1、State of AIGlobal|Q2 2025Global data and analysis on dealmaking,funding,and exits by private market AI companiesState of AI2 2Action is better.We track and compare the worlds companies.Our AI agents keep you a step ahead of competitors and disruption.Trusted by the worlds smartest companies:Every bi

2、g tech company.Every top professional services firm.26 of the top 30 banks.All ten Fortune 10 companies.Put our AI agents to work today.IIIIIIStart free trialState of AI3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it

3、our way and you could be featured in the CBI newsletter.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataTL;DR4Your rundown onAI in Q225177 M&A deals a record high.AI acquisition activity reached record levels in Q225 at 177 deals double the 5-year quarterly average of 89 deals.The

4、US was largely responsible for the jump,with acquisitions of US-based AI startups nearly doubling QoQ.Enterprise tech leaders like IBM were among the most active acquirers.See the data 50.1xMedian revenue multiple.Leading AI companies that raised funding in Q225 did so at sky-high valuations.For exa

5、mple,model developer xAI raised at a$75B valuation on a projected$500M in 2025 revenue for a 150 x multiple.AI startups are commanding a median 17.1x revenue multiple,compared to a median 50.1x for companies with reported data in the quarter.This reflects investor confidence in these startups growth

6、 potential.See the data 72%Early-stage deal share.While funding is concentrated among the largest players,the AI opportunity isnt limited to them.Nearly 3 in 4 AI deals(72%)in 2025 YTD have gone to early-stage startups.Early-stage genAI companies with the fastest-growing headcounts are concentrated