Q3 Startup Funding In 10 Charts, And September's New Unicorns

October 19, 2024 These 10 Charts Show Startup Funding Downturn Continues Despite a strong pull from the AI sector, venture investment in the third quarter of 2024 wasn't able to overcome its more than two-year-long slump. Here's a look at Q3's numbers in charts. Q3 In Charts → Three Months To $5B, And More Unicorn News Nine companies joined The Crunchbase Unicorn Board in September, taking the board to just shy of 1,550 companies and $5.2 trillion in value. September's New Unicorns → The AI Startups That Raised Over $1B Raising over a billion dollars as an AI startup used to be enough to warrant a little name recognition. Not anymore. We ranked the members of AI's billion-dollar-and-up funding club by total investment. AI's Big Raises → What Funding Slump? Active VCs Picked Up The Pace In Q3 Global startup funding may have slowed in Q3, but that didn't apply to the most active venture investors, most of whom actually upped their dealmaking pace. Busy Investors → Web3 Funding Gains 43% Year To Year But Dips From Q2 It was a mixed bag for Web3 funding last quarter, although investors in the rocky sector the past few years will probably take that. Web3 Funding → As Big Money Rolls Into Data Centers, Startup Investment Gains So far this year, $1.3 billion has been invested in database-related startups that provide connectivity, efficiency or other needed tools/solutions for data centers. Data Center Growth → Privacy Policy | Terms of Service | View in Browser | Unsubscribe Crunchbase, Inc. 564 Market Street, Suite 500 San Francisco, CA 94104

Startups cash in on AI data center frenzy

Plus, Web3 funding a mixed bag

October 17, 2024 Hi, Agen. It’s been hard to browse tech headlines this week and not read something about billions of dollars being poured into data centers. Now it seems startups in the data center ecosystem are starting to cash in on the frenzy. Plus, we look at what happened in the third quarter with funding to startups in the Web3 sector, for a while the hottest thing in tech. 🤑 Startups cash in on AI data center frenzy The likes of Amazon and Microsoft are backing hundreds of billions of dollars worth of data center projects. Now startups in the industry are starting to see some of that love. Related Crunchbase Pro list: Funding To Data Center Startups ⚡ Photonic startup hits $4.4B valuation amid data center boom As if to prove our point, yesterday Lightmatter, a startup that uses light to link chips together and to do calculations for the deep learning necessary for AI, announced it has locked up a $400 million Series D led by new investor T. Rowe Price at a $4.4 billion valuation. 🎒 Web3 funding a mixed bag It was an up-and-down funding report for Web3 last quarter, although investors in the rocky sector the past few years will probably take that. Web3 startups raised $2 billion in just over 300 deals in Q3, per Crunchbase data. That’s up significantly from a year earlier, but down compared to 2024’s second quarter. Related Crunchbase Pro list: Funding To VC-Backed Web3 Startups 🦄 Meet September’s 9 new unicorns Nine companies joined The Crunchbase Unicorn Board in September, taking the board to just shy of 1,550 companies and $5.2 trillion in value, Crunchbase data shows. Related Crunchbase Pro list: New Unicorns In 2024 See also: The Crunchbase Unicorn Board 📊 10 charts that show the state of startups in Q3 Despite a strong pull from the AI sector, venture investment in the third quarter of 2024 wasn’t able to overcome its now more than two-year-long slump. That’s the broad takeaway from our third-quarter venture funding numbers. Related Crunchbase Pro list: Global Funding In 2024 Recent Investments DataBank $2.0B / Private Equity Round DataBank is an information management and security company offering customized technology solutions to businesses. Categories: Consulting • Information Technology • Risk Management Founders: Brandon Freeman, Jerry Blair, Keli Gadzekpo Investors: AustralianSuper (Lead), DigitalBridge Group Blockstream $210M / Convertible Note Blockstream is a blockchain technology that develops digital asset infrastructures for the emerging Bitcoin economy. Categories: Bitcoin • Blockchain • Cryptocurrency • Finance • Financial Services • FinTech Founders: Adam Back, Alex Fowler, Austin Hill, Erik Svenson, Gregory Maxwell, Jonathan Wilkins, Jorge Timón, Mark Friedenbach, Matt Corallo, Pieter Wuille Investors: Fulgur Ventures (Lead) Port $35M / Series B Port provides an internal developer portal for the software development lifecycle and DevOps sectors. Categories: Developer Tools • DevOps • Information Technology • Software Founders: Yonatan Boguslavsky, Zohar Einy Investors: Accel (Lead), Bessemer Venture Partners (Lead), Team8 + 1 more More Fundings Company Amount / Round Lead Investor Hello Cake $18M / Series B Silas Capital Axyon AI 2.1M EUR / Venture Round - All Recent Funding Activity Recent Acquisitions De La Rue - Authentication Solutions Pending acquisition by Crane NXT for 300M GBP More Acquisitions Company Acquired By Amount Parker Wellbore Nabors $370M All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.