AI Funding More Than Doubles. Ramp Takes $1.85B.

AI funding this week

$7.02B

Share of all venture $

55.7%

AI companies funded

91

Biggest AI round

$1.85BRamp

Tracked so far

$486.2Bacross 46 weeks

The week in brief

Of 221 funded companies this week, 91 (41.2%) were AI, taking $7.02B of the $12.59B total (55.7%). Thirteen AI rounds of $100M or more took 82.5% of AI dollars, up from eight rounds and 61.4% last week. The top five took 63.4%, up from 46.5%. The typical round was $10.0M, from $12.2M. Against Week 45 ($3.02B, 72 companies), AI funding rose 132.3% and total venture rose 28.4%, from $9.81B.

Where the money went

• United States$5.47B78.0% of AI dollars · 56 companies

  Up from $2.69B and 89.1% last week, so the money doubled while the share fell. Ramp, TypeSafe AI, Modal Labs and Oratomic are $3.95B of it, 72.1% of US dollars.

• Asia-Pacific (ex-China)$654.9M9.3% · 8 companies

  Up from $30.8M. Manus ($500M, listed in Singapore by Crunchbase) and NeoAI Cloud ($112.4M, Seoul) are 93.5% of it.

• China$525.5M7.5% · 5 companies

  After $0 last week. Infinigence ($343.7M) is 65.4% of it, then Astribot ($149.4M), Jinghua Secret Computing ($14.9M), Firmior AI ($10.0M) and Litai Biopharm ($7.5M).

• Europe$266.1M3.8% · 16 companies

  Up from $230.5M. The UK had nine companies and $225.9M, led by Salience Labs ($125M, Oxford).

• Middle East & Africa$97.5M1.4% · 5 companies

  All five are Israeli companies. Pluto Security ($34.0M) is the biggest. Last week it was $2.4M.

• Rest of world$1.2M0.0% · 1 company

  Orbio, with no location in Crunchbase. Last week was $65.0M.

• Latin America$00.0% · 0 companies

  No AI round in Crunchbase this week. Last week was $1.7M. Crunchbase adds late announcements, so this may be a gap in the data rather than a real zero.

The top five AI rounds

1. Ramp $1.85B

   Series not stated · New York · Avenir, Dragoneer, Founders Fund, Sands Capital, Thrive

   Ramp makes software for corporate spend management, finance operations and business payments.

   Counted as AI on Crunchbase’s tag alone. Its Crunchbase description does not mention AI.

2. TypeSafe AI $870M

   Series A · San Francisco · Andreessen Horowitz

   TypeSafe builds AI models and software tools that automate decisions inside apps and business workflows.

3. Modal Labs $750M

   Series D · New York · Accel

   Modal runs serverless cloud infrastructure for machine learning and data processing workloads.

4. Manus AI $500M

   Series not stated · Singapore (per Crunchbase) · Boyu Capital, IDG Capital

   Manus builds general AI agents that perform operational tasks.

5. Oratomic $475M

   Series B · Pasadena · ARCH, Bezos Expeditions, General Catalyst, Index, Khosla, Spark

   Oratomic develops neutral-atom quantum hardware and error correction for fault-tolerant quantum computers.

   Counted as AI on Crunchbase’s tag alone.

Also notable: Infinigence $343.7M (AI infrastructure, Shanghai) · Arena $200M (AI model evaluation) · ICON $200M (construction technology, AI by tag only) · Salience Labs $125M (optical networking, Oxford).

Trends

• Compute and chips took a fifth. Modal, Infinigence, Salience Labs, NeoAI Cloud, KONST, Ubitium and Phinity Labs raised $1,380.3M, 19.7% of AI dollars.
• The AI tag landed on hardware. Oratomic, ICON, Astribot, VEIR and Sabi raised $984.4M, 14.0% of AI dollars, all on the tag alone.
• China is back. Five companies and $525.5M, after $0 last week. Infinigence is 65.4% of it.
• Series C to F got heavy. Six rounds took $1,593.7M, 22.7% of AI dollars. Seed and Series A were 61 of 91 rounds but about 22.6% of dollars.
• The UK led Europe. Nine of Europe’s 16 AI rounds were UK companies: $225.9M, 84.9% of European AI dollars.