Midu Weekly · Week 42, 2026 · Oct 12 – Oct 18
MIDU
This Week 20 storiesbig stories, the most talked-about are: Ramp raises $1.85B at $60B valuation as it pushes deeper into AI；Modal raises $750M Series D at $15.75B valuation；IonQ to buy zero trust startup Elisity for up to $1.3B in stock。
Ramp 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.
TechCrunch StartupsOriginal AI
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.
SiliconANGLE10.15Ahead of IPO, Anthropic says Q3 revenue rose 45% to $16.8B
Anthropic told investors at a private meeting that its third-quarter revenue reached $16.8 billion.
TechCrunch Startups10.17Elorian releases Glimpse, a visual reasoning model trained on a few hundred GPUs
Elorian released its first model, Glimpse, as a research preview with API access and a waitlist-only chat interface. Glimpse uses a visual scratch space to crop.
Fintech
Fortune Term Sheet10.15Stand raises $70M Series C at $1B valuation to price wildfire risk with digital twins
Stand, a San Francisco home insurer, raised a $70 million Series C at a $1 billion valuation led by Saga Ventures.
AlleyWatch Funding10.16Stuut raises $52.5M Series B led by Insight Partners for order-to-cash AI
Stuut raised a $52.5M Series B led by Insight Partners, with Andreessen Horowitz.
Tech Funding News10.15Dougs raises €50M from Expedition Growth Capital to automate accounting with AI agents
Dougs raised €50M from Expedition Growth Capital to have AI agents prepare client accounts for chartered accountants to review and sign. The bootstrapped French firm reports €52.2M turnover, over 50,000 clients and 80% gross margins, and plans a 300-person master franchise starting in early 2027.
Tech Funding News10.13Causa Prima raises $20M seed led by Base10 for AI invoice agents
Causa Prima raised a $20M seed round led by Base10 Partners, with QED Investors and FJ Labs joining.
Enterprise Software
Tech Funding News10.14Harmonic Security raises $50M Series B led by Crosspoint Capital
Harmonic Security raised a $50 million Series B led by Crosspoint Capital Partners.
Tech Funding News10.14Rohlik 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.
SiliconANGLE10.16Proofpoint to buy Varonis for $6.3B in cash
Thoma Bravo-owned Proofpoint agreed to acquire data security company Varonis for about $6.3 billion in cash.
Healthcare
Oxford spin-out OMass Therapeutics raises €275M Series C
OMass Therapeutics, a University of Oxford spin-out developing small-molecule drugs.
Fortune Term Sheet10.15Abby Care raises $82M Series C led by Transformation Capital to pay family caregivers
Abby Care, an AI-native home care startup that trains family members to become certified.
AlleyWatch Funding10.13Allara raises $30M to expand AI-backed women's hormonal care
Allara raised a $30M round, bringing total funding to $75M, with existing investors Index Ventures and GV increasing their commitments and Camino Partners.
Microbiotica raises €42M Series C for inflammatory bowel disease treatment
British clinical-stage biopharma company Microbiotica announced the first close of a €42 million Series C round led by British Business Bank.
Robotics/Hardware
SiliconANGLE10.14Salience 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.
SiliconANGLE10.14Ubitium raises $14M to build universal processor for physical AI
German semiconductor startup Ubitium raised $14 million in additional seed funding led by Ibex Investors.
Climate/Energy
Tech Funding News10.15Skeleton Technologies hits $1B+ valuation in Siemens-led round
Siemens led a nine-digit investment that lifted Estonia's Skeleton Technologies above a $1 billion 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.
TechCrunch Startups10.14Scimplify 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.