AI startups raised $110 billion in 2024, 62% more than previous year.

Artificial intelligence startups worldwide raised a record $110 billion from venture capitalists in 2024, representing a 62% increase from 2023 according to analytics firm Dealroom. The funding surge was driven by generative AI companies raising $47.4 billion and foundational AI technology investments, making AI the dominant sector for venture capital funding globally.

Source: TechCrunch, January 2025

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