This edition of Cointelegraph’s VC Roundup features Eidon AI, Brevis, Multiledgers and Alluvial.
Venture capital funding in blockchain-based startups reached $2.4 billion in the third quarter of 2024, marking a 20% decline compared to the previous quarter, according to Galaxy Research.
Between July and September, crypto startups closed 478 deals, a 17% decrease from the second quarter. Despite the slowdown, the year remains on pace to match or slightly exceed 2023 investment levels, with $8 billion invested in the industry’s startups so far. Crunchbase’s Web3 Tracker has previously reported a more conservative figure, citing $5.4 billion in venture capital in the first three quarters of the year.
According to Galaxy’s report, a fivefold increase in funding has been witnessed by startups combining artificial intelligence and blockchain technologies over the last three months. Key contributors included rounds from Sentient, CeTi, and Sahara AI, collectively raising $188 million.
