Last year’s dip in overall VC funding hardly comes as news. High interest rates, a shaky economy, and global tensions made investors quite cautious. The broad strokes are clear, but the finer details? Not so much.

‍The narrative leans toward the direction of generative AI (GenAI), as anticipated. However, this report unpacks the depth of its influence: which segments emerged as funding magnets, how extensively the colossal funding extended to other sectors, and who displayed resilience by maintaining consistent funding despite the AI takeover, among other insights.