While generative AI dealmaking slowed in Q3, the vertical remains top of mind for investors and startups.
AI startups are still catching sky-high valuations, powered by all-in bets by Big Tech incumbents such as Amazon, which invested $4 billion in Anthropic in September. The deal is one of the latest in a long list of large rounds like Cohere‘s $270 million Nvidia-backed Series C and Inflection‘s blockbuster $1.3 billion Series B led by Microsoft, Reid Hoffman and Nvidia.
Investors poured $21.4 billion into generative AI startups this year through Sept. 30, up from $5.1 billion in 2022, according to PitchBook data.
These are the 10 generative AI startups that have raised the most capital from the investors betting on them to be the future of the vertical.
Featured image by Drew Sanders
Learn more about our editorial standards.