2024-09-29-PitchBook-PitchBook年二季度新兴技术指标（英）_40页_4mb

EMERGING TECH RESEARCH: Q2 2024 GLOBAL MARKET SUMMARY

Deal Activity & Investment Trends

• Record-setting Q2 2024 investment: ETI funds invested $11.9B across 168 deals, driven by AI's $6B xAI Series B, a 234% increase from Q1's $3.5B. (Median deal size: $7.0M post-pandemic normalized at $7.0M).
• Sector dominance: AI & ML led with $8.4B (44% of Q2 value), followed by biotech at $1.55B, fintech at $0.31B, and infosec at $0.29B. Fed/hardware and Web3/DeFi declined (-28%).
• Regional shifts: Europe's share fell to 15% (from 20%), China's stabilized at 0.6%, US maintains 85% globally.

🔹 Sector Performance By Area

1. Artificial Intelligence & Machine Learning (AI & ML):

   • Current Market Impact: Leading the investment surge with $8.4B in 168 deals (peak in deal velocity seen in Q2).
   • Key Deals: Highlighted by xAI's $6B Series B, Mistral AI's $650M Series B, and over $1B invested in Altair, H Co., and Suno.

2. Biotech

   • Investment Rises: $1.55B across 31 deals, up from Q1, reflecting increased integration of AI in drug discovery platforms (Xaira, Upstream Bio, Diagonal Therapeutics).

3. Fintech

   • Growing Market Value: Record $308.4M invested across 19 ETI deals, with key growth in payments (Adonis, Anrok) and corporate expense management (Clara).

4. Information Security (Infosec)

   • Steady Growth: $290.1M across 12 deals, notable investments in start-ups Llumos, OASIS (non-human identity), and Cape's Series B.

5. Health & Wellness Tech

   • Investments Bounce Back: $230.8M in 14 transactions, tech platforms focused on healthcare (Function Health, Pomelo Care, Valar, Anterior, Fay) and virtual care services leading funding activity.

6. Web3 & Financial Technology:

   • Market Correction Continues: Decreased 25% in total funding from $294.7M to $220.1M, affecting deal count.

7. Space Tech

   • Record Quarter: Highest funding ever, with $188.5M across three deals (Apex, Varda, Basalt Tech), showing focus on affordable orbital transportation and space manufacturing.

8. Climate Tech & Early-Stage Space Innovations

   • Emerging Opportunities: Complementary areas with growing investor interest.

Putting It All Together

Global venture investment dynamics remain strong, particularly in AI & ML applications across fintech, biotech, and health & wellness. The notable increase in large-deals, especially in AI, signals accelerating market consolidation. While certain sectors like Web3 experienced corrections, the overall trends point to continued investor confidence in emerging technologies, coupled with a reaffirmation of growth-oriented deals.