AI continues to dominate the venture world, according to a new Crunchbase report.
A record $189 billion in global venture capital flowed into startups in February, the report said. AI startups overall raised $171 billion, or 90% of the funding raised last month. These are amazing numbers and seem like they're just the beginning.
This record spending was more than triple the global VC spending in January and was dominated by huge funding rounds from just three companies: OpenAI, Anthropic, and Waymo.
OpenAI's latest $110 billion raise led the pack. This was one of the largest private rounds ever raised and valued the company at $730 billion. Rival Anthropic received a $30 billion Series G at a valuation of $380 billion. Finally, Waymo raised $16 billion at a $126 billion valuation.
These three companies alone accounted for 83% of the venture funding raised last month.
OpenAI, Anthropic, and Waymo alone raised a third of the $425 billion in total venture funding in 2025, according to Crunchbase.