Midu Daily · Tuesday, Nov 3, 2026
MIDU
AI
Tech Funding NewsOpenAI trims funding round to $20B at $1.25T valuation as UAE funds lead
OpenAI is now targeting up to $20B in funding at a $1.25T valuation, down from an earlier $30B goal.
SiliconANGLEAlso 1 source reportsAnthropic quarterly revenue jumps to $17B as losses grow ahead of IPO
Anthropic's updated S-1 filing shows $17B in revenue for the quarter ended Sept. 30.
TechCrunch VentureTrajectory raises $45M Series A at $300M valuation to automate AI post-training
Trajectory, an 18-person startup founded by three Stanford classmates, raised a $45 million Series A led by Sequoia at a $300 million valuation.
BetaKitCanada's CAD 1.6 billion Cohere stake sparks debate over state-backed AI champions
Canada committed CAD 1.6 billion to Cohere as part of a planned Series E round.
TechCrunch StartupsAlso 1 source reports42AI exits stealth with $62.5M for a behavioral world model
42AI emerged from stealth with $62.5M in seed funding raised over three years from the founders and Infinity Group.
Munich's Marble Cognition raises €3.35M pre-Seed for AI coworkers
Marble Cognition, a Munich startup founded in late 2025, raised €3.35M ($3.75M) in a pre-Seed round co-led by Heartcore and Seedcamp to scale inference.
Robotics/Hardware
SiliconANGLEMarvell to acquire Lumentum for $115B in optical components deal
Marvell Technology announced plans to acquire optical component maker Lumentum Holdings for $115 billion.
Gallium Defence exits stealth with €7.1M seed for low-cost drone detection
Paris-based Gallium Defence emerged from stealth with a €7.1M seed round led by Keen Venture Partners and 360 Capital.
Climate/Energy
TechCrunch StartupsOmen AI acquires Aquatic Labs for $16M to combine water sensors for data center cooling
Omen AI acquired competitor Aquatic Labs in a $16 million cash-and-stock deal.
Other & Roundup
AlleyWatch FundingNew York startups raise record $4.94B in October 2026
New York startups raised $4.94B across 54 rounds in October 2026, the largest month in NYC funding history.
Tech Funding NewsAlso 2 source reportsCreandum closes Fund VIII at €668M, nearly 17x its first fund
Creandum closed Fund VIII at €668 million, its largest fund to date.