If you’re not an AI startup, good luck raising money from VCs
New PitchBook data illustrate how dramatic AI dominates the startup investments, with 2025 on-track to become the first year in which AI accounts for more than half of all invested VC money.
PitchBook reports that VCs have so far deposited $ 192.7 billion into the industry this year, a total of $ 366.8 billion, According to Bloomberg. In the most recent quarter, AI accounted for 62.7% of the money invested by US VCs, and for 53.2% of the money invested by global companies.
The majority of that money goes to selection names such as Anthropic, which announced a series of F of 13 billion in September. In the meantime, the number of startups and venture funds that successfully raise money at their lowest level in years – PitchBook says that 823 funds have so far been collected worldwide in 2025, compared to 4,430 in 2022.
Research director of PitchBook Kyle Sanford told Bloomberg that the market is “split”, where “you are in AI, or you are not” and “you are a big company, or you are not.”
