Global venture investors deployed 217B combined (43%). Anthropic’s $65B Q2 made it most valuable private company on Crunchbase Unicorn Board after SpaceX IPO exit.
Beyond top labs: funding spread to AI infrastructure, defense, robotics, healthcare. US ~two-thirds of Q2 capital. Exit revival: SpaceX 60B acquisition intent. Funding grew across all stages; seed remained strong at ~$12B Q2.
Concentration caveat: two companies absorbing nearly half of global VC is unprecedented vs 2021’s diversified boom.