AI startups captured $61B of $92B North American startup funding in Q3

North American startups raised $92 billion in the third quarter, representing a sequential decline but a year-over-year gain. AI startups claimed roughly two-thirds of that total at $61 billion, underlining their dominance in venture funding.

The market saw 11 acquisitions and mergers valued at $1 billion or higher, though initial public offerings remained limited during the period. The data reflects the uneven path of venture capital this year: strong momentum when compared to the prior year, but softer results in the most recent quarter.