AI took 64% of Q3 venture funding

Crunchbase’s Q3 data puts AI-driven startups at $102 billion, or 64% of the $159 billion in global venture funding; a record 27 companies raised rounds of at least $1 billion. AI’s share slipped from the prior two quarters even as it stood 14 percentage points above Q3 2025, so the headline describes a capital concentration more than a broad fundraising thaw. The pattern echoes the top-heavy physical-AI funding record earlier this year.