Top VC Firms Investing In AI Right Now

With close to driverless cars, robots to automate menial tasks, smart virtual assistants to solve your doubts in milliseconds or robots to map diseases, AI is the heart of most intelligent products and services today. The global AI market was valued at $62.35 billion in 2020 and is only expected to develop at a compound annual growth rate of 40 per cent in the next decade. Given this colossal maturation, it comes with no surprise that VC firms are investing in the technology at a heavy pace. VC investors across public and private sectors are becoming increasingly interested in having their share in this tremendously growing sector. PWC's 2020 Money Tree Report outlined AI as an emerging area in the market, with $11.5 billion being invested in AI companies during the first three quarters of last year.