The Latest Breaking News from PitchBook

Amid rising infrastructure demands, AI startups like Crusoe Energy Systems are tapping large-scale credit lines, PitchBook reported. Crusoe last month raised a $750 million credit facility from Brookfield Asset Management (NYSE:BAM) to expand its data centers and acquire more graphics processing units from Nvidia Corp. (NASDAQ:NVDA).

According to PitchBook, AUM in VC doubled between 2019 and 2024, and are projected to grow about 38% over the next five years.

Amid clogged IPO pipelines and a liquidity crunch, some venture capitalists are shifting focus to acquisitions and regional markets to find exit opportunities.

For Q1 2025, AI has accounted for 71% of total VC deal value, according to new PitchBook data.

Tariff uncertainty is putting even more pressure on the VC market, leaving investors hesitant as tech companies postpone IPOs.

OpenAI CTO Mira Murati has reportedly doubled the amount of funding she’s seeking to raise for her startup Thinking Machines Lab.

Former OpenAI Chief Tech Officer Mira Murati’s AI startup, Thinking Machines, is looking to raise a massive $2 billion seed round, according to Business Insider. If true, it’s a jarring number that could reframe the debate about the AI boom.

The venture market has been reorienting itself the last three years. It may just be getting started.

Right now, in the tech industry paddock, there are 372 AI unicorns, according to PitchBook.