venture funding

As global venture funding in 2025 ratcheted up to the third-highest total on record after the peak years of 2021 and 2022, capital also concentrated further, with the number of companies raising rounds of $50 million or more drastically shrinking roughly by half to a cohort of just 1,440. The investors backing the hottest companies […]

For a while, AI felt like a cheat code. Mention AI on an earnings call, announce a bigger data center plan, sign a flashy partnership, and the market filled in the rest. Spend meant ambition. Ambition which meant valuation. That world is gone. Over the past few quarters, markets have quietly flipped from “reward any