Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $ 3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $ 6.6 billion round.) And $ 2.9 billion of that funding […]
Our favorite startups from Pear VC’s invitational demo day
Pear VC, a prominent pre-seed and seed-focused venture firm, has been running an accelerator for about a decade with about 10 startups in each batch. Over those years, the small but mighty program has helped launch numerous companies like Viz.ai, whose FDA-approved AI can diagnose strokes (and was valued at $ 1.2 billion in 2022), […]
Data center tech is exploding but adoption won’t be easy for startups
The data center industry is expanding rapidly to keep up with the flywheel growth of AI. While these data centers are necessary AI infrastructure, they store an AI company’s compute, they are expensive to build, seemingly more so to run, and they are a huge energy suck. Startups are looking to make data centers more […]
Here’s the full list of 39 US AI startups that have raised $100M or more in 2024
For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $ 18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The third quarter also saw the close […]
New rounds will help startups challenge well-funded rivals
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. It was once again the private market that generated the most funding-related news in the startup world this week, both for companies and for funds. But it […]