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

Whilst total U.S. challenge capital investment dipped in 2019, the factitious intelligence sector bucked this pattern via achieving a brand new annual prime for cash raised via startups.

In keeping with the 2019 information from the Nationwide Mission Capital Affiliation, 1,356 AI-related corporations within the U.S. raised $18.457 billion. That crowned the 1,281 corporations that raised $16.eight billion in 2018, in line with the 4Q 2019 PitchBook-NVCA Mission Track.

NVCA had projected that AI startups have been on tempo to set a brand new file after Q3 investment surged. They controlled to set the brand new prime after $four.zero billion was once raised via 267 AI-related startups all the way through the ultimate 3 months of 2019. That was once a slight dip from the $four.four billion raised in Q3 2019.

One of the most most up-to-date AI fundraising offers in This autumn 2019 incorporated, $15 millon raised via Evisort to automate contract control, $18 million raised via Huckleberry which makes use of AI to check small companies with insurance coverage, and $20.6 million raised via Anyscale to simplify writing AI and device studying packages.

As those and different corporations proceed to make bigger their affect, AI making an investment outperformed the full VC marketplace.

NVCA reported that $136.five billion was once raised throughout 10,777 offers throughout 2019. In 2018, in line with NVCA’s revised figures, $140.2 billion was once raised throughout 10,542 offers.

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