AI Startups Raise $10.4B YTD, A Record-breaking Start to the Year

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AI Startups Raise $10.4B YTD, A Record-breaking Start to the Year

Although the US government’s expanded export restrictions on AI chips to China, concerns about AI giants` valuations, and disappointing earnings reports in the first half of 2024 sent shockwaves through the market and caused mixed investor sentiment, AI startups still managed to make 2024 one of their best years so far. During the twelve months, these companies raised a record-breaking $89.7 billion in funding rounds, the highest figure in the m…