According to the Alan Turing Institute’s women in data science and AI team, startups with female founders account for less than three per cent of all venture capital (VC) funding deals involving AI.
In a new report, Rebalancing Innovation, Women, AI And Venture Capital in the UK, the Institute points to a need for more diversity in AI investment by UK VC firms.
The research covers the past decade of investment, between 2012 and 2022, and indicates that in that time, 80 per cent of capital raised went to all-male founding teams, while all-female teams received 0.3 per cent of VC investment.
