Funding benchmark · last 12 months

The typical Series C round in AI

From 124 Series C rounds announced in AI over the last twelve months, each read from a named source. Half of them raised between $67M and $235M.

See the roundsAll benchmarks

Series CAI
Median round$110M
$40M1 in 10 below$67M – $235Mmiddle half$600M1 in 10 above

124 rounds counted · recounted nightly

Rounds counted124Series C rounds in AI, last 12 months
Against worldwide+10%vs the $100M worldwide median
Since last round13 momedian gap, from 53 companies we saw raise before
Lead named85%of these rounds name the investor who led

The trend

Median Series C round, quarter by quarter

From $100M in 2024 Q4 to $142M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$100M'24 Q413 rds
$70M'25 Q119 rds
$75M'25 Q28 rds
$178M'25 Q312 rds
$108M'25 Q420 rds
$100M'26 Q127 rds
$100M'26 Q229 rds
$142M'26 Q342 rds

Who leads

The most active leads

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

  1. 1Insight Partners6 led
  2. 2Menlo Ventures5 led
  3. 3Sequoia Capital3 led
  4. 4Andreessen Horowitz3 led
  5. 5General Catalyst3 led
  6. 6Khosla Ventures3 led

Recent examples

Series C 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 D$150MGrowth$150M

Series C elsewhere

United States$100MFintech$66MHealthcare$56M

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Q&A

How big is a typical Series C round in AI?

The median is $110M, from 124 Series C rounds announced in AI in the last twelve months. Half of them raised between $67M and $235M; one in ten raised more than $600M.

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.