Crunchbase data shows global venture investment totaled $189 billion in February ' the largest startup funding month on record ' although 83% of capital raised went to just three companies. They include OpenAI, which raised $110 billion, also in the largest round ever raised by a private, venture-backed company. A further four companies each raised $1 billion or more last month: Tokyo-based semiconductor manufacturer Rapidus; London-based self-driving platform Wayve; San Francisco-based AI for robotics World Labs; and Sunnyvale, California-based AI semiconductor company Cerebras Systems. The trend of capital concentration was not only visible in the larger late-stage financings. Seed, Series A and Series B rounds' median and average amounts have increased each year since 2024, and continued to do so through February. AI-related startups raised $171 billion in February, accounting for 90% of global venture funding. Other sectors that stood out include hardware-related startups...
learn more