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Dec 17, 07:22 PM
VCs Raise $74.9 Billion for AI in 2024; 80% of Security Leaders Prefer GenAI Amid Non-AI Startups' Funding Struggles
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VCs Raise $74.9 Billion for AI in 2024; 80% of Security Leaders Prefer GenAI Amid Non-AI Startups' Funding Struggles

Authors
  • TechCrunch
  • Techmeme
  • TechRepublic
10

In 2024, venture capital investments in artificial intelligence (AI) have surged, with $74.9 billion raised year-to-date, marking a record-breaking year for the sector. However, this AI boom has created a stark contrast for non-AI startups, which are reportedly struggling to secure funding. Many of these companies, particularly those that raised Series A funding 18 months ago, are facing challenges in obtaining Series B financing despite showing decent revenue growth. A recent survey indicated that 80% of security leaders prefer platform-based Generative AI (GenAI) tools, with 63% willing to overhaul their current security systems to adopt this technology. This highlights a growing preference for AI solutions in the cybersecurity space, even as non-AI companies find themselves at a disadvantage in the fundraising landscape.

Written with ChatGPT (GPT-4o mini).

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