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 |
|---|---|---|---|---|---|
| Coherence Quantum Cryogenic signalling and control hardware for quantum-computer builders. | €2.8M | Seed | Hardware · Finland | Lifeline Ventures (lead), Mårten Mickos | |
| Wuyuan Technology Wuyuan Technology develops AI world models that incorporate physical behaviour. | Undisclosed | Registered equity investment | AI · China | HongShan, Ant Group | |
| Skyfly Skyfly develops electric and hybrid-electric aircraft for private flight and unmanned missions. | $10M | Seed | Mobility · United Kingdom | Archangel Ventures, HICO Investment Group (lead) | |
| CHAOS CHAOS provides a shared workspace for music creators to communicate, exchange files and collaborate on projects. | £1M | Pre-seed | Media & gaming · United Kingdom | Amuse, Bridford Group (lead) | |
| Qualitate Expert interviews and AI research tools for enterprise and investment decisions. | $25M | Series A | AI · United States | IA Ventures, Insight Partners (lead), Crew Capital | |
| Monogatari Unyu Monogatari Unyu develops Japanese craft products and brands for international customers through ecommerce, marketing and sales. | Undisclosed | Strategic investment | Ecommerce · Japan | Jiji Press | |
| Vectorial Behaviour-simulation software that lets product and marketing teams test ideas with modelled audiences. | $3M | Seed | AI · United States | UC Berkeley SkyDeck, Smilegate, Dent Capital, SenseAI Ventures (lead) | |
| Ganiga Computer vision and robotic systems that help operators measure and reduce waste. | €1M | SmartStart support disclosed October 2026 | Climate tech · Italy | ||
| LINK & e Tokyo entertainment company that plans, develops and produces games, virtual music performances and digital content. | Undisclosed | Strategic investment | Media & gaming · Japan | CafeGroup | |
| FlamAid FlamAid combines a personal alarm device with mobile location alerts and optional emergency monitoring. | €1M | Second funding round | Consumer · Spain | José Avillez, Ilia Topuria | |
| AVEA AVEA develops and sells nutritional supplements and skincare products focused on healthy ageing. | Undisclosed | Strategic equity investment | Healthtech · Switzerland | Lara Gut-Behrami | |
| Upstage Upstage builds language models and document intelligence software for enterprise workflows. | ₩40B | Series C-2 first tranche | AI · South Korea | Jeonbuk Bank (lead), Kwangju Bank (lead), JB Woori Capital (lead) | |
| Daytona Provides infrastructure for AI agents with programmatic composable computers | $60M | Series B | Developer tools · United States | FirstMark (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. | $100M | Series C | Cybersecurity · Estonia | Dawn Capital, AVP (lead), Tera Ventures, MMC Ventures | |
| Teraform Teraform develops SuperSponge, a soil water-retention material designed to help crops grow with less irrigation. | Undisclosed | Undisclosed venture investment | Agritech · Japan | Hokkaido 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. | Undisclosed | Selected for grant agreement preparation | Climate tech · Germany | EU Innovation Fund | |
| ChainCraft ChainCraft produces circular fatty acids from organic residues for chemical and agri-food applications. | Undisclosed | Selected for grant agreement preparation | Climate tech · Netherlands | EU Innovation Fund | |
| URALAA URALAA develops immersive live entertainment that brings sports, music and other events into shared viewing spaces. | ¥40M | Pre-Series A extension | Media & gaming · Japan | Blue Lab Fund | |
| Even Healthcare Even Healthcare combines hospital care, care coordination and digital follow-up for patients in India. | $50M | Series B | Healthtech · India | Khosla Ventures (lead), Alpha Wave | |
| Tenstorrent Tenstorrent builds AI processors, computing systems and licensable chip designs for developers, enterprises and infrastructure operators. | $1.5B | Series E | AI · United States | Brett 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¥400M | Series A | Hardware · 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. | Undisclosed | Selected for grant agreement preparation | Climate tech · France | EU Innovation Fund | |
| Tolan Tolan develops a voice-first AI companion that remembers conversations and helps people organize everyday life. | $30M | Undisclosed | AI · United States | Union Square Ventures (lead), Khosla Ventures, Homebrew | |
| CockPit Holdings CockPit Holdings provides sales staffing, referral recruitment and hiring support through a Japanese HR services group. | Undisclosed | Group debt financing | Business services · Japan | ||
| Vessla Vessla connects property-management software, documents and communications so AI agents and people can coordinate work across a building portfolio. | $3.3M | Pre-seed | Proptech · Sweden | Lukas 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. | >€35M | Fund first close | Business services · Italy | Fondo Acceleratori II, Fondazione Compagnia di San Paolo, Zest | |
| Additive Drives Additive Drives develops and manufactures customised electric motors for industrial customers. | Undisclosed | Selected for grant agreement preparation | Climate tech · Germany | EU Innovation Fund | |
| iwoca iwoca provides flexible business credit to small and medium-sized companies in the United Kingdom and Germany. | ≤€185M | German SME lending credit facility | Fintech · United Kingdom | ABN Amro, Neuberger Berman | |
| XRlabs Surgical planning and operating-room software that combines patient anatomy with data from existing devices. | $8.4M | Seed | Healthtech · United Kingdom | Playground Global (lead), Eka Ventures | |
| HoloSolis HoloSolis is developing a French factory for photovoltaic cells and modules. | Undisclosed | Selected for grant agreement preparation | Climate tech · France | EU Innovation Fund |