Forbes August 13, 2024
The trajectory of the 2024 Next Billion-Dollar Startups was overwhelmingly determined by two trends: the continuing dearth of funding for startups and the overwhelming rise of AI.
Over the past few years, size and frequency of venture rounds have been far and few between. Investors have placed greater emphasis on profitability and maintaining their portfolios as companies opted to stay private amid relatively stagnant IPO and M&A markets. Nevertheless, this year’s class of Next Billion-Dollar Startups successfully navigated the stifling fundraising environment to secure new capital, with nearly all the companies raising new funds over the last 12 months.
AI continues to be the dominant force driving innovation. Last year’s list indicated that companies involved in artificial intelligence and machine...
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