In the first half of 2024, the total investment in AI startups globally exceeded $35.5 billion, according to recent data from Crunchbase. This surge in funding demonstrates the continued interest and growth potential in the AI sector, despite concerns of AI fatigue among some individuals.
Among the notable findings, five out of the six venture rounds that raised over $1 billion in the first half of 2024 were secured by AI companies. Additionally, many AI startups successfully raised mega-rounds of over $100 million, with U.S.-based startups leading the charge.
A closer look at the U.S.-based AI companies that raised $100 million or more in 2024 reveals a diverse range of innovative startups across various industries. These companies are pushing the boundaries of AI technology and paving the way for future advancements in the field.
For example, Hebbia, a startup using generative AI to search large documents, raised $130 million in July, showcasing the potential of AI in information retrieval and analysis. Skild AI, which focuses on robotics and AI-driven software, secured an impressive $300 million Series A round in July, highlighting the growing interest in AI-powered automation.
Other notable U.S.-based AI startups that raised significant funding include Bright Machines, Etched.ai, EvolutionaryScale, AKASA, AlphaSense, xAI, Scale AI, Suno, Weka, CoreWeave, Blaize, Augment, Cognition, Xaira Therapeutics, Cyera, Celestial AI, FundGuard, Together AI, Zephyr AI, Glean, Figure, Abridge, Recogni, Lambda, Magic, and Kore.ai. These companies are at the forefront of AI innovation in various sectors, from healthcare and finance to robotics and data analytics.
The substantial investments in these AI startups underscore the confidence and optimism surrounding AI technology’s potential to drive future growth, efficiency, and innovation across industries. As AI continues to evolve and mature, we can expect to see even more groundbreaking developments and transformative solutions from these and other AI startups in the coming years.
