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Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble didn't burst in 2024, according to data from financial trackers.
“We aren’t seeing a slowdown in generative AI funding, as big names like OpenAI, Anthropic, and xAI continue to secure major raises and release new, competitive products,” said Ali Javaheri, an emerging technology analyst at PitchBook, in an interview. To his point, no fewer than four companies developing AI coding assistants — Augment, Magic, Codeium, and Poolside — closed rounds exceeding $100 million last year. And a host of generative media startups (e.g. Black Forest Labs, ElevenLabs) have recently secured tens of millions of dollars in funding at sky-high valuations.
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