Artificial Intelligence Summer Report 2024

Distribution of Financing Rounds by Volume

$0 - $5M $5 - $10M $10 - $25M $25 - $100M $100 - $250M $250M+

1%

3%

1%

3%

4%

4%

13%

14%

18%

36%

43%

44%

2022

2023

Q1 2024

18%

18%

21%

21%

18%

20%

• AI financing deals shift toward the $10-$100 million range compared to the predominance of smaller deals in 2022 and 2023. The trend in 2024 underscores a strategic move by investors to support more robust and sustainable AI developments, reflecting a maturing market that seeks impactful technological advancements on previous growth. • A substantial 36% of AI financing deals are still under $5 million, signaling continued interest in new enterprises with unique offerings, like AI integrations and hardware.

Source: Pitchbook as of July 2024. Data consists of transactions where deal value was disclosed.

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