# Median Series D round in AI (2026) > The median Series D round in AI is $150M, from 49 rounds announced in the last 12 months. Half raised between $70M and $400M. Source: https://millionrounds.com/benchmarks/series-d/ai (Millionrounds; every figure on the page links to its filing or article) Funding benchmark · last 12 months # The typical Series D round in *AI* From 49 Series D rounds announced in AI over the last twelve months, each read from a named source. Half of them raised between $70M and $400M. See the rounds[All benchmarks](https://millionrounds.com/benchmarks) Series D AI Median round **$150M** $40M 1 in 10 below $70M – $400M middle half $840M 1 in 10 above 49 rounds counted · recounted nightly Rounds counted **49** Series D rounds in AI, last 12 months Against worldwide **-5%** vs the $158M worldwide median Since last round **14 mo** median gap, from 26 companies we saw raise before Lead named **86%** of these rounds name the investor who led The trend ## Median Series D round, quarter by quarter From $130M in 2024 Q4 to $115M in 2026 Q3. Quarters with fewer than five rounds are left blank. $130M '24 Q4 10 rds $143M '25 Q1 6 rds $125M '25 Q2 11 rds '25 Q3 4 rds $140M '25 Q4 7 rds $250M '26 Q1 12 rds $180M '26 Q2 10 rds $115M '26 Q3 13 rds Who leads ## The most active leads The firms that led the most Series D rounds in AI this year. - [1 **Sequoia Capital** 5 led](https://millionrounds.com/fund/sequoia-capital) - [2 **Accel** 3 led](https://millionrounds.com/fund/accel) - [3 **Index Ventures** 2 led](https://millionrounds.com/fund/index-ventures) - [4 **Coatue** 2 led](https://millionrounds.com/fund/coatue-management) - [5 **Kleiner Perkins** 2 led](https://millionrounds.com/fund/kleiner-perkins) - [6 **TCV** 2 led](https://millionrounds.com/fund/tcv) Recent examples ## Series D rounds in AI, latest first - [**FuriosaAI** 28 Oct 2026 · National Growth Fund $620M +313%](https://millionrounds.com/company/furiosaai) - [**Tractian** 22 Oct 2026 · Sapphire Ventures $130M -13%](https://millionrounds.com/company/tractian) - [**Whop** 21 Oct 2026 · Sequoia Capital $200M +33%](https://millionrounds.com/company/whop) - [**Sirona Medical** 16 Oct 2026 · Avidity Partners $40M -73%](https://millionrounds.com/company/sirona-medical) - [**Mujin, Inc.** 12 Oct 2026 · SK Square $224M +49%](https://millionrounds.com/company/mujin-inc) - [**Valon** 5 Oct 2026 · Not named $150M at median](https://millionrounds.com/company/valon) - [**Clay** 9 Sept 2026 · Wellington Management $115M -23%](https://millionrounds.com/company/clay) - [**Mistral AI** 8 Sept 2026 · Samsung Electronics $3.5B +2233%](https://millionrounds.com/company/mistral-ai) **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)[**Growth** $150M](https://millionrounds.com/benchmarks/growth/ai) Series D elsewhere [**United States** $190M](https://millionrounds.com/benchmarks/series-d/united-states) ## Raising a Series D 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 D round in AI? The median is $150M, from 49 Series D rounds announced in AI in the last twelve months. Half of them raised between $70M and $400M; one in ten raised more than $840M. 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.