AI continued to power a large wave of VC investments globally in Q2’25. The US attracted the largest deals in the space, including a $14.3 billion raise by Scale AI, a $2.5 billion raise by AI-powered defencetech Anduril Industries, $2 billion raise by AI development company Safe Superintelligence, a $2 billion seed round by Thinking Machines Lab, and a $900 million raise by Anysphere — the startup behind the Cursor coding assistant.1
In Europe, AI-focused defencetech companies raised significant rounds, including Germany-based Helsing ($683 million), Portugal-based Tekever ($500 million) and Germany-based Quantum Systems ($177 million). In Asia, China’s autonomous vehicles space continued to attract sizeable investments, including a $300 million raise by autonomous logistics vehicles firm Zelos Tech ($300 million) and a $178 million raise by mobility platform and smart mobility and robotaxi firm Saic Mobility.
During the quarter, VC investors across regions showed increasing interest in companies developing solutions for specific verticals — such as defence, health and biotech, legal services, and accounting services — particularly companies with robust plans and a roadmap that considers both current and future applications.
