2025年Q2 融资Top榜，从种子到G轮，详解资本如何押注未来独角兽

Core Insights - Capital is shifting from AI infrastructure to application-focused companies, indicating a change in investment logic within the AI sector [1][3] - The AI market is undergoing unprecedented consolidation, with major tech companies rapidly acquiring talent and technology through "quasi-acquisitions" [3] - Investors are betting on AI startups at record high valuations, reflecting significant growth expectations for leading companies [3] Seed and Angel Round Financing - The top seed/angel round financing case is Thinking Machines Lab, which raised $2.0 billion [4] - Other notable companies include LMArena, Gensmo, Yupp, and Cognichip, with varying focuses on AI applications and technologies [5][6][7][8] Series A Financing - The top Series A financing case is 银河通用, which raised $153 million [19] - Other significant companies include 联影智能 and 地瓜机器人, focusing on AI video analysis and humanoid robotics respectively [20][21] Series B Financing - The leading Series B financing case is Anysphere, which raised $100 million [45] - Other notable companies include wall street firms and AI-driven platforms focusing on various applications, including autonomous delivery and software supply chain security [46][47] Series C Financing - The top Series C financing case is a company that raised $900 million for AI code automation and programming assistance [46] - Other significant companies include壁仞科技 and Quantum Systems, focusing on high-performance computing and AI-driven drone systems [47][48] Series D Financing - The leading Series D financing case is xAI, which raised $5.0 billion for AI defense security applications [57] - Other notable companies include Cohere and Pathos, focusing on enterprise-level generative AI platforms and AI-driven drug development [58][59] Series E and Beyond Financing - The top Series E financing case is Neuralink, which raised $650 million for brain-machine interface technology [72] - Other significant companies include Anduril and Applied Intuition, focusing on defense technology and autonomous driving software [71][74]