SVTR AI VENTURE DATABASE
US & China AI funding recap, October 2025
In October 2025, the SVTR AI Venture Database recorded these confirmed AI startup funding rounds: US: 162 rounds, $11B disclosed in total; China: 15 rounds, $759M disclosed in total. The largest US round was Anysphere's $2.3B (Series C). The largest China round was 滴滴自动驾驶's $282M (Series D+).
US: 5 largest rounds
- AnysphereSeries C2025-10$2.3B
- CrusoeSeries D+2025-10-24$1.4B
- Base PowerSeries C2025-10-08$1.0B
- Stoke SpaceSeries D+2025-10$510M
- DeelSeries D+2025-10$300M
US: most active investors this month
- 1Andreessen Horowitz15 deals
- 2Y Combinator15 deals
- 3Khosla Ventures10 deals
- 4Lightspeed9 deals
- 5General Catalyst9 deals
China: 5 largest rounds
- 滴滴自动驾驶Series D+2025-10$282M
- 乐聚机器人Pre-IPO2025-10$210M
- 九识智能Series B2025-10$100M
- 玻色量子Series A2025-10$69M
- 松延动力Series B2025-10$42M
China: most active investors this month
- 1Ant Group3 deals
- 2东方嘉富2 deals
- 3上海至辉投资1 deals
- 4东方富海1 deals
- 5东方精工1 deals
Scope
Only confirmed rounds in the SVTR AI Venture Database count (rumored rounds excluded), grouped by announcement month.
US and China are defined by the portfolio company's headquarters country; China includes Hong Kong, Macau and Taiwan.
Amounts are disclosed amounts, converted to USD at public rates; rounds with undisclosed amounts count toward deal numbers but not totals.
For investors, each round joined counts as one deal, lead or follow-on alike.