Global AI Financing
Artificial Intelligence Financing by Year (In Billions of USD)
Total Deal Size in ($B) # of Deals
2020 laid the groundwork for AI with $40 billion in funding. While uncertainties of the pandemic initially slowed investments, financing deals saw a substantial rise in 2021 as novel foundation models set new industry precedents. There were 3,000 AI-related funding rounds in 2021, compared to around 2,100 in 2020. Plus, 2021 saw a surge in mega-rounds, or rounds exceeding $100 million, and even marked the emergence of new AI unicorns — with several startups reaching valuations over $1 billion. Significant rounds raised by notable AI startups, such as Databricks and UiPath, contributed to the overall rise in AI financing. Overall, the trends from 2021 reveal a strong financial foundation for growing AI technologies, which still holds in 2024. 2024 continues this trend of rising AI financing deals. Investors have sustained confidence inthe transformative potential of AI technologies. Likewise, public- private partnerships and increased government funding for AI research and development will play a significant role in supporting the growth of AI startups and projects. As generative AI is further refined and integrated across industries, we expect enhanced global AI investment initiatives for years to come.
Annualized
64.4
1,166
638
46.9
91.9
58.9
43.4
35.3
2020
2021
2022
2023
YTD 2024
Financing Volume by Quarter (In Billions of USD)
Total Deal Size in ($B) # of Deals
786 783 773 757
702
640 624
590
494 498 523
510
499
466
422
418
317 316
7.4 10.6 10.7 16.7 19.5 25.0 22.3 24.2 19.1 19.1 9.9 10.6 13.1 10.5 8.5 11.0 9.8 25.3
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2021 2022 2023 2024
Source: PitchBook, Fortune Business Insights, Grand View Research, Trade.gov
Source: Pitchbook as of June 2024. Data consists of transactions where deal value was disclosed.
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