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Venture funding drops in Seattle area as AI boom reshapes startup world

Seattle-area startups raised $2.7 billion in the first half of 2026, down 40% from a year ago, even as U.S. venture funding hit a record $412.7 billion. The disconnect: AI mega-rounds are driving the national boom, and Seattle’s biggest deals were in fusion, space, and cybersecurity. Read More

GeekWire 200 update: New unicorns and a hardware surge remake our list of top Pacific NW startups

The latest GeekWire 200, our quarterly ranking of the top Pacific Northwest startups, reflects a shift toward companies building physical products — rockets, fusion reactors, robots and space-based data centers. Starcloud was the biggest mover, two new unicorns joined the list, and Helion held the No. 1 spot. Read More

XBOW, the unicorn with a Seattle mailbox, raises another $35M for its autonomous hacking platform

XBOW, the cybersecurity startup founded by GitHub Copilot creator Oege de Moor, added $35M from NVIDIA, Samsung, SentinelOne, and others, bringing its Series C to $155M. The billion-dollar company lists Seattle as its HQ — but its address is a mailbox at a Pioneer Square coworking space, and its founder lives in Malta. Read More

Bigger checks, fewer bets: Seattle startup deal count drops to lowest level since 2020

The Seattle area ranked seventh in the U.S. by venture capital invested but 10th by deal count in the first quarter of 2026, as funding concentrated into fewer, larger rounds, according to the latest PitchBook-NVCA Venture Monitor. Read More

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