North America’s Startup Funding Falls In Q3 As AI Giants Eye The Public Markets

What happened

North America’s Startup Funding Falls In Q3 As AI Giants Eye The Public Markets, according to Crunchbase News. In total, investors poured $92 billion into seed- through growth-stage rounds for U.S. and Canadian startups in the third quarter, per Crunchbase data.

Funding to North American startups declined sequentially in the third quarter and came in well below the all-time peak. However, the dip is largely due to the absence of new megarounds for OpenAI and Anthropic and doesn’t appear to reflect any broad weakening in the venture investment climate.

Deal volume held fairly steady, with late-stage and early-stage round counts remaining close to prior quarter levels. Artificial intelligence remained the prevailing theme for startup investors.