In 2019, the technological advances rate of artificial intelligence technology has outpaced Moore’s Law, and venture investments in the AI field set a new record.
According to the National Venture Capital Association, in total in 2019, 1,356 AI-related companies raised $18.457 billion in the US, which is over 1.5 billion more than in 2018.
The new record was set despite the general decline in venture investments. In 2019 the total number was $136.5 billion, meaning that last year more than 13% venture deals were AI-related.
The most recent deals include VC investments in Evisoft’s tool to automate contract management, in Huckleberry’s AI tool to match businesses with insurance, and in Anyscale, that helps developers implement AI.