Research
US Metro AI Funding 2025 Annual
Concentration is accelerating: 76% (2023) → 80% (2024) → 83.3% (2025) — remote-first made it worse
San Francisco alone captures $98B — more than all of Europe, China, and Israel combined
Austin, Miami, and Pittsburgh are the only secondary markets gaining share year-over-year
134+ investors read this report
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What's Inside
- 1The Concentration Problem
- 2Top 5 Metro Breakdown
- 3Year-over-Year Trends
- 4Why Remote Didn't Help
- 5Secondary Market Opportunities
- 6Implications for Founders
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