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 |
|---|---|---|---|---|---|
| NAiSE NAiSE coordinates robots, forklifts and material movement through software for warehouses and factories. | Undisclosed | Strategic stake investment | Enterprise software · Germany | Körber | |
| Cygrid Cygrid builds identity security software that controls what employees, applications and AI agents can do inside enterprise systems. | €2.7M | Pre-seed | Cybersecurity · Germany | Boris Gorin, D11Z, Andreas Bermig, Vlad Tropko, Atlantic (lead) | |
| Chapter Home Chapter Home builds consumer brands for home furnishings, cookware and other household categories. | ₹630M | Undisclosed | Consumer · India | Tanmay Bhat, Bessemer Venture Partners, Stride Ventures | |
| Tractian Industrial asset monitoring company combining sensors and AI to diagnose equipment problems and guide maintenance. | $130M | Series D | Industrial tech · United States | Sapphire 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. | $2.2M | Pre-seed | Developer tools · Germany | Plug 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. | €1M | Undisclosed | Defense tech · Türkiye | ACT 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. | €10M | Seed | Climate tech · Germany | Optima Aegidius Group, Konstantin Lennertz, G-FUND, Leon Thomsen | |
| CureBay CureBay operates a hybrid healthcare network for rural and underserved communities in India. | ~₹1B | Pre-Series C | Healthtech · India | Trifecta 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. | Undisclosed | Series A | Industrial tech · Japan | Animal Spirits 26 Fund (lead) | |
| ZUKUTOCHIE Hakuba tourism company that develops, restores and operates accommodation, restaurants, saunas and other regional visitor businesses. | ¥88M | Strategic equity investment | Travel tech · Japan | Oriental 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. | Undisclosed | Series B | Hardware · China | Beijing Artificial Intelligence Industry Investment Fund (lead) | |
| Slingshot Insurance Slingshot Insurance builds software infrastructure for embedded insurance programs sold through business platforms. | $27M | Seed | Fintech · United States | Jim Hays, Skyward Group (lead), Rally Ventures (lead) | |
| Reduck Reduck provides browser automation tools that let AI agents work with websites lacking dedicated APIs. | $3M | Pre-seed | Developer tools · United States | Galion.exe, Drysdale Ventures, Daphni (lead) | |
| SEGNOS SEGNOS develops magnetic-particle materials and diagnostic technologies for blood testing. | Undisclosed | Pre-Series A | Biotech · Japan | TUAT1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. | €1M | Undisclosed | Agritech · Spain | Swanlaab 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. | $215M | Series A | Biotech · United States | Menlo Ventures, Lux Capital, Lightspeed (lead), Premji Invest, Mayfield, IVP | |
| INVE INVE helps organisations manage invitations, RSVPs and guest relationships across successive events. | $300K | Pre-seed | Enterprise software · Saudi Arabia | Outliers Venture Capital | |
| Beyond Vision Beyond Vision manufactures drones and develops software for civilian and defence customers. | >€28M | Undisclosed | Defense tech · Portugal | ActiveCap, 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. | $40M | Strategic growth investment | Fintech · United Kingdom | ETFS 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¥105.5B | Second private financing | AI · China | CATL, IDG Capital, Tencent | |
| QuantrolOx QuantrolOx builds software that automates the calibration and operation of quantum computers. | €12M | Series A | Developer tools · Finland | IW Capital (lead), Transpose Capital, EIC Fund | |
| Xona Xona builds Pulsar, a satellite navigation system for precise and resilient positioning and timing. | $250M | Series D | Space tech · United States | Future Ventures (lead) | |
| Indurex Indurex develops software that connects industrial engineering, safety and cybersecurity data. | €7M | Undisclosed | Cybersecurity · Netherlands | Curiosity VC, Contrarian Ventures (lead), Axeleo Capital | |
| Hausum Hausum combines professional home inspections with digital tools that document defects and estimate repair costs. | Undisclosed | Equity financing and secondary transaction | Proptech · Spain | Spicy4tuna, 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. | Undisclosed | Pre-Series B+ | Hardware · China | ||
| BioStack BioStack builds clinical data pipelines and realistic training environments for healthcare and drug-discovery AI. | $9.5M | Seed | Healthtech · United States | SV 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. | $7M | Seed | Industrial tech · United States | Blue 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. | Undisclosed | Equity financing | Hardware · China | 英豪资本, miHoYo, 智微资本, Inno-Chip | |
| Coherence Neuro Investigational implants and bioelectronic systems for monitoring and treating cancer. | Undisclosed | 2024 investment disclosed October 2026 | Healthtech · United States | XEIA Venture Partners | |
| YGO AI-ready hotel data and distribution infrastructure for travel companies. | €8M | Series A | Travel tech · Germany | Sake Bosch, Caesar Capital, Ventech (lead) |