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State of the Market: Early-Stage VC, IPOs and M&A, Consumer AI (Forerunner Ventures)

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ReportForerunner VenturesJanuary 202455 pages83 min readOriginal source
Key number
$11.5 billion
Raised by eight headline foundational AI companies in 2024 p.17
Largest segment
$5.3 billion
Series A dollars raised by AI Enterprise companies in 2024 p.6

Summary

  • AI companies capture a 20-25% premium at Series A compared to non-AI companies.p.5
  • AI Enterprise companies account for 90%+ of the Series A dollars raised in 2024, at $5.3B versus $.5B for Consumer AI.p.6
  • Eight headline foundational AI companies raised over $11.5B in 2024.p.17

Key insights

  1. AI companies show a 21% median pre-money valuation premium and a 25% median deal size premium at Series A.p.5
  2. Eight headline enterprise AI companies raised over $1.4B in 2024.p.20
  3. Big Tech AI investment more than doubled since 2020.p.18

Published by Forerunner Ventures (funder profile)

Topics and entities

USIPOs and listingsM&A and exitsStartup fundingVenture capitalCartaForerunner VenturesPitchBook

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