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Laxman Pai, Opalesque Asia: With three US-based companies-Cruise, Robinhood, and Databricks-collectively attracting $12.8 billion worth of venture capital (VC) funding, the USA dominated the list of the global top five VC-funded companies in 2021, said a study.
According to a report by GlobalData, advancements in emerging technologies have boosted global VC investors' confidence in US-based companies.
Autonomous vehicles, fintech, electric batteries, e-commerce, and artificial intelligence (AI) found the most favor with VC investors in 2021, the report said.
"The US, which has several companies working in such emerging areas, managed to dominate the list of top five VC funded companies during the year. The list also featured one company each from China and India," said Aurojyoti Bose, Lead Analyst at GlobalData.
US-based autonomous vehicles firm Cruise raised the highest amount of VC funding during 2021 among all of the companies on the list with $6.5 billion.
The cruise was followed by fintech firm Robinhood, which raised $3.7 billion, and AI firm Databricks, which raised $2.6 billion.
Other companies on the list of top five VC-funded companies in 2021 included China-based electric batteries manufacturer Honeycomb Energy and Indian e-commerce company Flipkart Internet, which recorded disclosed funding values of $3.7 billion and $3.6 billion, respectively. ...................... To view our full article Click here
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