Global Venture Funding Rises in 2024, Driven by AI Investment Surge

Artificial intelligence captures a record share of venture capital, with late-stage funding and billion-dollar rounds fueling growth.

Global venture capital funding reached $368.5 billion in 2024, a 5.4% increase from 2023, though the number of deals fell by 17%.
AI companies received over $131 billion in funding, accounting for 35.7% of global deal value, with foundation model companies and applied AI sectors leading the charge.
The fourth quarter of 2024 saw a significant funding push, with $93 billion raised, marking the highest quarterly total since late 2022.
Late-stage funding surged in Q4, with billion-dollar rounds contributing 19% of total funding, including major deals for OpenAI, Databricks, and xAI.
U.S.-based companies captured 57% of global funding, with the San Francisco Bay Area experiencing a boom from AI investments.