Another big tech AI investment has skewed the month's total, but underneath lies strong dealmaking in industrial startups and growth in Japan.

After standout funding rounds for OpenAI and Waymo took October's total dollar value of corporate-backed deals above $22bn, it was inevitable that November would see a decline. But at $11.9bn, it was still a strong month, up 57% against the same period last year.

Once again, a sizeable AI deal is responsible. $4bn of the total is accounted for by Amazon's investment in Anthropic, the AI company ...

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Stephen Hurford

Stephen Hurford is a junior reporter for Global Venturing.