Silicon Valley is so dominant again, its startups devoured over half of all global VC funding in 2024
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In 2024, Silicon Valley startups captured over half of global VC funding, totaling $90 billion, or 57% of the $178 billion invested worldwide. Key players include OpenAI, Databricks, xAI, Waymo, and Anthropic, benefiting from the region's AI dominance and established startup ecosystem. The Bay Area remains a hub for tech talent, housing 49% of Big Tech engineers and 27% of startup engineers, fostering a conducive environment for new ventures. Founders cite better access to talent and customers as reasons for relocating to San Francisco.
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