- Global venture funding reached approximately US$510 billion in first half of 2026.
- OpenAI and Anthropic together took about 43% of venture dollars deployed in that period.
- Anthropic’s fundraising (reported separately) dominated parts of the quarter, skewing regional and sector allocations.
- SEA raised roughly US$2.81 billion across 98 deals in the quarter—tiny compared with mega‑rounds.
- Report cites risk that sovereign and large LPs channel capital into a few winners, concentrating infrastructure and talent.
- The concentration could shape which companies can scale agentic or frontier capabilities.
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