Startup Around

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


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According to the 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 4Q 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 dip from the $4.4 billion raised in Q3 2019. | To read full story, visit https://startuparound.com/read/1578990606.8730514/AI-startups-raised-$18.5-billion-in-2019-setting-new-funding-record?ref=audio_experience
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Startup AroundBy Startup Around