The State of AI Funding (Part II)
#Finance
AI continues to draw considerable interest from investors. Startups leveraging AI are increasingly securing substantial investments to further develop this technology and bring it into various aspects of our daily lives.
Here are a few notable highlights:
AI funding hits a 4-quarter high
After declining for three quarters, AI funding has rebounded by 24% Q-o-Q to reach ~$13B in Q1’24
Average AI deal size YTD is ~$23M, up 21%
A few AI players such as Anthropic have had a disproportionate impact on this upward trajectory
United States AI funding rises 52% Q-o-Q to exceed ~$9B
Asia was the only other major region to see a funding increase (+6%) in Q1’24
Source: CB Insights