Which startups have raised the most funding in the generative AI market?

Last updated: 11 March 2026

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This is a regularly updated ranking of the top startups in the generative AI market, sorted by the total amount of funding they have raised to date.

We update this list every month to reflect the latest fundraising activity across foundation models, AI-powered applications, and developer infrastructure.

Whether you are an investor, a founder, or simply tracking how capital flows through the generative AI market, this page gives you a clear and reliable snapshot of the landscape.

And if you want to better understand this new industry, you can download our pitch covering the generative AI market.

A quick summary table

Metric Value
Most funded generative AI startup OpenAI ($168.0B)
Second most funded generative AI startup Anthropic ($67.0B)
Largest single generative AI funding round $110.0B (OpenAI, February 2026)
Median funding across all startups ~$165M
Share of total funding captured by the top 10 ~95.7%
Median time since last round ~9 months
Generative AI startups that raised in the last 12 months ~50 of 98
Generative AI startups with $1B+ in total funding 10
Most active strategic investor in generative AI NVIDIA (18+ portfolio companies)
Share of generative AI startups still independently active ~93% (91 of 98)
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In our generative AI market deck, we show you long-term trends so you can make better decisions

Top startups in the generative AI market ranked by total funding raised

Here is an updated table that ranks the top startups in the generative AI market based on the total amount of funding they have raised to date.

The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup's current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).

If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the generative AI market ranked by valuation.

# Startup What They Do Total Raised ($) Total Rounds Last Round Date Last Round Amount ($) Last Round Type Key Investors Current Stage Confidence
1 OpenAI Frontier AI models and products $168.0B 5+ February 2026 $110.0B Late-stage round Amazon, NVIDIA, SoftBank Active Low
2 Anthropic Enterprise and safety-focused AI $67.0B 9+ February 2026 $30.0B Series G GIC, Coatue, Dragoneer Active Partial
3 xAI Grok models with X data $45.0B 3+ January 2026 $20.0B Series E Valor, StepStone, QIA Active Partial
4 Anysphere AI coding assistant Cursor $3.4B 5 November 2025 $2.3B Series D Thrive Capital, Accel, DST Global Active Strong
5 Mistral AI Open-weight frontier AI models $3.0B 5 September 2025 $2.0B Series C ASML, Cisco, Bpifrance Active Strong
6 Reflection AI Open frontier AI models $2.1B 3 October 2025 $2.0B Series B B Capital, Lightspeed, NVIDIA Active Strong
7 Inflection AI Human-centered conversational AI $1.5B 2 June 2023 $1.3B Late-stage round Microsoft, NVIDIA, Reid Hoffman Active Strong
8 Cohere Enterprise foundation models and agents $1.5B 6 September 2025 $100M Extension Salesforce Ventures, PSP, Radical Ventures Active Partial
9 Perplexity AI answer engine and search $1.2B 8 September 2025 $200M Extension IVP, NVIDIA, NEA Active Strong
10 Luma AI AI video and world models $1.1B 5 November 2025 $900M Series C HUMAIN, AMD Ventures, Andreessen Horowitz Active Strong
11 Harvey Legal AI for professionals $966M 7 December 2025 $160M Series F Andreessen Horowitz, WndrCo, T. Rowe Price Active Full
12 Runway AI video and world models $860M 7 February 2026 $315M Series E General Atlantic, NVIDIA, Adobe Ventures Active Strong
13 Uniphore Enterprise conversational AI $851M 4 October 2025 $260M Series F NVIDIA, AMD, Snowflake Active Partial
14 ElevenLabs AI voice and audio tools $781M 5 February 2026 $500M Series D Sequoia Capital, Andreessen Horowitz, ICONIQ Growth Active Strong
15 Glean Enterprise search and AI agents $765M 6 June 2025 $150M Series F Wellington Management, Khosla Ventures, Bicycle Capital Active Strong
16 Abridge AI clinical documentation platform $758M 6 June 2025 $300M Series E Andreessen Horowitz, Khosla Ventures Active Partial
17 Cognition AI software engineering agents $696M 4 August 2025 $400M Series C Founders Fund, Bain Capital Ventures, D1 Capital Active Partial
18 AI21 Labs Enterprise LLMs and orchestration $636M 4+ May 2025 $300M Series D Google, NVIDIA, Intel Capital Active Partial
19 Sierra AI customer service agents $635M 3 September 2025 $350M Series C Greenoaks, ICONIQ, Thrive Capital Active Strong
20 Poolside AI for software engineering $626M 3 October 2024 $500M Series B Bain Capital Ventures, NVIDIA, DST Global Active Strong
21 Parloa AI agents for customer service $563M 4 January 2026 $350M Series D General Catalyst, EQT Ventures, Altimeter Capital Active Strong
22 Grammarly AI writing and productivity $545M 4 March 2024 $145M Late-stage venture General Catalyst, BlackRock, Baillie Gifford Active Strong
23 Synthesia Enterprise AI avatar videos $536M 6 October 2025 $200M Series E GV, Evantic Capital, Hedosophia Active Full
24 Together AI AI cloud and inference $534M 4 February 2025 $305M Series B General Catalyst, Prosperity7, Salesforce Ventures Active Full
25 Decagon AI customer support agents $481M 5 January 2026 $250M Series D Coatue, Index Ventures, Accel Active Strong
26 Magic AI software engineer $465M 4 August 2024 $320M Series C Eric Schmidt, Atlassian, CapitalG Active Strong
27 Genspark AI search and agents $460M 4 January 2026 $25M Series B extension Emergence Capital, SBI Investment, LG Technology Ventures Active Strong
28 Adept AI AI agents for workflows $415M 2 March 2023 $350M Series B General Catalyst, Spark Capital, Microsoft Active Strong
29 DeepL AI translation and writing $415M 5 May 2024 $300M Series C Index Ventures, ICONIQ Growth, Teachers' Venture Growth Active Partial
30 Hugging Face Open-source AI platform $395M 6 August 2023 $235M Series D Salesforce Ventures, Google, NVIDIA Active Full
31 Hippocratic AI Healthcare AI agents $387M 5 November 2025 $126M Series C Avenir Growth, General Catalyst, Andreessen Horowitz Active Partial
32 EvenUp AI for injury-law workflows $385M 6 October 2025 $150M Series E Bessemer Venture Partners, REV, B Capital Active Partial
33 Suno AI music creation platform $375M 2 November 2025 $250M Series C Menlo Ventures, NVentures, Lightspeed Active Strong
34 Sakana AI Nature-inspired AI lab $365M 3 December 2025 $135M Series B MUFG, Khosla Ventures, NEA Active Full
35 ASAPP AI-native contact center software $354M 4 May 2021 $120M Series C Fidelity, Dragoneer, March Capital Active Low
36 Ambience Healthcare Ambient AI for clinicians $343M 3 July 2025 $243M Series C Oak HC/FT, Andreessen Horowitz, OpenAI Startup Fund Active Partial
37 Fireworks AI AI inference cloud platform $327M 3 October 2025 $250M Series C Lightspeed Venture Partners, Index Ventures, Evantic Active Full
38 Writer Enterprise generative AI platform $326M 4 November 2024 $200M Series C Premji Invest, Radical Ventures, ICONIQ Growth Active Full
39 Moveworks Enterprise employee support AI $305M 4 June 2021 $200M Series C Tiger Global, Alkeon Capital, Lightspeed Acquired Partial
40 Cresta Contact-center AI for agents $276M 4 November 2024 $125M Series D WiL, QIA, Accenture Active Strong
41 Legora Collaborative AI for lawyers $266M 4 October 2025 $150M Series C Bessemer Venture Partners, ICONIQ, General Catalyst Active Strong
42 Codeium AI coding assistant/IDE $243M 3 August 2024 $150M Series C General Catalyst, Kleiner Perkins, Greenoaks Acquired Strong
43 Kore.ai Enterprise conversational AI $226M 3 January 2024 $150M Strategic growth round FTV Capital, NVIDIA, Vistara Growth Active Partial
44 Observe.AI AI agents for contact centers $214M 6 April 2022 $125M Series C SoftBank Vision Fund 2, Zoom, Menlo Ventures Active Partial
45 PolyAI Enterprise voice AI agents $204M 6 December 2025 $86M Series D Georgian, Hedosophia, Khosla Ventures Active Full
46 Ada Automated customer experience $196M 4 May 2021 $130M Series C Spark Capital, Tiger Global, Accel Active Strong
47 You.com AI search infrastructure $195M 4 September 2025 $100M Series C Cox Enterprises, Georgian, Salesforce Ventures Active Strong
48 Character.AI Consumer AI character chat $193M 2 March 2023 $150M Series A Andreessen Horowitz, Nat Friedman, SV Angel Active Strong
49 Stability AI Open-source image generation $181M 2 June 2024 $80M New equity round Greycroft, Coatue, Lightspeed Active Strong
50 Reka AI Multimodal AI models $170M 2 July 2025 $110M Growth round NVIDIA, Snowflake Active Strong
51 Suki Ambient AI clinical assistant $168M 5 January 2025 $8M Strategic venture Zoom Ventures Active Partial
52 Typeface Branded enterprise content generation $165M 2 June 2023 $100M Series B Salesforce Ventures, Lightspeed, Madrona Active Full
53 Luminance Legal-grade contract AI $165M 5 February 2025 $75M Series C Point72, Forestay Capital, Schroders Capital Active Partial
54 Cognigy Enterprise AI agent platform $165M 4 June 2024 $100M Series C Eurazeo Growth, Insight Partners, DTCP Acquired Strong
55 Hebbia AI document analysis platform $161M 3 July 2024 $130M Series B Andreessen Horowitz, Index Ventures, GV Active Full
56 LangChain Agent engineering platform $160M 3 October 2025 $125M Series B IVP, Sequoia Capital, Benchmark Active Strong
57 Aleph Alpha Sovereign enterprise AI $153M 3 November 2023 $120M Series B Ipai, Bosch Ventures, Schwarz Group Active Partial
58 Aisera AI service experience automation $150M 3 August 2022 $90M Series D Goldman Sachs, Thoma Bravo, Zoom Ventures Acquired Full
59 Sana Enterprise knowledge and learning AI $136M 6 October 2024 $55M Series C NEA, Menlo Ventures Acquired Partial
60 Pika AI video generation platform $135M 4 June 2024 $80M Series B Spark Capital, Lightspeed, Greycroft Active Partial
61 Arize AI AI observability and evaluation $131M 4 February 2025 $70M Series C Adams Street Partners, M12, OMERS Ventures Active Full
62 Jasper AI marketing content platform $131M 2 October 2022 $125M Series A Insight Partners, Coatue, Bessemer Active Partial
63 Nabla AI assistant for clinicians $120M 3 June 2025 $70M Series C HV Capital, Highland Europe, DST Global Active Strong
64 Forethought AI customer support automation $117M 5 May 2025 $25M Series D Blue Cloud Ventures, Industry Ventures, NEA Active Full
65 Inworld AI Real-time AI characters $117M 3+ August 2023 $50M Follow-on Lightspeed, Samsung Next, M12 Active Partial
66 CodaMetrix AI medical coding automation $107M 3 April 2025 $12M Series B-1 Transformation Capital, SignalFire, Frist Cressey Active Strong
67 Eudia AI for in-house legal $105M 1 February 2025 $105M Series A General Catalyst, Floodgate, Sierra Ventures Active Strong
68 Yellow.ai Customer and employee service AI $102M 3 August 2021 $78M Series C WestBridge Capital, Sapphire Ventures, Salesforce Ventures Active Strong
69 Captions AI video creation platform $100M 4 July 2024 $60M Series C Index Ventures, Adobe Ventures, HubSpot Ventures Active Partial
70 Descript AI audio video editor $100M 4 November 2022 $50M Series C OpenAI Startup Fund, Andreessen Horowitz, Redpoint Active Full
71 Ideogram Text-to-image with typography $97M 2 February 2024 $80M Series A Andreessen Horowitz, Index Ventures, Redpoint Active Full
72 Heidi Health AI clinician copilot $97M 4 October 2025 $65M Series B Point72, Blackbird Ventures, Headline Active Strong
73 Corti AI healthcare voice assistant $92M 3 September 2023 $60M Series B Prosus Ventures, Atomico, Eurazeo Active Strong
74 Gamma AI presentations and documents $87M 3 November 2025 $68M Series B Andreessen Horowitz, Accel, Uncork Capital Active Full
75 Krea GenAI creative workspace $83M 3 April 2025 $47M Series B Bain Capital Ventures, Andreessen Horowitz, Abstract Ventures Active Strong
76 Spellbook AI copilot for contracts $82M 4 October 2025 $50M Series B Khosla Ventures, Threshold Ventures, Inovia Capital Active Strong
77 Regard AI clinical insights platform $81M 4 July 2024 $61M Series B Oak HC/FT, Cedars-Sinai Health Ventures, TenOneTen Active Partial
78 Maven AGI Enterprise AI customer agents $78M 3 June 2025 $50M Series B Dell Technologies Capital, Cisco Investments, SE Ventures Active Strong
79 Tome AI storytelling for sales $75M 3 February 2023 $43M Series B Lightspeed, Coatue, Greylock Active Strong
80 Galileo AI evaluation and observability $68M 3 October 2024 $45M Series B Scale Venture Partners, Databricks Ventures, Premji Invest Active Strong
81 Hume AI Empathic voice AI platform $68M 3 March 2024 $50M Series B EQT Ventures, Union Square Ventures, Nat Friedman Active Partial
82 HeyGen AI avatar video creation $66M 2 June 2024 $60M Series A Benchmark, Thrive Capital, BOND Active Strong
83 Robin AI AI copilot for legal teams $65M 4 November 2024 $25M Series B follow-on PayPal Ventures, Cambridge University Active Partial
84 Tavus Personalized AI video agents $64M 3 November 2025 $40M Series B CRV, Scale Venture Partners, Sequoia Capital Active Strong
85 Bria Licensed enterprise visual AI $64M 2 March 2025 $40M Series B Red Dot Capital, Maor Investment, Entrée Capital Active Strong
86 Photoroom AI photo editing for commerce $64M 3 February 2024 $43M Series B Balderton Capital, Aglaé Ventures, Y Combinator Active Partial
87 Tabnine AI coding assistant $55M 5 November 2023 $25M Series B Telstra Ventures, Atlassian Ventures, Khosla Ventures Active Strong
88 Hedra Character-driven AI video $42M 2 May 2025 $32M Series A Andreessen Horowitz, Index Ventures, Abstract Ventures Active Full
89 DeepScribe Ambient AI medical scribe $39M 3 January 2022 $30M Series A Index Ventures, Bee Partners, Stage 2 Capital Active Strong
90 Lakera GenAI security platform $30M 2 July 2024 $20M Series A Atomico, Citi Ventures, Dropbox Ventures Active Full
91 Anyword Performance marketing copy AI $30M 2 November 2021 $21M Series B Innovation Endeavors, Lead Capital, Gandyr Ventures Active Strong
92 Colossyan AI training video platform $28M 3 February 2024 $22M Series A extension Lakestar, LAUNCHub Ventures, Day One Capital Active Strong
93 LlamaIndex Knowledge agents over data $28M 2 March 2025 $19M Series A Norwest Venture Partners, Greylock Active Full
94 Dust Enterprise internal AI assistants $22M 2 June 2024 $16M Series A Sequoia Capital, XYZ VC, Connect Ventures Active Full
95 Copy.ai GTM AI content workflows $14M 2 October 2021 $11M Series A Wing Venture Capital, Craft Ventures, Tiger Global Acquired Full
96 Haptik Conversational AI chatbots $12M 2 April 2016 $11M Series B Times Internet, Kalaari Capital Acquired Full
97 Udio AI music generation platform $10M 1 April 2024 $10M Seed Andreessen Horowitz, Mike Krieger, Oriol Vinyals Active Full
98 Scenario AI content for games $6M 1 January 2023 $6M Seed Play Ventures, Anorak Ventures, Founders Inc. Active Full
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Key funding trends in the generative AI market

Insights

  • OpenAI, Anthropic, and xAI together account for roughly $280B in generative AI funding, representing over 97% of all capital raised across the entire 98-startup dataset.
  • NVIDIA appears as a strategic investor in at least 18 generative AI startups, spanning foundation models, inference platforms, and vertical applications, making NVIDIA the most prolific corporate backer in the space.
  • Andreessen Horowitz backs at least 20 generative AI companies on this list (from frontier labs to music generation), giving the firm the broadest portfolio coverage of any single venture investor in the market.
  • Healthcare-focused generative AI startups (including Abridge, Hippocratic AI, Ambience Healthcare, Suki, Nabla, and others) collectively raised over $1.9B, forming the largest vertical application cluster outside core infrastructure.
  • AI coding and software engineering startups (Anysphere, Cognition, Poolside, Magic, Codeium, Tabnine) have raised a combined $5.5B+, suggesting investors view developer tools as the highest-value generative AI application layer.
  • Legal AI is becoming a distinct investable vertical in the generative AI market, with Harvey, Legora, EvenUp, Luminance, Spellbook, Robin AI, and Eudia collectively raising approximately $1.9B across 30+ rounds.
  • Only 7 of the 98 generative AI startups on this list have been acquired (roughly 7%), and none have shut down, pointing to exceptionally high survival rates through early 2026.
  • Approximately 60% of last rounds on this list occurred in the second half of 2025 or early 2026, reflecting a sharp acceleration of generative AI capital deployment during that period.
  • Reflection AI reached $2.1B in total generative AI funding with only 3 rounds and a Series B, the fastest capital accumulation relative to round count of any company outside the top three.
  • Customer service and contact center AI startups (Sierra, Decagon, Parloa, Cresta, Uniphore, Observe.AI, Ada, PolyAI, Yellow.ai) collectively raised over $3.6B, making customer support the most crowded competitive arena by company count.
  • Among generative AI startups that raised over $500M, the median time from seed to crossing that threshold is approximately 2.5 years, highlighting how compressed fundraising timelines have become compared to prior technology waves.
  • European-headquartered generative AI startups (Mistral AI, DeepL, Aleph Alpha, Cognigy, Luminance, Robin AI, Dust, Colossyan) collectively raised roughly $4.0B, with Mistral AI alone accounting for 75% of that total.
  • General Catalyst appears as a key investor in at least 8 generative AI companies spanning healthcare, legal, customer service, and infrastructure, positioning General Catalyst as one of the most diversified portfolio builders in the market.
  • Sequoia Capital and its affiliates back at least 10 generative AI companies on this list, but Sequoia skews heavily toward infrastructure and developer tools rather than vertical applications.
  • The median total funding for generative AI startups ranked 51 to 98 is approximately $83M, compared to $460M for those ranked 11 to 50, showing a roughly 5.5x step-down in capital concentration beyond the top tier.
  • AI video generation attracted heavy investment across at least 8 generative AI startups (Runway, Luma AI, Synthesia, Pika, HeyGen, Tavus, Hedra, Colossyan) totaling over $2.7B, a signal that investors see video as the next major content modality.
  • Five generative AI companies (Eudia, Suno, Character.AI, HeyGen, Ideogram) raised $60M or more in a single round that represented their first or second equity financing, reflecting increasing investor willingness to write large early-stage checks in this market.
  • Only 23 of 98 generative AI startups received a "Full Confidence" data rating, underscoring how opaque even well-known generative AI companies remain regarding precise capital structure and round histories.
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In our generative AI market deck, we have collected signals proving this market is hot right now

A few word about our methodology

As you can see, we built a database that ranks startups in the generative AI market based on their total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.

Whenever possible, we prioritized official company communications, since they are the most reliable source for funding amounts. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times or Forbes (to name a few).

We excluded random blogs, unverified websites, and any sources that could not be validated.

When funding rounds were announced in other currencies such as euros, Swiss francs, Singapore dollars, Australian dollars, or rupees, we converted them into approximate USD equivalents for consistency.

Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.

Here is what they mean.

Full confidence: The generative AI startup's equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.

Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.

Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.

Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company's equity fundraising history.

When the confidence level is too low, we take a conservative approach and exclude the company from the ranking. We don't want to include data that cannot be reliably verified.

This reflects how we conduct all our research, including the work behind our report covering the generative AI market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific calculation, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

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