AI deals lift US venture capital funding to highest level in two years, data shows

Quick Summary:

U.S.venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on Wednesday.

The latest figure shows a 47 per cent jump from the $37.8 billion U.S.

Large firms dominated the fundraising, with Andreessen Horowitz alone closing new funds with more than $7 billion.

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Category: EconomyBusiness

Markets: Singapore

Topics: Data Second Capital Quarter Raised Year Companies Returns Billion Funding First

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 12:05:15 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21467597

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