Four Companies Took 65% of All Global VC in Q1 2026. That Is the Story.
4 min readQ1 2026 venture capital set a new global record — $300 billion across roughly 6,000 startups, a 150% increase year-over-year. But the aggregate figure obscures what actually happened: OpenAI, Anthropic, xAI, and Waymo collectively raised $188 billion, capturing 65% of all global venture investment in a single quarter. (Note: the composition of OpenAI’s $122B raise …