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. 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 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 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. 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 Power your workflow with proprietary private company data on or off Crunchbase. With the new Zapier integration, you can automatically sync live Crunchbase data with over 7,000 tools of your choice. The integration is available for Enterprise and Pro customers, click here to learn more. |
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