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AI startups raised $18.5 billion in 2019, setting new funding record

[2020.01.14, Tue 10:05] 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. 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. Some of the most recent AI fundraising deals in Q4 2019 included, $15 millon raised by Evisort to automate contract management, $18 million raised by Huckleberry which uses AI to match small businesses with insurance, and $20.6 million raised by Anyscale to simplify writing AI and machine learning applications. NVCA reported that $136.5 billion was raised across 10,777 deals across 2019. In 2018, according to NVCA's revised figures, $140.2 billion was raised across 10,542 deals.
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