Five tracked deals, $728M disclosed — two mega-rounds dominate. Owner (restaurant management SaaS) raised $240M Series D at $2.3B, led by Goldman Sachs Alternatives. Instinct (AI) pulled $250M Series B at $2.5B, co-led by Index Ventures and Benchmark. Gatik (autonomous trucking) secured $200M Series D from Qatar Investment Authority and Koch Disruptive Technologies. Seeds were modest: Keenable $26M (Accel, AI) and Legato $12M (Neotribe, Healthcare). The week skewed late-stage and capital-heavy; no early-stage AI round exceeded $26M. Headline flow flagged additional rounds outside the tracked tape: HubX $75M Series A (Turkey), Roma AI $1.2M seed (LatAm), and a U.S. geothermal startup at $180M. Space funding reportedly hit a record $20.3B in 2026. Mega-round board unchanged: OpenAI $122B, Waymo $16B, Scale AI $14B.
Disclosed round capital in the window. Undisclosed amounts count as zero.
Disclosed rounds in the window · every bar opens the company's live page.
Five tracked deals, $728M disclosed — two mega-rounds dominate. Owner (restaurant management SaaS) raised $240M Series D at $2.3B, led by Goldman Sachs Alternatives. Instinct (AI) pulled $250M Series B at $2.5B, co-led by Index Ventures and Benchmark. Gatik (autonomous trucking) secured $200M Series D from Qatar Investment Authority and Koch Disruptive Technologies. Seeds were modest: Keenable $26M (Accel, AI) and Legato $12M (Neotribe, Healthcare). The week skewed late-stage and capital-heavy; no early-stage AI round exceeded $26M. Headline flow flagged additional rounds outside the tracked tape: HubX $75M Series A (Turkey), Roma AI $1.2M seed (LatAm), and a U.S. geothermal startup at $180M. Space funding reportedly hit a record $20.3B in 2026. Mega-round board unchanged: OpenAI $122B, Waymo $16B, Scale AI $14B.
| Date | Company | Round | Amount | Valuation | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-08-28 | Owner | Series D | $240M | $2.3B | Growth Equity at Goldman Sachs Alternatives | Vertical SaaS |
| 2026-08-26 | Instinct | Series B | $250M | $2.5B | Index Ventures / Benchmark (co-led) | AI |
| 2026-08-26 | Legato | Seed | $12M | — | Neotribe Ventures | Healthcare |
| 2026-08-25 | Gatik | Series D | $200M | — | Qatar Investment Authority / Koch Disruptive Technologies | Automotive |
| 2026-08-25 | Keenable | Seed | $26M | — | Accel | AI |
Where the window's activity sits on the funding ladder: deal count (solid) against disclosed capital (faded) per stage, with the companies behind each cluster. Stages come from the reported round labels; undisclosed amounts count as zero capital.
a16z raised $1.1B for 'The Machine Age Fund,' targeting physical AI buildout — data centers, chips, energy, and infrastructure. This is a supply-crunch thesis: the bottleneck is hardware, not models. Index Ventures and Benchmark co-leading Instinct at $2.5B is notable — two top-tier firms sharing a Series B signals conviction but also price discipline via shared risk. Goldman Sachs Alternatives leading Owner's $240M confirms growth equity's appetite for vertical SaaS with proven revenue. Personal-assistant startups are drawing VC attention; one is reportedly approaching a $1B valuation. Most-active lead list is flat this week — no firm did more than one deal.
| Lead Investor | Deals | Disclosed Capital |
|---|---|---|
| Index Ventures / Benchmark (co-led) | 1 | $250M |
| Growth Equity at Goldman Sachs Alternatives | 1 | $240M |
| Qatar Investment Authority / Koch Disruptive Technologies | 1 | $200M |
| Accel | 1 | $26M |
| Neotribe Ventures | 1 | $12M |
Two significant AI-sector M&A stories. Anthropic reportedly explored a $7B acquisition of AI chip startup MatX — a vertical-integration move mirroring the broader push for custom silicon. No confirmation of a closed deal. Separately, Elon Musk's SpaceX acquired Mesh Optical Technologies after FTC clearance; OpenAI responded by ending model access to Cursor, citing contract violations by Musk-controlled companies. This is the first visible instance of an acquirer's corporate rivalry triggering a downstream API cutoff — a new risk vector for AI-dependent startups. Hugging Face is reportedly exploring a $13B sale after rejecting Nvidia's investment. Shein's IPO marked a 57% valuation drop from
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 1931 ranked. Full board: quantlogix.ai/mega-rounds.
The Silicon Valley Private Market Daily — the 8pm PT desk close: qualified raises, roster re-rates and sector velocity from the QL private-market pipeline.
The private market landscape in late August 2026 remains defined by high levels of concentration in AI-related infrastructure and application funding, despite significant uncertainty in broader economic growth. While specialized funds are successfully raising capital—evidenced by niche-focused vehicles like FGV Capital and Capital F—there is evidence of increased regulatory and news-based volatility, as demonstrated by the suspension of several Nasdaq and NYSE-listed securities due to pending news as of August 28, 2026.
🗂️ Dataset updated: added 2 companies to the QuantLogix private-companies list — FGV Capital, Capital F — 2,334 → 2,336. Append-only.
100 tracked names flagged for markdown risk — 120 scored nightly, 2070 left unscored (no comp bridge). Down rounds are recorded in the open ledger — receipts only work in public. Live boards: markdown-watch · down-round-ledger.
| # | Company | Sector | Risk Score | Band | Vs Comps | Last Mark | Last Round |
|---|---|---|---|---|---|---|---|
| 1 | Linktree | SaaS | 86 | High | +386% | $1.3B | 53 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +215% | $9.0B | 40 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +1843% | $2.7B | 52 mo ago |
| 4 | Forter | Fintech | 80 | High | +949% | $3.0B | 64 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +602% | $2.3B | 65 mo ago |
| 6 | Betterment | Fintech | 80 | High | +426% | $1.1B | 41 mo ago |
| 7 | Cross River Bank | fintech | 80 | High | +211% | $3.0B | 53 mo ago |
| 8 | BetterUp | SaaS | 80 | High | +206% | $4.7B | 59 mo ago |
Nightly score: comp-bridge premium (45%) · round staleness (30%) · IPO-readiness drag (15%) · funding deceleration (10%). Companies without a computable public-comp bridge stay unscored — never guessed.
23 markdowns detected all-time · 4 flagged beforehand · 19 missed · hit rate 17.4%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Splashtop | 2026-08-24 | Mark cut −9.1% | $1.1B → $1.0B | ✗ Missed |
| Amperity | 2026-08-24 | Mark cut −9.1% | $1.1B → $1.0B | ✗ Missed |
| Maven Clinic | 2026-08-24 | Mark cut −20.6% | $1.7B → $1.4B | ✗ Missed |
| Form Energy | 2026-08-24 | Mark cut −30.0% | $2.5B → $1.8B | ✗ Missed |
| Enovate Motors | 2026-08-24 | Mark cut −42.6% | $3.7B → $2.1B | ✗ Missed |
| Fever | 2026-08-24 | Mark cut −79.1% | $18B → $3.6B | ✗ Missed |
| Enter | 2026-08-24 | Mark cut −99.4% | $190B → $1.2B | ✗ Missed |
| Wonder | 2026-08-17 | Mark cut −16.2% | $9.0B → $7.5B | ✗ Missed |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
OpenAI cutting Cursor's model access post-SpaceX acquisition shows that reliance on a single model provider can become an existential threat overnight. Founders building on frontier APIs need multi-provider redundancy or a credible self-hosting path before it's forced on them.
Owner ($240M at $2.3B) and Gatik ($200M) raised on proven vertical traction. The $2B+ valuations went to companies with revenue or deployed fleets, not AI demos. Seed AI rounds stayed small ($12M-$26M). If you're raising Series B+, have the numbers.
Maven Clinic took a 20.6% mark cut; Splashtop and Amperity each -9.1%. Linktree and Replit sit at 86/100 markdown risk. GPs are repricing across sectors, not just high-profile consumer apps. Price your round accordingly.
a16z's $1.1B hardware fund and Anthropic's reported $7B MatX interest point the same direction: capital is moving down the stack from models to chips and infrastructure. For founders, that means infrastructure and energy deals will compete with application-layer rounds for LP dollars. Expect continued late-stage concentration in vertical SaaS and AI with proven revenue; seeds stay disciplined. Wat