SVTR AI VENTURE DATABASE
US & China AI funding recap, December 2025
In December 2025, the SVTR AI Venture Database recorded these confirmed AI startup funding rounds: US: 110 rounds, $7.3B disclosed in total; China: 38 rounds, $1.2B disclosed in total. The largest US round was Kalshi's $1.0B (Series D+). The largest China round was 银河通用机器人's $300M (Undisclosed).
US: 5 largest rounds
- KalshiSeries D+2025-12$1.0B
- SaviyntSeries B2025-12$700M
- CastelionSeries B2025-12$350M
- RadiantUndisclosed2025-12$300M
- EonSeries D+2025-12$300M
US: most active investors this month
- 1Andreessen Horowitz13 deals
- 2Y Combinator11 deals
- 3General Catalyst8 deals
- 4Sequoia Capital8 deals
- 5Lightspeed6 deals
China: 5 largest rounds
- 银河通用机器人Undisclosed2025-12$300M
- PremialabUndisclosed2025-12$220M
- 深势科技Series C2025-12$114M
- 元思生肽Series A2025-12$100M
- 昉擎科技Series A2025-12$71M
China: most active investors this month
- 1ZhenFund3 deals
- 2CAS Star2 deals
- 3新鼎资本2 deals
- 4Lenovo Capital2 deals
- 5浦东创投旗下浦东人工智能种子基金2 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.