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 |
|---|---|---|---|---|---|
| AML Analytics AML Analytics provides independent testing and benchmarking of sanctions screening and anti-money-laundering controls. | Undisclosed | Growth investment | Fintech · United Kingdom | Covalent Equity Partners | |
| Corpy & Co. Corpy & Co. develops and operates AI systems for manufacturers, mobility companies and infrastructure operators that need reliable deployment and quality control. | ¥10M | J-KISS investment commitment | AI · Japan | TriIs Incorporated | |
| Vama Vama provides online access to temple rituals, astrology consultations and spiritual products. | ₹190.3M | Pre-Series A allotment | Consumer · India | Vinay Mittal, Swati Parikh, Writers and Publishers Private Limited (lead), Nikhil Bhandarkar, Harit Nagpal, Silverneedle Ventures, Wavemaker Partners | |
| Numeracle Numeracle verifies business identities and helps organisations keep legitimate customer calls from being blocked or labelled as spam. | $28M | Growth investment | Enterprise software · United States | Edison Partners (lead) | |
| Viatik Viatik connects drivers and passengers sharing intercity journeys in Uruguay and Argentina. | $600K | Second investment round | Mobility · Uruguay | Plug and Play, Federico Lavagna, Mariano Otero, Alan Descoins, Iang Yim, Agencia Nacional de Investigación e Innovación, Rubén Sosenke, Picante | |
| LuxSilicon LuxSilicon designs silicon-photonics chips and optical engines that connect computing hardware in data centres and high-performance computing systems. | Undisclosed | First of two disclosed rounds | Hardware · China | Longqiu Capital (lead), Jiyuan Capital (lead) | |
| Circuit Mind Circuit Mind provides AI software that generates and verifies electronic circuit designs for hardware engineering teams. | $18.5M | Series A | AI · United Kingdom | Norwest (lead), Lightscape Partners, Third Prime, Blackhorn Ventures, Differential Ventures | |
| Phaze Ventures Oman Fund Phaze Ventures Oman Fund backs homegrown businesses applying artificial intelligence in Oman. | Undisclosed | Fund commitments at launch | Business services · Oman | Future Fund Oman | |
| Let’s Game Now Let’s Game Now organises esports tournaments, live events and broadcasts, and develops the Indian Super Gaming League. | ₹300M | Undisclosed | Media & gaming · India | Bestvantage Investments (lead), Anand Mahindra (lead) | |
| IntegriCulture IntegriCulture develops cell-culture systems and production technology for cellular foods, cosmetics and other biological materials. | Undisclosed | Funding round | Biotech · Japan | Chihososei Niigata No. 2 Fund | |
| Japan Bitcoin Industry Japan Bitcoin Industry develops Lightning Network payment infrastructure for businesses accepting bitcoin. | ¥800M | Bitcoin-funded capital increase | Fintech · Japan | Fulgur GK, ANAP Lightning Capital | |
| Circuit Mind Circuit Mind provides AI software that generates and verifies electronic circuit designs for hardware engineering teams. | Undisclosed | Previously unannounced seed | AI · United Kingdom | Third Prime (lead) | |
| CHOSEN CHOSEN develops skincare, haircare and supplements for melanin-rich skin and Indian environmental conditions. | Undisclosed | Series A extension | Consumer · India | Avnish Chhabria, Saurabh Kapoor | |
| Celes AI software for retail demand forecasting, inventory and replenishment. | $5M | Series A | AI · Colombia | Taram Capital, SP Ventures (lead), Fulcrum Global Capital, 30N Ventures | |
| i23 i23 develops an AI-driven insurance broking business that automates routine administration and supports brokers serving commercial clients. | $5.5M | Seed | Fintech · United Kingdom | Insiders VC (lead), Four Cities Capital (lead), Seedcamp (lead), Outward VC (lead) | |
| Weizhi Hangkong Weizhi Hangkong develops fixed-wing unmanned aircraft for cargo transport. | ~CN¥100M | Series A | Logistics · China | Hangfa Fund, Zigong Tonghang Fund (lead) | |
| NeuroXess NeuroXess develops implantable brain-computer interfaces for research and clinical applications. | CN¥700M | Series B | Healthtech · China | Shenzhen Capital Group (lead), Triwise Capital (lead), SDIC Juli (lead) | |
| Yangzhou Vulcan Yangzhou Vulcan manufactures customised vehicles for moving oversized, heavy and sensitive industrial equipment. | Undisclosed | Funding round | Industrial tech · China | Shenzhen TopoScend Capital Co., Ltd. | |
| BioGeometry BioGeometry develops generative AI models and experimental workflows for protein design, drug discovery and enzyme engineering. | Undisclosed | Series A+ | Biotech · China | Shanghai Biomedical Innovation and Translation Fund, Guokai Kechuang, China Life Capital (lead), Guofang Chuangtou, Fortune Capital, Real Power Capital | |
| Firehawk Defense Firehawk Defense manufactures propulsion systems and energetic materials for the US defence industrial base. | >$150M | Series D | Defense tech · United States | Rochefort Asset Management (lead), Advent International (lead) | |
| Easol Easol gives festivals, venues and other experience businesses one system for branded websites, bookings, payments, customer data and operations. | $30M | Series A extension | Travel tech · United Kingdom | Eight Roads, Notion Capital, Tiger Global, Foundation Capital, Viola Credit, FMZ Ventures, Y Combinator (YC) | |
| Artiso Artiso builds an AI workspace connecting fashion design, product development and campaign production. | >€3M | Pre-seed | Enterprise software · Spain | Look Up Ventures, Bynd Venture Capital, David Tomás, Swanlaab Venture Factory, Criteria Venture Tech (lead) | |
| Nakama Nakama operates AniBiz, a business marketplace that connects anime rights holders with companies seeking commercial licenses. | $2M | Strategic investment commitment | Media & gaming · United States | TV TOKYO Holdings Corporation | |
| iSABers Group iSABers Group develops semiconductor bonding equipment and precision bonding process services. | Undisclosed | Pre-IPO | Hardware · China | Inno-Chip, AMEC | |
| IDEABLE WORKS IDEABLE WORKS connects artists and venues through the HACKK TAG gallery platform. | ~¥180M | Series A | Media & gaming · Japan | KCAP Venture No.1 Fund, very50, Innovation Discovery Fund II, Light Up Ventures No. 1 Investment Limited Partnership, Mitsubishi UFJ Capital 10 Investment Limited Partnership, AFA LLC | |
| Phaze Ventures Fund II Phaze Ventures Fund II invests in early-stage artificial intelligence and deeptech companies internationally. | Undisclosed | Fund commitments at launch | Business services · Oman | Oman LNG Development Foundation, ITHCA Group, Ominvest | |
| OAIZ OAIZ turns plain-language instructions into visual workflows that combine AI agents, code, rules and approvals across business systems. | SEK 23M | Pre-seed | AI · Sweden | Icebreaker.vc, node.vc, Karaoke Club | |
| FuriosaAI FuriosaAI develops AI inference accelerators and software for enterprise data centres. | $620M | Series D | Hardware · South Korea | UAMCO, NAVER Ventures, QUDA Capital, Worldline Capital, Hanwha Asset Management, Korea National Growth Fund, Infinitum, DSC Investment, Korea Development Bank, Export-Import Bank of Korea, NeoFort Holding, KDB Capital, Cisco Investments, Nextrans, Jericho Capital, Kakao Investment | |
| AP Ventures Fund III LP AP Ventures Fund III LP invests in early-stage technologies for industrial and energy systems. | $300M | Fund III final close | Business services · United Kingdom | ||
| QwikBuild QwikBuild builds bespoke business software and AI agents for organisations that want to replace manual workflows or connect existing systems. | $2.3M | Pre-seed | AI · India | Blume Ventures, Lalit Keshre, Ankit Nagori, DeVC, Globalway, MarsShot |