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AGI funding: SEC Form D filings from AI labs
The fundraising paper trail of the AGI race, straight from SEC EDGAR: filings by the labs themselves, and filings by the investment vehicles that buy into them.
Where SPV money is going
169 Form D filings in the last 12 months came from special-purpose vehicles named after a tracked lab. A rising count usually means investors are queuing for shares, often on the secondary market.
| Lab | SPVs, last 12 months | SPVs, all time | Latest vehicle | |
|---|---|---|---|---|
| Anthropic | 38 | 75 | AUGUREY VENTURES I, LLC - ANTHROPIC A | |
| xAI | 24 | 69 | OPX2025 xAI, a Series of Opulentia Ventures X LLC | |
| Perplexity | 16 | 44 | HII Perplexity-10, a Series of HII Perplexity-B, LLC | |
| OpenAI | 12 | 32 | BP OpenAI LP | |
| Apptronik | 10 | 34 | HII Apptronik-02, a Series of HII Apptronik-A, LLC | |
| Cerebras | 9 | 23 | HII Cerebras Series III, a Series of HII Cerebras, LLC | |
| Groq | 8 | 51 | GROQ Opportunity 7 a Series of CGF2021 LLC | |
| Tenstorrent | 6 | 12 | HII TENSTORRENT-04, A SERIES OF HII TENSTORRENT LLC | |
| Figure AI | 5 | 17 | American Ventures QP Opportunity Fund LLC, Series III Figure AI | |
| Lightmatter | 5 | 13 | AGC Lightmatter I, a Series of AGC Parallax Fund I LLC | |
| Lambda | 5 | 8 | Lambda Labs I, a Series of Maiora Arrakis Ventures, LLC | |
| Nscale | 5 | 7 | D. Boral Master SPV LLC, Series XIII Nscale | |
| Reflection AI | 4 | 4 | HII Reflection AI-02, a Series of HII Reflection AI-A LLC | |
| Axiom Math | 3 | 3 | Fearless Axiom Math SPV 1 LLC | |
| Field AI | 3 | 3 | HII Field AI Series III, a Series of HII Field AI LLC | |
| ElevenLabs | 3 | 3 | AGC ElevenLabs I, a Series of AGC Parallax Fund I LLC | |
| Cursor (Anysphere) | 2 | 2 | HII Anysphere-01, a Series of HII Anysphere LLC | |
| CoreWeave | 1 | 12 | AUGUREY VENTURES II, LLC - SERIES COREWEAVE A | |
| Inflection AI | 1 | 3 | Inflection Ai 001 a series of Allocations 2026 Master, LLC | |
| Wayve | 1 | 3 | Seminal Wayve AI Fund, L.P. | |
| SambaNova | 1 | 3 | HII SambaNova-01, a Series of HII SambaNova LLC | |
| Upstage | 1 | 2 | Sazze Upstage SPV II, LP | |
| Abridge | 1 | 2 | Dominari Master SPV LLC, Series XXXI Abridge | |
| Agility Robotics | 1 | 2 | Agility Robotics SPV Feb 2026 a Series of CGF2021 LLC | |
| Periodic Labs | 1 | 1 | AGC Wealt Periodic Labs I a Series of AGC AI Nexus Fund LLC | |
| Lila Sciences | 1 | 1 | Lila Sciences SPV Q4 2025 a Series of CGF2021 LLC | |
| Harvey | 1 | 1 | HII Harvey AI-01 a Series of HII Harvey AI LLC | |
| Physical Intelligence | 1 | 1 | Nuvion Physical Intelligence VII Sep 26 a Series of CGF2021 LLC | |
| Mistral AI | 0 | 4 | Mistral AI T1V SPV Sep 2025 a Series of CGF2021 LLC | |
| MiniMax | 0 | 2 | ICG Minimax 2024 Co-Investment I (Feeder) SCSp | |
| Thinking Machines Lab | 0 | 1 | Thinking Machines Lab Jun 2025 a Series of CGF2021 LLC | |
| Poolside | 0 | 1 | 7GC & Co. Opportunity Partners, Poolside LLC | |
| Liquid AI | 0 | 1 | Untapped Liquid AI SPV, a series of Untapped Ventures, LP | |
| Numenta | 0 | 1 | Open Field Numenta SPV I LLC | |
| Cartesia | 0 | 1 | Cartesia AI Apr 2024 a Series of CGF2021 LLC | |
| Extropic | 0 | 1 | Infinite Capital LP - Series Extropic | |
| Contextual AI | 0 | 1 | Contextual AI May 2024 a Series of CGF2021 LLC | |
| Skild AI | 0 | 1 | Skild AI Apr 2025 a Series of CGF2021 LLC | |
| Dyna Robotics | 0 | 1 | Umami Capital Dyna Robotics a Series of CGF2021 LLC |
Latest filings by the labs
| Filed | Lab | Filer | Form | Amount sold | Source |
|---|---|---|---|---|---|
| 24 Jul 2026 | Groq | Groq LLC | D | $672.2M | SEC |
| 1 Jul 2026 | Prime Intellect | Prime Intellect, Inc. | D | $82.5M | SEC |
| 30 Jun 2026 | Baseten | Baseten Labs, Inc. | D | $1.10B | SEC |
| 3 Jun 2026 | Black Forest Labs | Black Forest Labs Inc. | D | $307.6M | SEC |
| 9 Feb 2026 | Goodfire | Goodfire AI, Inc. | D | $150.0M | SEC |
| 15 Jan 2026 | Prime Intellect | Prime Intellect, Inc. | D | $49.9M | SEC |
| 5 Nov 2025 | Apptronik | Apptronik, Inc | D | $331.4M | SEC |
| 9 Jul 2025 | Hume AI | Hume AI Inc. | D/A | $17.8M | SEC |
| 30 Jun 2025 | Abridge | Abridge AI Inc. | D | $315.9M | SEC |
| 2 Jun 2025 | Goodfire | Goodfire AI, Inc. | D | $52.0M | SEC |
| 18 Mar 2025 | Apptronik | Apptronik, Inc | D/A | $403.0M | SEC |
| 18 Feb 2025 | Apptronik | Apptronik, Inc | D | $231.2M | SEC |
| 23 Dec 2024 | Decagon | Decagon AI, Inc. | D | $61.5M | SEC |
| 21 Nov 2024 | Writer | Writer, Inc. | D | $200.0M | SEC |
| 25 Oct 2024 | Lightmatter | Lightmatter, Inc. | D | $350.0M | SEC |
| 12 Sep 2024 | Magic | Magic AI, Inc | D | $320.7M | SEC |
| 30 May 2024 | CoreWeave | CoreWeave, Inc. | D | $1.15B | SEC |
| 6 May 2024 | VERSES AI | Verses AI Inc. | D | $6.8M | SEC |
| 27 Mar 2024 | Hume AI | Hume AI Inc. | D | $50.2M | SEC |
| 13 Mar 2024 | Magic | Magic AI, Inc. | D | $50K | SEC |
| 13 Mar 2024 | Figure AI | Figure AI Inc. | D | $675.0M | SEC |
| 8 Mar 2024 | Abridge | Abridge AI Inc. | D | $141.1M | SEC |
| 16 Feb 2024 | Magic | Magic AI, Inc. | D | $117.3M | SEC |
| 21 Dec 2023 | Lightmatter | Lightmatter, Inc. | D | $155.0M | SEC |
| 18 Dec 2023 | Liquid AI | Liquid AI, Inc. | D | $31.9M | SEC |
| 13 Dec 2023 | VERSES AI | Verses AI Inc. | D | $199K | SEC |
| 6 Nov 2023 | Essential AI | Essential AI Labs, Inc. | D | $36.5M | SEC |
| 25 Aug 2023 | Luma AI | Luma AI, Inc. | D | $25.5M | SEC |
| 25 Jul 2023 | Reka AI | Reka AI, Inc. | D | $7.5M | SEC |
| 25 Jul 2023 | Reka AI | Reka AI, Inc. | D | $49.8M | SEC |
| 21 Jul 2023 | VERSES AI | Verses AI Inc. | D | $871K | SEC |
| 14 Jun 2023 | Covariant | Covariant, Inc. | D | $23.4M | SEC |
| 5 Apr 2023 | Perplexity | Perplexity AI, Inc. | D | $28.8M | SEC |
| 3 Apr 2023 | VERSES AI | Verses AI Inc. | D | $189K | SEC |
| 22 Mar 2023 | Magic | Magic AI, Inc. | D | $28.1M | SEC |
| 21 Feb 2023 | Apptronik | Apptronik, Inc | D | $10.0M | SEC |
| 6 Feb 2023 | Hume AI | Hume AI Inc. | D | $16.6M | SEC |
| 15 Dec 2022 | Runway | Runway AI Inc. | D | $48.2M | SEC |
| 5 Oct 2022 | Stability AI | STABILITY AI, INC. | D | $76.3M | SEC |
| 19 Sep 2022 | Keen Technologies | Keen Technologies, Inc. | D | $19.3M | SEC |
| 24 Aug 2022 | Hume AI | Hume AI Inc. | D | $3.0M | SEC |
| 27 Jul 2022 | Agility Robotics | Agility Robotics, Inc. | D | $150.0M | SEC |
| 13 May 2022 | Inflection AI | INFLECTION AI, INC. | D | $225.0M | SEC |
| 23 Mar 2022 | Apptronik | Apptronik, Inc | D | $8.0M | SEC |
| 28 Jun 2021 | Baseten | Baseten Labs, Inc. | D/A | $4.8M | SEC |
| 24 Jun 2021 | Baseten | Baseten Labs, Inc. | D | $4.8M | SEC |
| 10 Jun 2021 | Tenstorrent | TENSTORRENT INC. | D/A | $164.0M | SEC |
| 7 May 2021 | CoreWeave | CoreWeave, Inc. | D | $4.4M | SEC |
| 5 May 2021 | Tenstorrent | TENSTORRENT INC. | D | $137.9M | SEC |
| 3 Mar 2021 | CoreWeave | CoreWeave, Inc. | D | $3.8M | SEC |
| 5 Mar 2020 | Modular | Modular, Inc. | D | $2.4M | SEC |
| 14 Feb 2020 | CoreWeave | CoreWeave, Inc. | D/A | $1.0M | SEC |
| 12 Dec 2019 | Hugging Face | Hugging Face Inc | D | $19.7M | SEC |
| 26 Feb 2019 | Lightmatter | Lightmatter, Inc. | D | $22.2M | SEC |
| 7 Feb 2019 | Tenstorrent | TENSTORRENT INC. | D | $20.5M | SEC |
| 5 Sep 2018 | Groq | Groq, Inc. | D | $52.3M | SEC |
| 4 May 2018 | Hugging Face | Hugging Face Inc | D | $3.3M | SEC |
| 16 Apr 2018 | Magic | Magic AI Corp | D/A | $674K | SEC |
| 22 Feb 2018 | Tenstorrent | TENSTORRENT INC. | D | $500K | SEC |
| 20 Feb 2018 | Agility Robotics | Agility Robotics, Inc. | D | $7.5M | SEC |
| 25 Oct 2017 | Magic | Magic AI Corp | D | $25K | SEC |
| 6 Oct 2017 | Tenstorrent | TENSTORRENT INC. | D | $0 | SEC |
| 9 Dec 2016 | Groq | Groq, Inc. | D/A | $10.3M | SEC |
| 20 Oct 2016 | Groq | Groq, Inc. | D | $10.0M | SEC |
| 7 Feb 2013 | Numenta | Numenta, Inc. | D/A | $11.0M | SEC |
| 19 Sep 2011 | Numenta | Numenta, Inc. | D | $5.0M | SEC |
| 29 Apr 2010 | Numenta | Numenta, Inc. | D/A | $12.6M | SEC |
Questions
What is a Form D?
A short notice companies file with the US SEC after selling securities without a public registration, which is how most start-ups raise money. It lists the amount sold and offering size, but not the valuation.
What does an SPV filing tell you?
A special-purpose vehicle pools money from many smaller investors to buy into one company, often on the secondary market. When many SPVs named after a lab file Form Ds, it shows strong investor demand for that lab's shares.
Why are some big raises missing?
Not every round needs a Form D, many labs raise through non-US entities, and some file under a different legal name. We only show what we can tie to a filing.
Source: SEC EDGAR full-text search, Form D, read 2 Nov 2026. Amounts are as reported by the filer for that offering, not total funding or valuation. Not investment advice.