The $100M+ Round Is Now Just a Typical Late-Stage Financing

Crunchbase News·medium signal

Crunchbase reports the median late-stage round has roughly doubled since 2020 — from just over $50M to about $100M — with 250 financings of $100M+ already done in 2026 and Series D medians sitting near $100M. The structural read: capital is concentrating in fewer, larger AI-native bets while traditional SaaS rounds slow, raising the bar for any incumbent trying to fund an AI pivot.