Weekly edition
Week 42, 2026 (12 Oct to 18 Oct)
92 rounds and $3.5B raised. The biggest: Modal Labs, $750M.
Compared with week 41
- Rounds
- 92 -7%
- Capital raised
- $3.5B -40%
- Median round
- $12M -31%
Average of the 4 weeks before: 88 rounds, $6B a week. This week is -42% on capital.
The week in charts
AI took 51% of the capital this week, up from 46% in week 41. $3.5B in all, down 40% on week 41.
Mega-rounds against the rest
6 of 92 rounds made 49% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 6 | $1.7B |
| The rest | 86 | $1.8B |
Capital raised per day
The busiest day: Wed 14 Oct, $1.3B across 28 rounds.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| Mon 12 Oct | 9 | $264M | Hone, $60M |
| Tue 13 Oct | 29 | $964M | ICON, $200M |
| Wed 14 Oct | 28 | $1.3B | Modal Labs, $750M |
| Thu 15 Oct | 22 | $480M | Stand, $70M |
| Fri 16 Oct | 4 | $469M | OMass Therapeutics, $310M |
| Sat 17 Oct | 0 | $0K | |
| Sun 18 Oct | 0 | $0K |
Where the capital went
AI raised $1.8B, 51% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $1.8B | 51% | 45 |
| Other | $571M | 16% | 10 |
| Health | $262M | 8% | 11 |
| Robotics & Hardware | $246M | 7% | 5 |
| Climate & Energy | $210M | 6% | 7 |
| Consumer | $185M | 5% | 3 |
| Fintech | $143M | 4% | 5 |
| Enterprise software | $76.3M | 2% | 5 |
| Cybersecurity | $4M | <1% | 1 |
The 10 biggest rounds
The 10 biggest rounds raised $2B, 58% of the total.
Everyone who raised
92 companies raised $3.5B. A bigger tile is a bigger round.
The 72 biggest of 92. Open on a wider screen for all of them, or see every round below.
Most active investors
Accel joined 5 rounds, leading 3, more than any other investor.
The investor race, last 8 weeks
Ranked by rounds joined so far. Y Combinator finished first with 20 rounds over the last 8 weeks. The lead changed hands 4 times.
| Investor | Week 35 | Week 36 | Week 37 | Week 38 | Week 39 | Week 40 | Week 41 | Week 42 |
|---|---|---|---|---|---|---|---|---|
| Y Combinator | 2 | 5 | 8 | 8 | 13 | 15 | 17 | 20 |
| Andreessen Horowitz | 0 | 1 | 6 | 7 | 8 | 12 | 17 | 17 |
| Insight Partners | 0 | 3 | 5 | 9 | 13 | 15 | 16 | 16 |
| Accel | 1 | 2 | 6 | 6 | 8 | 11 | 11 | 16 |
| General Catalyst | 1 | 2 | 5 | 11 | 13 | 14 | 15 | 16 |
Where the rounds were
United States raised $850M, 24% of the capital. Rounds in 13 countries, 35 with no country disclosed.
The cities that raised
San Francisco raised $424M, more than all of Europe ($280M). Rounds from 32 cities.
Rounds by stage
Seed was the most common stage: 26 rounds, median $5.9M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 9 | $3.4M |
| Seed | 26 | $5.9M |
| Series A | 15 | $12.5M |
| Series B | 10 | $50M |
| Series C | 5 | $70M |
| Series D | 3 | $200M |
| Series E+ | 2 | $135M |
| Growth | 3 | $21M |
| Other or undisclosed | 19 | $13.4M |
Sectors against week 41
Biggest gain: Consumer, +$141M. Biggest drop: AI, -$852M. Change in capital raised. Only where both periods have rounds.
| Sectors | Week 42, 2026 (12 Oct to 18 Oct) | week 41 | Change |
|---|---|---|---|
| Consumer | $185M | $44.4M | +$141M |
| Enterprise software | $76.3M | $50.5M | +$25.9M |
| Cybersecurity | $4M | $30M | -$26M |
| Fintech | $143M | $317M | -$174M |
| Health | $262M | $483M | -$221M |
| Climate & Energy | $210M | $538M | -$328M |
| Robotics & Hardware | $246M | $589M | -$342M |
| Other | $571M | $1.1B | -$494M |
| AI | $1.8B | $2.6B | -$852M |
Countries against week 41
Biggest gain: India, +$82.2M. Biggest drop: United States, -$1.4B. Change in capital raised. Only where both periods have rounds.
| Countries | Week 42, 2026 (12 Oct to 18 Oct) | week 41 | Change |
|---|---|---|---|
| India | $160M | $78M | +$82.2M |
| Germany | $95.7M | $24.8M | +$70.9M |
| Spain | $21.9M | $1.7M | +$20.3M |
| Singapore | $7.6M | $20M | -$12.4M |
| France | $95.2M | $121M | -$25.6M |
| United Kingdom | $19M | $223M | -$204M |
| United States | $850M | $2.2B | -$1.4B |
All rounds
- Modal LabsProvides cloud infrastructure for developing, training, and running AI applicationsLed by Accel, with Kleiner Perkins, Menlo Ventures +4 $750MSeries D
- OMass TherapeuticsLed by Bain Capital Life Sciences, with Janus Henderson Investors, SV Health Investors +2 $310MSeries C
- ICONBuilds robotic construction systems and 3D-printed buildingsLed by Baillie Gifford, with Capital Factory, CAZ Investments +6 $200MSeries D · United States
- ScanntechProvides retail intelligence, transaction analytics, and marketing services across Latin AmericaLed by L Catterton, with Bradesco, SPX $180MSeries F · Uruguay
- Soufflé TherapeuticsDevelops RNA therapies for serious diseases and healthier agingLed by Juvia Group, with TCG Crossover Management, BB Biotech +2 $135MSeries B · United States
- Salience LabsDevelops photonic chips and optical switching for AI data centre connectivityLed by Bullhound Capital, with AMD Ventures, Intel Capital +7 $125MSeries B
- SukiProvides ambient clinical intelligence and workflow automation for healthcareWith Healthier Capital, Crosslink Capital, Hercules Capital +5 $90MSeries E · United States
- Abby CareTrains and pays family members to become paid caregivers for relatives needing home care.Led by Transformation Capital, with CVS Health Ventures, Frist Cressey Ventures +4 $82MSeries C
- 1KOMMA5°Develops energy technology for cleaner, more efficient homes and businessesWith Marunouchi Innovation Partners $78.3MGermany
- StandUses property digital twins to price and mitigate residential wildfire riskLed by Saga Ventures, with Lowercarbon, Eclipse +4 $70MSeries C · United States
- Mueon CorporationBuilds modular compute and memory systems for AI infrastructureLed by Maverick Silicon, with Intel Capital, Geodesic Capital +5 $65MSeries A · United States
- North.cloudAutomates cloud, AI, and data infrastructure spending optimization for companiesLed by PeakSpan Capital, with Litquidity Ventures, Companyon Ventures +4 $60MSeries B · United States
- HoneBuilds persistent AI agents assigned to achieve business outcomesLed by Benchmark, with Scott Wu $60MSeed
- DougsRegulated accounting and financial management services for small businessesLed by Expedition Growth Capital $56MGrowth · France
- AlbertProvides a personal financial assistant app for budgeting, saving, investing, and shopping smarter.Led by TCV, with Delta-v Capital, Socium Ventures +7 $55MSeries B
- Rabot EnergyProvides dynamic electricity tariffs that shift household energy consumptionLed by Endeit Capital, with DeepTech & Climate Fonds (DTCF), HV Capital +5 $50MSeries B
- Harmonic SecurityProvides workforce security software for safe enterprise artificial intelligence useLed by Crosspoint Capital Partners $50MSeries B
- Reach SecurityProvides software that autonomously finds and closes security gaps before attackers exploit them, for security teams.Led by Top Tier Capital Partners, with Ballistic Ventures, In-Q-Tel +2 $50MSeries B
- ScarletCertifies AI and software medical devices for regulatory approvalLed by Headline, with Notion Capital, Atomico +3 $50MSeries B
- SabiDevelops non-invasive brain-AI interfaces designed for everyday wearLed by Khosla Ventures, with Accel, Initialized Capital +4 $50MSeed
- MicrobioticaDevelops precision microbiome medicines for inflammatory bowel diseaseLed by British Business Bank, with Tencent, IP Group +3 $48MSeries C
- ZenzapProvides an AI-powered workplace messaging and collaboration appWith Bessemer, Lightspeed, The Garage +2 $44M
- BoldfitE-commerce platform selling sports and fitness products across multiple categoriesWith Bharat Value Fund, Bessemer Venture Partners $41.8MSeries B · India
- Sirona MedicalProvides cloud-native radiology software combining imaging, reporting, workflow, and AILed by Avidity Partners, with 8VC, GreatPoint Ventures +1 $40MSeries D · United States
- GreenCell MobilityDeploys electric buses for intercity and intracity public transportation across IndiaLed by Impact Fund Denmark $34.6MIndia
- Pluto SecurityMonitors employee use of AI tools and controls enterprise AI security risksLed by Jump Capital, with Skinos, Ansa Capital $34MSeries A · United States
- DuvoAutomates workflows across disconnected business systems for enterprise teamsLed by Balderton Capital, with Index Ventures, Northzone +1 $32MSeries A · Czech Republic
- AllaraProvides virtual, insurance-covered care for hormonal and metabolic healthWith Index Ventures, GV, Camino Partners +2 $30M
- RapidCanvasProvides enterprise AI tools combining AI agents with human engineering expertiseLed by Vertex Ventures Southeast Asia & India, with Hitachi Ventures, Accel +3 $29MSeries B · India
- AmbiBuilds an AI assistant that listens continuously and provides real-time contextual insightsLed by Luminous Ventures $26M
- ScimplifyUses AI to develop and manufacture specialty chemicals and critical materialsLed by Hitachi Ventures, with Henkel, Teknor Apex +4 $25MIndia
- Acta PharmaceuticalsDevelops oral small-molecule therapies for early intervention and prevention of Alzheimer's disease.With Alzheimer's Disease Research Foundation, Dolby Family Ventures, Gamma Bio Investors $24MSeed
- BrelliumUses machine learning to audit clinical notes and improve healthcare billing complianceLed by Left Lane Capital, with Digital Health Venture Partners $23MVenture · United States
- Qilimanjaro Quantum TechBuilds full-stack quantum computing hardware and software systemsLed by Indra Group, with Spanish Society for Technological Transformation (SETT) $21.9MSeries A · Spain
- TamrUnifies, cleans, and enriches fragmented enterprise data for AILed by Volition Capital $21MGrowth · United States
- ZippyWith Saluda Grade $20MSeries C
- OriginBuilds robots that automate interior construction tasks such as wall finishingLed by Accel, with Unilazer Ventures, Schema Ventures +3 $20M
- Causa PrimaDevelops AI agents that automate invoice approvals, disputes, and business paymentsLed by Base10 Partners, with QED Investors, FJ Labs +3 $20MSeed
- EpyrStores industrial heat using electrified thermal energy systemsLed by SlateVC, with AENU, Daphni +3 $16.8MSeries A · France
- MogulUses artificial intelligence to provide real estate investing opportunitiesLed by Draper Associates, with Stephen Sullivan, Dr. Alex Jovanovich $15.5MSeries A · United States
- MeticulousProvides autonomous software testing and verification for development teamsLed by Chemistry, with Menlo Ventures, Lachy Groom +7 $15MSeries A
- HyLightOperates autonomous hydrogen airships for infrastructure inspectionsLed by Rubio Impact Ventures, with Y Combinator, Ring Capital $14.5MFrance
- UbitiumDevelops universal processors for machines handling sensing, AI, and controlLed by Ibex Investors, with OpenOcean, KBC Focus Fund +3 $14MSeed · Germany
- seragyDevelops quantitative biomarker strategies for neurodegenerative diseases and other proteopathies.With Commerzbank, Mittelständische Beteiligungsgesellschaft (MBG), State of Lower Saxony $13.4M
- Confido HealthBuilds AI agents for clinic appointments, insurance checks and care coordinationLed by Z47, with Together Fund, Blume Ventures +1 $12.5MSeries A · United States
- CarbonAIBuilds agentic AI platform automating underwriting and monitoring for commercial real estate lenders.Led by Cowboy Ventures, with Timber Grove Ventures, Bling Capital +1 $12M
- FragmentBuilds software helping AI agents safely handle billing and accountingLed by FirstMark $12MSeries A
- SoniloGenerative audio company creating video-native music and sound modelsLed by B Capital, with Redpoint $11MUnited States
- ReadilyConnects healthcare regulations to internal policies and compliance workflowsLed by Define Ventures, with Y Combinator, California Health Care Foundation Innovation Fund $11MSeries A
- Spill GamesDevelops mobile games using AI-led tools and reusable development technologyLed by Elevation Capital, with Centre Court Capital, PeerCapital $10.5MSeries A · India
- FissionProvides liquidity infrastructure for tokenized investment fundsLed by Pantera Capital, with Circle Ventures, New Form +3 $10MSeries A
- CluesoCreates and maintains business videos using AI agentsLed by Dharana Capital, with Founders Future, Neotribe Ventures +2 $10MSeries A · United States
- ForgepointProvides AI sales software helping manufacturers manage quoting and customer ordersLed by Primary Venture Partners, with angel investors from OpenAI $9.8MSeed
- MakeOProvides clear aligners and offline dental care services across IndiaLed by Singularity AMC, with DSP family office, Genesis +1 $9.4MIndia
- EvosBuilds autonomous software operators for small physical businessesLed by Uncork Capital, with Crosslink Capital, Utopia Capital Management +1 $9MPre-Seed · United States
- Otter HealthProvides continuous clinical intelligence for healthcare utilization managementLed by Fika Ventures, with Slow Ventures, Metrodora +3 $8MSeed
- OthelloAI sales coaching platform providing real-time guidance during live callsWith a16z speedrun, Owl Capital, Long Journey Ventures +8 $8MSeed · United States
- AatmunnProvides intelligence software for industrial operations through the SPANR platformWith Memento Growth Partners $8MGrowth · United States
- CarbonFarmDevelops and measures decarbonisation projects for rice producersLed by Colam Impact, with Proparco, Suma Capital +8 $7.8MSeries A · France
- NEU Battery MaterialsRecycles lithium iron phosphate batteries to recover battery materialsLed by Shift4Good $7.6MSingapore
- UviBuilds context reasoning software for enterprise AI agentsLed by CT Innovations, with Cardumen, Mana VC +1 $7.5MSeed
- Parallel LoopCombines enterprise AI software with engineering support for existing systemsLed by 3one4 Capital, with Picus Capital, Flourish Ventures +4 $6.6MSeed
- Giraffe BioDevelops programmable biomolecules for lower-impact mineral recoveryLed by Orion Industrial Ventures, with BHP Ventures, Twynam +2 $6.4MSeed · Argentina
- SolveraAI-native engineering firm serving construction and building projectsLed by Seedcamp, with Construct Venture, Inception Fund +7 $6.3MPre-Seed · Norway
- StrideCombines DNA, blood, and gut testing with personalized health insightsWith Arāya Ventures, Morgan Stanley Inclusive & Sustainable Ventures, Better Ventures +2 $6.1MSeed · United Kingdom
- SensydiaDevelops a cardiac performance system for clinical cardiovascular assessmentLed by Colle Capital Partners, with Orlando Health Ventures $6MUnited States
- DaptaProvides AI sales agents that qualify leads and schedule meetingsLed by Chingona Ventures, with Crew Capital, Broom Ventures +3 $6MSeed · United States
- AmbioUses AI to streamline procurement of recycled plastics for businessesLed by b2venture, with Lifeline Ventures, Montis $5.7MSeed
- HoloAI platform that plans and runs marketing for small businessesLed by Market One Capital, with Silicon Gardens, FirstPick +4 $5.6MSeed · Lithuania
- OlsAroUses AI and genetics to develop climate-resilient crop varietiesLed by Industrifonden, with Future Food Fund, AgFunder +2 $5.6M
- Zaria Systems, Inc.Builds infrastructure for structured finance and digital asset-backed lendingLed by Lightspeed Venture Partners $5.2MSeed · United States
- MattersAI-powered consumer banking platform for spending and savings guidanceLed by Jakob Johansson, with Knut Frängsmyr, Douglas Stark +3 $5MPre-Seed
- MarkloBuilds AI marketing campaigns for direct-to-consumer Shopify brandsLed by Forerunner, with Freestyle Capital $5MSeed · United States
- CodeWallProvides autonomous offensive security testing for enterprise systemsLed by Osney Capital, with InReach Ventures, Antler $4MPre-Seed · United Kingdom
- Silvia BioDevelops methods to reduce the cost of manufacturing biologic drugsLed by Northern Gritstone, with Parkwalk, UK Innovation & Science Seed Fund +1 $4MUnited Kingdom
- NuSynth TechnologiesUses AI and predictive models to redesign chemical synthesis processesLed by Avaana Capital $3.8MSeed · India
- Alchera TechnologiesUses AI and transport data to help cities manage roads and public transportLed by British Business Bank's South West Investment Fund, with Maven Capital Partners, Baves Entrepreneurship Fund +3 $3.6MSeed · United Kingdom
- LoopsProvides AI tools for product discovery, shopping assistance, and retail operationsWith a16z speedrun, NTT Docomo, Connecticut Innovations +2 $3.5MSeed · United States
- ElevatryAI platform that automates strategic procurement workflowsWith Bayern Kapital $3.4MPre-Seed · Germany
- reebuildAutomates back-office operations for construction and real estate companiesLed by Fortino Ventures, with Rise PropTech, CuriosityVC $3.4MSeed · Austria
- MetabolizeDevelops science-backed metabolic health products from natural compoundsLed by Astanor, with Maia Ventures, LongGame Venture +1 $3.2MSeed · United States
- Collective X HealthProvides female physiology insights to health and performance brands $3.2MPre-Seed · United States
- IntellivisaAutomates visa, entry and compliance clearance for international travelersLed by Mu Ventures, with Uncommon Denominator, Recursive Ventures +4 $3MPre-Seed · United States
- SubecaDevelops smart water metering hardware and software for utilitiesLed by Burnt Island Ventures, with Cycle H2O, SUEZ $3MSeries A · United States
- ParkMundoOperates an airport parking marketplace and B2B travel distribution platformWith Rabobank $2.6MSeed
- RevRag AIBuilds multilingual AI relationship managers for financial institutionsLed by Accion Ventures, with Cedar Hill Capital, Wyser +1 $2.5MSeed · India
- SpoutProvides tokenized stock-backed loans without borrower interest chargesWith Draper Dragon, Anchorage Digital, Flow Traders +9 $2MStrategic
- BanaraswalaBanarasi food brand serving traditional sweets, chaats, and mealsWith Prax Impex Private Limited $2MSeed · India
- Affinity LabsBuilds AI-powered software brands in partnership with content creatorsLed by Fuel Ventures, with Antler, Google DeepMind +4 $2MPre-Seed
- CosmochuteBuilds space robotics infrastructure for lunar transportation and deploymentLed by Accel, with Operators Studio, Chinmayi Muthyala $1.5MPre-Seed · India
- SainapticProvides AI-assisted assessment marking and feedback tools for education providersLed by Cornerstone VC, with Elm Venture Partners, Brighteye Ventures $1.3MUnited Kingdom
- FLÆ RoboticsAutomates hotel guest communication, reservations, and front-office tasksWith Purple Ventures, Garage Angels $1.1MSeed · Czech Republic
More editions
Raised this week?
MediaBoost gets your round in front of the press, future hires and your next investors.
Announce your round with MediaBoost