Midu Daily · Thursday, Nov 5, 2026
MIDU
Traversal raises $120M at $1B valuation to automate site reliability engineering
Traversal Inc., a startup building AI agents for site reliability engineering, raised $120 million at a $1 billion valuation in a round led by Kleiner Perkins.
AI
SiliconANGLEApplied Compute raises $350M at $3.25B valuation after topping $100M ARR
Applied Compute raised $350 million at a $3.25 billion valuation in a round led by angel investor Elad Gil.
Fintech
Tech Funding NewsAlso 1 source reportsRevolut completes share sale at $115B valuation, led by Glade Brook, Coatue and Durable
Revolut completed a share sale at a $115 billion valuation, up 53% from $75 billion in November 2025.
Tech Funding NewsPliant raises $80M Series C to open B2B payments to AI agents
Pliant raised an $80M Series C led by Seaya Nova and Speedinvest and has passed $100M in annual recurring revenue. The Berlin fintech plans to expand into the US and Canada and build agentic payments, connecting outside agents such as Claude or ChatGPT through the Model Context Protocol with permissions, spending controls and audit trails.
Finpilot raises $10M Series A for AI agents that handle allocator paperwork
Seattle startup Finpilot raised a $10 million Series A led by Lobby Capital, with Madrona participating.
Healthcare
Fortune Term SheetReed Jobs's Yosemite closes $350M second fund to make cancer non-lethal
Reed Jobs's cancer-focused venture firm Yosemite closed its second fund at $350 million.
Copenhagen's Biograil raises €20M for oral drug delivery device
Copenhagen-based Biograil has closed a €20 million round backed by Verve Ventures and Megatrend Invest.
Other & Roundup
TechCrunch VentureSequoia raises about $10B in new funds while closing London office and shutting down Arc and Scouts
Sequoia Capital said in a memo posted to X that it has raised roughly $10 billion in new funds while closing its London office.
AlleyWatch FundingUS startups raised $20.83B in October 2026, down 25% from September
US startups raised $20.83B across 563 rounds in October 2026, down 25% from September but up 71% from October 2025. Four $1B+ rounds from Ramp.