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US AI & ML VC deal activity

Mayfield FundFebruary 2026
US AI & ML VC deal activity
Chart by Mayfield Fund. Source: mayfield.com

The chart depicts US AI & ML venture capital deal activity from 2015 to 2025, showing deal value in billions of dollars alongside deal count. Total deal value reached an estimated peak of $222.1B in 2025 across 5,793 deals.

LabelValue shown on the chart
2015 Deal Value ($B)8.9
2016 Deal Value ($B)11.5
2017 Deal Value ($B)14.9
2018 Deal Value ($B)26.6
2019 Deal Value ($B)36.0
2020 Deal Value ($B)45.7
2021 Deal Value ($B)109.4
2022 Deal Value ($B)73.0
2023 Deal Value ($B)66.2
2024 Deal Value ($B)108.6
2025 Deal Value ($B)222.1

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