Web3 Funding Plummets, And Unstructured Data Is A Hot Area For Funding

July 22, 2023 Web3 Funding Plummets As AI Steals The Show While seemingly all sectors are seeing a slowdown in venture capital, Web3 — defined here as cryptocurrency and blockchain startups — has been hit hardest as investors retreat to both AI and more traditional sectors. Web3 vs. AI → Unstructured Data Is A Rare Hot Area For Startup Funding Startups touting expertise in data automation and orchestration as well as tools to manage unstructured data are seeing an increase in funding. Funding Grows → Carbon Capture And Storage Is A Bustling Sector For Startup Funding While most startup sectors have seen diminished funding in recent quarters, carbon capture- and storage-focused companies look like a notable exception with over half a billion dollars going to dozens of upstarts in the past year. Bustling Sector → The Week's 10 Biggest Funding Rounds: Smile Doctors Likely Happy With $550M Raise Startups in a smattering of pretty diverse sectors raised good chunks of money this week. A dental startup, a reality TV personality-founded shapewear company, and an enterprise software firm led the way. Biggest Rounds → Have Tech Layoffs Peaked? Is the wave of U.S. tech layoffs slowly subsiding? We track total monthly reported tech job cuts, as well as the number of companies reporting layoffs since January 2022. Layoffs Slowing? → Makeup Unicorn Oddity's IPO Comes As Beauty Funding Falters So far this year, just over $300 million in venture funding went to the beauty category, down more than 50% from the same period last year. But over in IPO-land, a different story is playing out. Oddity's IPO → Privacy Policy | Terms of Service | View in Browser | Unsubscribe Crunchbase, Inc. 564 Market Street, Suite 700 San Francisco, CA 94104