Early-stage VCs face tougher odds than ever, but the AI boom could make this vintage one of the most lucrative yet.

New financings reflect Utah’s AI momentum, underscoring the state’s ability to produce AI-native companies that attract top-tier investors.

Significant funding and acquisitions mark the growth of Utah’s diverse tech ecosystem.

Deal values rebounded to $1.86 billion in 2025 as investors shifted toward larger, later-stage rounds and signaled a future focused on AI and deep tech.

A statewide venture capital recap.