2024 Review: U.S. AI Companies Raising Over $100M, Led by xAI and OpenAI

Discover how 45 U.S. AI companies raised $32.19B in 2024, with xAI and OpenAI breaking funding records and leading the year of practical AI applications.

After the Frenzy of Generative AI in 2023, 2024 Marks the Year of Practical Applications

The capital market's enthusiasm for this field remains exceptionally strong.

Elon Musk's xAI and industry leader OpenAI each secured $12 billion and $10.6 billion in funding this year (including credit lines), consecutively breaking records for AI funding, an impressive feat given the global economic downturn.

Below is a roundup of U.S.-based AI companies that raised over $100 million this year.

A total of 45 companies raised funds, with a combined total funding amount of $32.19 billion.

Many others secured tens of millions in funding, reflecting a robust AI funding environment in the tech sector.