Weekly · Monday, Oct 19 – Sunday, Oct 25, 2026

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 financing

22 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 financing

19 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 financing

The three financing records

Sources

  1. jbfg.com ↗
  2. tractian.com ↗
  3. greptile.com ↗

All rounds in this edition

All funding rounds in this edition
CompanyAmountRoundSector · countryInvestorsDate
NAiSE

NAiSE coordinates robots, forklifts and material movement through software for warehouses and factories.

UndisclosedStrategic stake investmentEnterprise software · GermanyKörber
Cygrid

Cygrid builds identity security software that controls what employees, applications and AI agents can do inside enterprise systems.

€2.7MPre-seedCybersecurity · GermanyBoris Gorin, D11Z, Andreas Bermig, Vlad Tropko, Atlantic (lead)
Chapter Home

Chapter Home builds consumer brands for home furnishings, cookware and other household categories.

₹630MUndisclosedConsumer · IndiaTanmay Bhat, Bessemer Venture Partners, Stride Ventures
Tractian

Industrial asset monitoring company combining sensors and AI to diagnose equipment problems and guide maintenance.

$130MSeries DIndustrial tech · United StatesSapphire Ventures (lead), N47, Endeavor Catalyst, Bosch Ventures, General Catalyst, Monashees, M&G Catalyst (lead), Norte Ventures, 53 Stations, Y Combinator (YC)
RhymeQ

RhymeQ builds software that lets developers write quantum-computing programmes using familiar Python code.

$2.2MPre-seedDeveloper tools · GermanyPlug and Play, Vanagon Ventures, SCE Freiraum Ventures, Ground State Ventures (lead)
Arke Telekom

Arke Telekom develops communications systems for unmanned vehicles and other defence and civilian applications.

€1MUndisclosedDefense tech · TürkiyeACT Venture Partners
hansetherm

hansetherm plans, installs and maintains heat pumps for homeowners in Germany, combining digital project planning with its own installation teams and a network of trade partners.

€10MSeedClimate tech · GermanyOptima Aegidius Group, Konstantin Lennertz, G-FUND, Leon Thomsen
CureBay

CureBay operates a hybrid healthcare network for rural and underserved communities in India.

~₹1BPre-Series CHealthtech · IndiaTrifecta Capital, Bertelsmann India Investments, Elevar Equity, Alteria Capital, VentureSoul Partners, IvyCap Ventures (lead)
Cross Sector

Nikon spinout developing sensors and cloud software to measure steel-column movement and support construction quality control.

UndisclosedSeries AIndustrial tech · JapanAnimal Spirits 26 Fund (lead)
ZUKUTOCHIE

Hakuba tourism company that develops, restores and operates accommodation, restaurants, saunas and other regional visitor businesses.

¥88MStrategic equity investmentTravel tech · JapanOriental Land Innovations
Huixi Technology

Huixi Technology builds chips, computing modules and software that help robot makers deploy embodied AI. Its R1 processor, RISE platform and RhinoVLA model support perception, reasoning and real-time control on physical machines.

UndisclosedSeries BHardware · ChinaBeijing Artificial Intelligence Industry Investment Fund (lead)
Slingshot Insurance

Slingshot Insurance builds software infrastructure for embedded insurance programs sold through business platforms.

$27MSeedFintech · United StatesJim Hays, Skyward Group (lead), Rally Ventures (lead)
Reduck

Reduck provides browser automation tools that let AI agents work with websites lacking dedicated APIs.

$3MPre-seedDeveloper tools · United StatesGalion.exe, Drysdale Ventures, Daphni (lead)
SEGNOS

SEGNOS develops magnetic-particle materials and diagnostic technologies for blood testing.

UndisclosedPre-Series ABiotech · JapanTUAT1号投資事業有限責任組合
RawData

RawData provides software for agricultural producers to manage field workers, operations and productivity.

€1MUndisclosedAgritech · SpainSwanlaab Innvierte Agri Food Tech (lead)
Warp Sciences

Warp Sciences combines chemistry, AI and robotics to help drug discovery teams make and test molecules in the United States.

$215MSeries ABiotech · United StatesMenlo Ventures, Lux Capital, Lightspeed (lead), Premji Invest, Mayfield, IVP
INVE

INVE helps organisations manage invitations, RSVPs and guest relationships across successive events.

$300KPre-seedEnterprise software · Saudi ArabiaOutliers Venture Capital
Beyond Vision

Beyond Vision manufactures drones and develops software for civilian and defence customers.

>€28MUndisclosedDefense tech · PortugalActiveCap, Lince Capital (lead), Indico Capital Partners (lead)
Cognitive Credit

Cognitive Credit provides corporate credit data, financial models and AI analysis tools for investment banks and asset managers.

$40MStrategic growth investmentFintech · United KingdomETFS Capital, Summit Partners (lead)
DeepSeek

DeepSeek develops language and reasoning models, a consumer AI assistant and developer APIs. Its models also power coding and agent tools.

~CN¥105.5BSecond private financingAI · ChinaCATL, IDG Capital, Tencent
QuantrolOx

QuantrolOx builds software that automates the calibration and operation of quantum computers.

€12MSeries ADeveloper tools · FinlandIW Capital (lead), Transpose Capital, EIC Fund
Xona

Xona builds Pulsar, a satellite navigation system for precise and resilient positioning and timing.

$250MSeries DSpace tech · United StatesFuture Ventures (lead)
Indurex

Indurex develops software that connects industrial engineering, safety and cybersecurity data.

€7MUndisclosedCybersecurity · NetherlandsCuriosity VC, Contrarian Ventures (lead), Axeleo Capital
Hausum

Hausum combines professional home inspections with digital tools that document defects and estimate repair costs.

UndisclosedEquity financing and secondary transactionProptech · SpainSpicy4tuna, DIROCA
Huixi Technology

Huixi Technology builds chips, computing modules and software that help robot makers deploy embodied AI. Its R1 processor, RISE platform and RhinoVLA model support perception, reasoning and real-time control on physical machines.

UndisclosedPre-Series B+Hardware · China
BioStack

BioStack builds clinical data pipelines and realistic training environments for healthcare and drug-discovery AI.

$9.5MSeedHealthtech · United StatesSV Angel, Peak XV (lead), Afore Capital (lead), Streamlined Ventures, DCVC (lead), Verdict Capital, Emerson Collective, Y Combinator (YC)
PreScalar

PreScalar helps manufacturers test hardware, deploy firmware and trace individual devices through production using connected test stations and factory software.

$7MSeedIndustrial tech · United StatesBlue Wire Capital, BMW i Ventures (lead), Uplift Ventures, Dynamo Ventures (lead), Antler
Reexen Technology

Reexen Technology develops compute-in-memory chips and systems for AI inference.

UndisclosedEquity financingHardware · China英豪资本, miHoYo, 智微资本, Inno-Chip
Coherence Neuro

Investigational implants and bioelectronic systems for monitoring and treating cancer.

Undisclosed2024 investment disclosed October 2026Healthtech · United StatesXEIA Venture Partners
YGO

AI-ready hotel data and distribution infrastructure for travel companies.

€8MSeries ATravel tech · GermanySake Bosch, Caesar Capital, Ventech (lead)