Silicon Valley startups attracted more than half of all global investments in 2024

In 2024, startups located in the San Francisco Bay Area attracted $90 billion in venture capital investments, accounting for 57% of the total global funding of $178 billion.

Companies related to artificial intelligence played a key role in this success. OpenAI, based in San Francisco, has become a hub for the AI industry and significant venture capital investments. Among other successful projects are Databricks with a record $10 billion, Elon Musk's xAI which raised $12 billion, Waymo from Mountain View with $5.6 billion, Anthropic with over $8 billion, as well as major investments in Scale AI and Perplexity.

Silicon Valley maintains its leadership in artificial intelligence, the largest technology trend of 2024, and is home to giants such as Google, Nvidia, and Salesforce. Long-term infrastructure for startups, including Y Combinator and venture capital firms on Sand Hill Road, also contributes to their success.

Source: Techcrunch