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 financing29 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 financing26 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 financingThe three financing records
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Two Point O Capital Two Point O Capital helps commercial and industrial businesses finance, install and operate clean energy and water infrastructure. | $10M | Undisclosed | Climate tech · India | Sudhir M Reddy, Omnivore, Chiranjeev Singh Saluja, Transition VC (lead) | |
| GreenVoltis AI software and controllers for renewable energy trading and asset operations. | €13.5M | Series A | Climate tech · Sweden | Lochpine Capital (lead) | |
| OpenAI OpenAI develops AI models and provides ChatGPT and an API platform for individuals, businesses and developers. | ~$11B | Reported initial funding close | AI · United States | ||
| Lupa Lupa connects scientific publications, patents and industry information to help researchers and technical businesses find relevant knowledge and commercial opportunities. | CHF 150K | Venture Kick programme completion | AI · Switzerland | Venture Kick | |
| LIFESCAPES Japanese developer of brain-machine interface rehabilitation devices for people with impaired hand movement. | Undisclosed | Follow-on equity investment | Healthtech · Japan | Canon Marketing Japan MIRAI Fund | |
| Acecore Acecore builds solar battery systems and monitoring software that help Nigerian users manage electricity generation, storage and consumption. | $10K | TC Battlefield prize | Climate tech · Nigeria | ||
| YEAH GELATO YEAH GELATO operates a Chinese gelato-store chain that combines Italian-style ice cream with locally sourced flavours and ingredients. | Undisclosed | First financing | Consumer · China | BA 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. | £2.5M | Undisclosed | Enterprise software · United Kingdom | Creandum, Lakestar | |
| Sichuan Quangutai Lithium sulfide materials for all-solid-state batteries. | Undisclosed | Series A | Industrial tech · China | Future 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. | Undisclosed | Strategic equity investment | Enterprise software · Japan | Resona Holdings | |
| AirMembrane Graphene materials and devices for semiconductor manufacturing and research. | ~¥850M | Equity, debt and grant package | Hardware · Japan | A 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. | Undisclosed | Strategic investment | Media & gaming · Japan | Sockets | |
| Navidyn Limited Navidyn develops underwater robots and inspection software for subsea infrastructure and marine operations. | $2.5K | TC Battlefield prize | Robotics · Nigeria | ||
| Qiroko Qiroko is a Bengaluru fashion accessories brand selling jewellery through its online store and other retail channels. | ₹15M | Pre-seed | Consumer · India | ISV Capital (lead) | |
| AirX Helicopter sightseeing, charter flights and digital air-mobility services. | ¥500M | Debt financing | Mobility · Japan | MUFG Bank, SDF Capital | |
| Supplya Supplya helps Nigerian retailers source inventory from manufacturers and vendors, manage purchases and obtain interest-free financing for stock. | $5K | TC Battlefield prize | Fintech · Nigeria | ||
| Micronity Acquires software businesses and develops their products with AI and shared engineering resources. | ¥500M | Acquisition financing | Enterprise software · Japan | Shizuoka Bank | |
| Pixel Systems Verification infrastructure for detecting AI-generated and manipulated images, video and documents. | $3.1M | Seed | Cybersecurity · Sweden | Unconventional 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. | $7M | Seed | AI · United States | Burst 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. | €850K | Pre-seed | Developer tools · Denmark | Superhero 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. | $17M | Seed | Enterprise software · Belgium | Lakestar, 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. | €22M | Equity and debt financing | Consumer · Germany | JOSS, 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. | ₹50M | Undisclosed | Healthtech · India | Vineeta Singh, Suhas Warad, Avnish Anand, Dhananjay Sangle | |
| Dren Bio Dren Bio develops antibody therapies for cancer, autoimmune conditions and other serious diseases. | $350M | Private financing | Biotech · United States | Aisling 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. | $10.5M | Seed | Biotech · Spain | CDTI (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. | €5M | Pre-seed | Robotics · France | Contrarian 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. | >€500K | Undisclosed | Foodtech · Netherlands | Jeroen Lubbers, 4impact capital | |
| Engitist Engitist designs and manufactures optical metrology and inspection equipment for semiconductor fabrication and advanced packaging. | Undisclosed | Strategic financing | Hardware · China | GP Hi-Tech Capital, China Fortune-Tech Capital, Chaoyue Venture Capital, Stony Creek Capital, Yibai Kechuang | |
| Kalshi Offers prediction markets on real-world events | $1B | Series G | Fintech · United States | Stripes, 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. | $20M | Undisclosed | AI · Unknown | Greylock Partners, Forerunner (lead) |