AI investments surged 62% to $110B in 2024 while startup funding overall declined 12%

image via TechCrunch

February 11, 2025, 10:04 AM

• •Venture capitalists invested $110 billion in AI startups in 2024, up 62% from the year before.
• •OpenAI raised $6.6 billion last year, but Databricks raised the most with $10 billion.
• •AI startups raised more than the rest of the tech industry combined in 2024, with 42% of VC funding going to AI companies in the U.S.

Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, but they’re remaining picky when it comes to funding the wider spectrum of technology. According to new figures from analytics firm Dealroom, AI startups raised $110 billion last year, 62% more than the year before. At the same time, privately-backed companies (startups and scale-ups) across the technology spectrum raised $227 billion in 2024, down 12% from 2023.

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