| Hi, Agen. Although Series A and B funding for U.S.-based companies picked up in H1 2024 — up 34% year over year — the uptick may be deceiving. We look at the sectors getting early-stage big bucks so far in 2024. Plus, with Anduril Industries’ latest round, defense tech funding is on a roll this year. H1 2024’s 34% funding uptick does not necessarily signal a strengthening of the venture markets. An analysis of Crunchbase data shows that funding was concentrated in larger rounds dominated by two leading sectors, healthcare/biotech and AI. Related Crunchbase Pro list: US Series A And B Fundings In 2024 Anduril Industries, the Costa Mesa, California-based defense tech giant, locked up another $1.5 billion round co-led by Founders Fund and Sands Capital. The round values the company at $14 billion — a 69% jump from the $8.5 billion valuation it received after its massive $1.5 billion Series E in late 2022. Related Crunchbase Pro list: Global Defense Tech Funding Once upon a time, investors couldn’t get enough of adtech startups, with billions of dollars pouring into the industry. However, that time has come and gone, and now U.S. advertising-focused startups are unlikely to raise even $1 billion total this year as investors seem in full retreat. Related Crunchbase Pro lists: • US Advertising- And Marketing-Related Startup Funding • Advertising- And Marketing-Related US 2024 Funding Rounds Of $10M+ Google seems set to follow Microsoft’s footsteps bringing onboard everything related to an AI startup without actually saying it is buying the startup itself — all in a likely effort to avoid regulators. Venture funding to the media, entertainment and gaming industry increased 58% in the first half of 2024. Read our joint report with Alignment Growth to discover the trends powering MEG to the next level. | 
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