Funding Frenzy, Mega-Rounds & AI Infrastructure Risk

Capital remains concentrated in standout AI and B2B companies as ordinary SaaS financing and exits stay selective. Ramp’s reported $1.85B raise at a $60B valuation and Spur Intelligence’s reported $200M investment and 45% ARR growth illustrate appetite for scaled leaders, while Numeral’s $100M Series C coverage highlights the importance of defensible metric definitions and credible durability arguments. These reported figures do not establish broad market recovery.