CB Insights State of AI Report

Venture slowed significantly in 2023, but generative AI (of course) was a highlight in an otherwise down market.

Here are the key findings in CB's report, which can be downloaded here.

• In 2023, AI startups raised $42.5B across 2,500 equity rounds.
• In 2023, AI startups raised $42.5B across 2,500 equity rounds.
• The US saw AI funding jump 14% YoY in 2023, fueled by mega-rounds.
• Generative AI dominated in 2023, attracting 48% of all AI funding.
• AI deals got bigger in 2023, with the average deal size climbing 21% YoY to $23.4M.
• M&A exits rebounded in 2023 to 311 — nearly tying 2021’s all-time high.
• The AI sector minted 22 new unicorns in 2023, down 39% from 2022.
• Google was the most active investor in AI in Q4’23, backing 9 AI startups.

CB Insights also publishes the AI 100 most promising startups:

https://www.cbinsights.com/research/artificial-intelligence-top-startups-2023/

If you need help crafting a message to the fastest growing AI companies, or would like to learn content marketing or go-to-market strategy, feel free to DM me directly.