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

_Published Tuesday, November 3, 2026 at 8:06 AM EST · Capital, AI · Latest · Tier 2 — Notable_

![October venture funding reaches $59 billion, with 66% going to AI — Primary](https://news.crunchbase.com/wp-content/uploads/sep-oct.jpg)

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.

## Sources

- [Crunchbase News](https://news.crunchbase.com/venture/october-2026-global-startup-funding-strong-china-deepseek/)

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Canonical: https://techandbusiness.org/newswire/5nvKamql8VVE0Nc33eyd7J
Published: 2026-11-03T13:06:12.898Z
Story chronology: 2026-11-03T12:00:44.000Z
Retrieved: 2026-11-03T16:04:30.601Z
Publisher: Tech & Business (techandbusiness.org)