AI model labs, AI infrastructure, compute and cloud startups. In the last 12 months Value Add VC tracked 117 venture rounds in AI & Infrastructure totaling $299.3B across 95 companies, with a median round of $190M. The last three months saw 85 rounds and $52.2B, ahead of the 12-month pace.
| Rounds tracked | Last 3 months | Last 6 months | Last 12 months |
|---|---|---|---|
| Rounds | 85 | 103 | 117 |
| Dollars | $52.2B | $242.6B | $299.3B |
| Companies | 75 | 89 | 95 |
| Median round | $150M | $150M | $190M |
Rounds tracked by Value Add VC from filings, wire releases and news outlets, not a total for the whole market. Private companies only.
| 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 |
| Jan 6, 2026 | xAI | Series E | $20B | Valor Equity Partners |
| Aug 13, 2026 | Databricks | Strategic Growth round | $5B | Coatue Management |
| Jul 27, 2026 | Safe Superintelligence | — | $5B | — |
| Sep 17, 2026 | Crusoe | Series F | $3.9B | Atreides Management, Mubadala Capital, Valor Equity Partners |
| Jul 29, 2026 | Moonshot AI | Series F | $3.5B | — |
| Sep 8, 2026 | Mistral AI | Series D | €3B | — |
| Sep 24, 2026 | Nscale | — | $3.1B | — |
| Date | Company | Stage | Amount | Led by |
|---|---|---|---|---|
| Sep 24, 2026 | Nscale | — | $3.1B | — |
| Sep 22, 2026 | Mirendil | Series A (reported) | Up to $1B | Kleiner Perkins |
| Sep 22, 2026 | Snorkel AI | Series E | $350M | Insight Partners |
| Sep 22, 2026 | Verda | Series B | $189M | Emergence Capital |
| Sep 18, 2026 | Mantic | Seed | $25M | Radical Ventures |
| Sep 18, 2026 | OpenAI | — | Undisclosed | — |
| Sep 17, 2026 | Crusoe | Series F | $3.9B | Atreides Management, Mubadala Capital, Valor Equity Partners |
| Sep 16, 2026 | Arcee AI | Series B | $150M | — |
| Sep 16, 2026 | Instinct | Series C (reported) | up to $1B | Sequoia Capital, Benchmark |
| Sep 16, 2026 | Thatch | Venture | $108M | — |
| Sep 15, 2026 | AIUC | Series A | $40M | Ribbit Capital |
| Sep 15, 2026 | Flam | Series B | $40M | QED Investors |