine for physicians | Series D, Jan 2026 | $250M |
| eMed | AI-driven GLP-1 weight management for employers and payers | Series A, Mar 2026 | $200M |
| Felix Pago | WhatsApp-based remittances and financial services for Latino immigrants | Series C, Sep 2026 ($87M equity plus a $113M credit facility) | $200M |
| Karta | US credit card for global travelers with an AI concierge on WhatsApp | Series A, Jun 2026 ($15M equity plus a $125M credit facility) | $140M |
| Hydra Host | Bare-metal GPU cloud for independent data centers | Series A, Jun 2026 | $100M |
| Propy | AI-driven real estate closing, title and escrow | Debt facility, Jan 2026 | $100M |
OpenEvidence is the flagship. The company moved its headquarters from Cambridge, Massachusetts to Miami in 2025 and had completed the move by its $200M Series C that October. In January 2026 it closed a $250M Series D at a $12B valuation, co-led by Thrive Capital and DST Global.
Hydra Host’s $100M Series A carried no disclosed credit facility. Kindred Ventures led the round, with NVIDIA among the participants, to grow its network of GPU capacity for AI workloads.
Below the top six, the next tier includes RapidPulse ($48M Series B for stroke aspiration devices), Canals ($35M Series A, led by Base10 Partners, automating order entry for wholesale distributors), Maximum ($30M seed, led by CRV, for an AI-native core banking system) and Subquadratic ($29M seed for long-context language model architectures).
Fewer Deals, Bigger Checks
Miami’s 2026 pace points to just over 40 rounds across the full year, well short of 2025’s 55. The money is concentrating instead.
In 2025, Flex’s $225M package, OpenEvidence’s $200M Series C and Cast AI’s $108M Series C were the only nine-figure rounds, and together they made up 46% of the year. In 2026, six nine-figure rounds make up 77%. That leaves Miami’s annual total highly sensitive to a few announcements: January alone brought in $353M across four rounds, most of it OpenEvidence.
Early-stage activity has held up in relative terms. Seed and pre-seed rounds were 20 of 55 deals in 2025 (36%) and 14 of 31 so far in 2026 (45%). The middle of the market is thinner, with no 2026 Miami AI round between $50M and $100M.
Health AI Leads Miami’s 2026 Capital
Health and biotech AI drew $542M across nine Miami rounds in 2026, the most of any sector. In all of 2025 the same sector drew $270M across 11 rounds, and OpenEvidence’s Series C was $200M of that.
Health AI Rounds
OpenEvidence and eMed account for $450M of the $542M. eMed, led by CEO Linda Yaccarino, raised its $200M Series A at a valuation above $2B to sell GLP-1 weight management programs to employers, unions and payers. RapidPulse added $48M, and HealthSnap, a remote patient monitoring platform, took a $25M debt facility. For the national picture, see our list of top AI healthcare startups.
FinTech and Stablecoin Rails
FinTech was Miami’s biggest AI sector in 2025, with 17 rounds and $491M, and it is second in 2026 with seven rounds and $412M. Much of it serves Latin America. Felix Pago moves money from the US to Mexico and Central America over WhatsApp, and Karta issues US credit cards to travelers without a US credit history.
Crypto shows up in Miami’s AI data as payment plumbing rather than tokens. XFX raised a $17M Series A, led by Castle Island Ventures, to settle foreign exchange between fiat currencies and stablecoins across Latin American corridors. Cyclops raised a $20M Series A, led by Nava Ventures, for a stablecoin settlement API aimed at payments companies. In 2025, Crossmint ($23.6M, led by Ribbit Capital) and Sentora ($25M Series A) followed the same pattern. More on the sector in our AI fintech startups roundup.
Top Funded AI Companies in Miami in 2025
The 2025 list is flatter than 2026. Three rounds crossed $100M, and the next eleven on the list ranged from $20M to $75M.
- Flex ($225M, March). An AI-driven banking and payments platform for owners of small and mid-size businesses. The package was $25M of equity led by Titanium Ventures plus a $200M credit facility from Victory Park Capital.
- OpenEvidence ($200M Series C, October). The clinical AI answer engine used by US physicians, raised at a $6B valuation in a round led by GV, shortly after its move to Miami.
- Cast AI ($108M Series C, May). Automates cost and performance tuning for Kubernetes and cloud workloads. G2 Venture Partners and SoftBank Vision Fund 2 led.
- Felix Pago ($75M Series B, April). The WhatsApp remittance company, in a round led by QED Investors, before its larger 2026 raise.
- Exowatt ($50M, November). Solar-thermal energy storage that supplies round-the-clock power to AI data centers. The round extended its Series A.
- Waltz ($50M, June). Lets foreign nationals buy and finance US homes. The figure combines equity and debt, including a $25M line of credit.
- Pelico ($40M strategic round, June). Supply chain AI for manufacturers, founded in Paris, with a Miami base opened in 2025. General Catalyst led.
- Moderne ($30M Series B, February). Automated large-scale code refactoring for enterprise codebases. Acrew Capital led.
- Payabli ($28M Series B, June). Embedded payments infrastructure for software companies. Fika Ventures and QED Investors led.
- Sentora ($25M Series A, May). Institutional DeFi yield and risk infrastructure, formed from the merger of IntoTheBlock and Trident Digital. New Form Capital led.
- Dazos ($25M Series A, May). A Boca Raton CRM and admissions platform for behavioral health providers, backed by Radian Capital.
- Crossmint ($23.6M, March). Wallet, stablecoin and payment APIs for businesses and AI agents.
- MyPrize ($21M, July). A social casino app that mixes livestreaming with multiplayer games.
- FanBasis ($20M Series A, May). Payments, fulfillment and community software for online creators, led by Left Lane Capital.
Why AI Founders Pick Miami
Florida has no state income tax on individuals, which matters to founders and early employees holding equity. Miami also sits on US Eastern time with direct flights to São Paulo, Bogotá and Mexico City, and the city’s fintech list shows it. Felix Pago, Karta and XFX all build for Latin American customers or corridors.
Relocations add to the totals. OpenEvidence moved from Cambridge and Pelico opened a Miami base after starting in Paris, and OpenEvidence alone accounts for $450M across 2025 and 2026. Most of the city’s largest AI companies raise from national investors rather than local funds.
The funded list leans toward applied software, financial products and infrastructure services. Subquadratic, which builds long-context model architectures, is the closest thing to a model lab in Miami’s 2026 data. Our breakdown of AI startup funding by city puts Miami next to the larger hubs.
Who Invests in Miami AI Startups
The leads on Miami’s biggest AI rounds are national and global firms. Thrive Capital and DST Global co-led OpenEvidence’s Series D. Andreessen Horowitz led Felix Pago’s equity, with General Catalyst supplying its credit facility. Kindred Ventures led Hydra Host, Galaxy Ventures led Karta’s equity round, Base10 Partners led Canals and CRV led Maximum.
Some investors show up repeatedly. QED Investors led rounds for Felix Pago and Payabli in 2025. Castle Island Ventures led XFX and participated in Cyclops. General Catalyst led Pelico’s 2025 round and backed both Felix Pago rounds. The Florida Opportunity Fund took part in Exowatt’s and RapidPulse’s rounds. For investor rankings across all cities, see the most active AI investors of 2025.
Frequently Asked Questions
What AI Companies Are Based in Miami?
The companies behind the largest Miami AI rounds of 2025 and 2026 include OpenEvidence (clinical AI), eMed (GLP-1 weight management), Felix Pago (remittances), Karta (travel credit cards), Hydra Host (GPU cloud), Propy (real estate closing), Flex (small business banking), Cast AI (cloud cost automation), Exowatt (energy storage for data centers), Moderne (code refactoring) and Payabli (embedded payments).
How Much Funding Did Miami AI Startups Raise in 2026?
Miami AI startups raised $1.28B across 31 rounds from January to September 2026. That is about 11% more than the $1.16B raised across 55 rounds in all of 2025.
What Was the Largest AI Funding Round in Miami?
OpenEvidence’s $250M Series D in January 2026, at a $12B valuation, is the largest Miami AI round in 2025 or 2026 so far. In 2025 the largest was Flex at $225M, of which $200M was a credit facility, and the largest all-equity round was OpenEvidence’s own $200M Series C in October.
Is Miami a Good Place for Health AI Startups?
In 2026 it has been. Health and biotech AI companies raised $542M across nine Miami rounds from January to September, more than any other sector and up from $270M in all of 2025. OpenEvidence and eMed account for most of it.
Is Miami Good for Fintech?
Yes. FinTech was the largest Miami AI sector in 2025, with 17 rounds and $491M, and the second largest in 2026 with seven rounds and $412M. Many of these companies, including Felix Pago, Karta and XFX, serve Latin American customers.
Why Did OpenEvidence Move to Miami?
OpenEvidence moved its headquarters from Cambridge, Massachusetts to Miami’s Wynwood area in 2025. The company has not given a public reason. Since the move it has raised a $200M Series C in October 2025 and a $250M Series D in January 2026.
About These Figures
Figures cover AI startups headquartered in the Miami metro (Miami-Dade, Broward and Palm Beach counties) and count each funding round at its announced amount in US dollars. Where a round combined equity and a credit facility, the full announced figure is counted and the split is noted. A company headquartered in more than one city counts in full in each, and companies with only a sales office in Miami are excluded. OpenEvidence’s July 2025 round, announced while the company was still based in Cambridge, is not counted. For company-level rankings across all markets, see the Bot Memo Power Rankings.
About the author
Editorial Staff
The Editorial Staff at Bot Memo is a team of writers, analysts, and AI agents dedicated to mapping the global AI startup ecosystem. Led by Chintan Zalani, the team tracks thousands of funding rounds, classifies companies across verticals, and distills it all into actionable intelligence for investors and founders.
