A recent report from Pitchbook shows that 'mega-deals' could be inflating AI startup funding totals, giving a misleading picture of the sector's health.
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From TechCrunch
By Kyle Wiggers
December 6, 2023
A recent report from Pitchbook shows that 'mega-deals' could be inflating AI startup funding totals, giving a misleading picture of the sector's health.
© 2023 TechCrunch. All rights reserved. For personal use only.

Investments in generative AI startups topped $3.9B in Q3 2024
Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $6.6 billion round.) And $2.9 billion of that funding went to U.S.-based companies across 127 deals. Some of the biggest winners in Q3 were coding assistant Magic ($320 million in August), enterprise search provider Gle
Oct 20, 2024

Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble did not burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide raised $56 billion from VCs in 2024 across 885 deals. That raw cash total is a new record for the segment. It’s up 192% from 2023
Jan 3, 2025

If you’re not an AI startup, good luck raising money from VCs
PitchBook reports that VCs have poured $192.7 billion into the industry so far this year, out of a total $366.8 billion. In the most recent quarter, AI accounted for 62.7% of the money invested by U.S. VCs, and for 53.2% of money invested by global firms.
Oct 4, 2025
Anthropic raises $450M to build next-gen AI assistants
Anthropic, the prominent generative AI startup co-founded by OpenAI veterans, has raised $450 million in a Series C funding round led by Spark Capital. Anthropic wouldn’t disclose what the round valued its business at. But The Information reported in early March (and as confirmed by us when we were leaked the pitch deck for the […]
May 23, 2023