Funding
Rounds, valuations, term sheets.
- Tongxin Intelligence reports several hundred million yuan for planned AGI chip
Founded in April 2026 and incubated by BIGAI, Tongxin Intelligence disclosed the completed seed and angel rounds on November 12th, 2026, and plans FPGA prototype validation in early December for a cost-focused inference chip.
- Mirendil raises $1B to put frontier AI research within reach of small teams
Led by Kleiner Perkins and Clearlake Capital, Mirendil's Series A follows a $200M seed in June and brings total announced funding to $1.2B.
- Tech.eu reports Opdo raised $2.3M to automate optical engineering
Tech.eu reported on November 12th that Berlin and Los Angeles startup Opdo raised $2.3 million in a round led by Angular Ventures. Neither Tech.eu nor Opdo disclosed when the round closed.
- Databento reaches a $1.1B valuation with 39 people and a $100M Series C
Databento raised $100M in a Series C led by Fifth Down Capital, four months after its $97M Series B. Databento says revenue has more than doubled since that round while it remained profitable.
- Delphina raises another $7.5M to take trusted AI analytics past the data team
Delphina co-founders Jeremy Hermann and Duncan Gilchrist secured a second $7.5M round from the same two lead firms to expand governed AI analytics.
- PsiQuantum expands AMD partnership as chipmaker plans quantum computing investment
AMD did not disclose the planned investment size as Peng, its former president, leads PsiQuantum's push toward utility-scale quantum systems.
- Hatz AI raises $24M to sell AI to small businesses through the IT firms they already trust
At Hatz AI, co-founders Jimmy Hatzell and Aidan Kehoe are replaying their SKOUT playbook, selling AI governance and model routing through managed service providers.
- Mondrio raises $3.75M to connect pricing strategy with sales deals
Gregor Biljardt and Joep van den Nieuwenhoff left pricing work at Simon-Kucher to build Mondrio, which links price design to quotes, discounts and renewals.
- Gama raises €15M to build satellite solar arrays at factory scale
Paris-based Gama, founded by Andrew Nutter, Louis de Gouyon Matignon and Thibaud Elziere, will build its first Wing production line in Ivry-sur-Seine.
- Biomatter raises $18M to make custom enzymes feel like catalog orders
Biomatter will use the Astanor-led round to open a 2,000-square-metre design-and-testing facility in Vilnius in 2027 and expand in the United States.
- CoreWeave plans at least $4B in investment-grade loan financing
Morgan Stanley and MUFG are leading the potential financing, which Bloomberg says could reach market next week, a day after CoreWeave raised its 2026 revenue guidance to $13B to $13.3B.
- Fractile raises $720M Series C at a reported $7B valuation before its first chip ships
Led by Thrive, Founders Fund, Lightspeed and Redpoint, the UK inference startup's round includes CapitalG, BlackRock and British state funds.
- Anorak raises $5M to make generative video playable for niche communities
Shaun Rutland, Jonathan Alpine and Tak Fung will use Anorak's Play Ventures and Backed VC round to develop interactive video, with playable formats and a creator platform planned for early 2027.
- Helix raises $6M for a four-number human verification check
Alex Oberg, who helped build Ticketmaster's Verified Fan, has raised $6M for Helix to verify people and estimate age from a four-second voice check on the device.
- Edelbyte emerges from stealth with $70M for AI agent analytics
Avner Aharoni and three fellow Kusto builders left Microsoft, founded Edelbyte in November 2025 and lined up Fortune 500 deployments before leaving stealth.
- Plurai raises $13M to crash-test AI agents before they reach customers
Led by Team8, Plurai's seed round backs co-founders Ilan Kadar and Elad Levi as they apply autonomous-driving experience to enterprise AI agents.
- Sennder announces €228M financing package for European road freight
Co-founder David Nothacker says Berlin's sennder will fund its C.H. Robinson integration and AI rollout after a positive EBITDA month.
- Torus raises $500M to build container-sized AI compute and battery units
Co-founders Nate Walkingshaw and Gilbert Lee are using Magnetar-led capital and a Utah factory that grew to nearly 400 workers to move Torus from batteries into AI compute.
- Tendrils Compute raises $30M to build a thousands-core processor
Benchmark led Tendrils Compute's $30M seed round, announced November 10th. Nils Cremer's Cambridge company is building a thousands-core processor and the Vine language.
- Reflect Orbital raises $73.5M to put sunlight mirrors in orbit
The Hawthorne space-mirror startup said existing backers Sequoia, Lux and Starship returned, with Salesforce Ventures among new investors, ahead of a Q2 2027 demo.
- CoreWeave expects 7% to 7.5% cost on multibillion-dollar chip loan
The Financial Times reported the planned loan would fund Nvidia chips for an unnamed investment-grade customer, while CoreWeave expects about $9 billion in customer prepayments and deposits over the next three months.
- Mosaic Intelligence Labs emerges from stealth with $47M to build sensing surgical robots
Ileana Pirozzi and Ali Mackanic's San Francisco startup is building sensing catheters and robotic controls to reduce reliance on X-ray guidance and operator feel.
- Index Industries raises $50M seed to give U.S. housing a ticker
Josh Rosenthal and Brian Hardecker exit stealth with Lightspeed leading, betting a daily index can make U.S. housing investable.
- Garage raises $41M Series B to sell America's used fire trucks nationwide
Invus Opportunities led the round at a $225M valuation as co-founders Martin Hunt and Alaz Sengul push beyond fire trucks into public works and sanitation.