AI startups continue to see strong cash injections despite the overall decline in venture capital funding. According to data from Stocklytics, AI startups have raised $11.8 billion in the past 90 days, accounting for 30% of total venture capital funding in Q3 2024.
Despite U.S. export restrictions on AI chips and valuation uncertainties, investor interest remains strong. âThe $11.8 billion in new capital is similar to the quarterly figures seen throughout 2023 and 2024,â said Neil Roarty, analyst at Stocklytics.
According to Crunchbase data, about $53 billion has been invested in the AI ââsector this year. Cosmo Jiang, portfolio manager at Pantera Capital, highlighted the opportunities in the convergence of AI and crypto technologies. VanEck has announced a new venture fund focused on AI and crypto startups.
What do you think about investorsâ strategies at the intersection of AI and blockchain? We welcome your comments.