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 |
|---|---|---|---|---|---|
| CrissCross CrissCross provides cross-border collections, payouts, currency conversion and treasury infrastructure for businesses operating in African markets. | Undisclosed | Investment through Stitch Group | Fintech · South Africa | Circle Ventures | |
| Tanmiya Capital Fund II Tanmiya Capital Fund II provides growth capital and operational support to established businesses in Egypt. | $130M | Final fund close | Business services · Egypt | Egyptian-American Enterprise Fund, MSMEDA, European Investment Bank, International Finance Corporation, European Bank for Reconstruction and Development | |
| Magma Holdings Magma Holdings develops and operates sauna venues in Japan using its Magma Spa heating technology. | Undisclosed | Financing disclosure | Consumer · Japan | ||
| Noitom Robotics Noitom Robotics provides multimodal data capture, teleoperation and training-data infrastructure for embodied AI and humanoid robots. | Undisclosed | Pre-A+++ | Robotics · China | 河南投资集团汇融基金 (lead) | |
| ReplyAll ReplyAll is a Bengaluru apparel brand designing everyday performance clothing for work, travel and active routines. | ₹97M | Pre-Series A | Consumer · India | Atom XVII (lead), Sparrow Capital, Antler India, Indian Silicon Valley Capital, Long View Ventures, Sadev Ventures (lead) | |
| CHD (Connected Health Development) CHD develops connected textile sensors and software for remote maternal and fetal monitoring. | CHF 150K | Venture Kick convertible financing | Healthtech · Switzerland | Venture Kick | |
| K2Lab K2Lab develops Moras, an AI agent that helps TikTok Shop creators select products, create sales videos and manage their commerce workflow. | Undisclosed | Angel+ | AI · China | Kaitai Capital (lead) | |
| Zhongke Huiling (CASBOT) Zhongke Huiling develops CASBOT humanoid robots, dexterous hands and embodied AI for industrial work and public-facing services. | Undisclosed | Series A++ | Robotics · China | Oriza FOFs, Yonghua Capital, Luning Investment, Maotian Investment, Guoke Kezhi, Zhilai Investment | |
| Tokyo Artisan Intelligence Tokyo Artisan Intelligence develops edge-AI systems for industrial equipment and infrastructure inspection. | ¥1.3B | Series C first close | Industrial tech · Japan | Tokyo Keiki, エー・ディ・ティ, Tokyo Keiki Rail Tech, Watakyu Holdings, Mitsui Sumitomo Insurance Capital (lead), Mizuho Bank | |
| Bucketlistt.com Bucketlistt.com helps travellers discover and book adventure activities and local experiences, while its OkGhumo software manages operations for experience providers. | ₹76M | Seed | Travel tech · India | Kairon Capital (lead), Kunal Popat, Divisa Family Office, Titan Capital | |
| Medikea Medikea combines virtual medical consultations with its own clinics, diagnostics, pharmacies and specialist care. | $1.2M | Pre-seed financing | Healthtech · Tanzania | Madica, Impacc, The Catalyst Fund, Madiro, The Baobab Network, Boehringer Ingelheim Foundation, develoPPP Ventures, Hustle Fund, O’Shaughnessy Ventures | |
| Epoch Blue Epoch Blue provides satellite-derived data and software that help companies trace raw materials to their source and assess environmental risks. | $4.3M | Seed | Enterprise software · United Kingdom | Burnt Island Ventures (lead), Sand River (lead) | |
| Ailytics Ailytics analyses industrial camera footage to help teams identify safety risks and monitor site operations. | $7.4M | Series A | AI · Singapore | Safie, SG Growth Capital, Tin Men Capital (lead) | |
| Zhongke Zhuoer Zhongke Zhuoer develops photomask blanks, precision optical components and manufacturing technology. | Undisclosed | Series B+ | Hardware · China | Jinan Chanfa Jicheng Dianlu, Longwater Investment, Jiangyin Xinguolian, JIC Technology Investment | |
| Nevis Nevis develops AI agents that automate operational work for wealth managers and financial advisers. | $70M | Series B | Fintech · United Kingdom | Sequoia Capital, EQT Ventures (lead), Ribbit Capital, ICONIQ, Charles Schwab, QuantumLight | |
| Glance Glance develops an AI shopping platform that personalises product discovery across smartphones, connected televisions and online brand stores. | Undisclosed | Strategic investment | Ecommerce · Singapore | L Catterton | |
| Bedrock Robotics Develops autonomous construction technology for general contractors | $600M | Series C | Robotics · United States | Temasek, Xora, Bessemer Venture Partners, Valor Equity Partners, US Innovative Technology Fund (USIT), CapitalG (lead), NVIDIA, 8VC, Emergence Capital (lead), Perry Creek Capital, Georgian, Eclipse | |
| MoSense MoSense builds flexible tactile skin and sensing systems for robots. | Undisclosed | Angel+ | Robotics · China | Oasis Capital (lead), CDH Investments (lead), Pudong Chuangtou, 华山资本, Longxin Venture Capital, CASSTAR, 逐际动力 | |
| ClarityCare ClarityCare builds AI agents that help health plans, payers and third-party administrators manage utilization review and healthcare administration. | $16.5M | Series A | Healthtech · United States | Transpose Platform, Maverick Ventures, Arthur Ventures, Top Harvest Capital, Headline (lead), firstminute capital, FJ Labs | |
| Nous Nous develops an AI agent that helps households manage bills, subscriptions and everyday administration. | $17M | Undisclosed | Consumer · United Kingdom | Joyance Partners, Mosaic Ventures, Chalfen Ventures, Future Back Ventures by Bain & Company, Heartcore Capital | |
| FinMaq Digital financing for small businesses and independent workers buying productive machinery and equipment. | $6.5M | Series A | Fintech · Colombia | Accion (lead), Mundi Ventures, 30N Ventures, ALIVE Ventures | |
| adsilico adsilico builds virtual patient populations to help medical-device manufacturers test how implants perform across different anatomies. | £10M | Series A | Healthtech · United Kingdom | Parkwalk, PXN Ventures (lead), Northern Gritstone | |
| NTEC NTEC designs and manufactures industrial presses, dedicated machinery and robot systems, with installation and after-sales support for factory customers. | Undisclosed | Strategic equity investment | Industrial tech · Japan | MAZIN | |
| Mochatrade Mochatrade lets traders in India use rupee balances to trade perpetual contracts linked to US stocks and other assets. | $5.5M | Seed (SAFE) | Fintech · India | CoinFund (lead), Nicky Montana, Coinbase Ventures |