“As part of an annual look at global AI investment trends, CB Insights today reported that AI startups raised a record $26.6 billion in 2019, spanning more than 2,200 deals worldwide. That’s compared to roughly 1,900 deals totaling $22.1 billion in 2018 and about 1,700 deals totaling $16.8 billion in 2017.” https://venturebeat.com/2020/01/22/cb-insights-ai-startup-funding-hit-new-high-of-26-6-billion-in-2019/
Tag: startup
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
“Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a…
1 big thing: The world is catching up on AI
“Last year for the first time ever, the U.S. share of global artificial intelligence startup funding deals fell to less than half the world’s total. The U.S. was home to nearly 75% of all deals in 2013, data shows, but is fast losing share in the startup market — a key driver of innovation. The…