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Posted by Phil Alsop on 04 July 2024 at 12:06 pm
  • news

According to data presented by, AI startups have achieved an unprecedented feat, raising a staggering $33 billion in the first half of 2024, the highest H1 figure in the market's history.

Almost 90% of the 2023 Total Raised in Just Six Months

Ever since the Nvidia boom, AI startups have become a new shiny object for VC investors, drawing much more fresh capital than most other sectors. According to Crunchbase data, companies and startups in this market have raised over $150 billion in funding rounds in the past three years, with 2021 as the record year for investments.

That year alone, VC investors poured over $48 billion of fresh capital into the market, the highest figure to date. Statistics show that 2022 saw $32.7 billion in VC investments, which increased to $37.2 billion last year. However, 2024 could set a new record, with AI startups almost outperforming 2023 figures in just six months.

The first quarter saw $8.2 billion invested in venture-backed AI startups, nearly 80% more than in the same period a year ago, which saw $4.6 billion worth of investments. While $8.2 billion of fresh capital is quite an impressive figure, that is nothing compared to money raised in the second quarter of the year. In Q2, VC funding activity skyrocketed by 240% year-over-year to $24.8 billion, the highest quarterly figure in the market's history.

With $24.8 billion raised in Q1, the total H1 funding amount

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