US venture deal value reaches record $515.8B as exits fail to keep pace

US venture deal value reaches record $515.8B as exits fail to keep pace

Giant artificial intelligence rounds have pushed U.S. venture capital deal value about 44% past its previous annual record with a quarter still to go, according to the quarterly PitchBook-NVCA Venture Monitor report released today, but the exits needed to return that money to investors have not kept pace.

Much of the $515.8 billion invested in the first nine months of the year went to OpenAI Group PBC…