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
78
Highest
301.02 billion constant 2021 US dollars
United States
Lowest
0 constant 2021 US dollars
Albania
Median
77.43 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 78 countries. The highest value is 301.02 billion constant 2021 US dollars in United States; the lowest is 0 constant 2021 US dollars in Albania.
The median across all reporting countries is 77.43 million constant 2021 US dollars, and the mean is 5.47 billion constant 2021 US dollars.
Over the past decade 45 countries rose and 13 fell. The largest increase was in United Arab Emirates (up 102,107.0%), and the largest decrease in Mauritius (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 |
| 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 |
| 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 | Argentina | 7.58 million constant 2021 US dollars | 2025 | up 570.9% | volatile |
| 54 | Slovenia | 7.58 million constant 2021 US dollars | 2025 | — | volatile |
| 56 | Uruguay | 6.73 million constant 2021 US dollars | 2025 | — | volatile |
| 57 | Bahrain | 5.89 million constant 2021 US dollars | 2025 | — | volatile |
| 57 | Croatia | 5.89 million constant 2021 US dollars | 2025 | — | volatile |
| 57 | Iceland | 5.89 million constant 2021 US dollars | 2025 | up 30.5% | 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 | Latvia | 1.68 million constant 2021 US dollars | 2025 | — | volatile |
| 66 | Kenya | 1.68 million constant 2021 US dollars | 2025 | down 81.4% | 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 | Tunisia | 841,671 constant 2021 US dollars | 2025 | down 22.0% | volatile |
| 69 | Pakistan | 841,671 constant 2021 US dollars | 2025 | — | volatile |
| 69 | Ghana | 841,671 constant 2021 US dollars | 2025 | down 75.2% | volatile |
| 73 | Peru | 0 constant 2021 US dollars | 2024 | — | volatile |
| 73 | Bosnia and Herzegovina | 0 constant 2021 US dollars | 2025 | — | flat |
| 73 | Jordan | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Mauritius | 0 constant 2021 US dollars | 2025 | down 100.0% | volatile |
| 73 | Lebanon | 0 constant 2021 US dollars | 2025 | down 100.0% | volatile |
| 73 | Bangladesh | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Dominican Republic | 0 constant 2021 US dollars | 2024 | — | volatile |
| 73 | Zimbabwe | 0 constant 2021 US dollars | 2025 | — | volatile |
| 73 | Albania | 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.