{
  "unit": "companies",
  "snapshot": "2026-09-23",
  "query": "queries/measures.json",
  "note": "How many AI companies in each cohort have a latest funding round with a date and with an amount. last_funding is the latest round only.",
  "quarters": [
    {
      "quarter": "2023Q1",
      "all_years_count": 369,
      "class_count": 45
    },
    {
      "quarter": "2023Q2",
      "all_years_count": 356,
      "class_count": 55
    },
    {
      "quarter": "2023Q3",
      "all_years_count": 367,
      "class_count": 85
    },
    {
      "quarter": "2023Q4",
      "all_years_count": 360,
      "class_count": 97
    },
    {
      "quarter": "2024Q1",
      "all_years_count": 519,
      "class_count": 175
    },
    {
      "quarter": "2024Q2",
      "all_years_count": 454,
      "class_count": 168
    },
    {
      "quarter": "2024Q3",
      "all_years_count": 508,
      "class_count": 180
    },
    {
      "quarter": "2024Q4",
      "all_years_count": 540,
      "class_count": 209
    },
    {
      "quarter": "2025Q1",
      "all_years_count": 452,
      "class_count": 183
    },
    {
      "quarter": "2025Q2",
      "all_years_count": 518,
      "class_count": 220
    },
    {
      "quarter": "2025Q3",
      "all_years_count": 555,
      "class_count": 228
    },
    {
      "quarter": "2025Q4",
      "all_years_count": 512,
      "class_count": 192
    },
    {
      "quarter": "2026Q1",
      "all_years_count": 276,
      "class_count": 114
    },
    {
      "quarter": "2026Q2",
      "all_years_count": 3,
      "class_count": 0
    },
    {
      "quarter": "2026Q3",
      "all_years_count": 0,
      "class_count": 0
    }
  ],
  "quarters_note": "AI companies whose latest round is dated in the quarter: all founding years, and the class. Rounds stop after 2026Q1 (3 in 2026Q2, none in 2026Q3) because the company records were last refreshed in April and May 2026 (lag.json); a chart should end at 2026Q1, and 2026Q1 itself may be incomplete.",
  "amounts": [
    {
      "cohort": "before",
      "group": "under-1m",
      "count": 258,
      "share": 0.3241
    },
    {
      "cohort": "before",
      "group": "1m-5m",
      "count": 221,
      "share": 0.2776
    },
    {
      "cohort": "before",
      "group": "5m-20m",
      "count": 204,
      "share": 0.2563
    },
    {
      "cohort": "before",
      "group": "20m-50m",
      "count": 67,
      "share": 0.0842
    },
    {
      "cohort": "before",
      "group": "50m-100m",
      "count": 22,
      "share": 0.0276
    },
    {
      "cohort": "before",
      "group": "100m-1b",
      "count": 23,
      "share": 0.0289
    },
    {
      "cohort": "before",
      "group": "1b-plus",
      "count": 1,
      "share": 0.0013
    },
    {
      "cohort": "before",
      "group": "total",
      "count": 796
    },
    {
      "cohort": "class",
      "group": "under-1m",
      "count": 361,
      "share": 0.4308
    },
    {
      "cohort": "class",
      "group": "1m-5m",
      "count": 228,
      "share": 0.2721
    },
    {
      "cohort": "class",
      "group": "5m-20m",
      "count": 166,
      "share": 0.1981
    },
    {
      "cohort": "class",
      "group": "20m-50m",
      "count": 44,
      "share": 0.0525
    },
    {
      "cohort": "class",
      "group": "50m-100m",
      "count": 17,
      "share": 0.0203
    },
    {
      "cohort": "class",
      "group": "100m-1b",
      "count": 18,
      "share": 0.0215
    },
    {
      "cohort": "class",
      "group": "1b-plus",
      "count": 4,
      "share": 0.0048
    },
    {
      "cohort": "class",
      "group": "total",
      "count": 838
    }
  ],
  "amounts_note": "United States headquarters only, because amounts elsewhere are often in local currency. Shares are of the companies with an amount.",
  "rows": [
    {
      "cohort": "before",
      "us_count": 3151,
      "us_amount_count": 796,
      "us_amount_share": 0.2526,
      "count": 10553,
      "dated_count": 2649,
      "dated_share": 0.251,
      "amount_count": 1727,
      "amount_share": 0.1637
    },
    {
      "cohort": "class",
      "us_count": 5671,
      "us_amount_count": 838,
      "us_amount_share": 0.1478,
      "count": 17871,
      "dated_count": 2023,
      "dated_share": 0.1132,
      "amount_count": 1496,
      "amount_share": 0.0837
    },
    {
      "cohort": "partial",
      "us_count": 196,
      "us_amount_count": 1,
      "us_amount_share": 0.0051,
      "count": 867,
      "dated_count": 4,
      "dated_share": 0.0046,
      "amount_count": 2,
      "amount_share": 0.0023
    }
  ]
}