New Pitchbook data shows that AI is dramatically dominating startup investments. 2025 will be the first year in which AI accounts for more than half of all VC money invested.
According to Bloomberg, Pitchbook reports that the VC has poured $192.7 billion into the industry so far, of its total $366.8 billion. In the most recent quarter, AI accounted for 62.7% of funds invested by US VCs and 53.2% of funds invested by global companies.
Most of that money will be named for marquees like Anthropic, which announced the $13 billion Series F in September. Meanwhile, the number of startups and venture funds has been successful in raising funds for years. Pitchbook says 823 funding has been raised worldwide in 2025 compared to 4,430 in 2025.
Pitchbook research director Kyle Sanford told Bloomberg that the market is “a branching” with “you're in AI or you're not,” “you're a big company or not.”