# Median Series A round in AI (2026)

> The median Series A round in AI is $21M, from 478 rounds announced in the last 12 months. Half raised between $14M and $38M.

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

Funding benchmark · last 12 months

# The typical Series A round in *AI*

From 478 Series A rounds announced in AI over the last twelve months, each read from a named source. Half of them raised between $14M and $38M.

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

Series A AI

Median round

**$21M**

$9.6M 1 in 10 below $14M – $38M middle half $97M 1 in 10 above

478 rounds counted · recounted nightly

Rounds counted **478** Series A rounds in AI, last 12 months

Against worldwide **+5%** vs the $20M worldwide median

Since last round **14 mo** median gap, from 79 companies we saw raise before

Lead named **89%** of these rounds name the investor who led

The trend

## Median Series A round, quarter by quarter

From $18M in 2024 Q4 to $22M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$18M '24 Q4 38 rds

$19M '25 Q1 40 rds

$18M '25 Q2 47 rds

$23M '25 Q3 66 rds

$22M '25 Q4 79 rds

$20M '26 Q1 131 rds

$23M '26 Q2 109 rds

$22M '26 Q3 96 rds

Who leads

## The most active leads

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

- [1 **Andreessen Horowitz** 14 led](https://millionrounds.com/fund/andreessen-horowitz)
- [2 **Sequoia Capital** 8 led](https://millionrounds.com/fund/sequoia-capital)
- [3 **Accel** 8 led](https://millionrounds.com/fund/accel)
- [4 **Lightspeed Venture Partners** 8 led](https://millionrounds.com/fund/lightspeed-venture-partners)
- [5 **Bessemer Venture Partners** 7 led](https://millionrounds.com/fund/bessemer-venture-partners)
- [6 **Khosla Ventures** 6 led](https://millionrounds.com/fund/khosla-ventures)

Recent examples

## Series A rounds in AI, latest first

- [**Midstream Health** 30 Oct 2026 · Valtruis $20M -5%](https://millionrounds.com/company/midstream-health)
- [**Reflex** 29 Oct 2026 · Standard Capital $14M -33%](https://millionrounds.com/company/reflex)
- [**AIZ Entertainment** 29 Oct 2026 · Not named $15M -29%](https://millionrounds.com/company/aiz-entertainment)
- [**BioGeometry** 28 Oct 2026 · China Life Capital $100M +376%](https://millionrounds.com/company/biogeometry)
- [**Easol** 28 Oct 2026 · Not named $30M +43%](https://millionrounds.com/company/easol)
- [**Fragment** 28 Oct 2026 · 8VC $56M +167%](https://millionrounds.com/company/fragment)
- [**Foundry Robotics** 28 Oct 2026 · Marlinspike $100M +376%](https://millionrounds.com/company/foundry-robotics)
- [**Circuit Mind** 28 Oct 2026 · Norwest Venture Partners $19M -12%](https://millionrounds.com/company/circuit-mind)

**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 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** $150M](https://millionrounds.com/benchmarks/growth/ai)

Series A elsewhere

[**United States** $25M](https://millionrounds.com/benchmarks/series-a/united-states)[**Fintech** $16M](https://millionrounds.com/benchmarks/series-a/fintech)[**Healthcare** $20M](https://millionrounds.com/benchmarks/series-a/healthcare)[**United Kingdom** $14M](https://millionrounds.com/benchmarks/series-a/united-kingdom)[**Robotics** $28M](https://millionrounds.com/benchmarks/series-a/robotics)[**Biotech** $32M](https://millionrounds.com/benchmarks/series-a/biotech)[**Construction** $23M](https://millionrounds.com/benchmarks/series-a/construction)[**Cybersecurity** $25M](https://millionrounds.com/benchmarks/series-a/cybersecurity)[**Big Data & Analytics** $21M](https://millionrounds.com/benchmarks/series-a/big-data)[**Software** $18M](https://millionrounds.com/benchmarks/series-a/software)[**Energy** $26M](https://millionrounds.com/benchmarks/series-a/energy)[**Manufacturing** $19M](https://millionrounds.com/benchmarks/series-a/manufacturing)[**Enterprise Software** $21M](https://millionrounds.com/benchmarks/series-a/enterprise-software)[**India** $10M](https://millionrounds.com/benchmarks/series-a/india)[**Logistics** $13M](https://millionrounds.com/benchmarks/series-a/logistics)[**Defence Tech** $25M](https://millionrounds.com/benchmarks/series-a/defensetech)[**Hardware & Electronics** $25M](https://millionrounds.com/benchmarks/series-a/hardware)[**Financial Services** $20M](https://millionrounds.com/benchmarks/series-a/financial-services)[**Climate Tech** $15M](https://millionrounds.com/benchmarks/series-a/climate)[**Australia** $15M](https://millionrounds.com/benchmarks/series-a/australia)[**Healthtech** $13M](https://millionrounds.com/benchmarks/series-a/healthtech)[**SaaS** $17M](https://millionrounds.com/benchmarks/series-a/saas)

## Raising a Series A 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 Series A round in AI?

The median is $21M, from 478 Series A rounds announced in AI in the last twelve months. Half of them raised between $14M and $38M; one in ten raised more than $97M.

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.
