Weekly edition
Week 9, 2026 (23 Feb to 1 Mar)
52 rounds and $3.9B raised. The biggest: Moonshot AI, $700M.
Compared with week 8
- Rounds
- 52 +16%
- Capital raised
- $3.9B +56%
- Median round
- $30.2M +101%
Average of the 4 weeks before: 50 rounds, $10.9B a week. This week is -64% on capital.
The week in charts
AI took 57% of the capital this week, up from 28% in week 8. $3.9B in all, up 56% on week 8.
Mega-rounds against the rest
11 of 52 rounds made 74% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 11 | $2.9B |
| The rest | 41 | $992M |
Capital raised per day
The busiest day: Tue 24 Feb, $1.6B across 18 rounds.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| Mon 23 Feb | 6 | $378M | Ubicquia, $106M |
| Tue 24 Feb | 18 | $1.6B | Moonshot AI, $700M |
| Wed 25 Feb | 13 | $1.1B | MatX, $500M |
| Thu 26 Feb | 7 | $515M | SHINE, $240M |
| Fri 27 Feb | 6 | $175M | Encord, $60M |
| Sat 28 Feb | 2 | $64M | Temple, $54M |
| Sun 1 Mar | 0 | $0K |
Where the capital went
AI raised $2.2B, 57% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $2.2B | 57% | 20 |
| Other | $668M | 17% | 9 |
| Robotics & Hardware | $319M | 8% | 6 |
| Health | $244M | 6% | 2 |
| Enterprise software | $217M | 6% | 7 |
| Cybersecurity | $139M | 4% | 3 |
| Consumer | $40M | 1% | 2 |
| Fintech | $32.5M | <1% | 3 |
The 10 biggest rounds
The 10 biggest rounds raised $2.8B, 72% of the total.
Everyone who raised
52 companies raised $3.9B. A bigger tile is a bigger round.
Most active investors
Accel joined 4 rounds, leading 4, more than any other investor.
The investor race, last 8 weeks
Ranked by rounds joined so far. Lightspeed Venture Partners finished first with 23 rounds over the last 8 weeks.
| Investor | Week 2 | Week 3 | Week 4 | Week 5 | Week 6 | Week 7 | Week 8 | Week 9 |
|---|---|---|---|---|---|---|---|---|
| Lightspeed Venture Partners | 4 | 6 | 9 | 14 | 17 | 18 | 21 | 23 |
| Y Combinator | 2 | 4 | 8 | 11 | 11 | 13 | 13 | 16 |
| Accel | 1 | 1 | 3 | 5 | 8 | 9 | 10 | 14 |
| Bessemer Venture Partners | 3 | 5 | 6 | 7 | 7 | 8 | 11 | 12 |
| Peak XV Partners | 0 | 0 | 1 | 2 | 3 | 6 | 8 | 10 |
Where the rounds were
China raised $700M, 18% of the capital. Rounds in 9 countries, 37 with no country disclosed.
The cities that raised
San Jose raised $350M, more than all of Africa ($50M). Rounds from 16 cities.
Rounds by stage
Series A was the most common stage: 8 rounds, median $22.8M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 1 | $1.7M |
| Seed | 4 | $3.2M |
| Series A | 8 | $22.8M |
| Series B | 7 | $50M |
| Series C | 3 | $60M |
| Series D | 1 | $106M |
| Other or undisclosed | 28 | $19.6M |
Sectors against week 8
Biggest gain: AI, +$1.5B. Biggest drop: Fintech, -$683M. Change in capital raised. Only where both periods have rounds.
| Sectors | Week 9, 2026 (23 Feb to 1 Mar) | week 8 | Change |
|---|---|---|---|
| AI | $2.2B | $695M | +$1.5B |
| Other | $668M | $173M | +$495M |
| Health | $244M | $10.8M | +$233M |
| Cybersecurity | $139M | $47M | +$92M |
| Enterprise software | $217M | $290M | -$73.4M |
| Robotics & Hardware | $319M | $545M | -$226M |
| Fintech | $32.5M | $716M | -$683M |
Countries against week 8
Biggest gain: Netherlands, +$248M. Change in capital raised. Only where both periods have rounds.
| Countries | Week 9, 2026 (23 Feb to 1 Mar) | week 8 | Change |
|---|---|---|---|
| Netherlands | $250M | $2.4M | +$248M |
| United Kingdom | $63.3M | $4.7M | +$58.6M |
| India | $42M | $35M | +$7M |
All rounds
- Moonshot AIDevelops Kimi, a large language model chatbot and AI assistant.Led by Alibaba Group $700MChina
- MatXBuilds an LLM chip delivering higher throughput and lower latency for large language models.Led by Jane Street, with Spark Capital, Daniel Gross +8 $500MSeries B
- SambaNovaMakes AI chips for data center and enterprise AI workloads.Led by Vista Equity Partners, with Cambium Capital, Intel Capital +3 $350M
- Spirit AIBuilds general-purpose embodied AI models giving robots generalization and physical precision for real-world work. $280M
- Axelera AIDevelops AI inference chips and edge AI processing hardware for businesses and devicesLed by Innovation Industries, with BlackRock, SiteGround Capital +6 $250MNetherlands
- SHINEDevelops fusion-based neutron technology and medical isotope production for healthcare and industry.Led by NantWorks, with Fidelity Management & Research Company, Sumitomo Corporation of Americas +3 $240M
- RevelModernizes the software layer used for hardware test and control systems.Led by Index Ventures, with Redpoint Ventures, Thrive Capital +3 $150MSeries B
- UbicquiaProvides intelligent infrastructure technology for cities and utilities, based on the press release headline only.Led by 67 Capital, with Hamilton Lane, ClearSky +2 $106MSeries D
- BasisBuilds AI-driven software for finance and accounting teams, according to the headline context.Led by Accel, with Acc $100MSeries B
- ZaiNarProvides a platform turning wireless networks into sensing systems for physical AI applications.With Steve Jurvetson, Jerry Yang, Tom Gruber +2 $100M
- AalyriaBuilds next-generation communications backbone technology for the new space age.Led by Battery Ventures, with DYNE $100M
- UpGuardOffers cyber risk and security posture management software for organizations.Led by Springcoast Partners, with August Capital, Square Peg Capital +1 $75MSeries C
- HumandBuilds mobile AI operating system connecting deskless workers with HR and internal communication tools.Led by Goodwater $66MSeries A
- Gambit SecurityBuilds AI-native platform mapping enterprise infrastructure and backup data to measure resilience.Led by Cyberstarts, with Spark Capital, Kleiner Perkins $61MIsrael
- EncordProvides data infrastructure and annotation tools for training physical AI and computer vision models.Led by Wellington Management, with Y Combinator, CRV +5 $60MSeries C · United Kingdom
- GambitCybersecurity company founded by Unit 8200 veterans helping companies withstand cyberattacks.Led by Kleiner Perkins $56M
- TempleBuilds high-performance wearable devices for elite athletes.Led by Deepinder Goyal, with Steadview Capital, Peak XV Partners +7 $54M
- BreadfastOperates an online grocery and household goods delivery platform serving African consumers.With Mubadala Investment Co., SBI Investment Co., Olayan Financing Company +1 $50MPre-Series C · Nigeria
- GuiddeProvides tools intended to bridge the gap between AI and employees at companies.Led by PSG Equity, with monday.com, Norwest Venture Partners +3 $50MSeries B
- PepperProvides end-to-end technology platform helping independent food distributors grow revenue and productivity.Led by Lead Edge Capital, with ICONIQ, Index Ventures +3 $50MSeries C
- SolveAIProvides an AI platform letting employees build compliant enterprise software without writing code.Led by GV (Google Ventures), with Northzone, Mantis VC +4 $49.2M
- NimbleEnterprise AI data company aiming to close data gaps for businesses adopting artificial intelligenceLed by Norwest Fund, with Databricks Ventures, Square Peg +6 $47MSeries B
- Letter AIAI-powered sales software startup that helps businesses with sales outreach and revenue work.Led by Battery Ventures, with Y Combinator, Lightbank +3 $40MSeries B
- VerleyUses precision fermentation to produce animal-free protein ingredients for food makers.Led by Alven, with Blast, Sofinnova +4 $38MSeries A · France
- FluxBuilds AI-driven tools that let users create electronics through vibe coding. $37M
- Frankenburg TechnologiesDevelops defence technology products for military customers.Led by Plural, with SmartCap $35.3MSeries A
- NODA AIBuilds an AI-powered orchestration platform and autonomous applications for defense and intelligence customers.Led by Bessemer Venture Partners, with Booz Allen Ventures, Draper Associates +2 $25MSeries A
- KoahOffers AI-native monetization software for businesses.Led by Theory Ventures, with Forerunner, South Park Commons $20.5MSeries A
- ConstelliDevelops technology products for the defence sectorLed by General Catalyst, with 360 ONE Asset, Pravega Ventures $20M
- CompSoftware platform aiming to transform human resources management into a seamless experience for companies.Led by Khosla Ventures, with Kaszek, Canary +2 $19.3MBrazil
- NationGraphProvides data that helps businesses predict and win public sector sales opportunities.Led by Menlo Ventures, with Perplexity's Fund, XYZ Venture Capital +2 $18MSeries A
- WishlinkSocial commerce platform enabling creators and brands to sell products through digital content and links.Led by Vertex Ventures Southeast Asia & India, with Fundamentum, Elevation Capital $17.5MSeries B · India
- XflowCross-border payment platform for exports and imports with payment authorisations.Led by General Catalyst, with Square Peg, Stripe +3 $16.6MSeries A
- Prayaan CapitalProvides credit to small and medium enterprises in India through a financing platform.Led by Peak XV Partners $12.7MSeries A · India
- Sophia SpaceDevelops orbital computing technology for data processing in space.Led by Alpha Funds, with Mandala Space Ventures $10M
- Gushwork AIAI company building software for business growth and go-to-market effortsLed by Susquehanna Asia VC, with Lightspeed, B Capital +4 $9MSeed
- SpintlyAccess control and smart building security technology provider.Led by Accel, with Enrission India Capital, SucSEED Ventures +3 $8MIndia
- General MagicBuilds SMS-based AI agents that serve insurance customers over text messaging. $7.2M
- Eezee $5MSingapore
- PulseMedical equipment startup developing devices for healthcare providers.Led by 3one4 Capital, with Incubate Fund Asia, Stride Ventures $4M
- S2.devData infrastructure startup developing software for managing and processing dataLed by Accel, with Uncorrelated Ventures, Y Combinator $3.9M
- QuantcorePlans to manufacture niobium-based quantum hardware with sovereign supply chains $3.4M
- AlpaUK fintech building a financial operating system for hospitality businessesLed by Daphni, with True Capital, 2100 Ventures +6 $3.3MUnited Kingdom
- Jampack AIAI software company; product details not stated in the headline. $3.2MSeed
- SherpasDevelops an AI-powered platform focused on wealth management and investing.Led by 1248, with AUA Private Equity Capital, GoHub Ventures $3.2MSeed
- Kris@WorkAI-native platform for go-to-market execution and sales workflowsLed by Infoedge Ventures, with JN Capital & Growth Advisory (Singapore) $3M
- TBDBuilds a prediction market protocol measuring verified human sentiment through World ID-gated polling.Led by CMT Digital, with Jump Crypto $3MSeed
- BasilDirect-to-consumer brand selling its own consumer products online.Led by Prime Venture Partners $2MIndia
- HireBoundProvides recruitment technology software to help employers hire candidates, according to the headline.Led by Kalaari Capital $2M
- optoMLDevelops AI-focused semiconductor technology for computing hardware applications. $1.8MIndia
- Tattvam AILed by Seedcamp $1.7MPre-Seed
- OrigaBuilds voice AI technology for businessesLed by Antler Singapore, with angel investors associated with Uber, SpaceX and Salesforce $450KSingapore
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