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Startups continue to navigate a selective funding environment where execution matters more than momentum. While seed to Series A graduation rates stabilized around 19% to 24% for recent cohorts, AI startups consistently outperform with higher advancement rates. The innovation landscape shows clear regional advantages and emerging sector opportunities.

Our H2 2025 report examines the critical trends reshaping success in the innovation economy:

  • AI is simultaneously strengthening and threatening cybersecurity defenses in ways most founders don’t realize
  • Data centers’ energy appetite is reshaping entire industries beyond tech
  • The India-U.S. innovation relationship reveals surprising patterns about global talent flows

Contributors

Ashraf Hebela

Ashraf Hebela

Head of Startup Banking & Co-Head of Technology Banking

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.