Snapshots

Palo Alto ranks as the number one location for companies receiving VC funding thus far in 2019

With nearly $3 billion raised by companies in Palo Alto, the city ranks number one across both the Silicon Valley and Mid-Peninsula markets

July 17, 2019
  • With nearly $3 billion raised by companies in Palo Alto, the city ranks number one across both the Silicon Valley and Mid-Peninsula markets with the largest amount of venture funding to companies located there since the beginning of 2019. 
  • Since the beginning of the year, VC funding in Palo Alto was spread across 68 companies in 43 industries.
  • Across all cities, seed funding was the most popular stage of funding with a total of 80 transactions, followed closely by Series A funding across 72 transactions.
  • The largest single funding transaction occurred in Mountain View-based autonomous vehicle technology company, Nuro, which received $940 million in Series B funding on February 11th of this year. 
  • The Artificial Intelligence industry saw the most companies receive funding (56 companies), while ranking 2nd in money raised by industry across all locations. 

Sources: Crunchbase, JLL Research

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