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Hardware acceleration drives AI VC returns
Investors are scattering bets widely in the AI market, but only one category has been a reliable producer of exits for venture-backed companies, our latest Artificial Intelligence & Machine Learning Report explains.
The IPO of Astera Labs, which makes AI hardware for datacenters, continued that trend in Q1 with a towering revenue multiple. That debut followed last year’s blockbuster IPO of semiconductor specialist Arm. And there’s more to come: Chipmaker Cerebras, last valued at $4 billion, is readying an IPO.
Table of contents
| Vertical update | 3 |
| Q1 2024 timeline | 4 |
| AI & ML landscape | 5 |
| AI & ML VC ecosystem market map | 6 |
| VC activity | 7 |
| Emerging opportunities | 15 |
| Inference engines | 16 |
| Information security LLMs | 19 |
| Select company highlights | 22 |
| Anthropic | 23 |
| Databricks | 26 |