This announcement marks the third consecutive quarter AI funding exceeded $1 billion. The sector amassed $1.03 billion in funding during the first quarter and $1.13 billion during the second quarter. The number of funding deals in the third quarter reached 91, a slight increase from 89 reported deals in the second quarter.
There were two “mega-rounds” of more than $100 million in funding in the third quarter, according to the report. Nauto, a startup focused on autonomous vehicles, reported $159 million in a Series B funding round. Indigo Agriculture, a startup focused on the plant microbiome, raised $156 million in a Series D funding round.
Click here to view the full report.
More articles on artificial intelligence:
Microsoft establishes $3.5M competition for AI startups
Google Research expands healthcare team with UChicago Medicine hire
UC San Diego, IBM to launch ‘artificial intelligence for healthy living’ center
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
