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Artificial Intelligence & Machine Learning Report

Q3 2023

Artificial Intelligence & Machine Learning Report

December 5, 2023

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

AI agents poised to disrupt SaaS

Despite the VC downturn, generative AI remained strong in Q3, according to our latest Emerging Tech Research. While much of the excitement has been fueled by Big Tech giants pouring billions into generative AI startups, PitchBook tracked 1,650 VC deals worth $21.1 billion in Q3 within the AI & machine learning vertical as a whole.  

And there are still untapped opportunities within the vertical, including AI agents, coding automation, and AI hardware. 


Table of contents
Vertical overview 3
Q3 2023 timeline 4
AI & ML landscape 5
AI & ML VC ecosystem market map 6
VC activity 7
Emerging opportunities 15
       AI agents 16
       Code automation 19
       Ambient AI 22
Select company highlights 25
       Databricks 26
       DataRobot 29