--- title: AI startups are eating the venture industry and the... description: Carta data reveals AI startups captured 41% of the $128 billion in venture dollars raised in 2025, a record high. Capital is increasingly concentrated among a... canonical: https://daily.dev/posts/ai-startups-are-eating-the-venture-industry-and-the-returns-so-far-are-good-43r38powc twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: AI startups are eating the venture industry and the returns, so far, are good | daily.dev og:description: Carta data reveals AI startups captured 41% of the $128 billion in venture dollars raised in 2025, a record high. Capital is increasingly concentrated among a... og:url: https://daily.dev/posts/ai-startups-are-eating-the-venture-industry-and-the-returns-so-far-are-good-43r38powc og:image: https://api.daily.dev/og/posts/43R38poWc.png og:image:alt: AI startups are eating the venture industry and the returns, so far, are good og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # AI startups are eating the venture industry and the returns, so far, are good **[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments ## Summary Carta data reveals AI startups captured 41% of the $128 billion in venture dollars raised in 2025, a record high. Capital is increasingly concentrated among a few mega-companies — OpenAI raised $110B, xAI raised $20B, and Anthropic raised $30B at a $380B valuation. The venture market has become K-shaped, with fewer but larger bets. Funds from 2023–2024 vintages show the highest IRR so far, though experts caution this may partly reflect paper gains from up-rounds rather than realized exits. Whether these returns materialize through IPOs or acquisitions remains to be seen. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Megadeals took 87.5% of US venture dollars, and the rest of the market is priced by vintage](https://daily.dev/posts/megadeals-took-87-5-of-us-venture-dollars-and-the-rest-of-the-market-is-priced-by-vintage-fbenffm2m) · The Next Web · 1 upvotes · 0 comments - [Just three companies dominated the $189 billion in VC investments last month](https://daily.dev/posts/just-three-companies-dominated-the-189-billion-in-vc-investments-last-month-bnfcs6msd) · TechCrunch · 0 upvotes · 0 comments - [AI crushes startup valuations for pre-ChatGPT companies](https://daily.dev/posts/ai-crushes-startup-valuations-for-pre-chatgpt-companies-bmqmhrnqu) · The Next Web · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#openai](https://daily.dev/tags/openai), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/ai-startups-are-eating-the-venture-industry-and-the-returns-so-far-are-good-43r38powc) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"AI startups are eating the venture industry and the returns, so far, are good","url":"https://daily.dev/posts/ai-startups-are-eating-the-venture-industry-and-the-returns-so-far-are-good-43r38powc","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/ai-startups-are-eating-the-venture-industry-and-the-returns-so-far-are-good-43r38powc"},"datePublished":"2026-03-20T15:42:52.820Z","dateModified":"2026-03-20T15:43:23.633Z","description":"Carta data reveals AI startups captured 41% of the $128 billion in venture dollars raised in 2025, a record high. 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