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
ThinkMetal

ThinkMetal develops materials and manufacturing systems for precision metal components.

₹270MUndisclosedIndustrial tech · India3i Partners, IAN Alpha Fund (lead)
Pluto Security

Enterprise security software that monitors AI tools, agents and the applications employees build.

~$33MSeries ACybersecurity · UndisclosedJump Capital (lead), Ansa Capital, Skinos Ventures
Epyr

Thermal energy storage for industrial heat.

€15MSeries AClimate tech · FranceAurum Impact, WEPA Ventures, OVNI Capital, SlateVC (lead), AENU, Daphni
Alchera Technologies

Transport data and forecasting for highways operators and local authorities.

£2.7MSeed investment and match fundingMobility · United KingdomInnovate UK Investor Partnerships Programme, The FSE Group, South West Investment Fund (lead), Bayes Entrepreneurship Fund, Cambridge Applied Research
JustAd

JustAd combines advertising campaign management, AI analysis and pay-later financing for media spending.

$5MInvestment roundEnterprise software · United Arab EmiratesImad Jomaa
Doctolib

Healthcare software for appointments, practice administration and clinical documentation, with patient-facing access to care.

UndisclosedPlanned minority investmentHealthtech · FranceNVIDIA
Startup Internet Services Limited

An Info Edge subsidiary allocating capital to investment opportunities, including alternative investment funds.

₹200MParent equity subscriptionFintech · IndiaInfo Edge (India) Limited
Solarise Africa

Solarise Africa finances and operates decentralised energy systems for businesses.

€1MEEP Africa grantClimate tech · MauritiusEEP Africa
Ruit

Multichannel resale software helping second-hand sellers manage listings and stock from one inventory.

€880KPre-seedEcommerce · SpainAngels Capital, Successful Fund, Decelera Ventures, Spanish National Innovation Company (ENISA), ABAC Nest Ventures (lead)
GreenCell Mobility

GreenCell Mobility operates electric bus services in India.

₹3.3BEquity investmentMobility · IndiaImpact Fund Denmark
Scanntech

Scanntech turns point-of-sale transactions into retail intelligence for consumer brands, retailers and distributors.

UndisclosedSeries F (announced)Enterprise software · UruguayPartners Group (lead), L Catterton (lead), SPX Capital, Bradesco
Funding Souq

Funding Souq connects small businesses with Shariah-compliant financing and provides infrastructure for embedded lending.

UndisclosedStrategic minority investmentFintech · Saudi ArabiaFoodics
esa

esa converts difficult-to-separate composite plastic waste into recycled materials for manufacturers.

UndisclosedUndisclosedClimate tech · JapanMitsubishi UFJ Trust and Banking, SG Wonder zone, Environmental Energy Investment, Mitsubishi UFJ Capital Co
Obsero

Obsero helps marketing teams measure and improve how their brands appear in AI-generated answers through software and specialist consultancy.

$1.2MSeedEnterprise software · United KingdomSFC Capital (lead)
Boltz

Boltz builds biomolecular AI models and software for molecular design and drug-discovery research.

UndisclosedPlanned strategic investmentBiotech · United StatesNVIDIA
Genesis AI

Genesis AI develops general-purpose robotics systems.

UndisclosedPlanned strategic investmentRobotics · FranceNVIDIA
Dapta

Dapta develops AI sales agents for small and medium-sized businesses.

$6MSeedEnterprise software · United StatesFEN Ventures, Cometa VC, Chingona Ventures (lead), Broom Ventures, 500 Global, Crew Capital
wudhomes

wudhomes makes custom living-room furniture and helps customers choose pieces that fit their space through design advice, store visits and home consultations.

₹25MPre-seedConsumer · IndiaYash Banwani, ajvc (lead), Keertay Agarwal, Rohit Choudhary
Entalpic

Entalpic designs molecules and materials for industrial surface chemistry.

UndisclosedPlanned strategic investmentIndustrial tech · FranceNVIDIA
Hiverge

Hiverge develops an AI research platform that searches for better algorithms and computational approaches.

UndisclosedPlanned strategic investmentAI · United KingdomNVIDIA
Foresight

Foresight helps infrastructure owners and project teams forecast construction completion dates and identify schedule risks.

UndisclosedPlanned strategic investmentAI · United KingdomNVIDIA
ICON

Robotic construction systems, software and materials for buildings on Earth and beyond.

$200MSeries DRobotics · United StatesNorwest, Tiger Global, Moderne Ventures, BlackRock (lead), The Syndicate, Moonshots Capital, Baillie Gifford (lead), CAZ Investments, Overmatch, Capital Factory
Nearhuman

Nearhuman builds on-device computer vision systems that help shared scooter and bicycle operators detect street-level safety risks.

UndisclosedFrontier AI Discovery grantAI · United KingdomInnovate UK
Sainaptic

Sainaptic helps awarding organisations and training providers mark vocational and professional assessments with AI-generated feedback that human assessors review.

£1MSeedEdtech · United KingdomElm Venture Partners, Cornerstone VC (lead), Ufi Ventures (lead), Brighteye Ventures
Clueso

Clueso helps business teams create and maintain product videos, training content and accompanying documentation.

$10MSeries AEnterprise software · United StatesNeotribe Ventures, Dharana Capital (lead), f7 Ventures, Founders Future, Y Combinator (YC)
EFY Finance

EFY Finance connects stablecoins with bank accounts and cross-border payment networks.

UndisclosedSeedFintech · PanamaTether
reebuild

reebuild helps construction companies and property developers review invoices, track materials and control project costs.

€3MSeedProptech · AustriaCuriosity VC, Rise PropTech, Fortino Ventures (lead), Hansmann Family Office
Riverlane

Riverlane builds quantum error-correction hardware and software for quantum-computer manufacturers and research organisations.

UndisclosedPlanned strategic investmentHardware · United KingdomNVIDIA
ID Finance

A digital consumer-finance company offering online lending and financial services to consumers in Spain and Mexico.

€545MDebt and equity financingFintech · SpainSpice Expeditions (lead), Washington University in St. Louis (lead), Kingsway Capital (lead), i80 Group (lead)
CMR Surgical

CMR Surgical develops the Versius surgical robotics platform for hospitals and surgical teams performing minimal access procedures.

~$400MStrategic preferred equity agreementHealthtech · United KingdomStryker