About AI Services
There are 24.5K companies in the AI Services sector across the world, with 1.54K funded companies having collectively raised $15B in venture capital money and private equity. Overall 591 of these are Series A+ funded and the sector has seen the creation of 10 Unicorns.
AI Services sector has seen 252 acquisitions and 160 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: September, 2026 (74 Pages)
Premium
AI Services Investor Landscape
Edition: September, 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 24.5K 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 | $685M | |
Developer of enterprise data and artificial intelligence based operational 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 | |
Provider of digital engineering, data analytics, cloud infrastructure, and automation services | Bridgeville (United States) | 2011 | Series A | $93M |
Companies founded year-on-year in the AI Services sector
2,117 new startups have been founded so far in 2026 in the AI Services sector. 2,238 AI Services startups were founded in 2025 - 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 | 2,117 |
2025 | 2,238 |
2024 | 1,464 |
2023 | 1,206 |
2022 | 634 |
2021 | 742 |
2020 | 1,324 |
2019 | 1,420 |
2018 | 1,176 |
2017 | 923 |
Companies founded across countries in the AI Services sector
United States has 5,583 AI Services startups, the most by any country, followed by India which has 3,678 startups and United Kingdom which has 1,308.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 5,583 |
India | 3,678 |
United Kingdom | 1,308 |
Germany | 792 |
Canada | 665 |
China | 519 |
France | 384 |
United Arab Emirates | 371 |
Japan | 322 |
Australia | 307 |
Stage-wise distribution of the AI Services sector
Out of the total 24,459 AI Services companies, 1,535 have secured funding. Among them, 591 have reached Series A or higher, and 471 to Series B or beyond.
Founded - 24,459
Funded - 1,535
Series A+ - 591
Series B+ - 471
Series C+ - 435
Company Stage | No. of companies |
|---|---|
Founded | 24,459 |
Funded | 1,535 |
Series A+ | 591 |
Series B+ | 471 |
Series C+ | 435 |
Want to know more about AI Services ? Signup and explore Tracxn for free
- 24.5K+ Total Companies
- $15B+ Total Funding
- 1.5K+ Funded Companies
- 155+ IPOs
- 250+ 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 $14B in the last 10 years. The most amount of funding was in 2025 at more than $3.51B. There has been a total funding of $3.42B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $3.42B |
2025 | $3.51B |
2024 | $2.69B |
2023 | $614M |
2022 | $1.21B |
2021 | $1.3B |
2020 | $184M |
2019 | $379M |
2018 | $488M |
2017 | $236M |
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 - $7.67B. India follows with $767M and China with $580M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $7.67B |
India | $767M |
China | $580M |
Canada | $534M |
France | $346M |
United Kingdom | $288M |
Japan | $189M |
South Korea | $126M |
Italy | $54.6M |
Spain | $16.1M |
Total funding amount raised by stage in the AI Services sector
Over the last 10 years, the AI Services sector have seen $4.23B into Seed Stage funding rounds, $3.94B into Early Stage funding rounds and $3.22B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Seed Stage | $4.23B |
Early Stage | $3.94B |
Late Stage | $3.22B |
PE | $1.56B |
Grant | $499M |
Debt | $330M |
Post IPO | $48.1M |
Recent Funding Rounds in AI Services
In the year 2026, till September 2026, AI Services companies have raised $3.4B in equity funding across 112 rounds.
In the same period last year (i.e. till September 2025), AI Services companies had raised $3.29B across 128 rounds.
So, 2026 has seen a 3.13% 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 | 4727 | Sep 30, 2026 | ||
Seed | 7021 | Sep 28, 2026 | ||
Angel | 4896 | Sep 16, 2026 | ||
Series A | 8457 | Sep 16, 2026 | and 1 more | |
Seed | 9609 | Sep 16, 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 |
|---|---|---|
Oak Ridge (United States) | ||
Mountain View (United States) | ||
Washington, DC (United States) | ||
Arlington (United States) |
M&A activity in AI Services
In the year 2026, till August 2026, 31 acquisitions happened in AI Services sector. Last year, in 2025, a total of 34 acquisitions happened in AI Services sector.
Here are some recent, important acquisitions in AI Services:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 24, 2026 | ||
Business Acquisition | Aug 20, 2026 | ||
Business Acquisition | Aug 19, 2026 | ||
Business Acquisition | Aug 13, 2026 | ||
Business Acquisition | Aug 12, 2026 |
Acquisition trends in AI Services
Here are the acquisition trends in AI Services:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 31 |
2025 | 34 |
2024 | 30 |
2023 | 31 |
2022 | 39 |
2021 | 29 |
2020 | 18 |
2019 | 18 |
2018 | 6 |
2017 | 8 |
IPOs in AI Services
In the year 2026, till February 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 | 69 |
Massachusetts Institute of Technology | 53 |
Harvard University | 50 |
IIT Delhi | 47 |
BITS Pilani | 41 |
University of California (Berkeley) | 39 |
IIT Bombay | 36 |
IIT Kanpur | 32 |
IIT Madras | 31 |
Carnegie Mellon University | 29 |
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 Columbia University alumni are third.
College | Total Funding |
|---|---|
Peking University | $2.01B |
Carnegie Mellon University | $957M |
Columbia University | $744M |
University College London | $739M |
IIM Ahmedabad | $698M |
IIT Madras | $687M |
University of California (Berkeley) | $682M |
Stanford University | $319M |
Kellogg School of Management | $301M |
Massachusetts Institute of Technology | $300M |
Top News in AI Services
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Riverside Research and Kitware Partner to Enhance Secure Software Update DeploymentPR Newswire•Oct 01, 2026•Kitware, Riverside Research
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Altimetrik Named One of Newsweek’s America’s Greatest Workplaces in Tech 2026AiThority•Sep 23, 2026•Altimetrik
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Digital engineering firm QBurst targets threefold revenue growth, focusing on local hiringBusiness Line•Sep 23, 2026•QBurst
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Former French Minister Stanislas Guerini Joins Artefact in Global Leadership RoleConsultancy•Sep 11, 2026•Artefact
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Guident and Florida State College at Jacksonville Launch Autonomous Mobility Training CenterGlobeNewswire•Aug 27, 2026•Guident
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NIQ Partners with The OpenAI Deployment Company to Enhance AI Product SuiteDestinationcrm•Aug 26, 2026•NielsenIQ, OpenAI, OpenAI Deploy Co.
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