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Q3 2024
Emerging Tech Indicator
December 20, 2024
Early-stage dealmaking is still all about AI
It’s no surprise that AI & ML companies are dominating the early-stage VC investment landscape. Across just angel, seed, and early-stage VC deals in Q3 2024, AI & ML specialists raised $2 billion across 42 deals, according to our latest Emerging Tech Indicator report, suggesting continued investor confidence in the sector.
Since Q4 2023, early VC funding for the space has steadily increased—exemplified by a greater number of high deal values—and the trend remains even though total deal value declined in Q3 due to an oversize $6 billion deal in Q2.
Table of contents
It’s no surprise that AI & ML companies are dominating the early-stage VC investment landscape. Across just angel, seed, and early-stage VC deals in Q3 2024, AI & ML specialists raised $2 billion across 42 deals, according to our latest Emerging Tech Indicator report, suggesting continued investor confidence in the sector.
Since Q4 2023, early VC funding for the space has steadily increased—exemplified by a greater number of high deal values—and the trend remains even though total deal value declined in Q3 due to an oversize $6 billion deal in Q2.
Table of contents
| Introduction | 3 |
| Key takeaways | 4 |
| Deal activity | 5 |
| Areas of investment | 6 |
| ETI deal segment spotlights | 12 |
| AI & ML | 13 |
| Biotech | 16 |
| Fintech | 19 |
| Web3 & DeFi | 22 |
| DevOps | 25 |
| Other notable activity | 28 |
| Venture activity summary | 30 |
| Emerging tech indicator investor ranking | 33 |