Select a cluster for type definition
2023
Notes: 2023 data is through September 19, 2023; clusters created using flourish.studio
Sources: PitchBook; Bain analysis
Global AI funding by type, in millions
2020
AI/machine learning ops
$309
Data management
$138
Foundation models
$44
Enabling infrastructure
$72
Applications
$1,450
$1,100
$2,400
$3,200
$700
$16,300
AI/Machine Learning Ops: Tools to streamline and automate the deployment, training, and management of large language models
Data Management: Tools that enable data cataloging across siloed databases, labeling for model training, and insights into how to use the data
Applications: Software powered by foundation models to address specific business or societal challenges using language processing, computer vision, and recommendation systems
Enabling Infrastructure: Hardware, networking setups, software frameworks, and tools that underpin the development, deployment, and seamless functioning of AI solutions
Foundation Models: Fundamental models underpinning AI development, solutions, and applications (open- or closed-source)
$500M
200
50