Venture capital deployed · 2026 YTD
Sector market cap
Largest raise · trailing 12mo
Catalysts ahead · next 12mo
Companies tracked
Nothing on the calendar yet.
Nothing on the calendar yet.
Mega-rounds ($1B+) dominate 2025–2026, with 11 rounds above $1B versus only two in 2023–2024. Median round size jumped to $300M+. Seed rounds exploded upward: AMI Labs $1B seed, Thinking Machines $2B seed. Smaller rounds ($50–200M) remain present but marginal to sector momentum.
Late-stage capital overwhelms the sector. Series D+ rounds and growth/late-stage rounds account for ~65% of total capital deployed in past 18 months. Early-stage ($100M Series A/B) still funded, but mega-rounds at Series C–E and growth stages capture 80%+ of headline activity. Seed tier bifurcated into tiny and stratospheric.
Nvidia, Andreessen Horowitz, and Sequoia Capital lead the most rounds (6–8 each across 2024–2026). New entrants Greenoaks, Mitsubishi UFJ Financial, and Autodesk emerged as round leads. Established LPs Accel and Khosla remain active. xAI, Safe Superintelligence, and Cohere show multiple consecutive rounds from same or overlapping backer clusters.
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The AI safety reckoning is colliding with the open-weights movement—and investors are caught in the crossfire.
AI agents are winning in implementation, not just intelligence.
DeepSeek’s rise exposes a widening rift between sovereign AI models and the infrastructure they depend on.
As of 2026-08-01
