Venture funding is undergoing an adjustment, with a slight drop in total amounts, a slowdown in new investments, and a more selective environment among fund managers. But that doesn’t mean there’s no activity. In fact, according to an analysis by U.S.-based firm Carta, the Software as a Service (SaaS) segment is particularly shining, capturing the enthusiasm for artificial intelligence (AI) that is permeating international markets.

Aggregate figures from the firm’s startup network—around 4,500 companies—show a total capital raise of $46.9 billion in new venture funding during the first half of the year. This came from a total of 2,248 funding events. READ MORE