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 |
|---|---|---|---|---|---|
| Live2.ai Live2.ai helps brands monitor social conversations, audit content and turn approved content into commerce campaigns. | Undisclosed | Pre-Series B; primary allocation undisclosed | Enterprise software · India | IvyCap Ventures (lead) | |
| Agora Labs Agora Labs connects clinical data across healthcare organisations for research while keeping patient records within hospital systems. | €4.3M | Funding | Healthtech · Italy | P101 SGR (lead), Infinite Five | |
| Simplismart Simplismart builds software that helps businesses deploy and operate AI models across cloud and on-premises computing infrastructure. | $14M | Series B | AI · India | Micromax, NVIDIA, Accel, Shastra VC, Dallas Venture Capital (lead) | |
| Tohoku Alliance Construction Tohoku Alliance Construction brings regional construction companies together to undertake joint projects, share expertise and coordinate disaster response. | Undisclosed | Approved share issuance | Industrial tech · Japan | Masubuchigumi, Saitogumi | |
| Atlas Bio Atlas Bio develops AI models that simulate patient responses to help biopharma teams assess drug development decisions. | $10M | Seed | Biotech · Switzerland | Creandum (lead) | |
| Hyperbolic Hyperbolic provides GPU cloud infrastructure and software for deploying AI workloads across multiple compute providers. | $30M | Series A1 | AI · United States | Salience Capital, Dell Technologies Capital, Cambium Capital, Walden Catalyst (lead), Vista Equity Partners, General Catalyst | |
| Tensrai Tensrai develops autonomy software and robotic systems that let existing industrial vehicles and machines perform physical tasks with less human intervention. | ₹34M | Pre-seed | Robotics · India | India Accelerator, Hyderabad Angels, Finvolve | |
| Lovey Lovey provides business loans and credit brokerage for UK small and medium-sized companies. | £50M | Senior secured credit facility | Fintech · United Kingdom | Pollen Street Capital (lead) | |
| Vera Health Vera Health provides a clinical search platform that helps healthcare professionals find and assess medical evidence. | $28.5M | Series A | Healthtech · United States | SV Angel, Mantis VC, Gradient, Threshold Ventures (lead), Y Combinator (YC) | |
| Maasi Maasi trains and supports caregivers who provide childcare in families’ homes in Bengaluru. | ₹60M | Pre-seed | Consumer · India | Vaibhav Khandelwal, Siddhant Goyal, Antler India, Sanjay Ramakrishnan, Rishikesh SR, Better Capital (lead), Sumit Khandelwal | |
| Rently Rently provides flexible rent payments, deposit instalments and rent rewards for tenants in Singapore, Hong Kong and the UAE. | $12M | Growth credit facility | Proptech · Singapore | January Capital | |
| Joy_ Joy_ sells the ZuGutSchein, a gift voucher that lets the recipient choose products from online shops, with purchasing and delivery handled through Joy’s service. | Undisclosed | Strategic investment | Ecommerce · Germany | Lena Gercke | |
| Cent Cent combines medical imaging, biomarker tests and specialist review to assess health risks before symptoms appear. | $15M | Equity and debt financing | Healthtech · India | Blume Ventures (lead), South Park Commons (lead) | |
| Nova Spectral AI Nova Spectral AI develops infrared image sensors for defence, robotics and other systems that need vision in difficult conditions. | ₹211.5M | Seed | Hardware · India | Equirus InnovateX Fund, Shastra VC (lead) | |
| Arctic RAVN Arctic RAVN designs and manufactures drone electronics in Finland for European defence customers. | €2.5M | Convertible loan commitments | Defense tech · Finland | ||
| meinhaus.digital meinhaus.digital helps homeowners plan renovations, combining digital cost estimates with architects and energy advisers to prepare budgets, design options and documents for financing or permits. | €500K | Announced minority investment | Proptech · Germany | Carsten Maschmeyer, Janna Ensthaler | |
| Volare Volare converts food-industry side streams into insect protein, oil and fertiliser for feed and agriculture. | €7.1M | Undisclosed | Foodtech · Finland | Maki.vc | |
| QuoIntelligence Provides finished threat intelligence for European mid-market organisations | Undisclosed | Strategic investment | Cybersecurity · Germany | Christian Lindner Beteiligungsgesellschaft | |
| ABA Life ABA Life combines medical technology, AI, telemedicine and healthcare services as the health division of Morocco’s ABA Technology. | MAD 400M | Signed investment agreement | Healthtech · Morocco | Admaius Capital Partners | |
| Approaching.AI Approaching.AI develops inference services and infrastructure that help enterprises run large language models efficiently. | >CN¥1.3B | Series B | AI · China | Xiaoshan Capital (lead), Zhecai Innovation (lead), 星连资本 (lead), SenseTime, Qianjiang Century City (lead), Wangsu Science & Technology, ICBC Investment (lead), Zhongguancun Science City (lead) | |
| Crescenta Crescenta is a Spanish digital investment manager that gives individual and professional investors access to private-equity funds through an online platform. | €4M | Debt facility | Fintech · Spain | ||
| Lette Lette automates leasing and resident operations for residential property teams. | $6.5M | Seed | Proptech · Ireland | Foreword VC, Peak (lead), Des Traynor, Pitchdrive, Heliad, Adeline Arts & Science | |
| Jinkong Technology Jinkong Technology develops robots and control hardware for servicing satellites and manufacturing in orbit. | Undisclosed | Angel | Space tech · China | 国科绿色基金, 上海交大菡源资产, 浙江灵巧智能科技有限公司, CDH VGC (lead) | |
| Nclude Fund Nclude is a venture capital fund investing in fintech and businesses that embed financial services across Egypt, Africa and the Middle East. | >$112M | Final fund close | Business services · Egypt | Banque du Caire, Banque Misr, National Bank of Egypt, Egyptian Banks Company, e-Finance, Mastercard | |
| 6P Condo funds 6P Condo’s receivables funds provide capital for condominium cash flow, overdue fees and building improvements in Brazil. | R$350M | Third FIDC fundraising | Business services · Brazil | ||
| Provision Labs Provision Labs builds data, evaluation and deployment infrastructure for physical AI. | Undisclosed | Investor backing disclosed at launch | AI · United States | Glade Brook Capital Partners, Lachy Groom, General Catalyst, Bain Capital Ventures | |
| Nominal Offers software for hardware engineers to test designs | $41.2M | STRATFI government funding selection | Enterprise software · United States | U.S. Navy, U.S. Air Force | |
| Matiks Matiks develops competitive math, logic, memory and puzzle games for mobile users. | $10M | Pre-Series A | Media & gaming · India | Ronnie Screwvala, Info Edge Ventures, Untitled Ventures, Tanglin Venture Partners, General Catalyst (lead) | |
| Clinics On Cloud Clinics On Cloud builds health screening kiosks and connected microclinic infrastructure. | ₹1.2B | Series A | Healthtech · India | Model42 | |
| NoorNation NoorNation supplies solar-powered electricity and water infrastructure for farms and communities with limited access to utilities. | $1.1M | Seed | Climate tech · Egypt | Catalyst Fund, Linah Farms, KBW Ventures |