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{{#if first_name}}Hi, {{capitalizeFirst (lower first_name)}}.{{else}}Hi.{{/if}} Not long ago, a $100 million startup financing was considered extraordinary. Today, it’s become routine. The median U.S. late-stage round in 2026 is now exactly $100 million, according to Crunchbase data, as investors continue pouring unprecedented amounts of capital into a relatively small group of companies. We look at how the once-mighty “supergiant round” became the new normal, and what that says about the changing economics of startup funding. Plus, another wave of tech layoffs hits companies including Salesforce, Google and Uber, while semiconductor startups continue attracting enormous investor interest.
Startup financings of $100 million or more were once rare enough to merit their own category. Now they’re commonplace. So far this year, U.S. startups have raised 250 rounds of $100 million or more, Crunchbase data shows, including 18 financings topping $1 billion. The trend reflects both rapidly rising valuations and an unprecedented concentration of capital among the venture market’s biggest winners.
Related Crunchbase list: US Rounds Of $100M+ In 2026
At least another 4,000 tech workers were added to Crunchbase News’ layoff tracker in the past few weeks. New cuts include reported reductions at Salesforce, Google, Uber, Credit Karma and others.
Investors have poured roughly $10 billion into semiconductor startups so far this year, Crunchbase data shows, keeping the sector on pace to exceed 2025 funding levels. Recent large rounds include half-billion-dollar rounds for semiconductor startups focused on optics technology, custom chip design and chips for AI superintelligence, while AI chip company Cerebras Systems completed one of the year’s most closely watched IPOs. The continued surge reflects investor conviction that AI demand will require enormous investments in next-generation computing infrastructure.
Related Crunchbase lists:
• Global Semiconductor Funding In 2026
• Largest 2026 Semiconductor-Related Funding Rounds
Twenty-nine companies joined The Crunchbase Unicorn Board in May, led by startups helping enterprises deploy AI and automate real-world workflows. New entrants included OpenAI’s deployment venture, Anthropic’s applied AI joint venture, AI search startup Exa and autonomous software company Blitzy. Robotics was another standout category, particularly in China, while new unicorns also emerged across healthcare, aerospace, quantum computing, manufacturing and financial services.
Related Crunchbase lists:
• The Crunchbase Unicorn Board
• New Unicorns In 2026
• Exited Unicorns
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