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“AI” is not one market. The category you put yourself in changes how much you can raise. Move one category to the left or right, and the median round size changes by about 5x. The number of investors willing to write a first cheque changes by even more.
I read 61,691 pieces of content that VC firms published between January 2024 and July 2026. That means newsletters, RSS feeds, and firm research blogs. From that, I pulled 239 funding rounds across five related AI verticals. Here is what the money did.
Two numbers do most of the work here. AI video has the highest median round of the five, at $42.7M. Only two of its ten priced rounds came in at or under $10M. Agentic payments has the lowest median, at $8.3M. Six of its seven priced rounds were $10M or under.
It is the same technology wave. The funding behaviour is completely different.
One note on the table. Some rounds did not disclose a size. The "≤ $10M" counts use only the rounds that did.
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The vertical splits into two groups. A few very large rounds, and a thin set of small ones. The large ones are Synthesia's $200M Series E at a $4B valuation, Higgsfield's $66M, Tavus's $40M Series B, and Hedra's $32M Series A led by a16z's Infrastructure Fund.
Here is why.
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