Global venture capital funding reached a record $189 billion in February, with AI startups capturing a staggering 90% ($171 billion) of that total. This surge was driven overwhelmingly by three companies: OpenAI ($110B raise), Anthropic ($30B), and Waymo ($16B).
Together, these three firms accounted for 83% of all venture dollars raised in February. Their combined fundraising last month alone equaled one-third of the total global venture spend for all of 2025.
Main topics: Record global venture capital funding; dominance of AI startups in fundraising; mega-rounds from OpenAI, Anthropic, and Waymo.
AI continues to dominate the venture world, per a new Crunchbase report.
A record $189 billion of global venture capital flowed to startups in February, according to the report. AI startups overall raised $171 billion, or 90% of the capital raised last month. It’s a stunning number that feels like only the start.
That record spending was more than three times the global VC spend in January and was dominated by mammoth funding rounds from just three companies: OpenAI, Anthropic, and Waymo.
OpenAI’s latest $110 billion raise led the pack. It was one of the largest private rounds ever raised and valued the company at $730 billion. Its rival Anthropic nabbed a $30 billion Series G at a $380 billion valuation. Lastly, Waymo raised $16 billion at a valuation of $126 billion.
These three companies alone were responsible for 83% of the venture dollars raised last month.
The amount raised by just OpenAI, Anthropic, and Waymo last month was one-third of the total $425 billion venture spend in 2025, according to Crunchbase.