AI Market Watch Editorial

Data Reports

Analyses that slice our accumulated data on the AI startup ecosystem — category, geography, capital, and our VC-scoring layer — to surface patterns no single dashboard exposes.

JUL 2026
Funding
Stage analysis
Q2 2026

AI Funding’s Missing Middle

Seed deals hit a three-year high and $100M+ mega-rounds took 95% of disclosed dollars, while Series D+ rounds fell from 40 to 10. Q2 2026 in 480 rounds: the growth-stage gap opening in the middle of the AI market.

40 → 10
Series D+ rounds, Q2 2025 vs Q2 2026: 95%
of disclosed dollars in $100M+ rounds: −20%
Series C median round size, YoY

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- MAY 2026
- VC Scoring
- Category analysis
- Geography
The Conviction Map
Where category-defining AI companies actually cluster. The most crowded category isn't the one producing the most breakouts — and our scoring layer puts numbers on the gap.
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AI Funding’s Missing Middle

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The Conviction Map