State of AI 2023 Report

State of AI Global |2023recap Global data and analysis on dealmaking, funding,and exits by private marketAIcompanies Makesmartertech decisions. Our platform will help youdiscover, understand, andmanageyour response to emerging tech. Make confidenttech decisions that drive growth, improve operations, andbeat the competition with CB Insights. ▮▮▮▮IIIITry our platform–free!Sign up for a free trial ContentsState of AI Investment Trends6Unicorns29Exit Trends35 Geographic Trends41 US42Silicon Valley50New York54Boston58Asia62China70Japan74Europe78United Kingdom86Germany90France94 “Steal” our data. Download the underlying data in this report. If you createany analysis or visualizations with this data, send it ourway and you could be featured in the CBI newsletter.@ us on social–LinkedIn X (Twitter)Instagram Global Trends Investment Trends State of AI|Global Trends|Investment Trends Annualequityfunding & deals State of AI|Global Trends|Investment Trends Quarterlyequityfunding & deals State of AI|Global Trends|Investment Trends Percent of quarterly deals by global region State of AI|Global Trends|Investment Trends Percent of quarterly deals by investor group State of AI|Global Trends|Investment Trends Annualaverage& median deal size State of AI|Global Trends|Investment Trends Annual median deal size by global region State of AI|Global Trends|Investment Trends Annual median deal size by investor group State of AI|Global Trends|Investment Trends Annual funding & dealsfrom mega-rounds (deals worth $100M+) State of AI|Global Trends|Investment Trends Quarterly mega-round funding & deals State of AI|Global Trends|Investment Trends State of AI|Global Trends|Investment Trends Quarterly mega-round deals by global region State of AI|Global Trends|Investment Trends Quarterly mega-rounds as percent of funding State of AI|Global Trends|Investment Trends Annual percent of deals by deal stage State of AI|Global Trends|Investment Trends Regional deal share by deal stagein Q4’23 State of AI|Global Trends|Investment Trends Annual median funding by deal stage Global: Top Series C deals in Q4’23 Unicorns State of AI|Global Trends|Unicorns State of AI|Global Trends|Unicorns State of AI|Global Trends|Unicorns Quarterly new unicorns by global region State of AI|Global Trends|Unicorns Global: Top unicorn births in Q4’23 State of AI|Global Trends|Unicorns Exit Trends Annual exits Quarterly exits State of AI|Global Trends|Exit Trends Percent of quarterlyexits by global region Global: Top M&A exits in Q4’23 State of AI|Global Trends|Exit Trends Global: Top IPOs in Q4’23 Geographic Trends US Trends Annual funding & deals State of AI|Geographic Trends|US Trends Quarterly funding & deals State of AI|Geographic Trends|US Trends Annual percent of deals by deal stage Annual exits Quarterly exits State of AI|Geographic Trends|US Trends Silicon Valley Quarterly funding & deals State of AI|Geographic Trends|Silicon Valley Annual percent of deals by deal stage Silicon Valley: Top equity deals in Q4’23 New York State of AI|Geographic Trends|New York Quarterly funding & deals State of AI|Geographic Trends|New York Annual percent of deals by deal stage Boston State of AI|Geographic Trends|Boston Quarterly funding & deals State of AI|Geographic Trends|Boston Annual percent of deals by deal stage Boston: Top equity deals in Q4’23 Asia Trends Annual funding & deals Quarterly funding & deals State of AI|Geographic Trends|Asia Trends Annual percent of deals by deal stage Annual exits Quarterly exits China State of AI|Geographic Trends|China Quarterly funding & deals State of AI|Geographic Trends|China Annual percent of deals by deal stage China: Top equity deals in Q4’23 Japan State of AI|Geographic Trends|Japan Quarterly funding & deals State of AI|Geographic Trends|Japan Annual percent of deals by deal stage Europe Trends Quarterly funding & deals State of AI|Geographic Trends|Europe Trends Annual percent of deals by deal stage Quarterly exits United Kingdom State of AI|Geographic Trends|United Kingdom Quarterly funding & deals State of AI|Geographic Trends|United Kingdom Annual percent of deals by deal stage Germany State of AI|Geographic Trends|Germany Quarterly funding & deals State of AI|Geographic Trends|Germany Annual percent of deals by deal stage France State of AI|Geographic Trends|France Quarterly funding & deals State of AI|Geographic Trends|France Annual percent of deals by deal stage France: Top equity deals in Q4’23 State of AI Geography notes: Israel funding figures are classified inEurope.FundingtoCanada, Latin America, Oceania,and Africa isincluded in global figures but not spotlighted in this report. No buyouts, consolidations, or recapitalizations. All three ofthese transaction types are commonly employed by privateequity firms and are tracked by CB Insights. However, they areexcluded for the purposes of this report