California companies have raised $385 billion in seed- through growth-stage startup funding so far in 2026, more than three-fourths of the U.S. total, according to Crunchbase data reported by Joanna Glasner of Crunchbase News and summarized by Techmeme^1,2.

Glasner wrote that the statewide total is more than double last year's tally and already exceeds funding for all U.S. startups in any prior year on record, with two months still left in 2026².

Most of the money has gone to a handful of large rounds for San Francisco-based AI companies². Financings for OpenAI and Anthropic account for more than half of California's 2026 total, Crunchbase News said².

Even without those two, California companies have taken a large share of the biggest U.S. equity rounds, the report said². Crunchbase listed other large California deals this year, including $16 billion for Waymo in February, $12 billion for Prometheus, the physical AI startup co-founded by Jeff Bezos, and $5 billion each for Databricks in August and for Safe Superintelligence in a Nvidia-led round².

The concentration is not limited to late-stage companies. California firms have secured nearly $62 billion in seed- and early-stage financings so far in 2026, about 57 percent of U.S. funding at those stages and apparently a record, Crunchbase said^1,2.

Glasner said California's share of U.S. startup funding has been rising for three years, with strength beyond San Francisco AI unicorns in the broader Silicon Valley region and Southern California². A footnote said xAI raised $20 billion earlier this year as a California-headquartered company but is now part of SpaceX, which is based in Texas².

The figures are Crunchbase's compilation of announced seed- through growth-stage equity rounds and can change as more deals are disclosed².