AI startups draw record $11.8B funding in Q3
According to Stocklytics, AI startups accounted for 30% of total venture capital funding in the third quarter of 2024.
Despite a general decline in venture capital funding, artificial intelligence startups saw another quarter of strong cash injections.
According to data compiled by analytics company Stocklytics, AI startups raised $11.8 billion during the past 90 days, accounting for 30% of total venture capital funding in the third quarter of 2024.
The surge occurred despite the United States increased export restrictions on AI chips, valuation uncertainties, and earlier disappointing earnings from startups, creating a mixed landscape for investors.
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Author: Ana Paula Pereira
