Just three companies controlled $189 billion in VC investments last month

AI continues to rule the world, on a new Crunchbase report.

A total of $189 billion in international business transactions began in February, according to the report. All AI startups raised $171 billion, or 90% of the amount raised last month. It’s an amazing number that feels like a starting point.

The amount spent worldwide was more than tripled VC funding in Januaryand it was dominated by large investments from only three companies: OpenAI, Anthropic, and Waymo.

The latest version of OpenAI $110 billion raise the led pack. It was one of the largest rounds ever raised and valued the company at $730 billion. His enemy Anthropic they also acquired a $30 billion Series G at a cost of $380 billion. Finally, Weymo woke up $16 billion at a cost of $126 billion. These three companies alone were responsible for 83% of the money raised last month.

Funds raised by OpenAI, Anthropic, and Waymo last month accounted for one-third of the $425 billion in funding for 2025, according to Crunchbase.