AI model labs, AI infrastructure, compute and cloud startups. In the last 12 months Value Add VC tracked 181 venture rounds in AI & Infrastructure totaling $358.4B across 148 companies, with a median round of $130M. The last three months saw 99 rounds and $80.0B, ahead of the 12-month pace.
| Rounds tracked | Last 3 months | Last 6 months | Last 12 months |
|---|---|---|---|
| Rounds | 99 | 157 | 181 |
| Dollars | $80.0B | $174.1B | $358.4B |
| Companies | 93 | 139 | 148 |
| Median round | $100M | $100M | $130M |
Rounds tracked by Value Add VC from filings, wire releases and news outlets, not a total for the whole market. Private companies only.
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Dec 25 | $1.1B · 3 rounds |
| Jan 26 | $22.0B · 8 rounds |
| Feb 26 | $35.3B · 3 rounds |
| Mar 26 | $123.8B · 3 rounds |
| Apr 26 | $1.5B · 4 rounds |
| May 26 | $65.2B · 5 rounds |
| Jun 26 | $15.4B · 17 rounds |
| Jul 26 | $9.6B · 27 rounds |
| Aug 26 | $11.4B · 28 rounds |
| Sep 26 | $47.4B · 33 rounds |
| Oct 26 | $23.0B · 37 rounds |
| Nov 26 | $2.0B · 10 rounds |
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Dec 25 | 3 |
| Jan 26 | 8 |
| Feb 26 | 3 |
| Mar 26 | 3 |
| Apr 26 | 4 |
| May 26 | 5 |
| Jun 26 | 17 |
| Jul 26 | 27 |
| Aug 26 | 28 |
| Sep 26 | 33 |
| Oct 26 | 37 |
| Nov 26 | 10 |
Value Add VC intelligence database (rounds tracked from filings, wires and outlets)
| Item | Value |
|---|---|
| Undisclosed | 43 rounds · $188.5B |
| Series A | 33 rounds · $6.1B |
| Seed | 31 rounds · $1.2B |
| Series B | 30 rounds · $6.3B |
| Series D+ / growth | 24 rounds · $148.4B |
| Series C | 20 rounds · $8.0B |
| Date | Company | Stage | Amount | Led by |
|---|---|---|---|---|
| Mar 31, 2026 | OpenAI | — | $122B | SoftBank Group, Andreessen Horowitz |
| May 28, 2026 | Anthropic | Series H | $65B | Altimeter Capital, Dragoneer Investment Group, Greenoaks |
| Feb 12, 2026 | Anthropic | Series G | $30B | GIC, Coatue Management |
| Sep 29, 2026 | OpenAI | — | $30B+ (in talks) | — |
| Jan 6, 2026 | xAI | Series E | $20B | — |
| Jun 11, 2026 | Prometheus | — | $12B | — |
| Oct 31, 2026 | OpenAI | — | $11B (of $30B target) | — |
| Feb 10, 2026 | Databricks | Series L | $5B | — |
| Aug 13, 2026 | Databricks | Strategic Growth round | $5B | Coatue Management |
| Oct 6, 2026 | Lambda | Pre-IPO | Up to $4B | Blackstone, Coatue Management |
| Date | Company | Stage | Amount | Led by |
|---|---|---|---|---|
| Nov 6, 2026 | Future Secure AI | — | $80M | — |
| Nov 4, 2026 | Applied Compute | — | $350M | Elad Gil |
| Nov 4, 2026 | Phaze | Seed | $8.75M | Andreessen Horowitz |
| Nov 3, 2026 | Fal | Series F | $1.3B | Bessemer Venture Partners |
| Nov 3, 2026 | Guava | Seed | $12.5M | Acrew Capital |
| Nov 3, 2026 | Traversal | Series B | $120M | Kleiner Perkins, Redpoint Ventures, Khosla Ventures |
| Nov 2, 2026 | 42AI | Seed | $62.5M | — |
| Nov 2, 2026 | Lumaril | Series A | $66M | Elad Gil |
| Nov 2, 2026 | Ornn | — | ~$1B valuation (in talks) | — |
| Nov 1, 2026 | SuperMe | Series A | $20M | Forerunner Ventures |
| Oct 31, 2026 | OpenAI | — | $11B (of $30B target) | — |
| Oct 30, 2026 | Crux Labs | — | $6M+ | — |