Top Funding Rounds Week of October 19th
OpenAI and Tenstorrent lead a $30B+ week of venture funding. Discover the latest moves in AI and biotech infrastructure from this week's top deals.
Published October 26, 2026 by Jacob Klionsky
- 01$30BEquity
OpenAI, the artificial intelligence research lab behind ChatGPT, is negotiating a roughly $30 billion private funding round with potential participation from SoftBank, MGX, Coatue Management and investors from the UAE.
- 02$1.5BSeries E
Tenstorrent, an AI computing company, raised $1.5B in a Series E at a $6.2B post-money valuation led by Trace Capital and Innovation X with participation from Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets
- 03$1BSeries A
Flapping Airplanes, an AI systems startup, raised $1 billion in a Series A co-led by Index Ventures and Lux Capital.
- 04$854MEquity
Reliance Jio Platforms, the digital/technology arm of Reliance with a telecom subsidiary, raised $854 million from IPO anchor investors in an initial public offering anchor allocation led by Abu Dhabi Investment Authority, Government of Singapore (GIC), Qatar Investment Authority, Norges Bank Investment Management, Life Insurance Corporation of India, SBI Funds Management, ICICI Prudential Asset Management and HDFC Asset Management
- 05$550MSeries E
Legora, a Swedish legal AI startup, raised $550M in a Series E at an $8.8B valuation led by Atreides Management with participation from new investors including Baron Capital, Capital Group, Fidelity, Glade Brook Capital Partners and JP Morgan, and existing investors such as Accel, Benchmark, Bessemer Venture Partners, General Catalyst, Iconiq, Insight Venture Partners, Redpoint Ventures, Salesforce Ventures and Sands Capital.
- 06$400MSeries E
Neolix, the Chinese developer of autonomous logistics vehicles (Robovans), raised nearly $400 million in a Series E round anchored by Boyu Capital with participation from Alibaba’s AEF NextGen Fund, Monolith Management, Granite Asia, Vertex Growth, Meridian Capital, GAC Capital, Trustar Capital, CDH VGC, and Yunqi Partners.
- 07$330MEquity
Pilot Fiber, an enterprise connectivity provider serving the New York metropolitan area, raised more than $330 million in new financing led by Fengate Asset Management.
- 08$325MSeries C
Air Space Intelligence, a frontier AI company orchestrating critical infrastructure and national security, raised $325M Series C at a $3B valuation led by Spark Capital with major participation from affiliates of Citadel Securities, Meritech Capital, Craft Ventures, Energy Impact Partners, and Andreessen Horowitz (a16z).
- 09$320MNon-Equity Assistance
Otter.ai, a meeting note-taking tool, raised $320 million in non-dilutive growth funding from General Catalyst's Customer Value Fund (CVF).
- 10$270MSeries C
Ajaib, an Indonesian investment platform, raised $270 million in a funding round at an implied ~$1.35 billion post-money valuation led by SBI Holdings (which acquired a 20% stake).
- 11$250MSeries E
Pigment, an AI business planning and performance management platform, raised $250M in a Series E at a $2.3B valuation led by Scaleup Europe Fund managed by EQT, with participation from WIL (World Innovation Lab), existing investors Greenoaks, ICONIQ, IVP, Meritech, and a planned investment from NVIDIA.
- 12$250MSeries D
Xona Space Systems, a California-based satellite startup building a commercial GPS alternative, raised $250 million in a Series D at a $2.45 billion valuation led by Future Ventures.
- 13$237MSeries E
Pathos, an AI drug development startup, raised $237 million in a Series E at a $3 billion valuation led by Bristol Myers Squibb with participation from AstraZeneca, NEA, General Atlantic and unnamed returning backers.
- 14$215MSeries A
Warp Sciences, a biotechnology infrastructure company, raised $215 million in funding led by Lightspeed with participation from Premji Invest, Mayfield, IVP, Lux, Conviction, Menlo Ventures, 01 Advisors, Standard, Lowercarbon Capital, Gigascale Capital, Angular Ventures, Scribble Ventures, Uncork Capital, Innovation Endeavors, Matter VP, Zero Shot Fund, SignalFire, Moxxie Ventures, and angel investors including Brian Armstrong, Mike Krieger, Ion Stoica, Dylan Field, Mark Chen, and Sarah Friar.
- 15$200MSeries A
doubleAI, an AI company founded by Amnon Shashua, raised $200 million in a Series A co-led by Lightspeed Venture Partners and Bessemer Venture Partners with participation from Dell Technologies Capital, NVIDIA, Greenfield, Pitango and BRM
- 16$200MSeries D
Whop, a technology company on a mission to deliver everyone a sustainable income, raised $200 million Series D at a $5.1 billion valuation led by Sequoia and Shopify Ventures
- 17$200MEquity
Star Therapeutics, a biotechnology company, raised $200 million in a private financing co-led by OrbiMed and Janus Henderson Investors with participation from Agent Capital, Catalio Capital Management, Cormorant Asset Management, New Leaf Venture Partners, NYBC Ventures, RA Capital Management, Redmile, Sofinnova Investments, Soleus Capital, and a leading sovereign wealth fund.
- 18$160MSeries A
Arda Industries, an AI manufacturing software startup, raised $160 million Series A at a $1.5 billion valuation co-led by Altimeter, Accel, and Khosla Ventures (bringing total capital raised to $232 million with prior seed investors Accel and Founders Fund, and participation from XYZ Venture Capital, 8VC, SVAngel, and Felicis).
- 19$150MSeries A
Eka Robotics, a dexterous robotics startup, raised $150 million in a Series A at a reported $1.45 billion valuation led by Andreessen Horowitz and F-Prime with participation from Obvious Ventures, E14 Fund, MFV Partners, Bison Ventures, Glasswing Ventures, Samsung Next and several unnamed Fortune 500 strategic investors.
- 20$134.7MSeries D
Nouscom, a clinical-stage cancer interception biotech, raised €120 million ($135 million) in an oversubscribed Series D co-led by M Ventures and Revelation Partners with participation from Angelini Industries, the European Investment Bank (through Aurea), Neva SGR, 5AM Ventures, Andera Partners, Angelini Ventures, Bpifrance, CDP Venture Capital, EQT Life Sciences, Indaco Venture Partners, Panakes Partners, Versant Ventures and XGEN Ventures.
