DevTools & AI Coding — sector dashboard · fobi

BriefingFree Daily Briefing

Funding & analysis

Company

04

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

Total Raised

Round sizes
Mega-rounds ($250M+) have exploded since 2025, with Anthropic ($30B, Feb 2026), OpenAI ($110B, Feb 2026), and Mistral AI ($830M, Mar 2026) leading. Median round size has climbed above $100M for late stages. Seed and Series A rounds remain sub-$25M, creating a widening gap between titans and early-stage entrants.
Stage mix
Capital is severely late-stage-heavy. Growth, Series D–G, and mega-fund rounds (Anthropic, OpenAI, Mistral) dominate 2025–2026 inflow. Seed-stage rounds dropped sharply; only 3 seed rounds closed in past 18 months versus 12+ annually in 2018–2021. Venture rounds compressed into narrower bands: Series B ($60–330M) and Series C ($70–400M).
Lead investors
Lightspeed Venture Partners, Accel, and Andreessen Horowitz lead repeat rounds across tiers. Newcomers: Lightspeed and GIC dominate mega-rounds (Anthropic, Replit, Vercel, Grafana). Thrive Capital and Menlo Ventures anchor mid-late stage. Amazon, Nvidia, SoftBank enter as mega-fund co-leads (OpenAI Growth 2026). Felicis and Sequoia quieter than 2018–2021.