February was the biggest month in venture history, thanks only to OpenAI, Anthropic, and Waymo

February 2024 set a venture funding record with $189 billion raised, but this historic figure was driven almost entirely by three massive AI funding rounds from OpenAI, Anthropic, and Waymo, which accounted for 83% of total investment. The concentration of funding in just three companies highlights the extreme focus of venture capital on AI development.

• →February 2024 became the biggest month in venture capital history with $189 billion in startup funding.
• →Three AI companies - OpenAI, Anthropic, and Waymo - captured 83% of all venture funding for the month.
• →The record-breaking month demonstrates venture capital's massive concentration in AI investments.
• →The funding surge reflects unprecedented investor interest in artificial intelligence companies.
• →Most other sectors received minimal venture funding compared to the AI mega-rounds.