Weekly · Monday, Oct 12 – Sunday, Oct 18, 2026

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 financing

15 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 financing

The 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

  1. modal.com ↗
  2. neonomics.io ↗

All rounds in this edition

All funding rounds in this edition
CompanyAmountRoundSector · countryInvestorsDate
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.

$82MSeries CHealthtech · United StatesCVS 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.

$70MSeries CFintech · United StatesNeotribe 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 10MEquity investmentProptech · EgyptAyman Mamdouh Abbas
Mueon

Develops modular three-dimensional compute and memory systems for AI infrastructure.

$65MSeries AHardware · United StatesDefined, 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.

€1.1MSeed first closeClimate tech · PortugalRypples, 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.

$10MSeries AEnterprise software · United StatesNeon 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$3.6MSeedHealthtech · CanadaMaRS 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.

$1.6MPre-seedFintech · United KingdomKoro 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.

$4MFundingFintech · Norway
Fruga

Fruga helps insurers engage policyholders through open-banking-linked rewards that reduce insurance renewal costs.

£1MFirst external fundingFintech · United KingdomNPIF II - PXN Equity Finance, Haatch
any style

any style provides marketing and content services using virtual creators and influencers.

UndisclosedAgreed strategic investmentMedia & gaming · JapanJR East Startup
Sunbound

Sunbound combines revenue operations software and financial services expertise for senior living and post-acute care providers.

$24MSeries AFintech · United StatesTTV 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.

UndisclosedSeed extensionDeveloper tools · United StatesHIVEN, Tether
MetaCircle

MetaCircle develops AI systems that design and evaluate other machine-learning models.

UndisclosedSeed+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.

UndisclosedSeedAI · 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.

UndisclosedCapital and business alliance agreementEnterprise software · JapanSB C&S
CarbonAI

AI agents for commercial real estate lending, from underwriting and due diligence to portfolio monitoring.

$12MFundingFintech · United StatesTimber Grove Ventures, Bling Capital, Cowboy Ventures (lead), Max Ventures
Elevatry

Elevatry provides AI assistants for strategic procurement teams.

€3MPre-seedEnterprise software · GermanyH&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.

$24MTotal seed financingBiotech · United States
Medcotec

Single-use valves for transferring powders in pharmaceutical and industrial production.

>£2.4MFundingIndustrial tech · United KingdomLYVA Labs, NPIF II – Mercia Equity Finance (lead), Liverpool City Region Seed Fund
Fission

Liquidity infrastructure for holders of tokenized investment-fund interests.

$10MSeries AFintech · United StatesBorderless 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.

$2MFundingProptech · United StatesGutter Capital
Meow

Financial technology platform for business banking, treasury, payments and expense management.

UndisclosedStrategic minority investmentFintech · United StatesStifel
Uniform Labs

Uniform Labs develops Multiliquid, a liquidity protocol for tokenized assets.

UndisclosedSeedFintech · United StatesCircle 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.

UndisclosedStrategic capital increaseClimate tech · GermanyContigo Energie Holding
Ramp

Provides financial infrastructure for corporate cards, invoicing, and expense management

$1.9BPrimary financingFintech · United StatesStripes, 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.

$40MSeries DHealthtech · United StatesAvidity Partners (lead), Rose Park Advisors, GreatPoint Ventures, 8VC, KLT
Metabolize

Develops consumer metabolic-health products based on licensed Stanford-originated research.

$3.2MSeedHealthtech · United StatesMaia Ventures, Astanor (lead), SOSV, LongGame
Pinpin Kirari

Pinpin Kirari connects older workers with families needing help with household tasks and childcare.

¥50MLoanConsumer · JapanShoko Chukin Bank
Origin

Origin builds mobile robots for interior construction, beginning with wall finishing.

UndisclosedUndisclosedRobotics · United StatesZ21 Ventures, Schema Ventures, Imad Ventures, Unilazer Ventures, Accel (lead), Zacua Ventures (lead), Isai