SVTR AI VENTURE DATABASE
US & China AI funding recap, November 2025
In November 2025, the SVTR AI Venture Database recorded these confirmed AI startup funding rounds: US: 174 rounds, $14B disclosed in total; China: 36 rounds, $1.1B disclosed in total. The largest US round was Project Prometheus's $6.2B (Undisclosed). The largest China round was 康诺思腾's $200M (Series D+).
US: 5 largest rounds
- Project PrometheusUndisclosed2025-11$6.2B
- Luma AISeries C2025-11$900M
- CHAOS IndustriesSeries D+2025-11$510M
- RampUndisclosed2025-11$300M
- D-MatrixSeries C2025-11$275M
US: most active investors this month
- 1Y Combinator21 deals
- 2Andreessen Horowitz9 deals
- 3Felicis Ventures8 deals
- 4Khosla Ventures7 deals
- 5General Catalyst6 deals
China: 5 largest rounds
- 康诺思腾Series D+2025-11$200M
- 云脉芯联Series A2025-11$70M
- 极壳科技Series B2025-11$70M
- 五八智能Strategic2025-11$69M
- 灵心巧手Series A2025-11$69M
China: most active investors this month
- 1Inno Angel Fund5 deals
- 2HongShan5 deals
- 3IDG Capital5 deals
- 4Jinqiu Fund4 deals
- 5Baidu Ventures3 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.