Posted 1/25/2024, 12:00:14 PM
AI Funding Remains Strong Despite Slower 2023 Pace
- Voice AI startup ElevenLabs raised $80M at a $1B+ "unicorn" valuation, a 10x jump since last year
- AI startup Anthropic reportedly seeking $750M at an $18B valuation, a 4.5x jump in 9 months
- Toronto's Cohere said to be raising $500M-$1B at a "significantly higher" valuation than $2.2B last year
- While 2023 AI funding is slower than 2022 so far, valuation jumps show investor appetite remains strong
- Examples like Briq (using AI in construction) and AiDash (using satellites & AI to help utilities) show wider AI adoption