State of insurtech q3'25.

Nvidia's investment spree.
October mega-rounds.

 

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November 8, 2025

Hi there,

 

Here are this week's top research briefs.

ICYMI
 

State of Insurtech Q3’25 Report

Deal count nears a 10-year low, while M&A exits reach a 3-year high. We break down the trends shaping insurtech using CB Insights data.

Insurtech-funding-plateaus-since-Q422_CB-Insights-1024x1024
Tech IPO Pipeline 2026: Book of Scouting Reports

Q3'25 saw a surge in tech IPOs for the highest quarterly level since 2023. Using CB Insights' predictive intelligence, we break down 100+ companies we think could go public next.

Tech-IPO-Pipeline-2026-—-Key-Highlights-v2
Partnerships and hiring data show AI companies are expanding beyond Nvidia chips

Startups still choose Nvidia for speed and reliability, but increasingly add a second AI chip supplier when availability or cost matters. We show where alternatives are gaining ground and what operators and investors should do next.

NvidiaAIChipsNetworkGraph-102025-1-913x1024
Beyond foundation models: October mega-rounds span the full AI infrastructure stack

We look into the tech companies that raised $100M+ rounds in October to uncover signals on market momentum, strategic plays, and the AI infrastructure stack. 

October-megarounds-992x1024

Customer-Exclusive Research

 

Mosaic and hiring signals show VPP momentum shifting to capacity markets and Europe

CB Insights signals — Mosaic movements plus hiring and headcount shifts — show VPP momentum tilting away from California and toward capacity‑market regions and Europe. We identify where providers are gaining ground and which startups are best positioned for what's next.

Screenshot 2025-11-07 at 1.21.17 PM

Space is the new cybersecurity frontier: Here are the startups leading the race

We used our CB Insights Mosaic score to identify the startups most likely to lead the expanding space cybersecurity market.

ZeroTrustStartups-1

HLTH USA 2025: 3 trends driving healthcare’s next chapter

We used CB Insights’ Predictive Intelligence and insights gathered at the conference to understand how cost transparency, AI infrastructure, and proactive care are evolving.

HLTH-USA-2025_3-Key-Takeaways-1024x1010

Have a great weekend.

 

I love you. 

 

Anand

@asanwal

Co-Founder & Exec Chair

 

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