# AI startup funding, August 2026: Firmus Technologies's $2.0B Growth leads 117 rounds > We read 117 equity rounds in AI announced in August 2026, raising $14B between them: 53% of all the rounds we read that month and 58% of the money. Source: https://millionrounds.com/news/monthly/2026-08/sector/ai (Millionrounds; every figure on the page links to its filing or article) Equity rounds **117** in AI, 112 with an amount Raised **$14B** across those rounds Lead named **82%** of rounds say who led Share of the month **53%** of rounds; 58% of the money ## The biggest rounds - [1 **Firmus Technologies** Growth · Australia **$2.0B**](https://millionrounds.com/company/firmus-technologies) - [2 **Thrive Holdings** Growth · United States · led by SoftBank BB Corp, Altimeter **$2.0B**](https://millionrounds.com/company/thrive-holdings) - [3 **River AI** Series A · United States · led by General Catalyst, AMP PBC **$1.1B**](https://millionrounds.com/company/river-ai) - [4 **Valar Atomics** Series B · United States · led by Sequoia Capital **$1.0B**](https://millionrounds.com/company/valar-atomics) - [5 **Lumilens** Series C · United States · led by Bain Capital Ventures, Spark Capital **$700M**](https://millionrounds.com/company/lumilens) - [6 **Lovable** Series C · Sweden · led by Menlo Ventures, Scaleup Europe Fund **$400M**](https://millionrounds.com/company/lovable) - [7 **Higgsfield** Series B · United States · led by DST Global **$400M**](https://millionrounds.com/company/higgsfield) - [8 **Groq** Series A · United States · led by Disruptive **$350M**](https://millionrounds.com/company/groq) - [9 **Olix** Growth · United Kingdom · led by Fundomo **$312M**](https://millionrounds.com/company/olix) - [10 V **Volta** Series A · led by Andreessen Horowitz, Altimeter **$300M**](https://millionrounds.com/company/volta) ## Day by day Equity rounds in AI announced each day of August. The busiest day was 4 August, with 16. 1 August 31 August ## By stage, against the year Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed/ai) *19* **$2.2M** this month **$2.1M** 12 months here [Seed](https://millionrounds.com/benchmarks/seed/ai) *25* **$8.2M** this month **$7.0M** 12 months here [Series A](https://millionrounds.com/benchmarks/series-a/ai) *28* **$40M** this month **$21M** 12 months here [Series B](https://millionrounds.com/benchmarks/series-b/ai) *18* **$64M** this month **$55M** 12 months here [Series C](https://millionrounds.com/benchmarks/series-c/ai) *9* **$100M** this month **$110M** 12 months here [Series D](https://millionrounds.com/benchmarks/series-d/ai) *5* **$80M** this month **$147M** 12 months here [Growth](https://millionrounds.com/benchmarks/growth/ai) *11* **$220M** this month **$150M** 12 months here ## The most active leads Firms that led two or more of the month's rounds in AI. - [**General Catalyst** Cityblock Health, River AI, Transfyr *3 led*](https://millionrounds.com/fund/general-catalyst) - [**Bessemer Venture Partners** Flagler Health, Malachyte, Twin1 AI *3 led*](https://millionrounds.com/fund/bessemer-venture-partners) - [**New Enterprise Associates** Horizon3, TwelveLabs *2 led*](https://millionrounds.com/fund/new-enterprise-associates) - [**Index Ventures** Instinct, Intelligence *2 led*](https://millionrounds.com/fund/index-ventures) - [**Menlo Ventures** Lovable, Wispr *2 led*](https://millionrounds.com/fund/menlo-ventures) - [**Benchmark** Decade, Instinct *2 led*](https://millionrounds.com/fund/benchmark) - [**8VC** Generalist, Standard Metrics *2 led*](https://millionrounds.com/fund/8vc) - [**Nexus Venture Partners** Naïve, Runable *2 led*](https://millionrounds.com/fund/nexus-venture-partners) ## Where - [United States](https://millionrounds.com/news/monthly/2026-08/united-states) **52** - [Australia](https://millionrounds.com/news/monthly/2026-08/australia) **6** - [United Kingdom](https://millionrounds.com/news/monthly/2026-08/united-kingdom) **6** - [Canada](https://millionrounds.com/news/monthly/2026-08/canada) **6** - [Brazil](https://millionrounds.com/news/monthly/2026-08/brazil) **5** - Switzerland **3** - [China](https://millionrounds.com/news/monthly/2026-08/china) **3** - [India](https://millionrounds.com/news/monthly/2026-08/india) **2** United States had the most AI rounds this month. ## Against the month - Rounds, AI **117** - Rounds, all sectors **220** - Raised, AI **$14B** - Raised, all sectors **$25B** [The whole of August 2026](https://millionrounds.com/news/monthly/2026-08) ## Other sectors in August [32 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/fintech)[24 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/robotics)[21 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-08/sector/construction)[18 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-08/sector/healthcare)[18 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/software)[17 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-08/sector/energy)[14 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/logistics)[14 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/big-data)[13 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/defensetech)[12 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/enterprise-software)[12 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cloud)[11 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cleantech)[11 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/biotech)[11 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cybersecurity)[10 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/climate) **How this roundup is made** It is written from the rounds we read that month in named articles and filings, by the sectors we file each company under; a company can sit in more than one, so sector roundups overlap. Only equity rounds with a stage count; debt, grants and public companies' raises do not. Each sector with 10 or more equity rounds in a month gets its own roundup. We read more sources every month, so compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)