About AI Services
There are 13.8K companies in the AI Services sector across the world, with 1.37K funded companies having collectively raised $10.4B in venture capital money and private equity. Overall 501 of these are Series A+ funded and the sector has seen the creation of 4 Unicorns.
AI Services sector has seen 220 acquisitions and 132 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: November, 2025 (68 Pages)
Premium
AI Services Investor Landscape
Edition: April, 2026 (10 Pages)
Premium
AI Services Exit Landscape
Edition: August, 2025 (15 Pages)
View all reports related to AI Services. Sign up today!Top Companies in AI Services
There are more than 13.8K 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 website, web & mobile application development, BI, and digital marketing services | Jaipur (India) | 2007 | Series E | $620M | |
Provider of analytics and digital solutions | New York City (United States) | 1999 | Public | $10M | |
Provider of digital marketing, data analytics, and IT services | Bengaluru (India) | 1981 | Public | - | |
Provider of AI consulting, supply chain, and customer analytics services | San Jose (United States) | 2013 | Series B | $205M |
Companies founded year-on-year in the AI Services sector
5 new startups have been founded so far in 2026 in the AI Services sector. 1,248 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 | 5 |
2025 | 199 |
2024 | 465 |
2023 | 635 |
2022 | 362 |
2021 | 552 |
2020 | 1,131 |
2019 | 1,248 |
2018 | 1,051 |
2017 | 796 |
Companies founded across countries in the AI Services sector
United States has 2,784 AI Services startups, the most by any country, followed by India which has 2,065 startups and United Kingdom which has 809.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 2,784 |
India | 2,065 |
United Kingdom | 809 |
Germany | 484 |
Canada | 405 |
China | 288 |
Japan | 229 |
Australia | 201 |
France | 194 |
Italy | 178 |
Stage-wise distribution of the AI Services sector
Out of the total 13,812 AI Services companies, 1,366 have secured funding. Among them, 501 have reached Series A or higher, and 402 to Series B or beyond.
Founded - 13,812
Funded - 1,366
Series A+ - 501
Series B+ - 402
Series C+ - 371
Company Stage | No. of companies |
|---|---|
Founded | 13,812 |
Funded | 1,366 |
Series A+ | 501 |
Series B+ | 402 |
Series C+ | 371 |
Want to know more about AI Services ? Signup and explore Tracxn for free
- 13.8K+ Total Companies
- $10.4B+ Total Funding
- 1.4K+ Funded Companies
- 130+ IPOs
- 215+ 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 $8.83B in the last 10 years. The most amount of funding was in 2025 at more than $3.06B. There has been a total funding of $823M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $823M |
2025 | $3.06B |
2024 | $1.22B |
2023 | $583M |
2022 | $915M |
2021 | $715M |
2020 | $244M |
2019 | $445M |
2018 | $688M |
2017 | $136M |
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 - $5.21B. India follows with $1.02B and Canada with $531M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $5.21B |
India | $1.02B |
Canada | $531M |
China | $340M |
United Kingdom | $255M |
Japan | $126M |
South Korea | $109M |
Italy | $54.2M |
Germany | $25.9M |
Spain | $15.5M |
Total funding amount raised by stage in the AI Services sector
Over the last 10 years, the AI Services sector have seen $3.11B into Seed Stage funding rounds, $2.95B into Early Stage funding rounds and $1.35B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Seed Stage | $3.11B |
Early Stage | $2.95B |
Late Stage | $1.35B |
Grant | $576M |
PE | $413M |
Debt | $330M |
Post IPO | $51.3M |
Other-Equity | $50M |
Recent Funding Rounds in AI Services
In the year 2026, till March 2026, AI Services companies have raised $812M in equity funding across 27 rounds.
In the same period last year (i.e. till March 2025), AI Services companies had raised $85.2M across 38 rounds.
So, 2026 has seen a 852.6% rise 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 | 4882 | Mar 31, 2026 | ||
Series B | 9360 | Mar 17, 2026 | ||
Angel | 3144 | Mar 13, 2026 | ||
Series A | 5458 | Mar 12, 2026 | ||
Series A | 6642 | Mar 11, 2026 | and 6 more |
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 |
|---|---|---|
Arlington (United States) | ||
Washington, DC (United States) | ||
Oak Ridge (United States) |
M&A activity in AI Services
In the year 2026, till March 2026, 7 acquisitions happened in AI Services sector. Last year, in 2025, a total of 31 acquisitions happened in AI Services sector.
Here are some recent, important acquisitions in AI Services:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 12, 2026 | ||
Business Acquisition | Feb 24, 2026 | ||
Business Acquisition | Feb 23, 2026 | ||
Business Acquisition | Feb 02, 2026 | ||
Business Acquisition | Jan 30, 2026 |
Acquisition trends in AI Services
Here are the acquisition trends in AI Services:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 7 |
2025 | 31 |
2024 | 28 |
2023 | 32 |
2022 | 37 |
2021 | 28 |
2020 | 18 |
2019 | 17 |
2018 | 7 |
2017 | 8 |
IPOs in AI Services
In the year 2026, till February 2026, 1 IPO 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) | |
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) | |
Jul 24, 2025 | New York Stock Exchange (NYSE) |
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 Massachusetts Institute of Technology, Stanford University and Harvard University.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 46 |
Stanford University | 42 |
Harvard University | 35 |
BITS Pilani | 29 |
Harvard Business School | 25 |
IIT Bombay | 25 |
IIT Delhi | 25 |
University of Cambridge | 23 |
IIT Madras | 22 |
IIT Kanpur | 21 |
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. IIT Delhi alumni are second, and The Wharton School alumni are third.
College | Total Funding |
|---|---|
Peking University | $2.01B |
IIT Delhi | $959M |
The Wharton School | $661M |
Indian Institute of Science | $658M |
IIM Ahmedabad | $335M |
Carnegie Mellon University | $319M |
HEC Paris | $272M |
Stanford University | $241M |
INSEAD | $237M |
Massachusetts Institute of Technology | $228M |
Top News in AI Services
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Flipping $200 in ETH into Ozak AI at $0.014 Secures 14,285 Tokens, Worth $71,425 if the Token Hits $5Thenewscrypto•Mar 16, 2026•Ozak
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Apexon Opens Artificial Intelligence Center of Excellence in HyderabadBusiness Line•Mar 10, 2026•Apexon
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Artefact Unveils Agentic AI Transformation Programs to Decouple Revenue GrowthGlobeNewswire•Mar 03, 2026•Artefact
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Orange Business & Tech Mahindra to Forge Strategic PartnershipGlobeNewswire•Mar 02, 2026•Orange Business, Tech Mahindra
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ExlService Non-GAAP EPS of $1.95 beats by $0.03, revenue of $2.09B beats by $10MSeeking Alpha•Feb 24, 2026•EXL
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Commotion Launches Enterprise AI OS Powered by NVIDIA Nemotron™ Open ModelsPR Newswire•Feb 23, 2026•Commotion, Tata Communications, Nvidia, Tech Mahindra
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Impact Analytics Announces Strategic Partnership with C&AGlobeNewswire•Feb 12, 2026•Impact Analytics, C&A
