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 |
|---|---|---|---|---|---|
| Wabi Wabi develops a shared AI assistant that organizes tasks into conversations and creates personal apps for individuals and groups. | $55M | Undisclosed | AI · United States | Marc Benioff, Alex Pall, Alexa Fund, Forerunner, Tobi Lütke, Marissa Mayer, Dick Costolo, Andreessen Horowitz (a16z), IVP (lead) | |
| Jagruti Rehabilitation Centre Jagruti Rehabilitation Centre operates residential facilities for mental healthcare, addiction treatment and dementia care across India. | ₹280M | Series A | Healthtech · India | Alkemi Growth Capital (lead) | |
| Entourage Fund II Entourage Fund II backs early-stage software, AI, robotics and deeptech companies, with capital reserved for follow-on rounds. | €100M | Fund II final close | Business services · Undisclosed | ||
| FitnessKPI FitnessKPI provides a business-intelligence platform for fitness operators, combining data from club systems with benchmarking and an AI assistant to help managers identify priorities. | €1.3M | Funding round | Enterprise software · Spain | Angels Capital (lead), Encomenda Seed II (lead) | |
| NexGen Cloud NexGen Cloud provides GPU computing infrastructure for AI training, inference and enterprise workloads. | $106M | Senior secured term loan | AI · United Kingdom | USD.AI (lead), Silver Point Capital, Victory Park Capital | |
| Dream AI models that turn building requirements into coordinated architectural and engineering plans. | $17M | Seed | Proptech · United States | SV Angel, Zigg Capital, Andreessen Horowitz (a16z) (lead), XYZ | |
| Green Growth Green Growth develops and operates renewable-energy projects and improves the economics of solar power plants through battery storage and electricity trading. | ~¥500M | Seed equity and debt | Climate tech · Japan | Dogan MGX Fund, ANRI Fund 6 (lead), Resona Bank, Ltd., Yusuke Toyoda, Japan Finance Corporation | |
| 矩侨工业 矩侨工业 develops fabric-based electronic skin and tactile sensors for robot learning, robotic surfaces, furniture and care monitoring. | ~CN¥100M | Series A | Robotics · China | 青岛和信, 威海港融, 零以创投, Ant Group (lead) | |
| Coratia Technologies Coratia Technologies builds underwater robotic systems and provides inspection services for defence, energy and critical infrastructure operators. | ₹180M | Bridge | Robotics · India | MGF-Kavachh (MountTech Growth Fund) (lead) | |
| Venttup Venttup connects industrial customers with engineering and manufacturing services to develop, localise and source components from India. | $3M | Pre-Series A | Industrial tech · India | Rainmatter (lead), Unicorn India Ventures (lead) | |
| Braid Braid provides mobile connectivity infrastructure that lets enterprises embed SIM and eSIM services in their products or launch branded storefronts. | $38M | Series A | Enterprise software · Netherlands | Octopus Ventures (lead), KPN Ventures | |
| MuRay MuRay develops active muon imaging to inspect dense industrial components without cutting them apart. | €7.1M | Private funding and public grants | Industrial tech · Germany | Nordic Science Investments, Caelora (lead), Mätch VC, Tiny VC, First Momentum Ventures (lead), Arcas VC, Superangel | |
| Group14 Technologies Group14 Technologies manufactures silicon battery materials for battery and device makers. | €150M | Series D extension | Climate tech · United States | ||
| BY Venture Partners Fund III An early-stage venture fund managed by BY Venture Partners, backing AI-native companies across international markets. | $60M | Fund III final close | Business services · Undisclosed | Dubai Future District Fund (lead), Transmed Capital, Idriss Family Office, Multi Lane | |
| Viridian Ingni Propulsion Viridian Ingni Propulsion develops electric motors and controllers using rare-earth-free and magnet-free technologies for vehicle manufacturers. | ₹14.7M | Pre-seed | Industrial tech · India | Inflection Point Ventures (lead) | |
| Serval Enterprise service management and AI agents that turn business requirements into governed automations. | $150M | Series C | Enterprise software · United States | Tenacity Capital, Evantic Capital, First Round Capital, Sequoia Capital (lead), Conviction, Headline, Redpoint, General Catalyst, Elad Gil | |
| YK-Robotics YK-Robotics develops YK-Platform, software that helps manufacturers and integrators coordinate robotic cells and generate tasks through natural-language instructions. | €1M | Seed | Robotics · Spain | Plug and Play Ventures, Coben Ventures, Draper B1 (lead), Elephant Capital, First Drop (lead), BStartup Banco Sabadell | |
| Fractile Builds custom inference chips designed to run frontier AI models faster by co-locating memory and compute | ~£540M | Series C | Hardware · United Kingdom | ||
| Fronted Fronted helps companies recruit and employ international teams, manage payroll and compliance, and establish their own overseas entities. | NOK 18M | Seed | Enterprise software · Norway | Skagerak Capital, Sondo, Antler, Kaknäs Invest (lead) | |
| Preferred Networks Japanese AI company developing processors, computing infrastructure, foundation models and industrial applications. | Undisclosed | Undisclosed | AI · Japan | Zenrin DataCom, Zenrin | |
| PaperFoam PaperFoam manufactures protective packaging from starch and natural fibres for consumer products, beauty and medical customers. | €2M | Growth loan | Industrial tech · Netherlands | Invest International | |
| ISLAND Beauty ISLAND Beauty develops skincare products that combine Korean ingredients with formulations designed for Indian consumers and climate conditions. | ₹25.8M | Pre-seed | Consumer · India | Bala Sarda, ajvc | |
| Auriga Cyber Ventures II Auriga Cyber Ventures II invests in early-stage European cybersecurity companies, with a focus on AI security and protection of identity and data. | €80M | Fund II interim close | Business services · Undisclosed | French National Seed Fund No. 3, European Investment Fund | |
| Collective An AI-based financial platform for solo businesses, combining bookkeeping, payroll, taxes and related financial services. | $100M | Series B and growth facility | Fintech · United States | Intuit Ventures, SemperVirens, General Catalyst's Customer Value Fund (CVF), General Catalyst (lead), FT Partners, Gradient Ventures (lead), QED Investors (lead) | |
| Ace Blend Ace Blend develops and sells nutrition products including plant protein, functional drinks and daily supplements. | $9.9M | Series A2 | Foodtech · India | 3one4 Capital (lead), Fireside Ventures | |
| Cohere Cohere develops AI models and enterprise software for securely finding information, automating work and building applications grounded in business data. | Undisclosed | Series E initial close | AI · Canada | NVIDIA, Schwarz Group (lead), Inovia Capital, Bullhound Capital, Government of Canada, Prosperity7, Bell Ventures | |
| Bites Mobile microlearning and AI tools that help enterprises train and support frontline employees. | $40M | Series A | Edtech · Israel | PeakSpan Capital (lead), Horizon Capital, Lyra Ventures, Vertex Ventures Israel, Rittenhouse Ventures | |
| Talky Labs Talky Labs builds AI software that automates accounting and finance operations using each company’s own records and accounting criteria. | €1.5M | Pre-seed | Fintech · Spain | Sebastian Gunningham, Silence VC, Motive Force, Javier Morenés, Paul Goldbaum, HelloWorld | |
| VUSE XR VUSE XR helps industrial and life sciences companies create, manage and deliver mixed reality training for complex products and processes. | €1.2M | Pre-seed | Enterprise software · Germany | IACD (lead) | |
| New Chat New Chat develops Setlog, a private video-sharing app for small groups of friends. | Undisclosed | Seed | Consumer · United States | Z Venture Capital, Inc. |