3 deals drive massive $189 bln venture spike in February

Artificial intelligence (AI) companies accounted for the vast majority of global venture capital investment in February, according to a recent report from Crunchbase, with 3 firms alone responsible for most of the record-breaking total.

The report found that $189 billion in venture funding flowed to startups worldwide last month, more than three times the amount recorded in January. Of that sum, $171 billion, or roughly 90 percent, was directed to AI-focused companies.

Much of the capital was concentrated in three large funding rounds. OpenAI secured $110 billion in fresh investment, one of the largest private fundraising rounds on record, valuing the company at $730 billion. Its competitor Anthropic raised $30 billion in a Series G round at a valuation of $380 billion. Meanwhile, Waymo, the self-driving technology subsidiary of Alphabet, attracted $16 billion at a valuation of $126 billion.

Together, the three companies accounted for 83 percent of all venture dollars raised in February. The combined $156 billion raised by OpenAI, Anthropic and Waymo in a single month amounts to roughly one-third of the $425 billion invested across the entire venture capital market in 2025, according to data provided in Crunchbase reports.