Almost Half of VC Funding Raised Last Year Went to Startups in One Category

AI startups captured a record-high portion of the funding pie last year.

According to PitchBook data released on Tuesday and obtained by Bloomberg, venture capitalists poured $209 billion total into U.S. startups in 2024 — and nearly half of that funding, or a record $97 billion, went towards startups focusing on AI.

The amount raised by this one category of startups is more than the entire amount of startup funding raised by early-stage companies in Europe and Asia. Europe saw funding for all startups reach $61.6 billion in 2024 while funding in Asia hit $75.9 billion.

Related: 4 Ways AI Startups Can Avoid Becoming Obsolete

In the United States, AI companies like

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