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
Coherence Quantum

Cryogenic signalling and control hardware for quantum-computer builders.

€2.8MSeedHardware · FinlandLifeline Ventures (lead), Mårten Mickos
Wuyuan Technology

Wuyuan Technology develops AI world models that incorporate physical behaviour.

UndisclosedRegistered equity investmentAI · ChinaHongShan, Ant Group
Skyfly

Skyfly develops electric and hybrid-electric aircraft for private flight and unmanned missions.

$10MSeedMobility · United KingdomArchangel Ventures, HICO Investment Group (lead)
CHAOS

CHAOS provides a shared workspace for music creators to communicate, exchange files and collaborate on projects.

£1MPre-seedMedia & gaming · United KingdomAmuse, Bridford Group (lead)
Qualitate

Expert interviews and AI research tools for enterprise and investment decisions.

$25MSeries AAI · United StatesIA Ventures, Insight Partners (lead), Crew Capital
Monogatari Unyu

Monogatari Unyu develops Japanese craft products and brands for international customers through ecommerce, marketing and sales.

UndisclosedStrategic investmentEcommerce · JapanJiji Press
Vectorial

Behaviour-simulation software that lets product and marketing teams test ideas with modelled audiences.

$3MSeedAI · United StatesUC Berkeley SkyDeck, Smilegate, Dent Capital, SenseAI Ventures (lead)
Ganiga

Computer vision and robotic systems that help operators measure and reduce waste.

€1MSmartStart support disclosed October 2026Climate tech · Italy
LINK & e

Tokyo entertainment company that plans, develops and produces games, virtual music performances and digital content.

UndisclosedStrategic investmentMedia & gaming · JapanCafeGroup
FlamAid

FlamAid combines a personal alarm device with mobile location alerts and optional emergency monitoring.

€1MSecond funding roundConsumer · SpainJosé Avillez, Ilia Topuria
AVEA

AVEA develops and sells nutritional supplements and skincare products focused on healthy ageing.

UndisclosedStrategic equity investmentHealthtech · SwitzerlandLara Gut-Behrami
Upstage

Upstage builds language models and document intelligence software for enterprise workflows.

₩40BSeries C-2 first trancheAI · South KoreaJeonbuk Bank (lead), Kwangju Bank (lead), JB Woori Capital (lead)
Daytona

Provides infrastructure for AI agents with programmatic composable computers

$60MSeries BDeveloper tools · United StatesFirstMark (lead), Torch Capital, e2vc, Evergreen Fund, Tobi Lütke, Brendan Foody, Okta Ventures, Aravind Srinivas, Qualcomm Ventures, Samsung Next, Olivier Pomel, Upfront Ventures, Eric Yuan, Alumni Ventures, Patrick Collison, Pace Capital, Adam D'Angelo
Blackwall

Blackwall supplies web security and traffic management software to hosting, cloud and managed service providers.

$100MSeries CCybersecurity · EstoniaDawn Capital, AVP (lead), Tera Ventures, MMC Ventures
Teraform

Teraform develops SuperSponge, a soil water-retention material designed to help crops grow with less irrigation.

UndisclosedUndisclosed venture investmentAgritech · JapanHokkaido University Green Frontier Fund No. 1 Investment Limited Partnership
traceless materials

traceless materials develops natural-polymer materials from agricultural residues for packaging and industrial manufacturing.

UndisclosedSelected for grant agreement preparationClimate tech · GermanyEU Innovation Fund
ChainCraft

ChainCraft produces circular fatty acids from organic residues for chemical and agri-food applications.

UndisclosedSelected for grant agreement preparationClimate tech · NetherlandsEU Innovation Fund
URALAA

URALAA develops immersive live entertainment that brings sports, music and other events into shared viewing spaces.

¥40MPre-Series A extensionMedia & gaming · JapanBlue Lab Fund
Even Healthcare

Even Healthcare combines hospital care, care coordination and digital follow-up for patients in India.

$50MSeries BHealthtech · IndiaKhosla Ventures (lead), Alpha Wave
Tenstorrent

Tenstorrent builds AI processors, computing systems and licensable chip designs for developers, enterprises and infrastructure operators.

$1.5BSeries EAI · United StatesBrett Barna, Agostinelli Group, Protagonist, Cadence Ventures, Troluce Capital, Sandisk, Tether Investments, XTX Markets, ARK Invest, Trace Capital (lead), T. Rowe Price, Virtu Financial, Eclipse, Innovation X (lead), Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley
MemSilicon

MemSilicon develops memory and processing technology for large-model inference.

>CN¥400MSeries AHardware · China兆易创新, 创领资本, miHoYo, Bosch Ventures, Beijing Shunxi, Guokai Kechuang, 恒裕资本, 中关村科学城公司, CASSTAR, 博原资本 (lead), Xiaomi, 复容投资, Jinqiu Capital
ENOSIS

ENOSIS develops biological methanation equipment for renewable-gas production.

UndisclosedSelected for grant agreement preparationClimate tech · FranceEU Innovation Fund
Tolan

Tolan develops a voice-first AI companion that remembers conversations and helps people organize everyday life.

$30MUndisclosedAI · United StatesUnion Square Ventures (lead), Khosla Ventures, Homebrew
CockPit Holdings

CockPit Holdings provides sales staffing, referral recruitment and hiring support through a Japanese HR services group.

UndisclosedGroup debt financingBusiness services · Japan
Vessla

Vessla connects property-management software, documents and communications so AI agents and people can coordinate work across a building portfolio.

$3.3MPre-seedProptech · SwedenLukas Saari, Tiny VC, Seedcamp (lead), Inception Fund, Fredrik Hjelm
Z_One Fund

Z_One Fund is an Italian pre-seed and seed investor focused on AI applications and UrbanTech.

>€35MFund first closeBusiness services · ItalyFondo Acceleratori II, Fondazione Compagnia di San Paolo, Zest
Additive Drives

Additive Drives develops and manufactures customised electric motors for industrial customers.

UndisclosedSelected for grant agreement preparationClimate tech · GermanyEU Innovation Fund
iwoca

iwoca provides flexible business credit to small and medium-sized companies in the United Kingdom and Germany.

≤€185MGerman SME lending credit facilityFintech · United KingdomABN Amro, Neuberger Berman
XRlabs

Surgical planning and operating-room software that combines patient anatomy with data from existing devices.

$8.4MSeedHealthtech · United KingdomPlayground Global (lead), Eka Ventures
HoloSolis

HoloSolis is developing a French factory for photovoltaic cells and modules.

UndisclosedSelected for grant agreement preparationClimate tech · FranceEU Innovation Fund