The Ongoing Surge in AI Funding

While some individuals might be experiencing what we call “AI fatigue,” it’s evident that venture investors are anything but tired of this dynamic field. In the third quarter alone, AI companies attracted a staggering $19 billion, making up 28% of all venture funding, according to Crunchbase data.

Noteworthy AI Funding Rounds

The momentum hasn’t slowed down in the fourth quarter of 2024, with remarkable funding rounds making headlines. A prime example is Elon Musk’s xAI, which secured an astonishing $6 billion round in November. This is one of seven AI rounds surpassing the $1 billion mark in 2024, just months after OpenAI raised $6.6 billion.

Major U.S.-Based AI Investments in 2024

• Comprehensive list of U.S.-based AI companies raising over $100 million in 2024.

“AI is not just a trend; it’s a fundamental shift in technology and investment priorities.” – Industry Expert

Industry Expert

This article was originally published on July 13, 2024, and has been updated multiple times to reflect new deals and correct information, such as Glean’s current valuation.