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
Live2.ai

Live2.ai helps brands monitor social conversations, audit content and turn approved content into commerce campaigns.

UndisclosedPre-Series B; primary allocation undisclosedEnterprise software · IndiaIvyCap Ventures (lead)
Agora Labs

Agora Labs connects clinical data across healthcare organisations for research while keeping patient records within hospital systems.

€4.3MFundingHealthtech · ItalyP101 SGR (lead), Infinite Five
Simplismart

Simplismart builds software that helps businesses deploy and operate AI models across cloud and on-premises computing infrastructure.

$14MSeries BAI · IndiaMicromax, 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.

UndisclosedApproved share issuanceIndustrial tech · JapanMasubuchigumi, Saitogumi
Atlas Bio

Atlas Bio develops AI models that simulate patient responses to help biopharma teams assess drug development decisions.

$10MSeedBiotech · SwitzerlandCreandum (lead)
Hyperbolic

Hyperbolic provides GPU cloud infrastructure and software for deploying AI workloads across multiple compute providers.

$30MSeries A1AI · United StatesSalience 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.

₹34MPre-seedRobotics · IndiaIndia Accelerator, Hyderabad Angels, Finvolve
Lovey

Lovey provides business loans and credit brokerage for UK small and medium-sized companies.

£50MSenior secured credit facilityFintech · United KingdomPollen Street Capital (lead)
Vera Health

Vera Health provides a clinical search platform that helps healthcare professionals find and assess medical evidence.

$28.5MSeries AHealthtech · United StatesSV Angel, Mantis VC, Gradient, Threshold Ventures (lead), Y Combinator (YC)
Maasi

Maasi trains and supports caregivers who provide childcare in families’ homes in Bengaluru.

₹60MPre-seedConsumer · IndiaVaibhav 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.

$12MGrowth credit facilityProptech · SingaporeJanuary 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.

UndisclosedStrategic investmentEcommerce · GermanyLena Gercke
Cent

Cent combines medical imaging, biomarker tests and specialist review to assess health risks before symptoms appear.

$15MEquity and debt financingHealthtech · IndiaBlume 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.

₹211.5MSeedHardware · IndiaEquirus InnovateX Fund, Shastra VC (lead)
Arctic RAVN

Arctic RAVN designs and manufactures drone electronics in Finland for European defence customers.

€2.5MConvertible loan commitmentsDefense 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.

€500KAnnounced minority investmentProptech · GermanyCarsten Maschmeyer, Janna Ensthaler
Volare

Volare converts food-industry side streams into insect protein, oil and fertiliser for feed and agriculture.

€7.1MUndisclosedFoodtech · FinlandMaki.vc
QuoIntelligence

Provides finished threat intelligence for European mid-market organisations

UndisclosedStrategic investmentCybersecurity · GermanyChristian Lindner Beteiligungsgesellschaft
ABA Life

ABA Life combines medical technology, AI, telemedicine and healthcare services as the health division of Morocco’s ABA Technology.

MAD 400MSigned investment agreementHealthtech · MoroccoAdmaius Capital Partners
Approaching.AI

Approaching.AI develops inference services and infrastructure that help enterprises run large language models efficiently.

>CN¥1.3BSeries BAI · ChinaXiaoshan 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.

€4MDebt facilityFintech · Spain
Lette

Lette automates leasing and resident operations for residential property teams.

$6.5MSeedProptech · IrelandForeword 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.

UndisclosedAngelSpace 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.

>$112MFinal fund closeBusiness services · EgyptBanque 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$350MThird FIDC fundraisingBusiness services · Brazil
Provision Labs

Provision Labs builds data, evaluation and deployment infrastructure for physical AI.

UndisclosedInvestor backing disclosed at launchAI · United StatesGlade Brook Capital Partners, Lachy Groom, General Catalyst, Bain Capital Ventures
Nominal

Offers software for hardware engineers to test designs

$41.2MSTRATFI government funding selectionEnterprise software · United StatesU.S. Navy, U.S. Air Force
Matiks

Matiks develops competitive math, logic, memory and puzzle games for mobile users.

$10MPre-Series AMedia & gaming · IndiaRonnie 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.

₹1.2BSeries AHealthtech · IndiaModel42
NoorNation

NoorNation supplies solar-powered electricity and water infrastructure for farms and communities with limited access to utilities.

$1.1MSeedClimate tech · EgyptCatalyst Fund, Linah Farms, KBW Ventures