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
AML Analytics

AML Analytics provides independent testing and benchmarking of sanctions screening and anti-money-laundering controls.

UndisclosedGrowth investmentFintech · United KingdomCovalent 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.

¥10MJ-KISS investment commitmentAI · JapanTriIs Incorporated
Vama

Vama provides online access to temple rituals, astrology consultations and spiritual products.

₹190.3MPre-Series A allotmentConsumer · IndiaVinay 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.

$28MGrowth investmentEnterprise software · United StatesEdison Partners (lead)
Viatik

Viatik connects drivers and passengers sharing intercity journeys in Uruguay and Argentina.

$600KSecond investment roundMobility · UruguayPlug 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.

UndisclosedFirst of two disclosed roundsHardware · ChinaLongqiu Capital (lead), Jiyuan Capital (lead)
Circuit Mind

Circuit Mind provides AI software that generates and verifies electronic circuit designs for hardware engineering teams.

$18.5MSeries AAI · United KingdomNorwest (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.

UndisclosedFund commitments at launchBusiness services · OmanFuture Fund Oman
Let’s Game Now

Let’s Game Now organises esports tournaments, live events and broadcasts, and develops the Indian Super Gaming League.

₹300MUndisclosedMedia & gaming · IndiaBestvantage Investments (lead), Anand Mahindra (lead)
IntegriCulture

IntegriCulture develops cell-culture systems and production technology for cellular foods, cosmetics and other biological materials.

UndisclosedFunding roundBiotech · JapanChihososei Niigata No. 2 Fund
Japan Bitcoin Industry

Japan Bitcoin Industry develops Lightning Network payment infrastructure for businesses accepting bitcoin.

¥800MBitcoin-funded capital increaseFintech · JapanFulgur GK, ANAP Lightning Capital
Circuit Mind

Circuit Mind provides AI software that generates and verifies electronic circuit designs for hardware engineering teams.

UndisclosedPreviously unannounced seedAI · United KingdomThird Prime (lead)
CHOSEN

CHOSEN develops skincare, haircare and supplements for melanin-rich skin and Indian environmental conditions.

UndisclosedSeries A extensionConsumer · IndiaAvnish Chhabria, Saurabh Kapoor
Celes

AI software for retail demand forecasting, inventory and replenishment.

$5MSeries AAI · ColombiaTaram 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.

$5.5MSeedFintech · United KingdomInsiders VC (lead), Four Cities Capital (lead), Seedcamp (lead), Outward VC (lead)
Weizhi Hangkong

Weizhi Hangkong develops fixed-wing unmanned aircraft for cargo transport.

~CN¥100MSeries ALogistics · ChinaHangfa Fund, Zigong Tonghang Fund (lead)
NeuroXess

NeuroXess develops implantable brain-computer interfaces for research and clinical applications.

CN¥700MSeries BHealthtech · ChinaShenzhen Capital Group (lead), Triwise Capital (lead), SDIC Juli (lead)
Yangzhou Vulcan

Yangzhou Vulcan manufactures customised vehicles for moving oversized, heavy and sensitive industrial equipment.

UndisclosedFunding roundIndustrial tech · ChinaShenzhen TopoScend Capital Co., Ltd.
BioGeometry

BioGeometry develops generative AI models and experimental workflows for protein design, drug discovery and enzyme engineering.

UndisclosedSeries A+Biotech · ChinaShanghai 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.

>$150MSeries DDefense tech · United StatesRochefort 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.

$30MSeries A extensionTravel tech · United KingdomEight 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.

>€3MPre-seedEnterprise software · SpainLook 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.

$2MStrategic investment commitmentMedia & gaming · United StatesTV TOKYO Holdings Corporation
iSABers Group

iSABers Group develops semiconductor bonding equipment and precision bonding process services.

UndisclosedPre-IPOHardware · ChinaInno-Chip, AMEC
IDEABLE WORKS

IDEABLE WORKS connects artists and venues through the HACKK TAG gallery platform.

~¥180MSeries AMedia & gaming · JapanKCAP 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.

UndisclosedFund commitments at launchBusiness services · OmanOman 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 23MPre-seedAI · SwedenIcebreaker.vc, node.vc, Karaoke Club
FuriosaAI

FuriosaAI develops AI inference accelerators and software for enterprise data centres.

$620MSeries DHardware · South KoreaUAMCO, 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.

$300MFund III final closeBusiness services · United Kingdom
QwikBuild

QwikBuild builds bespoke business software and AI agents for organisations that want to replace manual workflows or connect existing systems.

$2.3MPre-seedAI · IndiaBlume Ventures, Lalit Keshre, Ankit Nagori, DeVC, Globalway, MarsShot