Data Report

State of AI Funding 2026

Documented venture funding into AI & Machine Learning companies — totals, the largest rounds, stage mix, and the quarterly trend.

Data as of September 2026 · Updated continuously · Figures in USD

$2.2T

Total Documented Funding

18,744

Funding Rounds

11,525

Companies Funded

$400.0B

Largest Round

Funding Trend

Documented capital raised per quarter. The current quarter is still filling in.

$51.4B
$80.3B
$59.7B
$170.7B
$107.9B
$240.4B
$180.0B
$45.2B
'24 Q4
'25 Q1
'25 Q2
'25 Q3
'25 Q4
'26 Q1
'26 Q2
'26 Q3
QTD

Peak quarter '26 Q1 at $240.4B. Latest complete quarter (2026Q2): 25% QoQ · 202% YoY. Current quarter (QTD) is still filling in.

Largest Rounds

The biggest documented AI & Machine Learning funding rounds. Tap any company for its full profile.

Rounds by Stage

How documented rounds break down by funding stage.

1Seed
7,835
2Series A
4,452
3Series B
2,396
4Grant
1,757
5Pre-Seed
1,729
6Venture Round
1,572
7Series C
1,097
8Series D
452

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Methodology

Figures are aggregated from Indexed's live database of 100,049+ private companies and 22,293+ investors. Every funding round is sourced from a verifiable public record; duplicates are merged and only rounds meeting a confidence threshold are counted. Amounts are whole USD; undisclosed rounds are excluded from dollar totals but counted where noted. "Documented" means announced with a citable source — true market totals are higher. Data as of September 2026 and updated continuously. Free to cite with attribution to Indexed.