For the fourth year in a row, Sequoia Capital retains the top spot as the most active investor in AI.

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Generative AI investors continue to battle in the top 10 (Chloe Ladwig/PitchBook News) By Jacob Robbins, Technology Reporter The more things change, the more they stay the same. For the fourth year in a row, Sequoia Capital retains the top spot as the most active investor in AI. But as mega-deals and mega-IPOs define the next stage of AI's dominance over the venture ecosystem, intensifying investor jockeying has upended PitchBook's rankings. And the competition is showing no signs of slowing down. According to PitchBook's latest AI VC Trends report, Q1 funding for the vertical has already eclipsed 2025's full-year total, reaching $255.5 billion. Driven by historic fundraising by companies like OpenAI and Anthropic, only three deals accounted for 67% of the vertical's total funding. This is an updated list of the 10 most active VC investors in generative AI since 2019, according to PitchBook data. See the rankings Related research: Q1 2026 AI VC Trends

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