Silicon Valley is so dominant again, its startups devoured over half of all global VC funding in 2024

Silicon Valley is so dominant again, its startups devoured over half of all global VC funding in 2024
techcrunch.com

by Julie Bort • 30 days ago

In 2024, the Bay Area dominated global venture capital (VC) funding, attracting $90 billion, or 57% of the total $178 billion. Key players included OpenAI, Databricks, and Elon Musk’s xAI, which collectively raised substantial amounts. This success is attributed to the region's strong AI presence, established startup ecosystem, and concentration of skilled engineers, reinforcing its status as the premier location for venture-backed startups despite concerns about San Francisco's decline.

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