Typical Series A round size for AI / ML startups in Bay Area
Based on 28 Form D filings by Bay Area AI / ML issuers at Series A stage, filed Nov 2024 – Oct 2026. Updated monthly. Change any segment to compare.
The numbers
- Median Series A raise: $24.4M
- Middle half of rounds: $18.5M – $38.2M
- Filings in sample: 28
- Rounds under $1M: 0%
- Rounds over $5M: 93%
- Updated Oct 2026
Read this number carefully
Form D undercounts small SAFE rounds and rounds that rely on other exemptions. Treat the median as a ceiling for "typical", not a target.