Markets
AI Startups Now Consume 41% of All Venture Capital — Record $128B on Carta, 10% of Startups Got 50% of Funding
TechCrunch reports AI startups accounted for 41% of the $128 billion in venture dollars raised on Carta in 2025, a record-high annual share with returns so far looking good. The concentration is extreme: 10% of startups captured half of all funding. In 2026, mega-rounds continue: xAI $20B Series E, OpenAI $110B, Anthropic $30B at $380B valuation. This capital concentration into AI at the expense of traditional SaaS is structural — investors now consider thin workflow layers, generic horizontal tools, and ChatGPT-with-UI wrappers 'quite boring.'
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