North American startup funding falls to $92B in Q3 as AI giants eye IPOs
Crunchbase News · 2026-10-07
US and Canadian startups raised $92B in Q3, down 35% from Q2 but up 50% year on year, largely because OpenAI and Anthropic had no new mega-raises. AI took $61B. Nvidia's $12.93B Hugging Face deal led M&A, while 17 venture-backed IPOs raised under $4B.
Vocabulary
Read source ↗- megaroundsvery large funding rounds, typically $100M or more
- sequentiallycompared with the immediately preceding period
- bearishpessimistic about the market