US venture deal value hits record $515.8B as exits lag

US venture capital deal value reached $515.8 billion in the first nine months of 2026, about 44% above the previous annual record, according to the PitchBook-NVCA Venture Monitor. OpenAI and Anthropic raised more than $200 billion combined in the first half, while exits lag: excluding SpaceX's $60 billion purchase of Anysphere, quarterly exits would total $53 billion, the lowest since late 2024.

• Nine-month deal value hit $515.8B, 44% above the prior record
• OpenAI and Anthropic raised over $200B combined in H1
• Q3 deal value fell 40% to $98.4B
• SpaceX's $60B Anysphere deal was 53.1% of quarterly exits