The world of startups and venture capital struggled through another slow year in 2024, with limited funding available and no Massachusetts tech companies going public.
There were a few standouts, including big funding rounds for artificial intelligence startup Liquid AI in Cambridge and battery makers Ascend Elements in Westborough and Form Energy in Somerville. And six biotech companies, led by Bicara Therapeutics, did go public.
But 2025 could be a better year, thanks to growing enthusiasm to apply AI breakthroughs to more industries, lower interest rates attracting more investors to startups, and a boost from government at the state and federal levels, several top startup investors said. Still, most took an optimistic view of what the incoming Trump administration would do, despite campaign promises to upend immigration and impose tariffs on a wide range of goods.
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