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
Wabi

Wabi develops a shared AI assistant that organizes tasks into conversations and creates personal apps for individuals and groups.

$55MUndisclosedAI · United StatesMarc 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.

₹280MSeries AHealthtech · IndiaAlkemi 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.

€100MFund II final closeBusiness 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.

€1.3MFunding roundEnterprise software · SpainAngels Capital (lead), Encomenda Seed II (lead)
NexGen Cloud

NexGen Cloud provides GPU computing infrastructure for AI training, inference and enterprise workloads.

$106MSenior secured term loanAI · United KingdomUSD.AI (lead), Silver Point Capital, Victory Park Capital
Dream

AI models that turn building requirements into coordinated architectural and engineering plans.

$17MSeedProptech · United StatesSV 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.

~¥500MSeed equity and debtClimate tech · JapanDogan 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¥100MSeries ARobotics · 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.

₹180MBridgeRobotics · IndiaMGF-Kavachh (MountTech Growth Fund) (lead)
Venttup

Venttup connects industrial customers with engineering and manufacturing services to develop, localise and source components from India.

$3MPre-Series AIndustrial tech · IndiaRainmatter (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.

$38MSeries AEnterprise software · NetherlandsOctopus Ventures (lead), KPN Ventures
MuRay

MuRay develops active muon imaging to inspect dense industrial components without cutting them apart.

€7.1MPrivate funding and public grantsIndustrial tech · GermanyNordic 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.

€150MSeries D extensionClimate 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.

$60MFund III final closeBusiness services · UndisclosedDubai 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.

₹14.7MPre-seedIndustrial tech · IndiaInflection Point Ventures (lead)
Serval

Enterprise service management and AI agents that turn business requirements into governed automations.

$150MSeries CEnterprise software · United StatesTenacity 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.

€1MSeedRobotics · SpainPlug 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

~£540MSeries CHardware · United Kingdom
Fronted

Fronted helps companies recruit and employ international teams, manage payroll and compliance, and establish their own overseas entities.

NOK 18MSeedEnterprise software · NorwaySkagerak Capital, Sondo, Antler, Kaknäs Invest (lead)
Preferred Networks

Japanese AI company developing processors, computing infrastructure, foundation models and industrial applications.

UndisclosedUndisclosedAI · JapanZenrin DataCom, Zenrin
PaperFoam

PaperFoam manufactures protective packaging from starch and natural fibres for consumer products, beauty and medical customers.

€2MGrowth loanIndustrial tech · NetherlandsInvest International
ISLAND Beauty

ISLAND Beauty develops skincare products that combine Korean ingredients with formulations designed for Indian consumers and climate conditions.

₹25.8MPre-seedConsumer · IndiaBala 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.

€80MFund II interim closeBusiness services · UndisclosedFrench 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.

$100MSeries B and growth facilityFintech · United StatesIntuit 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.

$9.9MSeries A2Foodtech · India3one4 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.

UndisclosedSeries E initial closeAI · CanadaNVIDIA, 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.

$40MSeries AEdtech · IsraelPeakSpan 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.

€1.5MPre-seedFintech · SpainSebastian 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.

€1.2MPre-seedEnterprise software · GermanyIACD (lead)
New Chat

New Chat develops Setlog, a private video-sharing app for small groups of friends.

UndisclosedSeedConsumer · United StatesZ Venture Capital, Inc.