Report · October 2024
State of AI Report 2024 The funding data
AI companies raised $127B of venture funding in 2024, and 70% of it went to companies in the United States. Dealroom supplied the funding data for the State of AI Report 2024 by Nathan Benaich and Air Street Capital. Three charts from that work, with full-year figures as Dealroom counts them today.
From the report
1.1 AI funding
Companies headquartered in the United States raised $89B, 70% of the total. Europe raised $16B and China $9B.
State of AI Report 2024 · AI funding
AI companies raised $127B of venture funding in 2024, 67% more than in 2023
Venture funding into AI companies, by headquarters region. Per year, 2016 to 2024.
Venture rounds only, excluding grants and private placements. Full-year figures as Dealroom counts them today, so they can differ from the numbers in the printed report.
1.2 By country
$89B against $9B. The United Kingdom was third with $5.9B, ahead of France and Germany.
State of AI Report 2024 · By country
US companies raised 10 times as much for AI in 2024 as the next country, China
The ten countries whose AI companies raised the most, 2024. Venture funding by company headquarters.
1.3 Generative AI
That is $51B of $127B. In 2021, the previous peak year for AI funding, generative AI took 8%.
State of AI Report 2024 · Generative AI
Generative AI companies raised 40% of AI venture funding in 2024, up from 10% in 2022
AI venture funding: generative AI and other AI. Per year, 2019 to 2024.
Generative AI = Dealroom’s generative AI sector tag.
About the report
2.1 Conclusion
What this means
AI venture funding recovered in 2024 after two weaker years, led by US companies and by generative AI, which took two in five dollars invested in AI.
These charts are Dealroom’s contribution to the State of AI Report 2024. The full report, by Nathan Benaich and Air Street Capital, is at stateof.ai.
2.2 The partners
Air Street Capital and Dealroom.co
A venture capital firm investing in AI-first companies
Air Street Capital is run by Nathan Benaich, who has published the State of AI Report every year since 2018. The report reviews the year in AI research, industry, politics and safety, and makes predictions for the next twelve months.
The global startup and venture capital intelligence platform
Dealroom.co is used to discover and track the most promising companies, technologies and ecosystems. It supplied the funding data in the State of AI Report 2024.
Read the State of AI Report
Research, industry, politics and safety, by Nathan Benaich and Air Street Capital.