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 |
|---|---|---|---|---|---|
| Finbee Verslui Finbee Verslui provides working capital and business loans to small and medium-sized companies in Lithuania. | €20M | Senior secured credit facility extension | Fintech · Lithuania | Pollen Street Capital | |
| Onto A hotel booking platform that monitors eligible reservations and refunds subsequent price drops. | $1M | Pre-seed | Travel tech · India | White Venture Capital, Stargazer Fund (lead) | |
| Hyperlayer Hyperlayer provides banking software that lets financial institutions launch services while retaining their existing core systems. | £19.5M | Series A2 | Fintech · United Kingdom | Flintlock Capital (lead), Susquehanna Private Equity Investments, Mouro Capital | |
| Today AI Today AI develops a personal assistant that uses memory and context to help users organise information and complete tasks. | Undisclosed | Series A | AI · China | Transsion Holdings | |
| ugo ugo develops service robots and software for security patrols, inspections and other work in physical environments. | ¥1B | Debt financing | Robotics · Japan | Bank of Yokohama, Mizuho Bank, Ltd., Japan Finance Corporation | |
| Arda Industries AI software that turns product designs into assembly plans and keeps manufacturing lines current as designs change. | $72M | Previously undisclosed seed | Industrial tech · United States | Khosla Ventures, Founders Fund (lead), Accel (lead), XYZ Venture Capital | |
| Reliable Robotics Reliable Robotics develops aircraft automation systems for commercial and defense aviation. | $115M | Series D extension | Mobility · United States | Nimble Partners (lead), Gideon Strategic Partners, Silicon Valley Bank, Gold Hill Capital, Sparkwave Capital, Geek Ventures, RockCreek | |
| Eka Robotics Eka Robotics develops force-aware robotic manipulation using a Vision-Force-Action model and integrated sensing hardware. | $150M | Series A | Robotics · United States | F-Prime (lead), Andreessen Horowitz (a16z) (lead) | |
| AuxoAI Enterprise AI delivery that combines embedded engineering teams with a workbench for business context and workflows. | $20.7M | Series A | Enterprise software · United States | Giacomo Sonnino, George Still Jr., NTTVC (lead), Amit Zavery | |
| Kinish Rice-based dairy alternatives and plant molecular-farming technology. | ¥490M | Series A first close | Foodtech · Japan | INSPiRE Mutualistic Symbiosis Fund 1, Obayashi Corporation, Love Veggies Holding Ltd., Shimadzu Future Innovation Fund | |
| Sunnies Sunnies develops Privaco, a password, access and AI workforce governance platform. | ¥50M | Seed | Cybersecurity · Japan | Hiroshima Venture Capital Co., Ltd., HAKOBUNE | |
| InhalPlus InhalPlus develops an inhaled drug-delivery system for premature babies receiving breathing support, aiming to deliver more of a medicine to the lungs. | €500K | Pre-seed | Healthtech · Germany | NBank Capital | |
| Plinto AI agents that check financial transactions and coordinate corrections across business systems. | €2.9M | Pre-seed | Enterprise software · Denmark | Emblem, People Ventures | |
| Ganiga Computer vision and robotic systems that help operators measure and reduce waste. | €1.5M | Undisclosed | Climate tech · Italy | Vivenda (lead), NextSTEP | |
| Kansai Your Innovation Partner Kansai Your Innovation Partner supports eco-plastic product development and factory automation. | Undisclosed | Investment | Industrial tech · Japan | Osaka Regional Revitalisation Fund | |
| Arda Industries AI software that turns product designs into assembly plans and keeps manufacturing lines current as designs change. | $160M | Series A | Industrial tech · United States | SV Angel, Khosla Ventures (lead), 8VC, Accel (lead), Felicis, XYZ Venture Capital, Altimeter (lead) | |
| Leasingim Leasingim helps businesses arrange machinery and equipment leasing through one digital application. | Undisclosed | Equity investment | Fintech · Türkiye | Insha Venture Capital Investment Fund | |
| Electric Plant Builds sensors and AI models that turn plants’ electrical signals into guidance for growers and tree-care operators. | $11.2M | Seed | Agritech · United States | Onto Ventures (lead), Endeavor Catalyst, Climactic (lead), Michigan Rise, Ponderosa Ventures, Schox VC, Ludlow Ventures, Dug Song, Everywhere Ventures | |
| Baba Coordinates healthcare for Medicare members through dedicated advocates and licensed therapists supported by specialized AI. | $40M | Series A | Healthtech · United States | CVS Health Ventures, FirstMark (lead), Genius Ventures, Ground Up Ventures, Valtruis, General Catalyst | |
| Welby Healthcare Solutions Welby Healthcare Solutions develops personal health record services and partnerships for lifestyle-disease prevention and care. | Undisclosed | Planned strategic equity investment | Healthtech · Japan | TISI | |
| Otter.ai Otter.ai provides AI meeting transcription, searchable conversation knowledge and workflow assistance for teams. | $320M | Non-dilutive growth financing | Enterprise software · United States | General Catalyst's Customer Value Fund (CVF) | |
| Helicon Automates carbon-fiber textile handling to produce composite parts for drones and other unmanned systems. | $16.5M | Seed | Defense tech · United States | Jan Ebbinghaus, Tim Sadler, Transpose Platform, Buckley Ventures, Shyamal Hitesh Anadkat, Eileen Tanghal, Chalfen Ventures, Oliver Åstrand, Hugh Zabriskie, AlleyCorp (lead), Jeffrey Pfeffer, Pablo Palafox, Entrepreneurs First, Lucas Vaz, Jonathan Low, Charlie Songhurst, Gokul Rajaram, Dafydd Foster Davis, Fredrik Hjelm, Charles Calzia | |
| Emerald Preventive healthcare combining blood testing, a health-data platform and GP support. | £1.4M | Grant and venture funding | Healthtech · United Kingdom | Highgoal, Sequel, Innovate UK | |
| ASI AI software for predicting and coordinating operations across aviation, energy grids and national security. | $325M | Series C | AI · United States | Energy Impact Partners, Meritech Capital, Andreessen Horowitz (a16z), Craft Ventures, Spark Capital (lead) | |
| ArtMaster ArtMaster develops music-learning products, including the Artie app that gives piano learners feedback while they practise. | $2.4M | Seed | Edtech · Czech Republic | Grant Davis, Eliska Vorel, Nir Zicherman, Factorial Capital, Moises, Reflex Capital | |
| CapQuest CapQuest provides equity management software for cap tables, employee share plans, vesting and investor relations. | $1M | Pre-seed | Fintech · United Arab Emirates | Oraseya Capital (lead), AMKM Family Office (lead) | |
| Lumilab Lumilab uses AI agents and shared operational data to help teams run energy infrastructure. | Undisclosed | Pre-seed | Climate tech · Denmark | Giant Ventures (lead), Thomas Skov Reunert, Tommy Ahlers, Nicolaj Reffstrup | |
| Different Runs AI demand generation for lean B2B marketing teams, connecting campaign planning, content, channel execution and optimization. | $48M | Seed | Enterprise software · United States | Lightspeed, General Catalyst (lead) | |
| TimeLeap TimeLeap provides RURA, a remote customer-service system for businesses operating multiple physical locations. | Undisclosed | Signed capital and business alliance | Enterprise software · Japan | ||
| Databuddy Analytics Databuddy Analytics provides product analytics and an AI analyst that helps software teams investigate conversion drops, errors and customer friction. | $500K | Seed | Enterprise software · United States | Y Combinator (YC) |