Data Report
State of AI Funding — All-Time
Tracked funding for AI & Machine Learning companies across all years — totals, largest rounds, stage mix, and recent quarterly trends.
Snapshot read October 2026. Figures in USD.
Example request
curl "https://indexed.vc/api/v1/companies?industries=Artificial+Intelligence,Generative+AI,Machine+Learning&sort=last_funding_date&order=desc&limit=100" -H "X-API-Key: YOUR_API_KEY"The API returns companies, not funding rounds or totals, so this is the closest request: companies in this report, most recently funded first.
Funding totals and round counts include only positive known USD amounts. Company and stage counts also include rounds without a known USD amount.
$1.1T
Funding with USD Amounts
19,579
Rounds with USD Amounts
11,697
Companies with Funding Events
$122.0B
Largest Round
Funding Trend
Funding with known USD amounts per quarter. The current quarter is still filling in.
Year-only estimates are excluded from quarterly totals. Headline totals may include them.
Peak quarter '26 Q1 at $238.5B. Latest complete quarter (2026Q3): ▼ 55% QoQ · ▲ 1% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest tracked AI & Machine Learning funding rounds with known USD amounts. Tap any company for its full profile.
OpenAI
Corporate Round · United States
$122.0B
Mar 2026
Anthropic
Series G+ · United States
$65.0B
May 2026
OpenAI
Corporate Round · United States
$40.0B
Mar 2025
Anthropic
Series G+ · United States
$30.0B
Feb 2026
xAI
Series E · United States
$20.0B
Jan 2026
Waymo
Venture Round · United States
$16.0B
Feb 2026
Anthropic
Series F · United States
$13.0B
Sep 2025
Project Prometheus
Series B · United States
$12.0B
Jun 2026
xAI
Venture Round · United States
$10.0B
Sep 2025
Databricks
Series G+ · United States
$10.0B
Dec 2024
OpenAI
Corporate Round · United States
$10.0B
Jan 2023
Perplexity AI
Venture Round · United States
$9.0B
Dec 2024
DeepSeek
Venture Round · China
$7.4B
Jun 2026
OpenAI
Venture Round · United States
$6.6B
Oct 2024
Project Prometheus
Series A · United States
$6.2B
Nov 2025
Rounds by Stage
Most common stages among all eligible funding events, including rounds without a known USD amount.
Explore More
Methodology
Figures are aggregated from Indexed's live database of 100,427 company profiles and 22,512 investors. Company totals include publicly listed and inactive businesses. Company funding totals and individual event tables have different coverage; each report states its population and period. Amounts are shown in USD where available, and undisclosed amounts are excluded from dollar totals. Source coverage varies by record; follow company and event links to inspect supporting evidence. Report generated October 2026. Free to cite with attribution to Indexed.
Totals include recorded grants and other qualifying funding, not just equity. Debt financing, IPO proceeds and exit consideration are excluded from these funding totals. Valuations are company values, not capital raised. How funding is counted.