Top Funding Rounds Week of October 12th
From Ramp's $1.9B round to Modal Labs' latest raise, we analyze the biggest VC deals of the past week. AI and data infrastructure are driving the market.
Published October 19, 2026 by Jacob Klionsky
- 01$1.9BSeries G
Expense management company Ramp raised $1.85 billion in a new funding round at a $60 billion valuation co-led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth.
- 02$896.6MEquity
SWI Group, an AI infrastructure and data-centre operator, raised €800m of equity.
- 03$750MSeries D
Modal Labs, a company designing building blocks for next-generation software, raised $750M in a Series D at a $15.75B valuation led by Accel with participation from Kleiner Perkins and existing investors including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, and Bain Capital Ventures.
- 04$610MEquity
ID Finance, a Spanish fintech, secured €545 million in debt and equity financing from Spice Expeditions, LP, Washington University Investment Management Company, Kingsway Capital, and i80 Group.
- 05$397.1MPreferred
CMR Surgical, a soft-tissue robotic surgery company, received an approximately $400 million preferred equity investment from Stryker, which also gained an exclusive option to acquire 100% of CMR Surgical’s outstanding equity.
- 06$368MEquity
Kairos Power, advanced molten-salt nuclear reactor developer, raised $643 million in combined private and government financing including $368M from private investors led by Google Ventures and DCVC (with $70M from Samsung C&T) and $275M from the U.S. Department of Energy.
- 07$330MEquity
Bending Spoons, a technology company, raised $330 million in a private placement from Berkshire Hathaway, which took a 4% ownership stake.
- 08$304.2MSeries C
OMass Therapeutics, a biotechnology company developing small molecule therapeutics, raised $310 million in an oversubscribed Series C co-led by Bain Capital Life Sciences, Forbion and Novo Holdings with participation from Janus Henderson Investors, SV Health Investors, Jefferson Life Sciences and existing investors including Syncona, Oxford Science Enterprises, GV, Northpond Ventures, Sanofi Ventures, British Business Bank and University of Oxford
- 09$236.2MEquity
Zetwerk, a manufacturing company for industrial components, raised ₹2,251.23 crore in an anchor investor round ahead of its ₹5,012 crore IPO, with participation from BlackRock, Goldman Sachs, Nomura, Capital Group, First Sentier Investors, Norway’s Government Pension Fund Global, ADIA, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, SBI Life Insurance and ICICI Prudential Life Insurance
- 10VoltusEnergy • Sustainability•California$225MSeries D
Voltus, a distributed energy resource platform, raised $225M in a Series D led by Generation Investment Management, Activate Capital, and Vitol, with participation from Broadscale Group, Climate Investment, NGP, Ajax Strategies, and All Aboard Fund.
- 11$200MSeries D
ICON, the global leader in advanced construction technology, raised $200 million in a Series D co-led by Baillie Gifford and funds managed by BlackRock with participation from Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch, The Syndicate, and Tiger Global.
- 12$185MEquity
OPay, the SoftBank-backed fintech payments platform, raised $185 million in a private placement from Standard Bank Group.
- 13$180MSeries F
Scanntech, a retail intelligence, data analytics, and marketing services platform, raised $180M in Series F financing led by L Catterton and Partners Group with participation from Bradesco, SPX, Warburg Pincus, Hindiana, IFC, and Endeavor
- 14$135MSeries B
Soufflé Therapeutics, a biotechnology RNA therapies company, raised $135 million in an oversubscribed Series B led by Juvia Group with participation from TCG Crossover Management, BB Biotech, Fidelity Management & Research Company, Balyasny Asset Management, a Leading Sovereign Wealth Fund, Amgen Ventures, ARCH Venture Partners, Bessemer Venture Partners, Breyer Capital, The Invus Group, Janus Henderson, Leaps by Bayer, Polaris Partners, Safar Partners, TAS Partners, Temasek and Vida Ventures.
- 15$125MSeries B
Salience Labs, a leader in photonic chips for AI datacenter connectivity, raised $125 million in a Series B led by Bullhound Capital with participation from AMD Ventures, Intel Capital, SBI Group, Hudson River Trading, British Business Bank, Applied Ventures LLC, Oxford Science Enterprises, Cambridge Innovation Capital and Silicon Catalyst Ventures.
- 16$100.9MEquity
Flying Whales, a French developer of XXL cargo airships, raised €90 million in a funding round led by CMA CGM (via its Pulse fund) with participation from Carac and other French investors.
- 17$100MEquity
Skeleton Technologies, an Estonian developer of high-power energy-storage systems and supercapacitors, secured a strategic investment of more than $100 million from Siemens AG, pushing its valuation above $1 billion.
- 18$100MSeries E
Labelbox, a San Francisco-based AI platform for reinforcement learning and managed agents, raised over $100 million in a Series E including equity and a credit facility led by Infinitum Partners with participation from Wipro Ventures, Andreessen Horowitz (a16z), B Capital, Tau Ventures, Snowpoint Ventures and others.
- 19$90MSeries E
Suki, an ambient clinical intelligence (ACI) company, raised $90M in a Series E round led by Healthier Capital, Crosslink Capital, and Hercules Capital with participation from Venrock, Flare Capital Partners, Hedosophia, Philips Ventures, and Zoom Ventures.
