Weekly funding picks, 19–25 October: banking AI, machine monitoring and code validation
Picks for 19–25 October: Upstage’s ₩40bn first tranche, Tractian’s $130m industrial-monitoring round and Greptile’s $50m for code validation.
Jeonbuk Bank, Kwangju Bank and JB Woori Capital signed a ₩40 billion investment agreement with Upstage on October 20, securing an approximately 2% stake for JB Financial Group. This is the first tranche of its Series C-2, with further investment planned. The partners intend to develop financial-services AI agents and automate document processing and reviews.
Upstage financing22 October · Tractian raises $130m for industrial monitoring
Tractian announced a $130 million Series D on October 22 led by Sapphire Ventures and co-led by M&G Catalyst, at a $1.4 billion valuation. The company combines field sensors with AI to monitor critical industrial equipment. Its platform brings vibration, ultrasound, current and temperature signals into a unified view for maintenance teams.
Tractian financing19 October · Greptile raises $50m for code validation
Menlo Ventures led Greptile’s $50 million Series B announced on October 19 at a $750 million valuation. The company develops automated review and testing for software changes. Greptile says it reviews and tests more than 1% of GitHub pull requests daily, acting as an independent validation layer for teams using multiple coding agents.
Greptile financingThe three financing records
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Lingyan Technology Lingyan Technology builds expressive robotic faces that synchronise speech, lip movement and eye motion. | Undisclosed | Seed | Robotics · China | 浙江火炬中心, 盈动资本 | |
| ARCHIVESTOCK A Japanese resale marketplace for luxury, designer and vintage fashion. | Undisclosed | Undisclosed | Ecommerce · Japan | Sazaby League | |
| SpaceX SpaceX builds launch vehicles, satellite communications systems and AI infrastructure. | $40B | GPU debt financing | AI · United States | ||
| Lingyan Technology Lingyan Technology builds expressive robotic faces that synchronise speech, lip movement and eye motion. | Undisclosed | Seed+ | Robotics · China | 领甪资本, 盈动资本, Addor Capital, Plum Ventures | |
| Ghanem Ghanem is a Saudi proptech platform that lets individuals and institutions invest in fractional ownership of income-generating real estate. | $1.5M | Pre-seed extension | Proptech · Saudi Arabia | ||
| HEARTBEATS, Inc. A fan-engagement company creating digital trading-card experiences for sports teams and entertainment properties. | ¥1.3B | Debt financing | Media & gaming · Japan | Resona Bank, Ltd., Shoko Chukin Bank, Mizuho Bank, Ltd., MUFG Bank, Japan Finance Corporation | |
| Fairy Devices Tokyo company developing wearable devices and remote-assistance software for industrial field workers. | Undisclosed | JICN equity investment | Industrial tech · Japan | Japan Green Investment Corp. for Carbon Neutrality (JICN) | |
| Number Nine Number Nine develops and publishes original manga and webtoons, supporting creators and international distribution. | Undisclosed | Additional strategic investment | Media & gaming · Japan | LINE Digital Frontier | |
| Concretene Concretene develops graphene-based concrete admixtures designed to reduce the cement needed in construction mixes. The Manchester business is scaling manufacturing and trials with industrial partners. | £4.5M | Series A first close | Climate tech · United Kingdom | NPIF II - PXN Equity Finance, LocalGlobe, Molten Ventures | |
| Strella Biotechnology Produce-quality sensors and software that guide storage, ripening and distribution. | $4.3M | Series A extension | Agritech · United States | Beta Milouot, LeVert Ventures, Peakbridge, SilverBlue (lead) | |
| Knowledge Work Tokyo software company developing sales AI agents, an agent operating platform and consulting services for enterprise sales teams. | ¥4.8B | Series C debt second close | AI · Japan | Fukuoka Bank, Shizuoka Bank, Shoko Chukin Bank, Mizuho Bank, Ltd., MUFG Bank, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Banking | |
| Intuitivo Intuitivo provides digital assessment software for teachers and educational institutions. | €1.4M | Seed | Edtech · Portugal | COREangels Lisboa, Impact Innovation Fund (lead), Caixa Capital (lead), Angels Way, Techstars, COREangels Porto | |
| Pathos AI Clinical-stage drug developer using AI to select therapeutic assets and guide oncology trials. | $237M | Series E | Biotech · United States | Bristol Myers Squibb (lead) | |
| SpectraGaze Systems SpectraGaze Systems develops optical sensors and electro-optical payloads for space and defence applications. | ₹37M | Seed | Space tech · India | GVFL (lead) | |
| Paar Autonomy Paar Autonomy develops AI camera payloads and navigation technology for unmanned systems operating across air, land and maritime environments. | ₹100M | Funding round | Defense tech · India | AdvantEdge Founders (lead) | |
| Yizhu Technology Yizhu Technology designs compute-in-memory chips for AI inference and post-training workloads. | >CN¥1B | Undisclosed | Hardware · China | ||
| Star Therapeutics Biotechnology company discovering and developing antibody therapies for diseases with significant unmet need. | $200M | Private financing | Biotech · United States | OrbiMed (lead), Janus Henderson Investors (lead) | |
| Guoke Brain-Computer Beijing startup developing non-invasive wearable brain-computer interfaces that combine brain-signal detection, decoding and neural modulation. | Undisclosed | Seed | Healthtech · China | Guoke Venture Capital (lead), Houtian Capital, Wanfang Capital | |
| Warhound Warhound develops working dogs for military, law-enforcement and emergency-response teams. | $200M | Seed | Defense tech · United States | Robert Nelsen, In-Q-Tel, Sequoia Capital, Lux Capital, US Innovative Technology Fund (USIT), 8VC, ARK Invest, Franklin Templeton, Builders VC, CAZ Investments, Breyer Capital, Neogenesis | |
| iCUREX Kagoshima medical-device company developing chitosan hydrogel materials for wound care, including the syringe-delivered Kitosla CX dressing. | ¥140M | Series A first close: equity and debt | Healthtech · Japan | INDEP, Green Core, NCB Venture Capital (lead), Japan Finance Corporation | |
| Wictory.ai Wictory.ai brings athlete performance, recovery and nutrition data into coaching workflows. | Undisclosed | Angel investment | Healthtech · Austria | Lukas Mähr | |
| Enact Intelligence Enact Intelligence develops robot intelligence that uses force and touch to improve physical manipulation. | $30M | Pre-seed | Robotics · Switzerland | Andrew Lonsberry, Notion Capital, Thomas Wolf, firstminute capital, Yann LeCun, Arthur Mensch, Redalpine | |
| Phononic Vibes Phononic Vibes designs and manufactures acoustic metamaterial products that reduce noise and vibration in transport, buildings and industrial infrastructure. | Undisclosed | Financing transaction including secondary share purchase | Industrial tech · Italy | Jolt Capital V (lead), SIMEST, CDP Venture Capital, Eureka Venture SGR | |
| EVASIVE Robotics EVASIVE Robotics develops EvaLib, motion-planning software that coordinates multiple industrial robots in a shared workspace across different manufacturers and robot types. | >€2.1M | Pre-seed | Robotics · Germany | XISTA Science Ventures, Vanagon Ventures, Robin Capital, Nucleus Capital (lead) | |
| Marrow Marrow provides infrastructure that connects AI agents with insurers’ pricing, policy and servicing systems. | $2M | Pre-seed | Fintech · United Kingdom | Seed X, Insurtech Gateway (lead), Leo Capital, Portfolio Ventures | |
| Harajuku Tokyo Café Harajuku Tokyo Café operates Japanese restaurants and bakehouses in India. | $3M | Pre-Series A | Consumer · India | Indian Angel Network, Brijesh Parekh Family Office, Rahul Jain, Blume Founders Fund, Zero W (lead), Samved VC | |
| Coast Coast combines payment cards, expense controls and bill payments for businesses with fleets and field teams. | $35M | Undisclosed | Fintech · United States | Intuit Ventures, ICONIQ Growth, Colle Capital, Better Tomorrow Ventures, The Fintech Fund, Alpha Square Group, Accel, Insight Partners, Avid Ventures, RXR Arden Digital Ventures, Vintage Investment Partners, Small World Capital, Thomvest Ventures (lead), Synchrony Ventures | |
| Maxinsights Maxinsights supplies human activity datasets for training robotics and physical AI models. | $30M | Seed round | Robotics · United States | South Park Commons, Tola Capital, Alumni Ventures, Peak XV Partners (lead), INCE Capital | |
| Nirva Consumer technology company developing AI-enabled jewellery for automatic journaling and personal reflection. | $25M | Pre-Series A | Hardware · United States | ||
| Karta AI Karta AI develops voice agents for customer operations at banks, lenders, fintech companies and insurers. | $3M | Seed | AI · India | Cedar Hill Capital (lead), Seedstars, CDM Capital, Wyser, PeerCapital (lead) |