Distribution of AI Funding Rounds by Volume $10-$150M Deals surge, suggesting a preference for larger funding rounds
$5 - $10M $10 - $25M $25 - $50M $50M+
1%
2%
10% 1%
13%
12%
38%
45%
1,100
764
730
49%
40%
41%
48%
2022
2023
2024
• AI funding deals have shifted towards the $10M+ funding range, in contrast to the predominance of smaller deals in 2022 and 2023. While the overall number of deals has slowed, there has been a significant increase in the size of investments, reflecting a growing preference for larger funding rounds in AI. • 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. • A significant 13% of AI funding deals are still under $5 million, signaling continued interest in new enterprises with unique offerings, like AI integrations and hardware.
Source: Pitchbook as of 31 December 2024. Data consists of transactions where deal value was disclosed.
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