Global investment in AI startups fell to $7.2b in Q2 2020 across 43 countries and the total number of funding deals dropped to 458, the lowest since Q2 2017 when 387 investments were made.
- The total amounts raised in Q1 2020 and Q2 2020 were slightly skewed by large investments in self-driving car company Waymo. If its $2.25b and $750m rounds respectively were removed, it would show a far worse first half of 2020 for total AI funding.
- In Q2 2019, global AI investment totaled $7.4b in 488 deals, which was up from $5.1b in Q1 2019.
- Global VC funding through the first half of 2020 fell to $129b due to COVID-19, its lowest half-year since the first half of 2017:
- Q1 2020 totaled $59.5b in global VC funding, and Q2 2020 totaled $69.5b, up 17% from Q1, and 2% from Q2 2019 which is also a bit skewed. Global VC numbers in this data includes the over $15b raised by Reliance Jio in Q2 2020.
- Q2 2020 data that EXCLUDES the money raised by Reliance Jio shows investment declined by 9% from Q1 2020, and dropped over 23% YoY.
- An NXF survey released in April showed that 60% of VCs reported that early-stage valuations of companies have dropped by 20-30% this year.
- Global seed and angel investment was hit particularly hard in Q2, with only 1,791 deals totaling $2.3b.