AI funding just went quiet. AI raised $2.37B across 62 companies, about 17% of all venture dollars — roughly a third of last week. And SambaNova's $1B is nearly half of that, so outside one AI-chip round the market was still. The twist: the single biggest check of the week — $1.2B — went to Quantum Systems, a German defense-drone company, not AI at all, so it isn't in these numbers. The week belonged to the US: 65% of AI dollars stayed home.
$2.37B
AI funding this week
$1B
biggest AI round (SambaNova)
$392.7B
cumulative · 32 weeks
Verified live · grok + web
Top AI round confirmed: SambaNova ($1B, $11B valuation, AI chips). Left OUT of the AI bucket after verification: Quantum Systems ($1.2B, defense drones — the biggest overall check of the week), Oratomic ($300M, quantum computing), Even Realities ($150M, AR smart glasses), and Narayan Powertech ($64M, electrical transformers). Two Crunchbase entries — VAST and Robot Era — could not be confirmed as July rounds (Robot Era's real raise was March) and were not counted.
Analysis 1 · Overview
Of 183 funded companies this week, 62 (34%) were AI, taking $2.37B of the $13.8B total raised (17%). Against last week's $6.67B, AI funding fell ~64%. Strip both weeks' mega-rounds and it still slid — $3.87B down to $1.37B. A genuinely quiet AI week, with one AI-chip round doing most of the lifting.
Analysis 2 · Regional (AI dollars only)
- United States — $1.55B (65%) · 25 cos. Ran the table this week — two of every three AI dollars, led by SambaNova's $1B.
- China — $370M (16%) · 9 cos. A quieter week after leading the dollars last week.
- Asia-Pacific (ex-China) — $210M (9%) · 11 cos. Lots of small rounds.
- Europe — $160M (7%) · 12 cos. Small checks. (Quantum Systems' $1.2B is NOT counted — defense, not AI.)
- Rest of World — $40M (2%) · 2 cos. · Middle East & Africa: $20M · Latin America: $20M.
Analysis 3 · Top 5 AI rounds
1. SambaNova — $1B
Series F · Palo Alto · $11B valuation · AI chips
Builds AI chips and systems that run big models fast and on-premise — a direct challenger to Nvidia. JPMorgan just signed on. The week's anchor and 42% of all AI dollars.
⚑ Most show-friendly — the AI-chip challenger to Nvidia, carrying a quiet week.2. Mochi Intelligence — $147M
Seed · United States · embodied AI
Embodied-AI and humanoid robotics. Remarkable because it's a seed round at $147M — a sign of how hot physical AI is right now.
3. Prime Intellect — $130M
Series A · United States · $1B valuation · AI agents
An open, decentralized platform for training AI agents, so companies can build their own instead of renting one. Right on the show's "build your own agent" theme.
4. dConstruct Robotics — $125M
Series A · United States · robotics
AI-powered autonomous robots. More physical-AI money landing in the same week.
5. Norm AI — $120M
Series C · United States · compliance AI
AI agents that embed legal and compliance reasoning, so companies can automate regulatory checks. The "AI that reads the rules for you" play.
Also notable: TJM Labs $75M (AI innovation studio), LeXiang Intelligence $73.6M (robotics).
Analysis 4 · Trends
- A cooling week. AI funding was about a third of last week's — one soft week after one inflated one.
- Physical AI everywhere. Mochi's $147M seed, dConstruct, LeXiang. Robots keep raising.
- US dominance. 65% of AI dollars stayed home, led by one big chip round.
- The biggest check wasn't AI. Quantum Systems ($1.2B, defense drones) topped the whole week. Always check what's actually under the "AI" label.
- Build-your-own-agent is fundable. Prime Intellect and Norm AI both raised to help companies run their own agents.