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AI-Native VC Funding Concentration by Layer

AI-Native VC Funding Concentration by Layer
Chart by Sapphire Ventures. Source: sapphireventures.com

Global AI-native venture capital funding data in 2025 across four layers (Applications, Platform, Models, and Infra/Compute), showing total capital raised, YoY growth, and concentration among the top 5 companies per layer.

LabelValue shown on the chart
Applications - Total Capital Raised$36B
Applications - YoY Growth %175%
Applications - Top 5 as % of Total32%
Platform - Total Capital Raised$19B
Platform - YoY Growth %472%
Platform - Top 5 as % of Total82%
Models - Total Capital Raised$76B
Models - YoY Growth %112%
Models - Top 5 as % of Total86%
Infra/Compute - Total Capital Raised$5B
Infra/Compute - YoY Growth %73%
Infra/Compute - Top 5 as % of Total84%

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