
VCs Raise $74.9 Billion for AI in 2024; 80% of Security Leaders Prefer GenAI Amid Non-AI Startups' Funding Struggles
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.
Sources
TechRepublicCrowdStrike Survey Highlights Security Challenges in AI Adoption https://t.co/spgYHEOzcX #technews #technology
Talk AI Today🚀🇺🇸 The AI gold rush is leaving non-AI startups in the dust, struggling to secure funding while AI ventures snag billion-dollar valuations. It's the tale of two startups: AI vs. everyone else in the fundraising arena! https://t.co/1baRrbZMWv
TechmemeAmid the AI boom, non-AI companies that raised a Series A 18 months ago are likely facing challenges in securing their Series B, even with decent revenue growth (@mtemkin / TechCrunch) https://t.co/27vgcCvaIv https://t.co/igekRKtuDW https://t.co/ZOzeer1FAj
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