Artificial intelligence startups in the U.S. raised a record of $26.6 billion in funding in 2019 according to CB Insights data. That represents a 20% increase for the sector. The top states for AI startup equity deals were California, New York, and Massachusetts.
In Missouri, Benson Hill Biosystems is the top-funded AI startup with $127 million equity funding, according to CB Insights. The St. Louis-based company has developed technology aimed improving crop genetics and enabling researchers to better predict which seeds will produce desired traits.
CB Insights ranked companies across the country based on total disclosed equity funding. The ranking only considered AI companies that have raised an equity round since 2015.