Midu Daily · Thursday, Oct 15, 2026
MIDU
Modal raises $750M Series D at $15.75B valuation
Modal Labs raised $750M in a Series D led by Accel, with Kleiner Perkins and existing investors.
SiliconANGLEOriginal AI
Prime Intellect acquires vision AI startup Moondream
Prime Intellect, a San Francisco AI cloud company valued at $1 billion, has acquired Seattle-founded Moondream.
Crunchbase NewsStella & Dot founder Jessica Herrin raises $5M seed for AI marketing startup Marklo
Jessica Herrin, founder of Stella & Dot, raised $5 million in seed funding for Marklo.
Fintech
Fortune Term SheetFragment raises $12M Series A to keep AI agents from mishandling company money
Fragment, a New York startup founded by Thomas Neckel and Varun Mohan.
AlleyWatch FundingLeela raises $4.6M seed to automate compliance work with AI agents
Leela raised a $4.6M seed round co-led by Array Ventures and Female Founders Fund to build AI agents that execute compliance work for regulated financial businesses. Its RegLang language links each requirement to the underlying tasks and evidence, and agents already handle fraud and AML reviews, customer complaints, and draft suspicious activity reports for human review. One early customer's 40 policies became 262 actionable obligations.
Enterprise Software
Tech Funding NewsAlso 1 source reportsHarmonic Security raises $50M Series B led by Crosspoint Capital
Harmonic Security raised a $50 million Series B led by Crosspoint Capital Partners.
Tech Funding NewsRohlik founder's Duvo raises $32M Series A led by Balderton
Duvo, founded by Rohlik's Tomas Cupr, raised a $32M Series A led by Balderton Capital.
Robotics/Hardware
SiliconANGLESalience Labs raises $125M Series B for optical AI data center switches
Salience Labs raised a $125 million Series B led by Bullhound Capital, with Intel Capital.
Crypto/Web3
Fortune Term SheetKraken parent Payward to acquire Lithuania's Saldo Bank
Payward, the parent company of crypto exchange Kraken, agreed to acquire Lithuania-based Saldo Bank.
Other & Roundup
TechCrunch StartupsScimplify raises $25M to use AI for critical materials
Scimplify raised a $25M all-equity round led by Hitachi Ventures, with Henkel and Teknor Apex joining as investors.
Getty Images to go private via bankruptcy, keep Seattle HQ
Getty Images plans a prearranged Chapter 11 bankruptcy that will take the company private while keeping its Seattle headquarters and its roughly 300 local employees. Members of the Getty family and Koch Equity Development affiliates will invest up to $533 million and co-own the company, with bondholders retiring $270 million in unsecured debt and public shareholders expected to be wiped out. Getty posted $84 million in operating income on $981 million in revenue last year but a $206 million net loss, and its creative stock-photo revenue fell 2.6% in Q2 amid competition from AI-generated images.