Top Funding Rounds Week of October 26th
OpenAI, Cohere, and Baseten led a week of record-breaking AI infrastructure funding. Discover the latest venture capital trends and deal flow analysis.
Published November 2, 2026 by Jacob Klionsky
- 01$11BEquity
OpenAI, an AI developer, secured roughly $11 billion in commitments in its latest financing at a $1.25 trillion valuation with commitments from multiple investors.
- 02$5BSeries E
Cohere, a provider of sovereign AI for regulated industries and governments, announced the initial close of a Series E targeting CAD $7 billion at a CAD $35.7 billion valuation led by the companies of Schwarz Group with participation from Bell Ventures, Bullhound Capital, the Government of Canada, Inovia Capital, NVIDIA and Prosperity7 Ventures.
- 03$3BEquity
Kling AI, Kuaishou's Beijing Kling video-generation large-model business, completed a ¥19.802 billion capital increase, post-money valuation about $17.9 billion, with participating investors including Kuaishou, Kingdee Software, MetaX Digital Intelligence, Shanghai Guofang, the National AI Industry Investment Fund, Hangzhou Alibaba Cloud Feitian, Tianjin Yuanfeng, Beijing Guoke Wentian, Tianjin Lisi Xingque, Tencent, and Baidu.
- 04$2BEquity
Baseten, an AI inference startup, is set to raise about $2 billion in a two-price round valuing the company at $26 billion and $30 billion with Sands Capital set to lead.
- 05$1BSeries G
Kalshi, a prediction market platform, raised $1 billion in a Series G at a $40 billion post-money valuation co-led by Wellington and Sequoia with participation from Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.
- 06$770.2MSeries C
Fractile, a UK chipmaker, raised £577 million in a Series C preferred share allotment disclosed in Companies House filings.
- 07$620MSeries D
FuriosaAI, an AI semiconductor company developing AI accelerators for data center inference, raised $620M in a Series D from backers including Infinitum, QUDA Capital Partners, Cisco Investments, NeoFort Holding, Jericho Capital, Worldline Capital, South Korea’s National Growth Fund, Korea Development Bank (KDB), NAVER, DSC Investment, KDB Capital, NAVER Ventures, Nextrans, Kakao Investment, Export-Import Bank of Korea, UAMCO, and Hanwha Asset Management.
- 08$600MSeries C
Autonomous vehicle technology startup Bedrock Robotics raised $600 million in a Series C at a $4.1 billion valuation co-led by CapitalG and Emergence Capital with participation from US Innovative Technology Fund, Bessemer Venture Partners, Temasek, 8VC, Georgian, Valor Equity Partners, Xora, Eclipse, Perry Creek Capital, and Nvidia.
- 09$350MEquity
Dren Bio, a biotechnology company developing antibody therapeutics, raised $350M in private financing co-led by Juvia Group and Lightspeed Venture Partners with participation from Mirae Asset Capital Life Science, General Catalyst, Cormorant Asset Management, OrbiMed, 8VC, SR One, Taiho Ventures, Mission BioCapital, HBM Healthcare Investments, BVF Partners, Aisling Capital, and ArrowMark Partners
- 10$302.7MSeries F
Wealthsimple, a Canadian financial services platform, agreed to an equity financing of up to C$425 million at a C$13.8 billion post-money valuation led by GIC with participation from Power Corporation of Canada, IGM Financial, ICONIQ, CPP Investments and Inovia.
- 11$201MEquity
Agility Robotics, the humanoid robotics company, raised $465M in gross capital via a SPAC merger with Churchill Capital Corp XI including a $201M PIPE led by Foxconn and participation from NVIDIA, Amazon, SoftBank Vision Fund 2, Schaeffler, Abico, DCVC and Playground Global
- 12$167.1MSeries D Extension
Group14 Technologies, advanced silicon battery materials manufacturer, raised a €150M (~$169M) Series D equity extension that increases its Series D to over $665M, led by a new, undisclosed investor.
- 13$150MSeries D
Firehawk Defense, a defense propulsion company, raised more than $150M in an oversubscribed Series D at a valuation over $1.4B led by Advent and Rochefort Asset Management.
- 14$150MSeries C
Serval, the enterprise service management and automation platform, raised $150 million in a Series C at a $3 billion valuation led by Sequoia, with participation from Elad Gil, Evantic, First Round, General Catalyst, Redpoint, Conviction, and Headline.
- 15$140.2MSeed
Heurotrain, a Dutch high-speed rail startup, raised €125 million in seed funding.
- 16$125MSeries D
MMI (Medical Microinstruments), a surgical robotics company, raised $125 million in a Series D led by BioStar Capital with participation from S3 Ventures, Angelini Ventures, an undisclosed strategic corporate investor, and existing investors
- 17$100MSeries D
Hex Technologies, a data analytics platform, raised $100 million Series D at a $1.2 billion valuation co-led by Peak XV and 137 Ventures, with participation from Amplify, Avra, Andreessen Horowitz, Next Legacy, Redpoint, Sequoia and Zero Prime.
- 18$100MEquity
Solink, a company turning business camera infrastructure into AI vision intelligence, raised more than $100 million in new financing led by Vertu Capital with participation from Growth Equity at Goldman Sachs Alternatives, Golub Growth, and Comcast Ventures.
