Weekly · Monday, Oct 26 – Sunday, Nov 1, 2026

Weekly funding picks, 26 October–1 November: chips, GPU loans and aircraft testing

Three deals from 26 October–1 November: FuriosaAI’s $620m Series D, NexGen Cloud’s $106m GPU loan and Nominal’s $41.2m government funding selection.

FuriosaAI announced a $620 million Series D on October 28 at a $2.9 billion post-money valuation. Its RNGD inference accelerator is in mass production. The company plans 20,000 cards in 2026 and says it has secured memory and fabrication capacity to more than double that volume in 2027. The financing supports enterprise deployment and future products.

FuriosaAI financing

29 October · NexGen Cloud closes a $106m GPU loan

USD.AI led a four-year, $106 million senior secured term loan for NexGen Cloud, announced on October 29. It finances 216 NVIDIA HGX B300 servers, comprising 1,728 GPUs, in Finland. The lender says the capacity is contracted under a take-or-pay agreement. Escrow funding is aligned with server shipment, expected in the fourth quarter of 2026.

NexGen Cloud financing

26 October · Nominal selected for $41.2m in government funding

Nominal announced selection on October 26 for a $71.2 million STRATFI package comprising $41.2 million of government funding and $30 million of private matching capital. The government component is shown in the linked round. The package supports software that captures, organises and analyses aircraft testing and telemetry data across Air Force and Navy programmes.

Nominal financing

The three financing records

Sources

  1. furiosa.ai ↗
  2. prnewswire.com ↗
  3. nominal.io ↗

All rounds in this edition

All funding rounds in this edition
CompanyAmountRoundSector · countryInvestorsDate
Two Point O Capital

Two Point O Capital helps commercial and industrial businesses finance, install and operate clean energy and water infrastructure.

$10MUndisclosedClimate tech · IndiaSudhir M Reddy, Omnivore, Chiranjeev Singh Saluja, Transition VC (lead)
GreenVoltis

AI software and controllers for renewable energy trading and asset operations.

€13.5MSeries AClimate tech · SwedenLochpine Capital (lead)
OpenAI

OpenAI develops AI models and provides ChatGPT and an API platform for individuals, businesses and developers.

~$11BReported initial funding closeAI · United States
Lupa

Lupa connects scientific publications, patents and industry information to help researchers and technical businesses find relevant knowledge and commercial opportunities.

CHF 150KVenture Kick programme completionAI · SwitzerlandVenture Kick
LIFESCAPES

Japanese developer of brain-machine interface rehabilitation devices for people with impaired hand movement.

UndisclosedFollow-on equity investmentHealthtech · JapanCanon Marketing Japan MIRAI Fund
Acecore

Acecore builds solar battery systems and monitoring software that help Nigerian users manage electricity generation, storage and consumption.

$10KTC Battlefield prizeClimate tech · Nigeria
YEAH GELATO

YEAH GELATO operates a Chinese gelato-store chain that combines Italian-style ice cream with locally sourced flavours and ingredients.

UndisclosedFirst financingConsumer · ChinaBA Capital
Ares Intelligence

Ares Intelligence helps enterprises decide where to apply AI by interviewing employees about their work and turning those conversations into a prioritised adoption plan.

£2.5MUndisclosedEnterprise software · United KingdomCreandum, Lakestar
Sichuan Quangutai

Lithium sulfide materials for all-solid-state batteries.

UndisclosedSeries AIndustrial tech · ChinaFuture Capital (lead), Hongrong Capital (lead), Tianhong Investment, Xingxiang Kechuang, Inno Angel Fund
TradeWaltz

TradeWaltz provides a shared digital platform for importers, exporters, logistics companies and financial institutions to exchange trade information.

UndisclosedStrategic equity investmentEnterprise software · JapanResona Holdings
AirMembrane

Graphene materials and devices for semiconductor manufacturing and research.

~¥850MEquity, debt and grant packageHardware · JapanA Start, NEDO, TAKANAWA GATEWAY Global Co-Benefits Fund L.P., Global Brain Flagship Fund IX (lead), Mitsubishi UFJ Capital No. 9 Fund, NextG Fund, Shinhan-GB FutureFlow Fund L.P., Sumitomo Mitsui Banking
Music Cracker

Music Cracker supports the discovery, development and international expansion of emerging artists through artist support and agency services.

UndisclosedStrategic investmentMedia & gaming · JapanSockets
Navidyn Limited

Navidyn develops underwater robots and inspection software for subsea infrastructure and marine operations.

$2.5KTC Battlefield prizeRobotics · Nigeria
Qiroko

Qiroko is a Bengaluru fashion accessories brand selling jewellery through its online store and other retail channels.

₹15MPre-seedConsumer · IndiaISV Capital (lead)
AirX

Helicopter sightseeing, charter flights and digital air-mobility services.

¥500MDebt financingMobility · JapanMUFG Bank, SDF Capital
Supplya

Supplya helps Nigerian retailers source inventory from manufacturers and vendors, manage purchases and obtain interest-free financing for stock.

$5KTC Battlefield prizeFintech · Nigeria
Micronity

Acquires software businesses and develops their products with AI and shared engineering resources.

¥500MAcquisition financingEnterprise software · JapanShizuoka Bank
Pixel Systems

Verification infrastructure for detecting AI-generated and manipulated images, video and documents.

$3.1MSeedCybersecurity · SwedenUnconventional Ventures (lead)
Mintive

Mintive gives enterprise AI agents governed access to tools, models and company data, with individual credentials and an audit trail for each action.

$7MSeedAI · United StatesBurst Capital, Maven Ventures, Scott Belsky, Operator Collective, Michael Grinich, Jeff Dean, Hustle Fund, Frederic Kerrest, Coatue, Cowboy Ventures (lead), Andrej Karpathy
KineDB

KineDB builds a database engine for cloud infrastructure and offline devices, with replication and data history built into the same system.

€850KPre-seedDeveloper tools · DenmarkSuperhero Capital (lead), Jussi Pyörre, Kristoffer Abell, Jakob Lilholm, NGL Ventures
Ravical

Ravical builds an AI platform that turns an accounting firm’s expertise into shared workflows across its client base.

$17MSeedEnterprise software · BelgiumLakestar, Shapers, Pitchdrive, MMC Ventures (lead)
StrollMe

StrollMe rents children’s bikes, strollers, car seats and accessories through flexible subscriptions, refurbishing returned products for further use.

€22MEquity and debt financingConsumer · GermanyJOSS, Hanse Ventures, HGDF, Kristina Schreiner, Hessen Kapital I, Growth Credit Partners
Docterz

Docterz provides clinic software for patient records, appointments, billing, vaccination management and communication between doctors and patients.

₹50MUndisclosedHealthtech · IndiaVineeta Singh, Suhas Warad, Avnish Anand, Dhananjay Sangle
Dren Bio

Dren Bio develops antibody therapies for cancer, autoimmune conditions and other serious diseases.

$350MPrivate financingBiotech · United StatesAisling Capital, Taiho Ventures, Lightspeed (lead), SR One, 8VC, Mirae Asset Capital Life Science, HBM Healthcare Investments, Mission BioCapital, BVF Partners, Cormorant Asset Management, ArrowMark Partners, General Catalyst, Juvia Group (lead), OrbiMed
ALLOX

ALLOX combines high-throughput genetics, experimental biology and AI to find functional sites on proteins and develop targeted small-molecule medicines.

$10.5MSeedBiotech · SpainCDTI (SICC Innvierte), Institut Català de Finances, Asabys (Sabadell Asabys II) (lead)
Bleu Robotics

Bleu Robotics develops AI software that teaches humanoid robots and industrial arms to perform factory tasks from a small number of demonstrations.

€5MPre-seedRobotics · FranceContrarian Ventures (lead), OVNI Capital (lead)
FLTRD

FLTRD helps shoppers compare how processed grocery products are, using a barcode scanner and its PureScore rating to suggest alternatives.

>€500KUndisclosedFoodtech · NetherlandsJeroen Lubbers, 4impact capital
Engitist

Engitist designs and manufactures optical metrology and inspection equipment for semiconductor fabrication and advanced packaging.

UndisclosedStrategic financingHardware · ChinaGP Hi-Tech Capital, China Fortune-Tech Capital, Chaoyue Venture Capital, Stony Creek Capital, Yibai Kechuang
Kalshi

Offers prediction markets on real-world events

$1BSeries GFintech · United StatesStripes, Sequoia Global Equities, Sequoia Capital (lead), Morgan Stanley Investment Management, CapitalG, Hudson River Trading, Balyasny Asset Management, Andreessen Horowitz (a16z), Baillie Gifford, Layer Global, Wellington Management (lead), Coatue
SuperMe

A professional knowledge network where people ask questions of AI profiles built from real experts’ experience.

$20MUndisclosedAI · UnknownGreylock Partners, Forerunner (lead)