One Reported Round. 80.9% Of The AI Money.

AI funding this week

$19.62B

Share of all venture $

61.3%

AI companies funded

85

Biggest AI round

$15.88BDeepSeek (reported)

Tracked so far

$512.0Bacross 48 weeks

The week in brief

Of 209 funded companies this week, 85 (40.7%) were AI, taking $19.62B of the $31.99B total (61.3%). Against Week 47 ($6.21B, 92 companies), AI funding rose 216.0% while total venture rose 247.2% from $9.21B, so AI’s share eased from 67.4% to 61.3%. It is the seventh-largest AI week of the 48 tracked. DeepSeek’s reported $15.88B is 49.6% of all venture dollars and 80.9% of AI dollars, and the top five took 89.4%, up from 60.8% last week. The typical AI round was $13.4M, up from $12.0M.

Where the money went

• China$16.48B84.0% of AI dollars · 7 companies

  Up from $946.5M and ten companies. DeepSeek ($15.88B, reported) is 96.4% of it, then Approaching.AI ($195.0M), Micronano Core ($150.0M) and Yizhu Technology ($149.8M).

• United States$2.27B11.6% · 45 companies

  Down from $4.34B and 56 companies. Bedrock Robotics ($600M), Pathos ($237M) and Warp Sciences ($215M) are 46.4% of it.

• Asia-Pacific (ex-China)$676.4M3.4% · 11 companies

  Up from $158.4M and nine companies. FuriosaAI ($610.5M, Seoul) is 90.3% of it; the next largest, aiz Entertainment ($14.9M, South Korea) and live2.ai ($13.7M, India), are far smaller.

• Europe$144.5M0.7% · 15 companies

  Down from $743.7M, when Legora raised $550M. MACHENTA ($40.0M, London) is the largest round, then Circuit Mind ($18.5M) and Nous ($17.0M), both London.

• Middle East & Africa$34.0M0.2% · 2 companies

  Mave ($28.0M, Tel Aviv) and Sightec ($6.0M, Ramat Gan). Last week was $0.

• Rest of world$10.0M0.1% · 2 companies

  Two Canadian companies: SYMX.AI ($6.0M, Sudbury) and Assembler AI ($4.0M, Montréal). Last week was $13.1M.

• Latin America$9.0M0.0% · 3 companies

  Celes ($5.0M, Barranquilla, Colombia), Futuriza ($3.0M, Joinville, Brazil) and Gaio ($1.0M, São Paulo). Three companies, less than a twentieth of a percent of AI dollars. Last week was $6.5M and one company.

The top five AI rounds

1. DeepSeek $15.88B

   Series B · Hangzhou, China · reported pre-money of about 500 billion yuan · reported

   DeepSeek builds AI models and the apps and developer tools around them. Reuters and Bloomberg reported that CATL and Tencent are the largest investors, and described it as a follow-on to a round of about 50 billion yuan in June. This one round is 49.6% of all venture dollars this week.

   Reported, not confirmed by DeepSeek. Crunchbase records CNY 106B; Reuters and Bloomberg reported about 100 billion yuan.

2. FuriosaAI $610.5M

   Series D · Seoul, South Korea · $2.9B post-money

   FuriosaAI designs energy-efficient chips for running AI models in data centers; its RNGD chip is built for inference. It is the largest round outside China and the United States.

   Crunchbase records $610.5M; the company says $620M.

3. Bedrock Robotics $600M

   Series C · San Francisco · $4.1B post-money · CapitalG, Emergence Capital

   Bedrock Robotics makes autonomy kits that turn existing excavators and other heavy construction equipment into self-operating machines. It is the largest US round of the week.

4. Pathos $237M

   Series E · New York · Bristol Myers Squibb

   Pathos applies agentic AI to oncology drug development.

5. Warp Sciences $215M

   Series A · South San Francisco · Lightspeed Venture Partners

   Warp Sciences, founded by Kevin Weil, runs a chemistry lab staffed by AI and robots to speed up drug research. It is the largest Series A of the week.

Also notable: Approaching.AI $195.0M (inference platform on domestic Chinese chips, reported) · Micronano Core $150.0M (AI chips, Hangzhou) · Yizhu Technology $149.8M (AI computing power, Suzhou) · Tractian $130M (physical AI for industry, Atlanta, $1.4B valuation) · General Compute $100M (low-latency AI cloud, San Francisco) · Foundry Robotics $100M and Hex $100M (both San Francisco).

Trends

• One reported round set the week. DeepSeek’s $15.88B is 80.9% of AI dollars, and twelve rounds of $100M or more took $18.47B, 94.1%.
• China’s total jumped on one deal. From $946.5M and ten companies to $16.48B and seven; DeepSeek is 96.4% of it.
• Chips and robots filled the next tier. Chip makers FuriosaAI and Micronano Core raised $760.5M between them, and Bedrock Robotics and Foundry Robotics raised $700M.
• Drug discovery drew two big checks. Pathos ($237M) and Warp Sciences ($215M) raised $452M, 2.3% of AI dollars.
• Early stage was most of the count. Seed and Series A were 58 of 85 AI rounds and $1.11B, 5.7% of AI dollars.