SVTR AI VENTURE DATABASE
US & China AI funding recap, September 2026
In September 2026, the SVTR AI Venture Database recorded these confirmed AI startup funding rounds: US: 216 rounds, $30B disclosed in total; China: 118 rounds, $3.4B disclosed in total. The largest US round was Crusoe's $3.9B (Series D+). The largest China round was 燧原科技's $908M (IPO).
US: 5 largest rounds
- CrusoeSeries D+2026-09-17$3.9B
- 无聊公司Series D+2026-09-10$3.0B
- CognitionSeries D+2026-09-08$2.0B
- FluidstackUndisclosed2026-09-03$1.5B
- MotiveDebt / Convertible2026-09-10$1.3B
US: most active investors this month
- 1Andreessen Horowitz15 deals
- 2Y Combinator14 deals
- 3Lightspeed11 deals
- 4Sequoia Capital11 deals
- 5Insight Partners11 deals
China: 5 largest rounds
- 燧原科技IPO2026-09-11$908M
- 纳真科技IPO2026-09-22$723M
- 地瓜机器人Series C2026-09-17$400M
- 新生实验室Undisclosed2026-09-16$290M
- 微纳核芯Series C2026-09-09$140M
China: most active investors this month
- 1Shenzhen Capital Group8 deals
- 2Matrix Partners China6 deals
- 3HongShan6 deals
- 4CICC Capital5 deals
- 5CAS Star5 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.