Funding benchmark · last 12 months

The typical growth round in AI

From 135 growth rounds announced in AI over the last twelve months, each read from a named source. Half of them raised between $40M and $450M.

See the roundsAll benchmarks

GrowthAI
Median round$150M
$21M1 in 10 below$40M – $450Mmiddle half$1.7B1 in 10 above

135 rounds counted · recounted nightly

Rounds counted135growth rounds in AI, last 12 months
Against worldwide+39%vs the $108M worldwide median
Since last round11 momedian gap, from 66 companies we saw raise before
Lead named87%of these rounds name the investor who led

The trend

Median growth round, quarter by quarter

From $575M in 2024 Q4 to $223M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$575M'24 Q412 rds
$300M'25 Q111 rds
$143M'25 Q216 rds
$550M'25 Q316 rds
$116M'25 Q426 rds
$120M'26 Q135 rds
$163M'26 Q234 rds
$223M'26 Q334 rds

Who leads

The most active leads

The firms that led the most growth rounds in AI this year.

  1. 1GIC5 led
  2. 2General Catalyst4 led
  3. 3Coatue4 led
  4. 4Andreessen Horowitz3 led
  5. 5Lux Capital3 led
  6. 6SoftBank BB Corp3 led

Recent examples

Growth rounds in AI, latest first

How to read these figures

They come from announced rounds. Large rounds are almost always announced and many small ones never are, so the true typical round is probably a little smaller than shown, most of all at pre-seed and seed. Every round behind them is in the record with its source. How we read rounds.

Other stages in AI

Pre-seed$2.1MSeed$7.0MSeries A$21MSeries B$55MSeries C$110MSeries D$150M

Growth elsewhere

United States$200MFintech$55MUnited Kingdom$25M

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Q&A

How big is a typical growth round in AI?

The median is $150M, from 135 growth rounds announced in AI in the last twelve months. Half of them raised between $40M and $450M; one in ten raised more than $1.7B.

Which rounds are counted?

Rounds announced in the last twelve months with a stated amount and stage, each read from a named article or filing. A page is only published where at least 30 rounds stand behind it.

Are these figures biased?

Towards larger rounds, yes. Big rounds are announced; many small ones never are. So the true typical round is probably a little smaller than the figure here, especially at pre-seed and seed.

How often does it change?

The figures are recounted from the record every night, as new rounds are read.