The AI industry is evolving at an accelerated pace and becoming more concentrated. An analysis of 2,278 AI companies that raised funding in 2023 - sourced via Crunchbase - reveals the top ten countries with the leading companies and investors shaping the industry. It also highlights the gap between the top three countries - the United States, China, and the United Kingdom - and the bottom seven countries.
AI Funding By Country
AI companies in the top ten countries raised $114.89B in 2023.
AI companies in the top three countries - the United States, China, and the United Kingdom - raised $98.7B. They commanded 85.9% of the $114.89B. Those in the United States raised $65.65B alone - 57.1% of the $114.89B.
AI companies in the bottom seven countries raised $16.19B. That's only 14.1% of the $114.89B raised by AI companies in the top ten countries in 2023.
AI Companies By Country
2,278 AI companies in the top ten countries raised funding in 2023.
1,754 AI companies call the top three countries home - the United States, China, and the United Kingdom - commanding 77% of the 2,278 AI companies.
Only 524 AI companies call the bottom seven countries home. They represent 23% of the AI companies that raised funding in 2023.
These were the most funded AI companies in the top ten countries at the end of 2023:
1. United States: OpenAI raised $11.3B. OpenAI is an AI research and deployment company that conducts research and implements machine learning.
2. China: Didi raised $23.4B. Didi is a mobility technology platform that offers ride-hailing, taxi-hailing, food delivery, and financial services.
3. United Kingdom: Builder.ai raised $445M. Builder.ai offers a no-code AI-powered app development platform to build and operate software projects.
4. Israel: Mobileye raised $2.13B. Mobileye is a technology company that develops self-driving systems for autonomous public transport.
5. Germany: Aleph Alpha raised $642.77M. Aleph Alpha researches, develops, and implements AI for the public and private sectors.
6. Singapore: Trax raised $1.08B. Trax provides in-store execution tools, market measurement services, and data science solutions for retail.
7. Canada: Miovision raised $358M. Miovision is a traffic optimization company that provides data monitoring, collection, and analysis.
8. Saudi Arabia: Tawal raised $1.42B. Tawal design, build, and manage ICT infrastructure that enables clients to minimize expenses and achieve efficiency.
9. India: Coforge raised $489.46M. Coforge is an IT solutions organization servicing customers in North America, Europe, Asia and Australia.
10. Finland: RELEX Solutions raised $804.05M. RELEX Solutions provides an integrated retail and supply chain planning system that delivers results for customers worldwide.
AI Investors By Country
AI companies in the top ten countries secured 4,852 investors in 2023.
AI companies in the top three countries - the United States, China, and the United Kingdom - secured 3,455 investors. AI companies in the bottom seven countries secured 1,397 investors in 2023.
These were the most frequent AI investors in the top ten countries at the end of 2023:
1. United States: Y Combinator.
2. China: Sequoia Capital China.
3. United Kingdom: Innovate UK.
4. Israel: Intel Ignite.
5. Germany: Techstars.
6. Singapore: Antler.
7. Canada: Creative Destruction Lab.
8. Saudi Arabia: 500 Global.
9. India: Sprint VC.
10. Finland: Business Finland.
Takeaway
2,278 AI companies in the top ten countries raised $114.89B from 4,852 investors in 2023. The 1,754 AI companies in the top three countries - the United States, China, and the United Kingdom - commanded $98.7B (85.9%) of the $114.89B from 3,455 investors. The 1,392 AI companies in the United States raised a dominant $65.65B (57.1%) of the $114.89B alone.