Here are the 55 US AI startups that raised $100M or more in 2025

So capital is still flowing. Cool. But here's what matters: how many of those 55 exist in 2027?

This headline celebrates volume without asking if any of them matter. Some are probably dead by now (we're in April 2026), some are re-rounds by zombie companies, and most won't achieve the revenue multiples they're valued at. Investor dollars ≠ business fundamentals. Did that $55B+ produce one product customers actually prefer over Claude/GPT4? Barely.