Blockchain, AI among fastest growing startup sub-sectors globally: report

Other sectors like cybersecurity, edtech, cleantech, and gaming are maturing at significant rates, seeing a collective growth of 33% in Series A funding and 3% exits over the past five years.

Blockchain, artificial intelligence (AI) and big data are few of the fastest growing startup sub-sectors globally, attracting high early-stage funding deals over the last five years, according to a new report by market research firm Startup Genome.

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Deep tech, a term that includes advanced manufacturing and robotics, blockchain, AI, and big data, remains the fastest growing group globally. Fintech has also experienced substantial growth in last five years, the company noted in a report titled ‘The Global Startup Ecosystem 2021’.