AI Firms Raise Total of $12 Billion in Third Quarter
SMRTR summary
Artificial intelligence startups continue to attract substantial venture capital, raising a record $53 billion year-to-date despite market volatility. In Q3 2024, AI firms secured $11.8 billion, 30% of global VC investments. VanEck is launching a $30 million fund for AI and blockchain innovations. Legal tech startup EvenUp reached unicorn status with a $135 million Series D round. These developments underscore AI's growing influence across sectors and its potential to transform industries like finance and law.
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