Number of $100M+ rounds in AI / ML, 2014 to 2023 $1B+ $250M-$1B 150 $100M-$250M 125 100 s d n u o 75 r f o # 50 25 0 e S e S e S e S e S e S e S e S e S e S p U p U p U p U p U p U p U p U p U p U o o o o o o o o o o ur ur ur ur ur ur ur ur ur ur E E E E E E E E E E 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Notes: 2023 data is based on data to Sources: Powered by September 2023. Excludes the following: biotech, secondary transactions, debt, lending capital, and grants. | 146