# Median growth round in AI (2026)

> The median growth round in AI is $150M, from 135 rounds announced in the last 12 months. Half raised between $40M and $450M.

Source: https://millionrounds.com/benchmarks/growth/ai (Millionrounds; every figure on the page links to its filing or article)

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 rounds[All benchmarks](https://millionrounds.com/benchmarks)

Growth AI

Median round

**$150M**

$21M 1 in 10 below $40M – $450M middle half $1.7B 1 in 10 above

135 rounds counted · recounted nightly

Rounds counted **135** growth rounds in AI, last 12 months

Against worldwide **+39%** vs the $108M worldwide median

Since last round **11 mo** median gap, from 66 companies we saw raise before

Lead named **87%** 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 Q4 12 rds

$300M '25 Q1 11 rds

$143M '25 Q2 16 rds

$550M '25 Q3 16 rds

$116M '25 Q4 26 rds

$120M '26 Q1 35 rds

$163M '26 Q2 34 rds

$223M '26 Q3 34 rds

Who leads

## The most active leads

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

- [1 **GIC** 5 led](https://millionrounds.com/fund/gic)
- [2 **General Catalyst** 4 led](https://millionrounds.com/fund/general-catalyst)
- [3 **Coatue** 4 led](https://millionrounds.com/fund/coatue-management)
- [4 **Andreessen Horowitz** 3 led](https://millionrounds.com/fund/andreessen-horowitz)
- [5 **Lux Capital** 3 led](https://millionrounds.com/fund/lux-capital)
- [6 **SoftBank BB Corp** 3 led](https://millionrounds.com/fund/softbank)

Recent examples

## Growth rounds in AI, latest first

- [**Solink** 29 Oct 2026 · Vertu Capital $100M -33%](https://millionrounds.com/company/solink)
- [**Cognitive Credit** 22 Oct 2026 · Summit Partners $40M -73%](https://millionrounds.com/company/cognitive-credit)
- [**Kevel** 22 Oct 2026 · Not named $52M -65%](https://millionrounds.com/company/kevel)
- [**Otter.ai** 20 Oct 2026 · General Catalyst $320M +113%](https://millionrounds.com/company/otter-ai)
- [**Skeleton Technologies** 14 Oct 2026 · Siemens $100M -33%](https://millionrounds.com/company/skeleton-technologies)
- [**Tamr** 14 Oct 2026 · Volition Capital $21M -86%](https://millionrounds.com/company/tamr)
- [**KP Labs** 14 Oct 2026 · Not named $4.9M -97%](https://millionrounds.com/company/kp-labs)
- [**Aatmunn** 13 Oct 2026 · Memento Growth Partners $8.0M -95%](https://millionrounds.com/company/aatmunn)

**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](https://millionrounds.com/methodology).

Other stages in AI

[**Pre-seed** $2.1M](https://millionrounds.com/benchmarks/pre-seed/ai)[**Seed** $7.0M](https://millionrounds.com/benchmarks/seed/ai)[**Series A** $21M](https://millionrounds.com/benchmarks/series-a/ai)[**Series B** $55M](https://millionrounds.com/benchmarks/series-b/ai)[**Series C** $110M](https://millionrounds.com/benchmarks/series-c/ai)[**Series D** $150M](https://millionrounds.com/benchmarks/series-d/ai)

Growth elsewhere

[**United States** $200M](https://millionrounds.com/benchmarks/growth/united-states)[**Fintech** $55M](https://millionrounds.com/benchmarks/growth/fintech)[**United Kingdom** $25M](https://millionrounds.com/benchmarks/growth/united-kingdom)

## Raising a growth round?

See who leads rounds like yours, and check your raise before you pitch.

[Take the Fundability Test](https://millionrounds.com/fundability)[Or find investors](https://millionrounds.com/investor-database)

## 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.
