News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Disaster-resistant home insurance platform Stand completes USD 70 million Series C financing
According to genztech, disaster-resistant home insurance platform Stand completed USD 70 million Series C financing at a post-money valuation of USD 1 billion, led by Saga Ventures.
Modal crossed $1B ARR with $750M Series D at $15.75B valuation
According to X, on 2026-10-14, Modal completed a USD 750 million Series D funding round at a post-money valuation of USD 15.75 billion. It also disclosed USD 1 billion in ARR.
Flexcompute Secures Strategic Investment for Physics World Model
According to Unite.AI, on October 12, 2026, Boston-based Flexcompute announced a strategic investment from Samsung Ventures and Applied Ventures, the VC arm of Applied Materials, among others; the amount was undisclosed. The funding will grow its research team and GPU compute to advance the Physics World Model across fluids, electromagnetics and structures.
Medical Microinstruments Raises $125M Series D for Robotic Microsurgery
On October 10, 2026, per AIPressRoom, Italian robotic microsurgery firm Medical Microinstruments raised $125 million in a Series D led by BioStar Capital to accelerate commercialization of its Symani Surgical System.
MMI Closes $125M to Expand Robotic Microsurgery
According to AIPressRoom, on October 10, 2026, surgical robotics company Medical Microinstruments (MMI) closed a $125 million Series D round led by BioStar Capital. The funding accelerates commercialization of its Symani Surgical System in the US and international markets; roughly 50 systems are installed worldwide with about 3,500 complex microsurgical procedures completed.
Cori Clinical raises USD 4 million in seed funding to reduce clinical trial protocol amendment costs
On 2026/10/8, AIPressRoom reported that London startup Cori Clinical raised USD 4 million in seed funding, led by Breega. It uses AI to reduce clinical trial protocol amendments and costs and shorten drug trial timelines.
Hai Robotics Series E stalls at valuation above USD 2 billion
36Kr Global reported that warehouse robotics unicorn Hai Robotics’ Series E at a valuation above USD 2 billion had stalled because new investor H Capital had not transferred funds. The round might become an internal round involving participating existing investors including Capital Today, FiveY Capital and Source Code Capital. Hai Robotics submitted its second Hong Kong Stock Exchange prospectus in 2026/9, with approximately CNY 10.9 billion post-money valuation after its Pre-IPO+ round.
Automation Anywhere agrees to acquire enterprise conversational AI company Boost.ai; amount undisclosed
On 2026/10/7, PR Newswire reported that Automation Anywhere had announced an agreement to acquire enterprise conversational AI company Boost.ai from Nordic Capital, with the transaction amount undisclosed and closing expected in the fourth quarter of 2026. This was its second AI acquisition after acquiring Aisera at the end of 2025.
Rivercell raises USD 25 million to build AI virtual cells and accelerate drug discovery
According to European Biotechnology, Rivercell raised USD 25 million on 10/7, led by HV Capital. It is building AI virtual cell models to digitalize key validation stages of drug discovery, aiming to shorten new drug development cycles and reduce early trial-and-error costs.
DeepSeek second funding round nears CNY 80 billion, targeting a valuation of approximately CNY 500 billion
On 2026/10/6, Bloomberg reported, citing people familiar with the matter, that DeepSeek was close to securing at least CNY 80 billion, approximately USD 12 billion, in its latest funding round. This substantially exceeded the initial target of approximately CNY 50 billion, with the final total potentially approaching CNY 100 billion. The target valuation was approximately CNY 500 billion, about USD 74.6 billion. CATL and Tencent had made the largest funding commitments, and the process was nearing completion. This was DeepSeek's second external funding round, following CNY 51 billion raised in month 6 at a post-money valuation near CNY 400 billion. It was preparing for a STAR Market IPO in early 2027.
Ghost raises $11M for a $3,499 computer for personal AI
On 2026/10/5, TechCrunch reported that Ghost, a US personal AI hardware company, completed USD 11 million in seed funding led by Andreessen Horowitz. Founded by 19-year-old Zain Javaid, the company focuses on a local personal AI computer priced at USD 3499.
Supabase raises USD 150 million led by GIC, announces Turso acquisition
On 2026/10/2, PR Newswire reported that open-source database platform Supabase had raised USD 150 million in new funding led by Singapore sovereign wealth fund GIC, with some funds used for employee liquidity. It also announced the acquisition of database technology company Turso, continuing investment in the open-source Postgres ecosystem and agent infrastructure.
Ascerta raises USD 18 million Series A, focuses on measuring enterprise AI investment ROI
Unite.AI reported that on 2026/9/30, enterprise AI management platform Ascerta had raised USD 18 million in Series A funding led by Dell Technologies Capital, with participation from Hitachi Ventures, BGV and Wipro Ventures. Based in Bellevue, Washington, and formerly known as Pay-i, it connects AI costs with business outcomes and measures ROI. It had raised USD 22.9 million in total and was founded in 2024 by former Microsoft executives David Tepper, Doron Holan and Erik Winters.
Ascerta Raises USD 18M in Series A
On September 30, 2026, US-based Ascerta (formerly Pay-i) raised USD 18 million in a Series A led by Dell Technologies Capital. The company tracks enterprise AI costs, performance and ROI to help companies evaluate agent projects.
Miter raises USD 40 million Series B to build AI-native construction operating system
According to Unite.AI, on 2026/9/30, AI-native construction operating system company Miter raised USD 40 million in Series B funding led by Battery Ventures, with Bessemer Venture Partners and Coatue participating. Headquartered in San Francisco, it unifies payroll, compliance, jobsites and project costs. More than 2000 contractors use it, with approximately 2% of US construction workers paid through its system. Total funding reached USD 78 million. Connor Watumull and Tobin Paxton co-founded the company.
Wangsu Technology plans CNY 300 million investment in video generation model company Sand.ai
Wangsu Technology announced plans to invest CNY 300 million in newly issued Series A+ preferred shares of Sand.ai’s Cayman entity, initially providing CNY 300 million to Shanghai Sandai Technology through convertible debt. Its post-investment stake would be 4.3963%.
XinYun Biotech Secures Tens of Millions RMB in Angel+ Round
On September 28, 2026, Suzhou-based XinYun Biotech, developer of AI-powered cerebrovascular interventional ultrasound diagnostic systems, raised tens of millions of RMB in an Angel+ round backed by Delian Capital, Zhongguancun Capital and Sanbo Brain Hospital. The company was founded by Zhao Jun.
OpenEvidence valuation hit $15B post $250 million funding round
On 2026/9/27, Business Insider reported that OpenEvidence, a US medical AI search company, reached a valuation of USD 15 billion after completing USD 250 million in funding.
Omi exceeds USD 5 million annualized revenue run rate
On 2026/9/26, Omi’s founder said on LinkedIn that the open-source AI wearable company had exceeded USD 5 million annualized revenue run rate. Previously relying mainly on organic growth, it had recently started testing paid acquisition. The original post did not separate hardware sales from subscription revenue.
Island doubles ARR annually since 2022, fueling $6.4B valuation post-Series F
On 2026/9/25, according to Island, Island reported a revenue growth signal in the AI Enterprise sector.
50skills raises USD 6 million
On 2026/9/24, Presspool reported that Icelandic HR SaaS company 50skills had raised USD 6 million from Frumtak Ventures, Swiss Post Ventures, Avant and DRD Investments.
Derive Notes says ARR grew from under 10 thousand to above 40 thousand in 25 days
Derive Notes CEO Matthew Martin disclosed on LinkedIn that ARR grew from under 10 thousand to above 40 thousand after 25 days of focused development and marketing. Derive Notes is an intelligent note-taking tool that checks handwritten mathematics. The original post did not specify the ARR currency.
Pillar says ARR rises to 3 million, with more than 900 customers
Pillar’s VP of Business Thierry Collard disclosed on LinkedIn that ARR had grown from 2 million to 3 million over the past 60 days, with more than 900 customers. Pillar provides management and financial software for Italian construction businesses. The original post did not specify the ARR currency.
Pingdeng AI Raises RMB 10M in Seed Round
On September 23, 2026, Hangzhou-based Pingdeng AI, an AI post-training data services provider, raised RMB 10 million in a Seed round from NIO Capital and others. The company was founded by Wang Quan.