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AI Startups Are Still Magnets for VC Funding

In a funding environment where most things have been on their way down, one area is still headed up, up, up: artificial intelligence.

Investments in AI startups have been on a steep incline over the past five years, increasing from $282 million in 2011 to $2.4 billion in 2015, according to CB Insights. That growth has continued into the current year, and you can expect to see more into the future according to the Q2 Venture Pulse report from venture capital research firm CB Insights and auditing firm KPMG.

"AI is an area that has experienced rapid growth over the last five years and is poised for further growth over the next year," according to the report, released today. "The relative resilience of this industry can be attributed to the fact that AI technologies underpin countless innovations, from driverless cars to robo advisory platforms."

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