{
  "id": 7772970,
  "title": "A Hard Year For Software IPOs",
  "url": "https://urgent.news/2026/09/16/a-hard-year-for-software-ipos",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-16T11:00:47.000Z",
  "source": {
    "name": "Crunchbase News",
    "slug": "crunchbase-news",
    "url": "https://news.crunchbase.com/public/energy-ai-defense-saas-ipos-2026/"
  },
  "original_language": "en",
  "account": "In 2026, the tech IPO market has been dominated by a handful of companies, with nearly $90 billion raised in domestic public offerings, according to Crunchbase data. SpaceX led the pack, accounting for 83% of the total raised, while AI infrastructure company Cerebras Systems and potential offering from Anthropic also attracted significant investment. However, enterprise software, a traditional staple industry among venture-backed IPOs, was notably absent this year, with only 21 other venture-backed technology companies going public. These offerings, including traditional IPOs and SPAC deals, raised less than $10 billion. The dearth of enterprise software IPOs is largely attributed to the impact of AI, with venture capitalists pouring capital into AI-first platforms in legal tech, accounting, and other enterprise software sectors. Large tech companies such as Anthropic and OpenAI still dominate IPO chatter, but enterprise SaaS offerings remain largely absent.",
  "summary": "U.S. venture-backed technology companies have secured around $90 billion in domestic public offerings this year, per Crunchbase data. That’s already the second-highest annual tally on record, and we’ve still got a few months to go.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}