PitchBook：2026年Q2 AI市场报告：巨型交易主导市场 融资规模达4070亿美元（英文版）

Horizontal platforms captured 70.8% of total deal value, while vertical applications drove over 60% of all deal counts. • Exit activity reached a decade high of $391.1 billion, with most value coming from a handful of transactions. • The median venture-growth pre-money valuation rose 204% to $953.8 million, far outpacing earlier-stage gains. • We are most bullish on horizontal platforms. Frontier model labs will likely continue to function as a capital center of gravity and be responsible