October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%. DeepSeek's $15.9 billion round was the month's largest. U.S. companies raised $28 billion and Chinese companies raised $20.6 billion. The figures reflect reported data as of Nov. 2; Crunchbase says reporting lags are most pronounced in early-stage funding.