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AI Startup Funding
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Track the latest venture capital deals, funding rounds, and investor moves across the AI sector — updated daily as new deals break.
$1.2B+
Capital Tracked
18
Deals Covered
Apr 15
Last Updated
2
Weeks Covered
Sector
Round Size
Round Type
AI Funding Deals – April 15, 2026
4 key deals · Wayve $60M chip extension · Artemis $70M cybersecurity · Gizmo $22M edtech · Turion space AIToday’s signal: April 15 closes the two-week window with a clear theme — silicon-level alignment is now the deciding factor for AI deployment at scale. Wayve’s $60M Series D extension from AMD, Arm, and Qualcomm Ventures brings total Series D to $1.2B at an $8.6B post-money valuation, giving the London autonomous-driving company coverage across virtually every automotive compute architecture in production. The strategic value isn’t the capital — it’s the distribution: Wayve can now run on whatever silicon any OEM chooses, removing the single biggest commercial friction in AV partnerships. Artemis emerged from stealth with $70M across seed and Series A to build AI-native cybersecurity that matches attacks unfolding at machine speed. Gizmo’s $22M Series A for AI-powered personalised learning and continued momentum in AI-adjacent space, biotech, and climate resilience deals round out a day where the pattern is consistent: capital is backing platforms that sit between AI and physical-world constraints.
$60M
Wayve
📍 London, UK
UK autonomous driving startup using end-to-end “embodied AI” trained on real-world driving data — no high-definition maps or hand-coded rules required. The $60M extension brings AMD, Arm, and Qualcomm Ventures onto a cap table that already includes Nvidia, Microsoft, SoftBank Vision Fund 2, Uber, and automakers Mercedes-Benz, Nissan, and Stellantis. Wayve’s tech powers two products: an “eyes on” assisted-driving system and an “eyes off” fully automated system applicable to robotaxis and consumer vehicles. Nissan plans to integrate Wayve into its ProPILOT driver-assistance systems starting in 2027. Uber has also committed an additional $300M contingent on London robotaxi deployment milestones.
Why it matters
The strategic play here isn’t the capital — it’s silicon-layer distribution. With AMD, Arm, Qualcomm, and Nvidia all on board, Wayve’s AI Driver can now run across every major automotive compute architecture, removing the chip-fragmentation friction that has slowed AV commercialization industry-wide. A March 2026 collaboration with Qualcomm on the Snapdragon Ride platform and a planned Tokyo robotaxi pilot with Uber and Nissan in late 2026 show this isn’t a thesis — it’s a deployment pipeline.AMD, Arm, Qualcomm Ventures (new in extension); prior Series D: SoftBank Vision Fund 2, Eclipse, Balderton, Microsoft, Nvidia, Uber, Mercedes-Benz, Nissan, Stellantis
$70M
Artemis
📍 US
AI-native cybersecurity platform designed to detect and respond to attacks unfolding at machine speed. Artemis builds organization-specific models of “normal” behavior across identity, cloud, applications, and endpoints to reduce alert noise and shorten time-to-containment. The company disclosed $70M across combined seed and Series A as it emerged from stealth — a signal that investors are increasing conviction in platforms that can match agentic threats with agentic defense.
Why it matters
Legacy SIEM and SOC tooling was built for human-paced investigation. As attackers deploy AI agents that move through networks in seconds, defensive platforms need to operate at the same tempo. Artemis emerging with both seed and Series A disclosed in one announcement signals investors want to fund the full early-stage runway for platforms that can credibly claim machine-speed response — joining Kai ($125M, Mar 15) in the agentic cybersecurity category.Investors not yet fully disclosed
$22M
Gizmo
📍 US / UK
AI-powered studying platform building personalised learning loops — using generative AI to generate quizzes, flashcards, and practice problems tailored to a student’s gaps and retention patterns. The $22M Series A funds product expansion and user growth. Competes in a category where Oboe ($16M, earlier) and others are building end-to-end personalised curriculum tools as an AI-native alternative to static courseware.
Why it matters
Consumer edtech has been hard to fund since 2022, but AI-native study tools are finding a path: the marginal cost of personalisation drops to near-zero once the model is trained, turning what used to be 1-to-1 tutoring economics into 1-to-many SaaS. Gizmo’s raise at a period when consumer AI apps are otherwise being squeezed by churn signals that retention metrics in personalised learning are holding up.Investors not yet fully disclosed
Undisclosed
Turion Space
📍 Irvine, CA
Space intelligence startup pairing scale capital with a defense-adjacent market tailwind: rising demand for persistent space-based sensing, faster satellite deployment cycles, and differentiated onboard-plus-ground software. Turion is also positioned to compete for work tied to a major Space Force supplier program, adding strategic relevance beyond the round itself.
Why it matters
Space AI is quietly becoming one of the most defensible defense-tech categories of 2026 — persistent overhead sensing combined with on-orbit inference compresses the OODA loop in ways that bandwidth-constrained ground processing cannot. Washington Harbour Partners leading with multiple defense-aligned co-investors confirms that space-based intelligence is being funded alongside Shield AI and Anduril as part of the broader defense AI wave.Washington Harbour Partners (lead), Aurelia Foundry, Forward Deployed VC, FoundersX, Center15 Capital, Magnetar, HOF Capital, Industrious Ventures
AI Funding Deals – April 14, 2026
5 key deals · Glydways $170M autonomous · Sygaldry $105M quantum-AI · nEye.ai $80M optical · Mintlify $45M docs · Bluefish $43M AI visibilityToday’s signal: April 14 was the single busiest day of the two-week window — and every deal pointed in the same direction: infrastructure and orchestration layers that sit beneath the AI application layer. Glydways raised $170M Series C (Suzuki, ACS Group, Khosla Ventures co-leads) for autonomous vehicle guideway networks, funding pilots into public service. Sygaldry Technologies’ $105M Series A for quantum-accelerated AI servers positions quantum as an “add-on in the rack” rather than a distant replacement for classical compute. nEye.ai’s $80M Series C for optical circuit switching targets the single biggest bottleneck inside AI data centers — interconnect. Mintlify’s $45M Series B for AI-readable documentation infrastructure and Bluefish’s $43M Series B for AI visibility control at Fortune 500 brands confirm the same pattern at the software layer: startups that instrument AI systems — rather than build yet another model — are attracting growth-stage capital when they can tie their product to measurable business control points.
$170M
Glydways
📍 South San Francisco, CA
Autonomous mobility company building small, electric, AI-driven vehicles that run on dedicated narrow guideway networks — a transit-grade alternative to buses and light rail. The $170M Series C pushes Glydways into commercialization: launching operational pilots, scaling vehicle production with a strategic manufacturing partner, and converting memoranda and infrastructure commitments into public service. Suzuki, ACS Group, and Khosla Ventures co-led the round.
Why it matters
In a sector where autonomy timelines routinely slip when deployments meet permitting and capex reality, this round is structured to fund real-world operations rather than more R&D. Suzuki as a co-lead brings manufacturing scale; ACS Group brings construction and infrastructure delivery; Khosla brings the venture playbook. The combination is engineered for the messy middle between technical demo and public-service deployment — the stage where most autonomy companies stall.Suzuki Motor Corporation, ACS Group, Khosla Ventures (co-leads); Mitsui Chemicals, Gates Frontier, Obayashi Corporation (new)
$105M
Sygaldry Technologies
📍 US
Developing quantum-accelerated AI servers designed to run alongside classical data-center infrastructure — speeding up selected AI algorithms while improving performance per watt. Rather than treating quantum as a distant replacement for conventional compute, Sygaldry positions quantum capability as an add-on “in the rack” and is building software paths to make it accessible from existing AI workloads.
Why it matters
This is the first commercially credible integration thesis for quantum in AI infrastructure — not “quantum will replace GPUs” but “quantum will sit next to GPUs in the same rack for specific workloads.” A $105M Series A signals that investors believe the hybrid quantum-classical deployment model is viable on a 3–5 year horizon, rather than the 10+ year horizon most pure-play quantum startups have been held to.Investors not yet fully disclosed
$80M
nEye.ai
📍 US
Building optical circuit switching infrastructure for AI data centers. As GPU clusters scale into the tens of thousands, electrical switching hits fundamental bandwidth, latency, and power limits. nEye.ai’s optical switches route photons directly between compute nodes, reducing conversions to electricity and cutting power draw from the network layer.
Why it matters
Networking is the quiet third bottleneck of AI scaling — after compute and memory. Nexthop AI raised $500M Series B in March for AI-optimized switches; nEye.ai’s $80M Series C for optical switching is the layer below that. Both are signals that the AI data center stack is being funded component by component, and the network fabric is now a standalone venture category rather than an afterthought.Investors not yet fully disclosed
$45M
Mintlify
📍 San Francisco, CA
Documentation platform building infrastructure for both human developers and AI agents to read and act on technical docs. As coding agents consume API documentation the way humans consume it, Mintlify’s structured, machine-readable doc format becomes a control point for any company that wants its API to be used correctly by Cursor, Claude, Copilot, and agentic coding tools.
Why it matters
Documentation was always overlooked infrastructure. In the agentic era, it becomes the API surface that AI agents read. Mintlify’s $45M Series B reflects the same thesis as Bluefish: in 2026, “being findable by AI” is a budget line item for any company selling to developers or enterprises — and the platforms that own that control point get funded at growth-stage multiples.Investors not yet fully disclosed
$43M
Bluefish
📍 New York, NY
Agentic marketing platform that helps Fortune 500 brands monitor and optimize how they appear across AI channels — ChatGPT, Claude, Gemini, Perplexity, and AI-powered search. As AI assistants become the front door to product research, “AI visibility” is emerging as a distinct discipline from traditional SEO. Threshold Ventures and NEA co-led the $43M Series B, with Amex Ventures, TIAA Ventures, Salesforce Ventures, Bloomberg Beta, Crane Venture Partners, Laconia, and Swift Ventures participating.
Why it matters
This is the clearest signal yet that AI visibility has moved from experimental spend to budgeted infrastructure for large brands — a shift SEO pros will recognize from the 2005–2010 arc of search. The round illustrates a common 2026 pattern: startups that instrument AI systems, rather than build yet another model, attract growth-stage capital when they can tie their product to measurable business control points. Salesforce and Amex Ventures participating signals enterprise buyers are already committed.Threshold Ventures, NEA (co-leads), Amex Ventures, TIAA Ventures, Salesforce Ventures, Bloomberg Beta, Crane Venture Partners, Laconia, Swift Ventures
AI Funding Deals – April 13, 2026
3 key deals · Chapter $100M Medicare AI · OpenAI acquires Hiro · Attention AI roundToday’s signal: April 13 reflected a sharp shift toward infrastructure-heavy bets across AI, energy, advanced manufacturing, and capital markets — with large late-stage financings signalling continued conviction in capital-intensive sectors. Chapter, the Medicare navigation platform using AI to deliver personalized, unbiased healthcare coverage guidance to seniors, raised $100M Series E led by Generation Investment Management — notable for bringing former senior political figures and top-tier growth investors into a deeply regulated consumer healthtech play. Separately, OpenAI continued its acquisition spree, announcing the acqui-hire of AI personal finance startup Hiro Finance (backed by Ribbit, General Catalyst, Restive) — its seventh known 2026 acquisition and a clear signal OpenAI is assembling vertical expertise faster than any other frontier lab.
$100M
Chapter
📍 New York, NY
Medicare navigation platform using AI to deliver personalized, unbiased healthcare coverage guidance to seniors. Chapter helps users compare Medicare Advantage, Medigap, and Part D plans based on their specific prescriptions, preferred providers, and budget — a decision that traditionally requires hours of broker time and is prone to misaligned incentives. The $100M Series E lifts total reported equity funding to $284M. Generation Investment Management (Al Gore’s firm) led; Fifth Down Capital, 8VC, Stripes, XYZ Venture Capital, Addition, Narya Capital, Susa Ventures, and Maverick Ventures participated.
Why it matters
Medicare navigation has $4B+ in broker commissions flowing annually through a confusing, conflicted distribution model. Chapter’s AI-powered, fiduciary approach is one of the highest-trust vertical consumer AI plays funded to date. Generation Investment Management leading at Series E signals long-duration capital betting that AI-first consumer healthtech can capture share from incumbent broker networks — a thesis that requires years of sustained deployment, not a viral moment.Generation Investment Management (lead), Fifth Down Capital, 8VC, Stripes, XYZ Venture Capital, Addition, Narya Capital, Susa Ventures, Maverick Ventures
Undisclosed
OpenAI acquires Hiro Finance
📍 San Francisco, CA
OpenAI acquired personal finance AI startup Hiro Finance in an apparent acqui-hire. Founded in 2024 by serial entrepreneur Ethan Bloch (who previously built and sold personal finance app Digit for ~$230M), Hiro launched its AI tool about five months ago. Terms were not disclosed. Hiro will shut down operations on April 20 and delete all data on May 13, with its ~10-person team joining OpenAI.
Why it matters
This is OpenAI’s seventh known acquisition of 2026 — nearly matching its entire 2025 total of eight — and continues a clear pattern: rather than build every vertical from scratch, OpenAI is assembling operator teams with domain expertise (developer tools via Astral, AI testing via Promptfoo, personal finance via Hiro). It’s also the clearest signal yet that consumer AI personal finance will be folded into ChatGPT’s “SuperApp” direction alongside Codex and Atlas.OpenAI (acquirer); prior Hiro backers: Ribbit Capital, General Catalyst, Restive
Undisclosed
Attention
📍 New York, NY
Enterprise AI platform building decisioning tools for retail and commerce — helping merchants automate pricing, assortment, and promotion decisions using agentic AI tied to live POS and inventory data. Part of a broader April 13 pattern where capital flowed into tools that remove friction from complex systems — financial rails, clinical workflows, supply chains, and retail decisioning alike.
Why it matters
Retail decisioning has been a promised AI use case for a decade but has repeatedly failed to cross from pilot to production because of data-integration pain. Founding in the post-agent era, with APIs that can actually reach into merchandising systems, changes the economics. Attention’s round is a small signal of a larger thesis: AI is moving past dashboards into direct operational control.Investors not yet fully disclosed
AI Funding Deals – April 9–10, 2026
3 key deals · Eclipse $1.3B physical-AI fund · Juno AI tax automation · LatAm Q1 crosses $1BToday’s signal: April 9–10 surfaced two important signals about where 2026 capital is heading. Eclipse, the early backer of Cerebras, disclosed a $1.3B fundraise in SEC filings — $720M for early-stage and $591M for later-stage — explicitly targeting physical industries including AI infrastructure, manufacturing, and defense. Crunchbase reporting on the same window confirmed that Latin American startups raised a combined $1.03B in Q1 2026 (up year-over-year), and that the investors backing the highest number of Q1 rounds were mostly not the ones writing the biggest checks — a bifurcation between mega-round concentration and healthy broad-based seed/Series A activity. Juno, an AI tax-preparation automation startup built for underserved SMBs, also raised in this window, continuing the pattern of vertical-AI applications addressing high-friction compliance workflows.
$1.3B Fund
Eclipse — New Physical-AI Fund
📍 Palo Alto, CA
Venture firm Eclipse — an early backer of Nvidia rival Cerebras Systems — disclosed $1.3B in new fundraising across two vehicles: $720M for early-stage startups and $591M for later-stage deals. The firm is explicitly targeting physical industries, including AI infrastructure, manufacturing, and defense. Eclipse, an early backer of Nvidia rival Cerebras Systems Inc., disclosed the fundraising in filings with the Securities and Exchange Commission on April 7, 2026.
Why it matters
Eclipse joins Kleiner Perkins’ $3.5B AI fund (March) in confirming that institutional capital for AI-adjacent physical industries continues to scale — even as individual round sizes normalize from February’s historic peaks. The split between early-stage ($720M) and later-stage ($591M) suggests Eclipse is building a portfolio that can fund companies from seed through growth, a structure better suited to capital-intensive physical-AI businesses like robotics, semiconductors, and defense hardware than typical software VC economics.Eclipse Ventures (new $1.3B across two fund vehicles per SEC filings)
Undisclosed
Juno
📍 US
AI tax preparation automation startup built specifically for underserved small and mid-size businesses — a segment that currently relies on either expensive human CPAs or consumer-grade software not designed for business complexity. Juno uses agentic AI to handle classification, deduction identification, and filing workflows that have historically required hours of manual work per return.
Why it matters
Vertical AI in tax and compliance is a category that reliably funds: it sits at the intersection of high friction, clear willingness to pay, and structured documents that LLMs handle well. Juno’s raise alongside Oro Labs ($100M procurement AI, March) and Fieldguide (audit AI) confirms AI is systematically taking apart regulated enterprise workflows one vertical at a time.Investors not yet fully disclosed
$1.03B Q1
Latin America Startup Funding — Q1 2026
📍 Regional (Brazil, Mexico, Colombia)
Crunchbase reporting on April 9 confirmed that startups in Latin America raised a combined $1.03B across seed- and growth-stage deals in the three-month period ending March 31 — up year-over-year. The regional total sits in stark contrast to Q1’s global concentration: while OpenAI, Anthropic, xAI, and Waymo absorbed 65% of all global venture capital, LatAm’s more distributed capital base reflects healthy broad-based deal activity at earlier stages.
Why it matters
For AI founders outside the U.S. and Europe, the LatAm Q1 data is an important counter-narrative to the “all capital flows to four frontier labs” storyline. Regional VC ecosystems are still funding real companies at seed and Series A scale — the bifurcation is between mega-round concentration at the top and healthy, distributed early-stage activity everywhere else.Regional aggregate — per Crunchbase Q1 2026 LatAm report, published April 9
AI Funding Deals – April 7–8, 2026
2 key deals · Broad-based seed/Series A concentration · Europe Q1 AI-led momentumToday’s signal: April 7–8 was characterized less by headline rounds and more by structural data. Crunchbase published analysis on April 8 showing that the investors backing the highest number of startup rounds in record-setting Q1 were mostly not the ones writing the biggest checks — confirming the funding environment has bifurcated into two distinct markets: mega-round concentration at the top (OpenAI, Anthropic, xAI, Waymo) and healthy, broad-based seed/Series A activity everywhere else, with over 40% of seed and Series A investment in 2026 going to rounds of $100M+. European Q1 data also landed in this window: European venture funding reached $17.6B in Q1 2026, up nearly 30% YoY, with AI claiming more than 50% of the continent’s total funding for the first time — led by AMI Labs, Nscale, Wayve, and Legora.
$300B Q1
Q1 2026 — Funding Bifurcation
📍 Global (Crunchbase data)
Q1 2026 saw $300 billion in global venture investment across 6,000 startups — an all-time record according to Crunchbase. AI accounted for $242 billion or 80% of total funding. Four mega-rounds — OpenAI ($122B), Anthropic ($30B), xAI ($20B), and Waymo ($16B) — collectively raised $188 billion, accounting for more than 63% of total funding in the quarter. Crunchbase’s April 8 analysis confirmed that the investors backing the highest number of Q1 rounds were mostly not the ones writing the biggest checks — a clear bifurcation between mega-round concentration and broad-based early-stage activity.
Why it matters
This is the structural picture SEO and marketing strategists need to understand the AI landscape: the “AI winter for non-frontier-labs” narrative is wrong. Seed and Series A AI rounds are commanding higher dollars and higher valuations than ever before — it’s just that the optics are dominated by four companies absorbing most headline capital. For founders outside the frontier-lab tier, capital availability in 2026 is the best it has ever been in absolute terms.Data source: Crunchbase Q1 2026 global venture report, published April 1 with follow-on analysis April 7–8
$17.6B Q1
Europe Q1 2026 — AI Momentum
📍 Europe (UK, France, Germany)
European venture funding reached $17.6 billion in Q1 2026, up nearly 30% year over year and marking the second consecutive quarter of growth. AI claimed more than 50% of Europe’s total funding for the quarter for the first time. The largest four rounds to startups based in Europe in Q1 were for AI-related companies: Nscale, Wayve, Advanced Machine Intelligence, and Legora. France has emerged as the European leader for AI frontier labs following AMI Labs’ $1B seed — the continent’s largest seed funding round on record.
Why it matters
Europe is the quiet winner of the Q1 2026 funding environment: fewer mega-rounds than the U.S. but a much healthier distribution of AI capital across frontier labs (AMI, Mistral), infrastructure (Nscale), autonomy (Wayve), and applications (Legora). For SEO and growth teams targeting European enterprise markets, the signal is that domestic AI vendor demand is real — UK, France, and Germany enterprises now have credible domestic AI alternatives to U.S. frontier labs.Data source: Crunchbase Europe Q1 2026 report, published early-to-mid April
AI Funding Deals – April 6, 2026
1 market signal · Fintech AI funding crosses $12B YTD · Start of the two-week windowToday’s signal: April 6 marked the start of the two-week window with a key data milestone: Crunchbase reported that global venture funding to financial technology startups totaled $12B across 751 deals in 2026 year-to-date — a 5% increase in pace versus the prior year despite broad macro headwinds. AI-native fintech (tax automation, Medicare navigation, commercial insurance, procurement) captured a disproportionate share of that flow, setting up the vertical-AI-in-regulated-finance theme that would dominate the following two weeks. OpenAI also announced on April 1 that it had closed its February mega-round at $122B at an $852B post-money valuation, with SpaceX filing confidentially for an IPO targeting $1.75T on the same day — the macro backdrop against which all April early-stage activity occurred.
$12B YTD
Global FinTech AI Funding — 2026 YTD
📍 Global (Crunchbase data)
Global venture funding to financial technology startups totaled $12 billion across 751 deals in 2026 as of April 6, per Crunchbase data. The theme threading through the 2026 fintech deal flow is vertical AI applied to regulated finance workflows — tax preparation (Juno), Medicare navigation (Chapter), commercial insurance underwriting (FurtherAI), fraud detection (Resistant AI), and B2B procurement (Oro Labs). The macro backdrop: OpenAI closed at $122B on March 31 at $852B post-money; SpaceX/xAI filed confidentially on April 1 targeting a $1.75T IPO.
Why it matters
Fintech has historically been the testing ground for new technology distribution models — the sector’s regulatory complexity, high willingness to pay, and structured document workflows make it both a natural AI early adopter and a reliable predictor of where enterprise AI revenue will land. $12B YTD across 751 deals signals the sector is absorbing AI not as an experiment but as operating infrastructure — setting the stage for the compliance-heavy, workflow-automation deals that would dominate the rest of April.Data source: Crunchbase FinTech 2026 YTD report, data as of April 6
📊 April 6–15, 2026 Trend Analysis — Updated Apr 15
April 6–15: Infrastructure Wins, AI Visibility Becomes Budget Line, Silicon-Layer Alignment is the New Moat
The first half of April 2026 delivered a remarkably consistent signal across every deal: the layers between AI and the real world are where capital is flowing. Not models. Not apps. The orchestration, networking, silicon-alignment, verification, and visibility layers that enterprises need before AI moves from pilot to production. Wayve’s $60M Series D extension from AMD, Arm, and Qualcomm Ventures (April 15) is the cleanest example — $60M is small next to its $1.2B Series D, but the strategic value is silicon-layer distribution across every automotive compute architecture in production. Glydways’ $170M for autonomous transit, Sygaldry’s $105M for quantum-accelerated AI servers, nEye.ai’s $80M for optical switching, and Bluefish’s $43M for AI visibility control all follow the same pattern.
Four themes defined the window. First, AI visibility has crossed into budgeted infrastructure — Bluefish’s $43M Series B (Threshold Ventures + NEA co-leads) confirms Fortune 500 brands now treat how they appear across ChatGPT, Claude, and Perplexity as a measurable control point. For SEO strategists, this is the 2005–2010 search-category arc compressed into 18 months. Second, the AI data center stack is being funded component-by-component: nEye.ai (optical switching) and Sygaldry (quantum acceleration) extend a pattern that includes Nexthop AI, Nebius, Normal Computing, and Ayar Labs. Third, vertical AI in regulated workflows keeps funding — Chapter ($100M Series E for Medicare navigation, led by Generation Investment Management) and Juno (AI tax automation for SMBs) both apply agentic AI to high-friction compliance work. Fourth, OpenAI’s acquisition pace accelerated — the Hiro Finance acqui-hire on April 13 was its seventh known 2026 acquisition, signalling OpenAI is assembling vertical operator teams faster than any peer.
Macro backdrop: Q1 2026 saw $300B in global venture investment across 6,000 startups — an all-time record, with AI accounting for $242B or 80% of total funding. European venture funding reached $17.6B in Q1 2026, up nearly 30% year over year, with AI claiming more than 50% of Europe’s total funding for the quarter for the first time. Eclipse raised a new $1.3B fund on April 7 targeting physical AI, manufacturing, and defense. Crunchbase reporting across April 7–9 confirmed the funding environment has bifurcated: mega-round concentration at the top (OpenAI, Anthropic, xAI, Waymo absorbed 65% of Q1 global VC) alongside healthy, broad-based seed/Series A activity where over 40% of early-stage investment went to $100M+ rounds. Looking ahead: watch for Q2 positioning around the SpaceX/xAI IPO roadshow (June 8) and OpenAI’s targeted Q4 2026 listing near $1T — these two will define the public-market appetite for AI for the next 24 months.