When we look at the declines in tech valuations, it’s tempting to turn to prior down markets for guidance on how a recovery might play out.
Startups
Tech’s biggest software developers, chipmakers and hyperscalers have paid attention — and money — to AI for years, per Crunchbase data.
U.S. seed startups have been the least affected by the venture funding downturn, but these companies are competing in a more crowded field than ever.
With hourly and gig-based workers aplenty, it’s not surprising to see startups are scaling up to address the market.
The numbers don’t lie — or in the very least they tell a clearer story than the prevalent “AI will save the world” narrative.
Indonesia-based aquaculture startup eFishery raised $108 million in a Series D, launching the company into narwhal — uh, unicorn status.
Despite some recent debt rounds from well-known startups that garnered headlines, VC-backed startups in the U.S. have raised about $5.5 billion on...
Turkey-based AI marketing platform Insider locked up another $105 million and plans to use the new cash for M&A dealmaking.
ElevateBio, a Massachusetts-based gene therapy startup, announced $401 million in Series D funding.
![Illustration of man and robot looking at each other. [Dom Guzman]](https://news.crunchbase.com/wp-content/uploads/AI_robotics_Facing-470x352.jpg)
Later-stage investment in AI is hopping with ChatGPT rival Anthropic's Series C and software development platform Builder.ai's Series D.
Some of those sky-high unicorn valuations now seem as real as unicorns.
![Illustration of a guy watering plants with a blocked hose - Global [Dom Guzman]](https://news.crunchbase.com/wp-content/uploads/quarterly-global-3-300x168.jpg)
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