Quarterly reports from PitchBook and other venture capital tracking platforms

US Venture Capital Funding Hits $55.6 Billion Two-Year High Due to $27.1 Billion AI Investments

Jul 2, 2024, 03:27 PM

US venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years, driven by significant investments in artificial intelligence (AI) startups. Data from PitchBook shows that AI deals have lifted US venture capital funding to its highest level in two years. Notably, $27.1 billion was invested in AI startups despite economic challenges. This trend highlights the growing confidence in AI's potential to revolutionize various industries, including healthcare, agriculture, and cybersecurity. Additionally, $2 billion+ was raised by 8 AI startups last week.