About AI Services
There are 15.9K companies in the AI Services sector across the world, with 1.45K funded companies having collectively raised $11.2B in venture capital money and private equity. Overall 556 of these are Series A+ funded and the sector has seen the creation of 4 Unicorns.
AI Services sector has seen 235 acquisitions and 152 IPOs.
This sector includes companies providing services in the Artificial Intelligence value chain such as AI application development, testing, and consultancy services, including AI exclusive content providers and think tanks.
AI Services sector is also known as AI model development or AI training services.
Companies included in AI Services sector
Companies providing services for developing custom AI applications for enterprises, services for developing custom chatbots for enterprises, services for providing data preparation and cataloging services for machine learning models, services for providing consulting services for developing AI applications, roadmaps, and implementation strategies. Companies that provide content for the AI ecosystem in the form of articles, podcasts, news etc and companies that carry out research into machine learning systems, AI technologies, and develop frameworks and libraries for the AI ecosystem are also included.Companies excluded in AI Services sector
Companies that develop AI infrastructure like frameworks, libraries, cloud infrastructure for developing ML and other AI-based applications, companies providing AI-enabled cloud solutions for training data extraction and preparation for further use in AI systems, and companies developing AI applications like chatbots, speech recognition applications, etc for use in various industries like healthcare, retail, education, energy, etc.Market Map of AI Services
The market map of AI Services gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to AI Services
Here are some reports related to AI Services sector:
Free
AI Services - Sector Report
Edition: June, 2026 (67 Pages)
Premium
AI Services Investor Landscape
Edition: June, 2026 (9 Pages)
Premium
AI Services Exit Landscape
Edition: June, 2026 (15 Pages)
View all reports related to AI Services. Sign up today!Top Companies in AI Services
There are more than 15.9K companies in AI Services. Fractal Analytics is the top AI Services company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top AI Services companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of enterprise artificial intelligence solutions across multiple industries | New York City (United States) | 2000 | Public | $325M | |
Provider of analytics and digital solutions | New York City (United States) | 1999 | Public | $10M | |
Provider of AI consulting, supply chain, and customer analytics services | San Jose (United States) | 2013 | Series B | $205M | |
Provider of customer care and back office support services for multiple sectors | San Antonio (United States) | 2008 | Acquired | $15M | |
Data collection and AI training platform | Chatswood (Australia) | 1996 | Public | - |
Companies founded year-on-year in the AI Services sector
132 new startups have been founded so far in 2026 in the AI Services sector. 1,316 AI Services startups were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 132 |
2025 | 475 |
2024 | 622 |
2023 | 757 |
2022 | 414 |
2021 | 610 |
2020 | 1,203 |
2019 | 1,316 |
2018 | 1,102 |
2017 | 841 |
Companies founded across countries in the AI Services sector
United States has 3,389 AI Services startups, the most by any country, followed by India which has 2,386 startups and United Kingdom which has 929.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 3,389 |
India | 2,386 |
United Kingdom | 929 |
Germany | 538 |
Canada | 444 |
China | 352 |
Japan | 248 |
Australia | 216 |
France | 215 |
Italy | 198 |
Stage-wise distribution of the AI Services sector
Out of the total 15,942 AI Services companies, 1,448 have secured funding. Among them, 556 have reached Series A or higher, and 442 to Series B or beyond.
Founded - 15,942
Funded - 1,448
Series A+ - 556
Series B+ - 442
Series C+ - 406
Company Stage | No. of companies |
|---|---|
Founded | 15,942 |
Funded | 1,448 |
Series A+ | 556 |
Series B+ | 442 |
Series C+ | 406 |
Want to know more about AI Services ? Signup and explore Tracxn for free
- 15.9K+ Total Companies
- $11.2B+ Total Funding
- 1.4K+ Funded Companies
- 150+ IPOs
- 230+ Acquisitions
- 5 Reports
Funding Trends in the AI Services sector
Total funding year-on-year in the AI Services sector
The AI Services sector saw a total funding of more than $10.3B in the last 10 years. The most amount of funding was in 2025 at more than $3.16B. There has been a total funding of $2.83B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.83B |
2025 | $3.16B |
2024 | $1.19B |
2023 | $588M |
2022 | $818M |
2021 | $470M |
2020 | $204M |
2019 | $381M |
2018 | $477M |
2017 | $234M |
Total funding across countries in the AI Services sector
In the last 10 years, AI Services startups in United States have recieved the highest funding among all countries - $6.77B. China follows with $551M and Canada with $531M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $6.77B |
China | $551M |
Canada | $531M |
India | $416M |
France | $346M |
United Kingdom | $279M |
Japan | $194M |
South Korea | $115M |
Italy | $55.8M |
Spain | $16M |
Total funding amount raised by stage in the AI Services sector
Over the last 10 years, the AI Services sector have seen $4.17B into Seed Stage funding rounds, $3.67B into Early Stage funding rounds and $1.01B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Seed Stage | $4.17B |
Early Stage | $3.67B |
Late Stage | $1.01B |
Grant | $493M |
PE | $413M |
Debt | $330M |
Post IPO | $51.5M |
Recent Funding Rounds in AI Services
In the year 2026, till July 2026, AI Services companies have raised $2.81B in equity funding across 69 rounds.
In the same period last year (i.e. till December 2025), AI Services companies had raised $3.09B across 144 rounds.
So, 2026 has seen a 9.06% drop in funding in AI Services companies as compared to 2025.
Here are some recent, important funding rounds in AI Services:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3783 | 2026 | ||
Seed | 8932 | Jun 29, 2026 | and 3 more | |
Seed | 3539 | Jun 26, 2026 | ||
Seed | 2679 | Jun 25, 2026 | ||
Seed | 1729 | Jun 24, 2026 |
Top Investors in AI Services
Europa is the top investor in AI Services companies based on number of companies invested.
Here are some top investors in AI Services:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Arlington (United States) | ||
Mountain View (United States) | ||
Oak Ridge (United States) |
M&A activity in AI Services
In the year 2026, till July 2026, 19 acquisitions happened in AI Services sector. Last year, in 2025, a total of 32 acquisitions happened in AI Services sector.
Here are some recent, important acquisitions in AI Services:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 30, 2026 | ||
Business Acquisition | Jun 24, 2026 | ||
Business Acquisition | Jun 22, 2026 | ||
Business Acquisition | Jun 09, 2026 | ||
Business Acquisition | Jun 04, 2026 |
Acquisition trends in AI Services
Here are the acquisition trends in AI Services:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 19 |
2025 | 32 |
2024 | 28 |
2023 | 31 |
2022 | 38 |
2021 | 28 |
2020 | 18 |
2019 | 18 |
2018 | 7 |
2017 | 8 |
IPOs in AI Services
In the year 2026, till March 2026, 2 IPOs happened in AI Services sector.
Here are some recent, important IPOs in AI Services:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 16, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Feb 06, 2026 | Canadian Securities Exchange (CSE) | |
Nov 21, 2025 | Stockholm Stock Exchange (STO) | |
Oct 14, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Aug 21, 2025 | Aquis Stock Exchange (AQSE) |
Colleges which produce the most AI Services companies
Companies founded by alumni from top colleges in the AI Services sector
Most number of AI Services startups have been founded by alumni from Stanford University, Massachusetts Institute of Technology and Harvard University.
College | No. of companies |
|---|---|
Stanford University | 49 |
Massachusetts Institute of Technology | 47 |
Harvard University | 35 |
IIT Delhi | 32 |
BITS Pilani | 29 |
IIT Bombay | 28 |
Harvard Business School | 26 |
IIT Madras | 24 |
University of Cambridge | 24 |
IIT Kanpur | 23 |
Total funding in companies founded by alumni from top colleges in the the AI Services sector
In the last 10 years, Peking University graduates' AI Services companies have raised the most funding among top colleges. Carnegie Mellon University alumni are second, and University College London alumni are third.
College | Total Funding |
|---|---|
Peking University | $2.03B |
Carnegie Mellon University | $1.04B |
University College London | $739M |
IIT Delhi | $432M |
IIT Guwahati | $400M |
IIM Ahmedabad | $338M |
Stanford University | $277M |
HEC Paris | $272M |
Massachusetts Institute of Technology | $264M |
INSEAD | $237M |
Top News in AI Services
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Artefact Wins Special Jury Award at 2026 CCI France International AwardsConsultancy•Jun 29, 2026•Artefact
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Datacentrix Launches Enterprise CPaaS Platform for Business CommunicationTelecompaper•Jun 26, 2026•Datacentrix
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EXL Integrates NVIDIA Foundation Model for Enhanced AI in Financial ServicesGlobeNewswire•Jun 04, 2026•EXL, Databricks
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Orange, Free, and EDF Ally to Build Future AI Infrastructure in EuropeUnivers Freebox•May 21, 2026•Orange, Artefact, Ardian, Bull SAS
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Inspira Financial Trust and EXL Service Holdings Accelerate Contact Center AI TransformationSiliconAngle•May 15, 2026•EXL
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Adastra Corporation Named One of Canada’s Best Managed Companies for 24 Consecutive YearsBusiness Wire•May 14, 2026•Adastra
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EXL Named a Leader in Everest Group Healthcare Payer Intelligent Operations PEAK Matrix Assessment 2026GlobeNewswire•May 14, 2026•EXL
