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AI startups raised $18.5 billion in 2019, setting new funding record

VentureBeat January 14, 2020
Chris O'Brien

While overall U.S. venture capital funding dipped in 2019, the artificial intelligence sector bucked this trend by reaching a new annual high for money raised by startups.

According to 2019 data from the National Venture Capital Association, 1,356 AI-related companies in the U.S. raised $18.457 billion. That topped the 1,281 companies that raised $16.8 billion in 2018, according to the Q4 2019 PitchBook-NVCA Venture Monitor.

NVCA had projected that AI startups were on pace to set a new record after Q3 funding surged. They managed to set the new high after $4.0 billion was raised by 267 AI-related startups during the last three months of 2019. That was a slight...

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2020-01-14T08:23:43-05:00
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