Global venture funding reached $42B in August, up 122% year over year and down 25% from July.

Crunchbase reported September 3 that investors put $42 billion into just over 1,500 startups, against $56 billion in July. Seven rounds exceeded $1 billion, led by Databricks at $5 billion on a $190 billion valuation, with Hadrian, River AI, Yuanxin Satellite, Valar Atomics, Poolside and Base Power taking the rest. Five of the seven had already raised within the prior 12 months. Capital is compounding into the same names rather than widening.