1,140+ early-stage deals

Huge valuations.  Healthcare deals. Agent tech stack.   View in browser September 13, 2025 Hi there,   Startups can get access to the same market intelligence and research trusted by the top Fortune 500 companies — at a price designed for you.    Check it out.   And now, here are this week's top research briefs. ICYMI   The world's 50 most valuable private companies We mined CB Insights valuation data to reveal how AI, geographic concentration, and secondary markets are shaping today's most valuable private companies. Early-Stage Trends Report: What every deal in August tells us about what's next in tech Using the CB Insights Business Graph, we analyzed 1,140+ early-stage deals in August to identify the most promising companies, top investors, and emerging categories to watch. OpenAI just spent $1.1B on product testing: These 4 startups could be next The LLM developer's acquisition of Statsig signals future consolidation as rapid product development becomes the norm in AI. The summer of vibe coding is over — How reasoning models broke the economics of AI code generation Reasoning models have supercharged coding AI agents, driving adoption and growth, but at the cost of higher inference expenses that are squeezing margins. This report explores how these companies are adapting and what lessons other AI agent markets can take from coding. Customer-Exclusive Research   Book of Scouting Reports: The AI Agent Tech Stack We dive into the data on companies forming the new AI agent tech stack.  Oncology tech in 4 charts: From downturn to record pace as AI innovation attracts renewed investment s We break down the oncology tech landscape across funding trends, M&A, exit probability, and more. Record capital is flowing to materials development startups: Here are the companies leading the market Materials development platforms are capturing investor attention as AI and quantum computing unlock new capabilities. We used our Mosaic score to identify the startups most likely to lead this expanding sector. Have a great weekend.   I love you.    Anand @asanwal Co-Founder & Exec Chair   P.S. Want to know which VCs are outperforming? Check out our Smart Money 2025 list of the world's 25 best-performing venture capital firms. Exclusive Startup Access: 75% Off CB Insights Learn More CB Insights' emerging technology insights platform provides all the analysis and data from this newsletter. Our data is the easiest way to discover and respond to emerging tech.  Was this email forwarded to you? Sign up here Copyright © 2025 CB Insights, All rights reserved. 498 7th Avenue, NY, CB Insights, New York,10018 About Us | Update Preferences | Research | Newsletter