Read previewThere's been an investor gold rush to find the hottest new startup, causing a new dynamic: larger seed rounds. In some cases, the seed round is getting out of control. Tier one multi-stage firms have decided to allocate more resources to investing at the seed stage, according to several traditional seed investors who Business Insider spoke to. Related storiesMy colleague Sri Muppidi has reported on these supersized seed rounds in AI startups throughout the summer. Other supersized seed rounds this year include a $10.5 million round by Swedish legal AI startup Leya, and Gameplay Galaxy recently announced a $24 million seed round for its Web3 gaming platform.

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Persons: —, Greylock, they've, Let's, Sri Muppidi, Ed Sim, whiff, Sim, Sim postured, Shruti Gandhi Organizations: Service, Business, Q2 Venture Monitor, Sequoia, Felicis Ventures, Galaxy, Boldstart Ventures, Khosla Ventures, Canaan Partners, Instacart's, Ventures, Founders Locations: Canaan