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QUANTLOGIX STARTUP DAILY
SUNDAY · 09/13/2026 SILICON VALLEY
Displayed Rounds
12
Past 7 days
Disclosed Capital
$1.3B
Past 7 days
Tracked Startups
2,385
QL private book
Mega-Round Board
8
$100M+ recent
Markdown Watch
100
names flagged

Positron AI Series C ($875M) leads the startup tape

The displayed tape shows 12 tracked rounds across the past 7 days, $1.3B in disclosed capital. Front of the tape: Impossible Objects (Series B, $40M, led by Inflection Equity); Cherub (Pre-Seed, $5M); Graph AI (Series A, $13M, led by Insight Partners). AI absorbed the most displayed capital.

Daily Startup News

6 startup operating-news stories captured; funding, investor activity and valuations have separate desks below. Dated items distinguish the last 24 hours from recent context; undated sources are not treated as today's news.

Valuations & Secondary Transactions

5 recent reported post-money marks shown; 16 weekly rounds have no reported post-money valuation. Changes compare dated post-money marks, not investor returns or enterprise values.

Company / Round DateReported Post-MoneyPrior Post-Money / DateMark ChangeEvidence
Inspiren
2026-09-10
$550MUnavailableNot comparableTracked roster; source link unavailable
Positron AI
2026-09-10
$5.0BUnavailableNot comparableTracked roster; source link unavailable
Harvey
2026-09-09
$16B$11B
2026-02-01
+40.9%Tracked roster; source link unavailable
Cognition
2026-09-08
$48B$26B
2026-05-01
+84.6%Tracked roster; source link unavailable
Stoke Space
2026-09-08
$10BUnavailableNot comparableTracked roster; source link unavailable

Historical round marks are not replaced with today's company valuation. Mark changes compare disclosed post-money levels, not investor returns; dilution and financing terms may differ. Secondary indications, fund marks and enterprise values in linked reporting are separate evidence, not interchangeable round valuations.

Capital by Sector

AIAI · $1.0B disclosed in window$1.0BHealthcareHealthcare · $70M disclosed in window$70MFinancial SoftwareFinancial Software · $56M disclosed in window$56MOther HardwareOther Hardware · $40M disclosed in window$40MBusiness/Productivity SoftwareBusiness/Productivity Software · $33M disclosed in window$33MCybersecurityCybersecurity · $25M disclosed in window$25M

Disclosed round capital in the window. Undisclosed amounts count as zero.

The Funding Tape — Past 7 days

The displayed tape shows 12 tracked rounds across the past 7 days, $1.3B in disclosed capital. Front of the tape: Impossible Objects (Series B, $40M, led by Inflection Equity); Cherub (Pre-Seed, $5M); Graph AI (Series A, $13M, led by Insight Partners). AI absorbed the most displayed capital.

DateCompanyRoundAmountReported Post-MoneyLeadSector
2026-09-11 Impossible Objects Series B $40M Inflection Equity Other Hardware
2026-09-10 Cherub Pre-Seed $5M Fintech
2026-09-10 Graph AI Series A $13M Insight Partners Enterprise Systems (Healthcare)
2026-09-10 HyperAccel Series B (PENDING - not closed) $150M Korea Investment Partners; Company K Partners AI
2026-09-10 Inspiren Series C $70M $550M NewView Capital Healthcare
2026-09-10 Positron AI Series C $875M $5.0B NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, Jim Clark (co-leads) AI
2026-09-10 Wyre AI Pre-seed and Seed $5M Ironspring Ventures Construction Technology
2026-09-10 Xapien Series B $56M Spectrum Equity Financial Software
2026-09-09 Covenant Later Stage VC Andreessen Horowitz Defense
2026-09-09 Cymphony Series A $25M Sequoia Capital Cybersecurity
2026-09-09 Euno Series A $23M N47 Business/Productivity Software
2026-09-09 Harmoni Series A $10M Bessemer Venture Partners Business/Productivity Software

Stage Mix — Deals & Capital by Stage

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.

Seed: 2Series A: 4Series B: 3Series C–D: 2Late / Growth: 1
Seed · 2 deals · $10MSeries A · 4 deals · $71MSeries B · 3 deals · $246MSeries C–D · 2 deals · $945MLate / Growth · 1 deal
SeedSeed: 2 deals2 dealsSeed: $10M$10MSeries ASeries A: 4 deals4 dealsSeries A: $71M$71MSeries BSeries B: 3 deals3 dealsSeries B: $246M$246MSeries C–DSeries C–D: 2 deals2 dealsSeries C–D: $945M$945MLate / GrowthLate / Growth: 1 deal1 dealLate / Growth: no disclosed capital
Seed
2 deals · $10M disclosed · 1% of window capital
Series A
4 deals · $71M disclosed · 6% of window capital
Series B
3 deals · $246M disclosed · 19% of window capital
Series C–D
2 deals · $945M disclosed · 74% of window capital
Late / Growth
1 deal · disclosed

VC Activity & Lead Investors

Most active leads in the window: NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, Jim Clark (co-leads) (1 deal), Korea Investment Partners; Company K Partners (1 deal), NewView Capital (1 deal).

Lead InvestorDisplayed DealsAssociated Round Sizes
NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, Jim Clark (co-leads)1$875M
Korea Investment Partners; Company K Partners1$150M
NewView Capital1$70M
Spectrum Equity1$56M
Inflection Equity1$40M
Sequoia Capital1$25M
N471$23M
Insight Partners1$13M

Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.

Private Equity & Growth Buyouts

6 private-equity and growth-buyout stories captured. Announced transactions are not assumed closed; debt financing and enterprise value are not equity investment amounts.

Investment Funds & Capital Formation

6 investment-fund and capital-formation stories captured, covering institutional allocations, new vehicles and fund closes. Fund targets, commitments and assets under management are not investments into a startup.

M&A & Exits

6 acquisition headlines crossed the wire — sourced links below.

Off-Book Wire

Funding headlines from outside the tracked book — sourced links, not QL data.

Mega-Round Board

The largest recent private rounds ($100M+) across the tracked book — 2030 ranked. Full board: quantlogix.ai/mega-rounds.

OpenAIOpenAI · $122B · Late-stage primary122000WaymoWaymo · $16B · 2026 mega-round16000Scale AIScale AI · $14B · Series F + Meta investment14300PrometheusPrometheus · $12B · Funding12000SwitchSwitch · $11B · Buyout/LBO11000Blue OriginBlue Origin · $10B · Private (Bezos-funded)10000

🎯 QL Score Movers

Biggest overnight changes in the graded company score — scores only move when disclosed data moves, and every repricing grades the score that was standing.

CompanyScoreΔ
Anchorage Digital 49 → 66 +17
Stoke Space 61 → 64 +3

Private Markets Weekday Digest · 09/13/2026

Display-only private-markets tape from the tracked roster — formations, priced fundraises, valuation marks, and U.S. VC lead activity. No inferred amounts; empty sections stay empty.

Window: 2026-09-13 · sources: private-companies.json, investors.json

New company formations

NameRound / detailAmount / markDate
Impossible Objects formation 2026-09-13
Flow Engineering formation 2026-09-13
Antioch formation 2026-09-13

Fund raises

No rows in the report window.

Valuation marks

No rows in the report window.

Top U.S. VC activity

No rows in the report window.

Weekend date — digest payload is available but weekday delivery is Mon–Fri only.

Private Market Desk — Evening Edition · 09/12/2026

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.

💰 Notable Raises

  • No newly closed rounds cleared verification in this window.

🔍 Reported, not yet verified

  • Nuclear startup Bluecore Energy — reported $50M Seed; details did not clear cross-source verification — held for manual review, excluded from the dataset.
  • Bluecore Energy — reported $50M Seed; details did not clear cross-source verification — held for manual review, excluded from the dataset.

📊 Valuation re-rates (roster marks that moved)

  • Harvey — $11B (2026-Q1) → $15.5B (+41%) on Later Stage VC led by Diffusion / Lightspeed Venture Partners (co-led).
  • Cognition — $26B (2026-Q2) → $48B (+85%) on Later Stage VC led by Andreessen Horowitz / Accel / Founders Fund / General Catalyst / Avenir (co-led).
  • AfterQuery — $300M (2026-Q2) → $3.2B (+967%) on Growth round (reported).
  • Fluidstack — $7.5B (2026-Q1) → $18B (+140%) on Growth round (series undisclosed) led by Jane Street.
  • Instinct — $500M (2026-Q3) → $2.5B (+400%) on Series B led by Index Ventures / Benchmark (co-led).
  • Firmus Technologies — $5.5B (2026-Q1) → $10.5B (+91%) on Growth Equity led by Nvidia & Coatue.
  • Hadrian — $1.6B (2025-Q3) → $7.9B (+392%) on Series D led by JPMorgan Strategic Investment Group.
  • HappyRobot — $500M (2025-Q3) → $1.2B (+140%) on Series C led by Prysm Capital.
  • Owner — $1B (2025-Q2) → $2.3B (+130%) on Series D led by Growth Equity at Goldman Sachs Alternatives.
  • K2 Space — $3B (2025-Q4) → $6.8B (+127%) on Series D led by Kleiner Perkins / ICONIQ Capital.
  • Anthropic — $965B (2026-Q2) → $1000B (+4%) on Strategic Investment led by AMD.
  • Wonder — $7B (2025-Q2) → $9.7B (+38%) on Series D.
  • Baseten — $5B (2026-Q1) → $13B (+160%) on Series F led by Altimeter Capital, Conviction, Spark Capital.
  • Prometheus — $38B (2026-Q2) → $41B (+8%) on Funding led by Jeff Bezos.
  • Ramp — $32B (2025-Q3) → $44B (+38%) on Series F led by ICONIQ / GIC / Ontario Teachers' Pension Plan.

⚡ Mega-round momentum (sector velocity, closed rounds)

  • AI — $19.8B across 21 rounds / 21 companies (accelerating, 21 vs. 3 prior rounds). Top: Anthropic $5B (Strategic Investment).
  • Defense — $3.4B across 5 rounds / 5 companies (accelerating, 5 vs. 1 prior round). Top: Helsing $1.8B (Late Stage).
  • Energy — $2.6B across 4 rounds / 4 companies (accelerating, 4 vs. 1 prior round). Top: Valar Atomics $1B (Series B).
  • Space / Defense — $1.5B across 2 rounds / 2 companies (new, new vs. a quiet prior window). Top: Stoke Space $1B (Series E).
  • Technology — $1.4B across 6 rounds / 6 companies (new, new vs. a quiet prior window). Top: Battery Storage Startup Antora $550M (Series C).
  • Defense / Industrials — $1.4B across 1 round / 1 company (new, new vs. a quiet prior window). Top: Hadrian $1.4B (Series D).

🚀 New / Stealth Companies

  • No fresh stealth intake surfaced this window.

🏦 Private-Market Fund Watch

  • No new fund registrations, launches, or portfolio changes cleared primary-source verification in this window.

📊 Robinhood Ventures Performance

  • RVI — $28.28 close (2026-09-11) · day -0.35% · since first available close (2026-03-06) +34.67% · NAV/premium-discount not published in today's qualified inputs.
  • RVII — $24.3 close (2026-09-11) · day +0.21% · since first available close (2026-08-13) +5.88% · NAV/premium-discount not published in today's qualified inputs.

🏛️ Institutional Ownership (13F)

  • RVI: no holders currently indexed in the curated top-manager 13F universe. The quarter-over-quarter read is BEARISH: 0 new, 0 increased, 0 decreased, and 1 exited (2026-03-31 → 2026-06-30). Coverage is filing-based and can lag quarter-end by up to 45 days.
  • RVII: no holders currently indexed in the curated top-manager 13F universe. Coverage is filing-based and can lag quarter-end by up to 45 days.

🧭 Macro read

The private market displays intense concentration in AI-adjacent infrastructure, evidenced by Bluecore Energy's rapid $50M seed round for nuclear energy solutions tailored to AI data center demand. Market uncertainty remains high regarding the sustainability of rapid valuation cycles, with high-profile exits and large funding rounds persisting despite regulatory and security scrutiny in the AI sector.

🗂️ Dataset updated: no new closed rounds to add; list holds at 2,382.

🔗 Sources

  • [TechCrunch](https://techcrunch.com/2026/09/08/nuclear-startup-bluecore-energy-raises-50m-seed-round-just-two-months-after-launch/)
  • [RVI market performance](https://polygon.io/)
  • [SEC Form 13F methodology](https://www.sec.gov/divisions/investment/13ffaq.htm)

Markdown Watch

100 tracked names flagged for markdown risk — 122 scored nightly, 2258 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.

Click a column to sort · third click restores rank order
#CompanySectorRisk ScoreBandVs CompsLast MarkLast Round
1 Linktree SaaS 86 High +459% $1.3B 54 mo ago
2 Replit Data / Infra 86 High +238% $9.0B 41 mo ago
3 Xendit Financial Services 80 High +1898% $2.7B 52 mo ago
4 Forter Fintech 80 High +979% $3.0B 64 mo ago
5 Greenlight Fintech 80 High +623% $2.3B 65 mo ago
6 Betterment Fintech 80 High +441% $1.1B 41 mo ago
7 Cross River Bank fintech 80 High +220% $3.0B 53 mo ago
8 Pump SaaS 75 High +1487% $1.5B 27 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.

52 markdowns detected all-time · 10 flagged beforehand · 42 missed · hit rate 19.2%

CompanyDetectedEventMarkCalled?
ChargeBee 2026-09-07 Mark cut −6.7% $3.8B → $3.5B ✗ Missed
Increase 2026-09-07 Mark cut −7.4% $5.4B → $5.0B ✗ Missed
Aurora Solar 2026-09-07 Mark cut −9.1% $4.4B → $4.0B ✗ Missed
Razorpay 2026-09-07 Mark cut −25.3% $7.5B → $5.6B ✗ Missed
Immutable 2026-09-07 Mark cut −28.6% $3.5B → $2.5B ✗ Missed
Zepto 2026-09-07 Mark cut −35.7% $7.0B → $4.5B ✗ Missed
Neuralink 2026-09-07 Mark cut −39.5% $15B → $9.0B ✗ Missed
Gong 2026-09-07 Mark cut −40.0% $7.5B → $4.5B ✗ Missed

Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.

IPO Runway — Latest Deep Dives

Founder & Investor Take

Benchmark against the front of the tape

Positron AI reported a Series C raising $875M in AI. Compare stage, date and financing terms before treating this as a comparable round; the amount raised is not the company valuation.

AI is where the capital went

$1.0B of the window's disclosed capital landed in AI. Investor attention clusters — pitch where the momentum already is, or explain clearly why you sit outside it.

Watch the markdown ledger

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.

Outlook

Tomorrow’s edition re-reads the tape at 6:30am PT. Rounds land unevenly — judge the week, not the day.

Sources & Coverage

Captured as of 2026-09-13T13:30:58.222Z. News comes from Google News RSS, Hacker News and optional Firecrawl search; links identify the reported source. Headlines are deduplicated across sections. Publication time is not necessarily the transaction date.

DeskLookbackStoriesLast 24hUndated Context
Private Equity & Growth Buyouts3 days620
Investment Funds & Capital Formation3 days660
Valuations & Secondary Transactions3 days660
Sector & Technology Trends3 days630
Daily Startup News2 days660
Startup Funding2 days620
M&A & Exits2 days660
VC Activity3 days660
Markdown Watch14 days600

A zero means no eligible stories were captured after deduplication, not no market activity. Source availability and indexing can limit coverage. Older and undated stories are context, not verified same-day events. Tracked-book statistics are not market-wide totals; fund targets, closes and AUM are not deployed startup capital.

QuantLogix briefings are educational market commentary generated from live data, not investment advice. Private-market figures come from public reporting and the QuantLogix private-company dataset; amounts and valuations are as-reported, not audited. Markets carry risk of loss.