- There are a record number of 9,977 machine learning startups and companies in Crunchbase today, an 8.2% increase over the 9,216 startups listed in 2020 and a 14.6% increase over the 8,705 listed in 2019.
- Artificial Intelligence (A.I.) and machine learning (ML)-related companies received a record $27.6 billion in funding in 2020, according to Crunchbase.
- Of those A.I. and machine learning startups receiving funding since January 1, 2020, 62% are seed rounds, 31% early-stage venture rounds and 6.7% late-stage venture capital-funded rounds.
- A.I. and machine learning startups’ median funding round was $4.4 million and the average was $29.8 million in 2020, according to Crunchbase.
Throughout 2020, venture capital firms continued expanding into new global markets, with London, New York, Tel Aviv, Toronto, Boston, Seattle and Singapore startups receiving increased funding. Out of the 79 most popular A.I. & ML startup locations, 15 are in the San Francisco Bay Area, making that region home to 19% of startups who received funding in the last year.
Israel’s Tel Aviv region has 37 startups who received venture funding over the last year, including those launched in Herzliya, a region of the city known for its robust startup and entrepreneurial culture. Please see the Source…