Sign up for a daily newsletter defining what matters in business and markets

Stories

AI startups net record funding in Q2

Adapted from CB Insights; Chart: Axios Visuals

Artificial intelligence startups generated their highest level of funding ever in this year's second quarter, according to research firm CB Insights.

By the numbers: The number of deals in the startup AI space rose to 488, the second-highest number on record, trailing only the 513 deals notched in the second quarter of 2018.

  • More than 3,600 AI startups have raised $66 billion since 2013 in over 70 countries, data shows.
  • At least 10 companies raised $100 million "mega-rounds" during the quarter. Eight of the top 10 were U.S. companies, with China's Face++ and France's Meero also on the list.

Go deeper: AI learns to write headlines (but not this one)