| Hi, Agen. In our 2024 midyear forecast, we share trends we’ll be watching — from chips to AI — as the rest of the year plays out. Plus, we provide a look at the funding climate in Q2 2024 with 7 charts that show the state of the startup world. And the biggest fundraise ever to a Canadian startup went to Vancouver-based legal tech company Clio. So far, 2024 has resembled 2023 a lot when it comes to startups and venture capital. AI is still the dominating talk, funding is rocky and the IPO window is still only a bit ajar. The Crunchbase news staff tells you what to expect in the second half of the year. Related Crunchbase Pro lists: • Global Venture-Backed M&A • Semiconductor Funding To VC-Backed Startups • Debt Rounds Of $1B+ For Private, Venture-Backed Companies In 2024 Two years into a venture funding slowdown, a lift from mega-rounds and AI funding signaled a stronger quarter in Q2. And there are signs that active venture investors, who backed off from the peak volume of 2021, are picking up the pace a little. However, despite some good signals the overall outlook from the venture markets has not shifted. A day after Toronto-based Cohere raised a $500 million Series D at a $5.5 billion valuation, Vancouver-based legal tools platform Clio locked up a $900 million Series F at a $3 billion valuation — the largest round ever for a Canadian startup. Despite some predictions that the IPO market would open up this year, it’s continued to be sluggish when it comes to big names going public. Sure, some have gone out, such as content platform Reddit and chip startup Astera Labs, but it’s just been a trickle. If the second half is better, here’s our best predictions as to who could go out to the public market. In the first six months of this year, startups in the United States and Canada pulled in $80.1 billion — more than the rest of the world combined. Of that, around 30% went to AI-focused startups, which raised just over $24 billion in the first half of this year. Related Crunchbase Pro list: North American AI Funding 1H 2024 | 
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