The tape shows 5 priced rounds across the past 7 days, $1.4B in disclosed capital. Front of the tape: Gimlet Labs (Series B, $300M, led by Andreessen Horowitz); Polymarket (Strategic round, $1.0B, led by 1789 Capital); Token Security (Series A, $50M, led by Notable Capital). Fintech absorbed the most capital.
Disclosed round capital in the window. Undisclosed amounts count as zero.
Disclosed rounds in the window · every bar opens the company's live page.
The tape shows 5 priced rounds across the past 7 days, $1.4B in disclosed capital. Front of the tape: Gimlet Labs (Series B, $300M, led by Andreessen Horowitz); Polymarket (Strategic round, $1.0B, led by 1789 Capital); Token Security (Series A, $50M, led by Notable Capital). Fintech absorbed the most capital.
| Date | Company | Round | Amount | Valuation | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-09-04 | Gimlet Labs | Series B | $300M | $3.0B | Andreessen Horowitz | AI |
| 2026-09-01 | Polymarket | Strategic round | $1.0B | $21B | 1789 Capital | Fintech |
| 2026-09-01 | Token Security | Series A | $50M | — | Notable Capital | Cybersecurity |
| 2026-09-01 | /dev/fast | Series A | — | $3.2B | — | Technology |
| 2026-09-01 | Increase | Series C | — | $5.0B | — | Fintech |
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.
Most active leads in the window: 1789 Capital (1 deal), Andreessen Horowitz (1 deal), Notable Capital (1 deal).
| Lead Investor | Deals | Disclosed Capital |
|---|---|---|
| 1789 Capital | 1 | $1.0B |
| Andreessen Horowitz | 1 | $300M |
| Notable Capital | 1 | $50M |
6 acquisition headlines crossed the wire — sourced links below.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2023 ranked. Full board: quantlogix.ai/mega-rounds.
Biggest overnight changes in the graded company score — scores only move when disclosed data moves, and every repricing grades the score that was standing.
| Company | Score | Δ |
|---|---|---|
| Thinking Machines Lab | 56 → 51 | -5 |
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 remains dominated by AI-centric capital allocation, with high-profile companies like Standard Bots achieving unicorn status ($1B+ valuations). Significant activity is observed in specialized hardware and industrial AI. Market participants are increasingly wary of AI-model reliability, evidenced by funding into error-reduction infrastructure like 'Probably.' Despite large headline numbers in Q1 2026, volatility and uncertainty persist regarding component constraints for AI infrastructure, as highlighted by active discussions between major firms like Coatue and AI chip developers to create synthetic financing structures.
🗂️ Dataset updated: added 2 companies to the QuantLogix private-companies list — Standard Bots, Probably — 2,341 → 2,343. Append-only.
100 tracked names flagged for markdown risk — 121 scored nightly, 2218 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 | +434% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +251% | $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 | Discord | Consumer | 75 | High | +650% | $15B | 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.
29 markdowns detected all-time · 7 flagged beforehand · 22 missed · hit rate 24.1%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Enable | 2026-08-31 | Mark cut −44.0% | $2.0B → $1.1B | ✗ Missed |
| Shein | 2026-08-31 | Mark cut −48.0% | $50B → $26B | ✓ Flagged #89 · Moderate |
| Fluidstack | 2026-08-31 | Mark cut −58.3% | $18B → $7.5B | ✓ Flagged #20 · Elevated |
| Together AI | 2026-08-31 | Mark cut −60.2% | $8.3B → $3.3B | ✓ Flagged #51 · Elevated |
| Nscale | 2026-08-31 | Mark cut −79.5% | $15B → $3.0B | ✗ Missed |
| Owner | 2026-08-31 | Mark cut −88.5% | $20B → $2.3B | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
Polymarket priced a Strategic round at $1.0B in Fintech. If you are raising in the same lane, that round is the live comp your next term sheet gets measured against.
$1.0B of the window's disclosed capital landed in Fintech. Investor attention clusters — pitch where the momentum already is, or explain clearly why you sit outside it.
100 tracked names sit on Markdown Watch — Linktree tops the board at 86/100 (High risk). Secondary pricing leads primary pricing — stale marks eventually clear, in one direction or the other.
Tomorrow’s edition re-reads the tape at 6:30am PT. Rounds land unevenly — judge the week, not the day.