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Laxman Pai, Opalesque Asia: Artificial intelligence (AI) startups have raised over $50 billion in venture capital (VC) funding in 2022 globally, reveals a study.
The GlobalData report said 3,198 AI startups received $52.1 billion in funding across 3,396 VC funding deals during 2022. VC funding deal volume as well as value in the AI space declined in 2022 compared to the previous year.
However, 2022 experienced subdued VC funding activity across sectors and the AI space also felt the brunt of a dent in investor sentiments, pointed out the report.
Although VC funding deal volume as well as value in the AI space declined in 2022 compared to the previous year, the impact was more prominent in terms of value.
AI deal volume experienced a fluctuating quarter-on-quarter (Q-o-Q) trend throughout 2021 and 2022. Meanwhile, deal value declined for six straight quarters through Q3 2022. However, there was a rebound in both VC funding deals volume and value in Q4 2022.
Some of the notable VC deals announced in the AI space during 2022 include $1.5 billion fundraising by Anduril Industries, $580 million raised by Anthropic, and $500 million fundraising by Black Sesame Intelligent Technology.
"The number of VC funding deals announced in AI space globally declined by 4% in 2022 compared to the previous year, whereas the value of the corresponding deal was down by a massive 41.8%," said Aurojyoti Bose, Lead Analyst at GlobalData.
"The subdued VC funding activity in the...................... To view our full article Click here
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