« back to reports
Artificial Intelligence & Machine Learning Report

2021 Annual

Artificial Intelligence & Machine Learning Report

February 25, 2022

Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.

Maturing data science infrastructure drives record VC funding for AI startups

Artificial intelligence startups are riding high on rapid enhancements to open-source models, such as multilingual translations and deployment of computer vision along with text analysis.

However, VC funding in AI and machine learning startups demonstrated weakness in 2021 and grew less robustly than software VC overall. Startups in the sector collected $115 billion in 2021, growing only 87.2% year-over-year from $61.4 billion in 2020.

Our 2021 Annual AI & ML Report deep dives into the vertical’s investment activity and trends, comprehensively assessing emerging opportunities across market segments like horizontal platforms, semiconductors and autonomous machines.

Table of contents
Vertical overview 3
2021 timeline 5
AI & ML VC ecosystem market map 7
VC activity 8
Segment overview 9
Horizontal platforms 10
Vertical applications 19
Semiconductors 30
Autonomous machines 38
Appendix 46