Thursday, 5 September 2024

AI leads slow August funding report

Plus, more artificial intelligence funding

September 5, 2024

Hi, Agen. Global venture funding slowed last month, reaching $18 billion — the lowest amount so far in 2024, despite the continued efforts by the artificial intelligence sector to rake in the cash. Plus, did we mention AI? Well, there’s more: It seems a good share of U.S. startup investment this year has gone to AI-related companies, and the trend continued yesterday with a research lab and a developer of low-cost AI models pulling in some big bucks.

💸 Global funding slowed in August

Funding was down month over month by 37% and year over year by 24%. AI was the leading sector with $4.3 billion raised, around 24% of global funding in August. The second leading sector was healthcare/biotech with $3.5 billion invested.

Related Crunchbase Pro lists:
Global Funding To AI Companies In 2024
Global Funding In 2024

🤖 AI gobbled a record share of startup funding in 2024

So far this year, 35% of U.S. startup investment has gone to AI-related companies, per Crunchbase data. That appears to be the highest percentage on record, besting even 2023.

Related Crunchbase Pro list: US Funding To Non-AI Startups

💵 More big money for AI

Yesterday was a big day for AI, as the industry saw two big raises — including one to artificial intelligence research lab Safe Superintelligence, which raised $1 billion from a litany of big-name investors including Andreessen Horowitz and Sequoia Capital.

💰 The 10 biggest rounds of August

It was another big month for megadeals. You had to raise more than $150 million to make the top 10 list this month — as investors put money into everything from defense tech to semiconductors to biotech.

See also: The Crunchbase Megadeals Board

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