Estimated funding raised by privately held AI companies by country
Money raised by privately held AI companies through venture capital, private equity, and mergers and acquisitions. This includes CSET's own estimates for deals where the amount wasn't disclosed. Expressed in US dollars, adjusted for inflation.
Countries reporting
80
Highest
301.02 billion constant 2021 US dollars
United States
Lowest
0 constant 2021 US dollars
Mauritius
Median
80.80 million constant 2021 US dollars
Years covered
10
2016–2025
Data points
743
What the numbers show
Estimated funding raised by privately held AI companies is currently reported for 80 countries. The highest value is 301.02 billion constant 2021 US dollars in United States; the lowest is 0 constant 2021 US dollars in Mauritius.
The median across all reporting countries is 80.80 million constant 2021 US dollars, and the mean is 5.37 billion constant 2021 US dollars.
Over the past decade 48 countries rose and 13 fell. The largest increase was in Malta (up 204,939.0%), and the largest decrease in Albania (down 100.0%).
Estimated funding raised by privately held AI companies: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United States | 301.02 billion constant 2021 US dollars | 2025 | up 1,278.3% | volatile |
| 2 | Germany | 22.01 billion constant 2021 US dollars | 2025 | up 1,783.7% | volatile |
| 3 | China | 17.18 billion constant 2021 US dollars | 2025 | up 204.2% | rising |
| 4 | Singapore | 14.96 billion constant 2021 US dollars | 2025 | up 8,131.0% | volatile |
| 5 | United Kingdom | 10.18 billion constant 2021 US dollars | 2025 | up 189.2% | volatile |
| 6 | Canada | 9.56 billion constant 2021 US dollars | 2025 | up 413.4% | volatile |
| 7 | Spain | 9.37 billion constant 2021 US dollars | 2025 | up 4,871.6% | volatile |
| 8 | Sweden | 8.44 billion constant 2021 US dollars | 2025 | up 11,222.5% | volatile |
| 9 | France | 6.01 billion constant 2021 US dollars | 2025 | up 567.6% | volatile |
| 10 | Israel | 4.63 billion constant 2021 US dollars | 2025 | up 693.1% | volatile |
| 11 | Saudi Arabia | 3.11 billion constant 2021 US dollars | 2025 | up 157.0% | volatile |
| 12 | India | 3.01 billion constant 2021 US dollars | 2025 | up 1,095.1% | volatile |
| 13 | Switzerland | 2.90 billion constant 2021 US dollars | 2025 | up 528.7% | volatile |
| 14 | Malta | 2.27 billion constant 2021 US dollars | 2025 | up 204,939.0% | volatile |
| 15 | Brazil | 1.44 billion constant 2021 US dollars | 2025 | up 7,848.8% | volatile |
| 16 | Japan | 1.36 billion constant 2021 US dollars | 2025 | down 34.8% | falling |
| 17 | Netherlands | 1.33 billion constant 2021 US dollars | 2025 | up 91.5% | rising |
| 18 | Australia | 1.30 billion constant 2021 US dollars | 2025 | up 973.7% | volatile |
| 19 | United Arab Emirates | 1.15 billion constant 2021 US dollars | 2025 | up 102,107.0% | volatile |
| 20 | South Korea | 1.08 billion constant 2021 US dollars | 2025 | up 482.8% | volatile |
| 21 | Belgium | 626.20 million constant 2021 US dollars | 2025 | up 715.7% | volatile |
| 22 | Austria | 545.40 million constant 2021 US dollars | 2025 | up 7,951.4% | volatile |
| 23 | Czechia | 534.46 million constant 2021 US dollars | 2025 | up 11,734.7% | volatile |
| 24 | Denmark | 531.09 million constant 2021 US dollars | 2025 | up 1,781.6% | volatile |
| 25 | Finland | 524.36 million constant 2021 US dollars | 2025 | down 9.5% | volatile |
| 26 | Norway | 522.68 million constant 2021 US dollars | 2025 | up 2,986.3% | volatile |
| 27 | Poland | 516.79 million constant 2021 US dollars | 2025 | up 2,309.1% | volatile |
| 28 | Ireland | 489.01 million constant 2021 US dollars | 2025 | up 121.0% | volatile |
| 29 | Italy | 484.80 million constant 2021 US dollars | 2025 | up 2,160.0% | volatile |
| 30 | Portugal | 423.36 million constant 2021 US dollars | 2025 | up 2,105.8% | volatile |
| 31 | Mexico | 403.16 million constant 2021 US dollars | 2025 | up 1,883.8% | volatile |
| 32 | Vietnam | 228.93 million constant 2021 US dollars | 2025 | up 10,038.7% | volatile |
| 33 | South Africa | 159.92 million constant 2021 US dollars | 2025 | up 167.3% | rising |
| 34 | New Zealand | 119.52 million constant 2021 US dollars | 2025 | down 29.4% | volatile |
| 35 | Philippines | 118.68 million constant 2021 US dollars | 2025 | up 10,411.5% | volatile |
| 36 | Ukraine | 99.32 million constant 2021 US dollars | 2025 | — | volatile |
| 37 | Chile | 96.79 million constant 2021 US dollars | 2025 | up 8,473.2% | volatile |
| 38 | Estonia | 93.43 million constant 2021 US dollars | 2025 | up 819.4% | volatile |
| 39 | Greece | 90.06 million constant 2021 US dollars | 2025 | up 625.2% | volatile |
| 40 | Egypt | 81.64 million constant 2021 US dollars | 2025 | — | volatile |
| 41 | Turkey | 79.96 million constant 2021 US dollars | 2025 | down 32.6% | volatile |
| 42 | Taiwan | 74.91 million constant 2021 US dollars | 2025 | up 114.0% | volatile |
| 43 | Lithuania | 68.18 million constant 2021 US dollars | 2025 | — | volatile |
| 44 | Cyprus | 58.92 million constant 2021 US dollars | 2025 | up 5,118.5% | volatile |
| 45 | Romania | 53.03 million constant 2021 US dollars | 2025 | up 4,596.6% | volatile |
| 46 | Malaysia | 49.66 million constant 2021 US dollars | 2025 | up 779.7% | volatile |
| 47 | Serbia | 43.19 million constant 2021 US dollars | 2024 | — | volatile |
| 48 | Colombia | 39.56 million constant 2021 US dollars | 2025 | up 3,403.8% | volatile |
| 49 | Bulgaria | 32.83 million constant 2021 US dollars | 2025 | — | volatile |
| 50 | Indonesia | 21.04 million constant 2021 US dollars | 2025 | up 831.9% | volatile |
| 51 | Nigeria | 17.68 million constant 2021 US dollars | 2025 | down 68.7% | volatile |
| 52 | Slovakia | 11.78 million constant 2021 US dollars | 2025 | up 943.7% | volatile |
| 53 | Kazakhstan | 9.26 million constant 2021 US dollars | 2025 | — | volatile |
| 54 | Slovenia | 7.58 million constant 2021 US dollars | 2025 | — | volatile |
| 54 | Argentina | 7.58 million constant 2021 US dollars | 2025 | up 570.9% | volatile |
| 56 | Uruguay | 6.73 million constant 2021 US dollars | 2025 | — | volatile |
| 57 | Bahrain | 5.89 million constant 2021 US dollars | 2025 | — | volatile |
| 57 | Iceland | 5.89 million constant 2021 US dollars | 2025 | up 30.5% | volatile |
| 57 | Croatia | 5.89 million constant 2021 US dollars | 2025 | — | volatile |
| 60 | Luxembourg | 5.05 million constant 2021 US dollars | 2025 | up 49.1% | volatile |
| 61 | Hungary | 4.21 million constant 2021 US dollars | 2025 | down 62.7% | volatile |
| 61 | Sri Lanka | 4.21 million constant 2021 US dollars | 2025 | up 90.3% | volatile |
| 63 | Mongolia | 3.37 million constant 2021 US dollars | 2025 | — | volatile |
| 64 | Qatar | 2.53 million constant 2021 US dollars | 2025 | — | volatile |
| 65 | Seychelles | 1.73 million constant 2021 US dollars | 2024 | up 53.0% | volatile |
| 66 | Kenya | 1.68 million constant 2021 US dollars | 2025 | down 81.4% | volatile |
| 66 | Latvia | 1.68 million constant 2021 US dollars | 2025 | — | volatile |
| 66 | Thailand | 1.68 million constant 2021 US dollars | 2025 | up 49.1% | volatile |
| 69 | Russia | 841,671 constant 2021 US dollars | 2025 | down 90.7% | volatile |
| 69 | Ghana | 841,671 constant 2021 US dollars | 2025 | down 75.2% | volatile |
| 69 | Pakistan | 841,671 constant 2021 US dollars | 2025 | — | volatile |
| 69 | Tunisia | 841,671 constant 2021 US dollars | 2025 | down 22.0% | volatile |
| 73 | Zimbabwe | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Dominican Republic | 0 constant 2021 US dollars | 2024 | — | volatile |
| 73 | Bangladesh | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Jordan | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Albania | 0 constant 2021 US dollars | 2025 | down 100.0% | volatile |
| 73 | Peru | 0 constant 2021 US dollars | 2024 | — | volatile |
| 73 | Lebanon | 0 constant 2021 US dollars | 2025 | down 100.0% | volatile |
| 73 | Mauritius | 0 constant 2021 US dollars | 2025 | down 100.0% | volatile |
About this data
Money raised by privately held AI companies through venture capital, private equity, and mergers and acquisitions. This includes CSET's own estimates for deals where the amount wasn't disclosed. Expressed in US dollars, adjusted for inflation.