Weekly funding picks, 12–18 October: Modal and Neonomics
Two picks from 12–18 October: Modal’s $750m Series D for AI infrastructure and Neonomics’ $4m shareholder funding after a commercial refocus.
Modal raised capital as demand for its AI infrastructure expanded. Neonomics returned to existing shareholders after cutting its cost base and increasing new-customer acquisition. These two picks concern distinct operating milestones.
Modal announced a $750 million Series D led by Accel at a $15.75 billion post-money valuation. It provides infrastructure for AI inference, training and code-execution environments.
The company reported more than $1 billion in annualized run rate, including a $300 million run rate for Sandboxes, which gives AI agents isolated environments to execute code. These figures describe an annualized pace; they do not establish contracted recurring revenue or revenue already earned over a full year.
Modal financing15 October · Neonomics secures $4m from existing shareholders
Neonomics secured $4 million to support growth in payments and financial data. The Norwegian open-finance company said a strategic refocus had reduced its operating cost base by almost half while preserving its existing customer base.
The release reported more than 60% growth in new customer acquisition since the start of 2026. This concerns attracting new customers, rather than a disclosed 60% increase in the entire customer base. The company plans to expand services that structure, enrich and interpret financial data for business products and workflows.
Neonomics financingThe financing records
About these picks
Two selected published deals announced from 12 through 18 October 2026, based on the linked company releases. Operating figures are attributed to the companies. These picks do not represent the full week or establish a funding trend.
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Abby Care Abby Care trains and supports eligible family members as paid caregivers, combining nurse-led care management with software that documents care at home. | $82M | Series C | Healthtech · United States | CVS Health Ventures, Sequoia Capital, Khosla Ventures, Frist Cressey Ventures, Thrive Capital, Transformation Capital (lead), Pivotal Ventures | |
| Stand Home insurance provider using property-level risk simulations to price coverage and identify resilience improvements. | $70M | Series C | Fintech · United States | Neotribe Ventures, Saga Ventures (lead), Equal Ventures, Jackson Square Ventures, Lowercarbon Capital, Eclipse, Inspired Capital | |
| Aqar Exit Egyptian property platform connecting contract holders who want to exit instalment commitments with buyers seeking existing purchase contracts. | EGP 10M | Equity investment | Proptech · Egypt | Ayman Mamdouh Abbas | |
| Mueon Develops modular three-dimensional compute and memory systems for AI infrastructure. | $65M | Series A | Hardware · United States | Defined, M Ventures, Intel Capital, Geodesic Alliance Fund, Oregon Venture Fund, IQT, Wellington Capital, Maverick Silicon (lead) | |
| Seamoretech Seamoretech develops systems that recover freshwater and critical minerals from the concentrated brine left by desalination. | €1.1M | Seed first close | Climate tech · Portugal | Rypples, Seven Seas Capital, Crédito Agrícola | |
| Chariot Claims Chariot Claims helps consumers identify potential claims and connects them with law firms handling mass arbitration and other actions. | $10M | Series A | Enterprise software · United States | Neon Fund, Vermilion Ventures, Indicator Ventures, Graph Ventures, Silverton Partners (lead), Lightbank, FJ Labs, Alumni Ventures, Rosecliff Ventures, ZVC | |
| Sprout Family An employer benefits platform supporting fertility, family-building, parental leave and return to work. | CA$3.6M | Seed | Healthtech · Canada | MaRS Investment Accelerator Fund (IAF), BDC Capital's Thrive Venture Fund (lead), The51, StandUp Ventures, Accelia Capital | |
| Relace Regulatory management software linking financial firms’ obligations to their operations and supporting evidence. | $1.6M | Pre-seed | Fintech · United Kingdom | Koro Capital, Husayn Kassai, Boost Capital Partners (lead), Ascension | |
| Neonomics Neonomics helps financial software providers access customer-approved bank data, analyse transactions and accept bank-account payments. | $4M | Funding | Fintech · Norway | ||
| Fruga Fruga helps insurers engage policyholders through open-banking-linked rewards that reduce insurance renewal costs. | £1M | First external funding | Fintech · United Kingdom | NPIF II - PXN Equity Finance, Haatch | |
| any style any style provides marketing and content services using virtual creators and influencers. | Undisclosed | Agreed strategic investment | Media & gaming · Japan | JR East Startup | |
| Sunbound Sunbound combines revenue operations software and financial services expertise for senior living and post-acute care providers. | $24M | Series A | Fintech · United States | TTV Capital (lead), Bling Capital, Fika Ventures, Ziegler Link-Age Fund, Live Oak Bank | |
| AIsa AIsa connects enterprise AI agents with external resources and governed transaction infrastructure. | Undisclosed | Seed extension | Developer tools · United States | HIVEN, Tether | |
| MetaCircle MetaCircle develops AI systems that design and evaluate other machine-learning models. | Undisclosed | Seed+ | AI · China | 首程资本, 云时资本, 山行资本, 上海半导体产投, 上海人工智能产业系列基金, 360战投, BV百度风投 | |
| MetaCircle MetaCircle develops AI systems that design and evaluate other machine-learning models. | Undisclosed | Seed | AI · China | 星连资本, 上海未来产业基金, Shunwei Capital (lead), 君礼资本 | |
| Umee Technologies Umee Technologies turns recorded customer conversations into structured CRM records and sales insights. | Undisclosed | Capital and business alliance agreement | Enterprise software · Japan | SB C&S | |
| CarbonAI AI agents for commercial real estate lending, from underwriting and due diligence to portfolio monitoring. | $12M | Funding | Fintech · United States | Timber Grove Ventures, Bling Capital, Cowboy Ventures (lead), Max Ventures | |
| Elevatry Elevatry provides AI assistants for strategic procurement teams. | €3M | Pre-seed | Enterprise software · Germany | H&Z, Bayern Kapital, Andreas Junck, Jan Henner-Theißen, Markus Ehrle, Mike Simon, Alexander Bruehl, Martin Berr-Sorokin | |
| Acta Pharmaceuticals Develops investigational medicines for early intervention in Alzheimer’s disease. | $24M | Total seed financing | Biotech · United States | ||
| Medcotec Single-use valves for transferring powders in pharmaceutical and industrial production. | >£2.4M | Funding | Industrial tech · United Kingdom | LYVA Labs, NPIF II – Mercia Equity Finance (lead), Liverpool City Region Seed Fund | |
| Fission Liquidity infrastructure for holders of tokenized investment-fund interests. | $10M | Series A | Fintech · United States | Borderless Capital, Circle Ventures, Ari Rubenstein, gumi Cryptos Capital, New Form Capital, Pantera Capital (lead) | |
| Punch Punch helps construction teams turn field updates into daily reports, purchase orders and follow-up work using their own operating rules. | $2M | Funding | Proptech · United States | Gutter Capital | |
| Meow Financial technology platform for business banking, treasury, payments and expense management. | Undisclosed | Strategic minority investment | Fintech · United States | Stifel | |
| Uniform Labs Uniform Labs develops Multiliquid, a liquidity protocol for tokenized assets. | Undisclosed | Seed | Fintech · United States | Circle Ventures, CMT Digital, Polychain Capital (lead), Metalayer Ventures, Generative Ventures, Strobe Ventures | |
| fleXality fleXality coordinates industrial energy assets to help businesses manage electricity demand and costs. | Undisclosed | Strategic capital increase | Climate tech · Germany | Contigo Energie Holding | |
| Ramp Provides financial infrastructure for corporate cards, invoicing, and expense management | $1.9B | Primary financing | Fintech · United States | Stripes, Capital International, FirstMark, Pinegrove Opportunity Partners, Glade Brook Capital Partners, Greenoaks, 1789 Capital, Avenir Growth (lead), D.E. Shaw & Co., Ontario Teachers' Pension Plan, Khosla Ventures, Lightspeed, 8VC, Dragoneer Investment Group (lead), Soma Capital, Founders Fund (lead), Sands Capital (lead), T. Rowe Price, D1 Capital Partners, General Catalyst, ICONIQ, Alpha Wave Global, Generation Investment Management, GIC, Thrive Capital (lead), Fidelity Management & Research Company, Coatue, Definition Capital | |
| Sirona Medical Cloud radiology software combining image storage, diagnostic viewing, reporting and workflow management. | $40M | Series D | Healthtech · United States | Avidity Partners (lead), Rose Park Advisors, GreatPoint Ventures, 8VC, KLT | |
| Metabolize Develops consumer metabolic-health products based on licensed Stanford-originated research. | $3.2M | Seed | Healthtech · United States | Maia Ventures, Astanor (lead), SOSV, LongGame | |
| Pinpin Kirari Pinpin Kirari connects older workers with families needing help with household tasks and childcare. | ¥50M | Loan | Consumer · Japan | Shoko Chukin Bank | |
| Origin Origin builds mobile robots for interior construction, beginning with wall finishing. | Undisclosed | Undisclosed | Robotics · United States | Z21 Ventures, Schema Ventures, Imad Ventures, Unilazer Ventures, Accel (lead), Zacua Ventures (lead), Isai |