Midu Monthly · October 2026
MIDU
This Month 30 storiesbig stories, the most talked-about are: Anthropic S-1 shows $16.3B revenue, $80.7B net loss ahead of Nasdaq IPO；Legora raises $550M at $8.8B valuation six months after Series D；Tenstorrent raises $1.5B Series E at $6.2B valuation to challenge GPU dominance。
Anthropic S-1 shows $16.3B revenue, $80.7B net loss ahead of Nasdaq IPO
Anthropic filed its S-1 for a Nasdaq listing under the ticker ANT, reporting $16.3 billion in revenue for the first half of the year.
Fortune Term SheetOriginal AI
Legora raises $550M at $8.8B valuation six months after Series D
Swedish legal AI startup Legora raised $550M in a Series E led by Atreides Management at an $8.8B valuation.
SiliconANGLE10.15Modal 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.
TechCrunch Startups10.22Flapping Airplanes raises $1B Series A at a $6B valuation
Flapping Airplanes, a year-old AI lab founded by Aidan Smith and brothers Asher and Ben Spector.
BetaKit10.29Canada to take $1.6B stake in Cohere through planned $7B CAD Series E at $36B valuation
Canada will take a $1.6-billion stake in Cohere through the Canada Development Investment Corporation as part of the Toronto company's planned $7-billion CAD Series E.
SiliconANGLE10.21ASI raises $325M Series C at $3B valuation for infrastructure AI
ASI Inc., formerly Air Space Intelligence, raised a $325M Series C led by Spark Capital at a $3B valuation.
Fortune Term Sheet10.20Daytona raises $60M Series B at $1B valuation for agent sandboxes
Daytona, a San Francisco startup building cloud sandboxes for AI agents, raised a $60 million Series B led by FirstMark at a $1 billion valuation.
SiliconANGLE10.20Nvidia and Dell back $200M Series A for doubleAI
doubleAI, officially AA-I Technologies Ltd., raised $200 million in a Series A co-led by Lightspeed and Bessemer.
SiliconANGLE10.30Wabi raises $55M seed at $1.25B valuation for its consumer AI assistant
Wabi Inc. raised a $55M seed round led by IVP, with Amazon Alexa Fund, Andreessen Horowitz and Forerunner participating.
Fintech
TechCrunch Startups10.15Ramp raises $1.85B at $60B valuation as it pushes deeper into AI
Ramp raised $1.85 billion in a round co-led by Dragoneer, Thrive Capital, Founders Fund.
Tech Funding News10.22Whop raises $205M at $5.1B valuation, led by Sequoia
Whop raised $205 million in a Series D led by Sequoia at a $5.1 billion valuation.
Tech Funding News10.30Kalshi raises $1B at $40B valuation, nearly doubling in five months
Kalshi raised $1B in a Series G co-led by Sequoia Capital and Wellington Management at a $40B valuation.
BetaKit10.28Wealthsimple raises $425M Series F at $13.8B valuation
Wealthsimple has agreed to up to $425 million CAD in Series F financing led by GIC at a $13.8 billion post-money valuation.
Fortune Term Sheet10.26Nevis raises $70M Series B at $500M valuation to bring AI agents to financial advisors
Nevis, a New York startup founded in October 2024 by former Revolut executives.
Enterprise Software
SiliconANGLE10.28Upwind raises $400M at $3.8B valuation as revenue quadruples
Cloud and AI security startup Upwind Security raised $400M at a $3.8B valuation.
Fortune Term Sheet10.30Serval raises $150M Series C at $3B valuation to challenge ServiceNow
Serval raised a $150 million Series C led by Sequoia at a $3 billion valuation, its third round in 12 months and $277 million total.
Tech Funding News10.20Blackwall raises $100M Series C at $2.2B valuation to expand web security for AI agent traffic
Blackwall, an Estonia-founded web security company, raised $100M in a Series C led by AVP at a $2.2B valuation.
Tech Funding News10.21Pigment raises $250M Series E at $2.3B valuation led by EU's Scaleup Europe Fund
Pigment, a Paris-based planning platform competing with Excel, raised a $250M Series E at a $2.3B valuation led by the EU-backed Scaleup Europe Fund.
Fortune Term Sheet10.21Blacksmith raises $66M Series C at $1B valuation as AI-written code surges
Blacksmith, a startup that runs continuous integration infrastructure for testing code before it ships.
Healthcare
SiliconANGLE10.24Pathos AI raises $237M Series E at $3B valuation led by Bristol Myers Squibb
Pathos AI raised $237 million in a Series E round at a $3 billion valuation, led by Bristol Myers Squibb with returning backers including AstraZeneca.
Tech Funding News10.19Nouscom raises $135M Series D to test cancer prevention vaccine NOUS-209
Nouscom raised a $135M Series D co-led by M Ventures and Revelation Partners to fund a global registration-enabling trial of NOUS-209.
Robotics/Hardware
BetaKit10.19Tenstorrent raises $1.5B Series E at $6.2B valuation to challenge GPU dominance
Tenstorrent closed a $1.5 billion Series E led by Trace Capital and Innovation X at a $6.2 billion post-money valuation.
Tech Funding News10.21Eka Robotics raises $150M Series A at $1.45B valuation led by a16z and F-Prime
Eka Robotics raised a $150M Series A led by a16z and F-Prime at a $1.45B post-money valuation.
SiliconANGLE10.27Bedrock Robotics raises $600M Series C at nearly $1B valuation
Bedrock Robotics closed a $600M Series C led by CapitalG and Emergence Capital, with Nvidia and Bessemer participating.
Tech Funding News10.20Dream Labs raises $90M seed led by B Capital and Kindred Ventures for a shared robot AI brain
Dream Labs, a San Francisco startup founded in 2026 by former NVIDIA robotics researchers.
TechCrunch Startups10.23Former OpenAI science lead Kevin Weil launches Warp Sciences with $215M for lab robots
Former OpenAI science lead Kevin Weil launched Warp Sciences, an AI startup that trains robots to make and test drug compounds.
Tech Funding News10.30Fractile raises £577M Series C, filings show, with Anthropic chip order reported
Companies House filings show London inference-chip startup Fractile allotted £577 million in Series C shares between September and October.
SiliconANGLE10.29FuriosaAI raises $620M at $2.9B valuation to scale energy-efficient inference chips
South Korean inference chip startup FuriosaAI raised $620M at a $2.9B valuation.
Other & Roundup
Tech Funding News10.13IonQ to buy zero trust startup Elisity for up to $1.3B in stock
IonQ agreed to acquire zero trust cybersecurity startup Elisity in an all-stock deal worth up to $1.3B.
SiliconANGLE10.27Intel to acquire quantum software startup Classiq for $2.2B
Intel has agreed to acquire Israeli quantum software startup Classiq Technologies for $2.2 billion.