While overall U.S. venture capital funding dipped in 2019, the artificial intelligence sector bucked this trend by reaching a new annual high for money raised by startups.
According to the 2019 data from the National Venture Capital Association, 1,356 AI-related companies in the U.S. raised $18.457 billion. That topped the 1,281 companies that raised $16.8 billion in 2018, according to the 4Q 2019 PitchBook-NVCA Venture Monitor.
after Q3 funding surged. They managed to set the new high after $4.0 billion was raised by 267 AI-related startups during the last three months of 2019. That was a slight dip from the $4.4 billion raised in Q3 2019.
Some of the most recent AI fundraising deals in Q4 2019 included, to automate contract management, which