AI's Lead Over Crypto for VC Dollars Increased in Q1'25, But Does This Race Really Matter?

AI’s Lead Over Crypto for VC Dollars Increased in Q1’25, But Does This Race Really Matter?


Crypto venture funding in the U.S. clocked in at approximately $861 million for the first three months of 2025, but was dwarfed by artificial intelligence’s nearly $20 billion haul, according to data provided by Pitchbook, showing how investors continue to pivot towards AI.

Data shows that investors closed 795 deals in the U.S in AI from January to March, with blockbuster deals like Databricks’ $15.3 billion round and Anthropic’s $2 billion raise dominating headlines.

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