Tracked book shows 20 rounds (19 disclosed) totaling $2.55B over the last 7 days, down 45.3% from the prior week's $4.67B. AI dominates with 10 rounds / $1.55B (−33.6% WoW on capital despite round-count tripling). Displayed tape's 12 deals total $1.4B. Headliners: Temporal Series E $550M at $13B post (Lightspeed), up from $5B in Feb (+151%). Factory growth round $200M at $5B post, up from $1.5B in April (+233%). Profound Series D $180M at $1.8B (Sequoia/KP co-lead), up from $1B in Feb (+80%). Positron AI Series C $875M at $5B post (NEA et al. co-leads) dated 9/10 also appears in weekly trends. Instinct (AI) is IN TALKS, not closed — reported target $10B valuation per source headlines. Seed outlier: TypeSafe AI $40M at $200M post (DCVC) — a $40M seed is notable.
Morgan Stanley's $1.3B growth equity fund has invested in Databricks, Anduril, and Ramp (stocktitan, last 24h) — confirms deployment, not just fundraise. Goldman Sachs Alternatives raised $11.7B across new West Street PE vehicles (CryptoRank, marketsmedia). BlackRock plans to restructure corporate 401(k)s toward pension-style allocations (WSJ). McKinsey Technology Trends Outlook 2026 published (McKinsey). Kendall Square biotech incubator launched an international startup program (Harvard Crimson). Canadia Impact Fund backed Cambodian AI startup Newwave (TechNode). Egyptian recycling startup Bekia raised $765K (Launch Base Africa). Veridion raised $20M Series A / €17.5M for business-mapping d
Weekly capital fell 45.3% to $2.55B across 20 tracked rounds vs 15 rounds / $4.67B prior week — fewer mega-rounds this cycle. AI capital declined 33.6% WoW despite round count tripling (3→10), signaling smaller average AI check sizes this week. Software Development Applications ($550M) and Developer Tools ($200M) each emerged from zero prior-week activity. Fintech posted 3 rounds / $72.5M. Healthcare ($70M, Inspiren Series C) and Financial Software ($56M) reappeared. Other Hardware ($40M, Impossible Objects) and Enterprise Systems/Healthcare ($13.3M) round out the book. August 2026 US VC Funding Report published (AlleyWatch) — broader monthly context pending review.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 20 | 19 | $2.6B |
| Previous 7 days | 15 | 14 | $4.7B |
Week-over-week disclosed capital: -45.3%. All eligible tracked rounds are included, independently of the 12-company display limit below. Missing amounts are excluded from capital totals, not estimated. Date-only records use midnight UTC; these are rolling windows, not calendar-day totals.
| Sector | 7d Rounds | Prior 7d Rounds | 7d Disclosed Capital | Capital Change |
|---|---|---|---|---|
| AI | 10 | 3 | $1.5B | -33.6% |
| Software Development Applications | 1 | 0 | $550M | Not comparable |
| Developer Tools | 1 | 0 | $200M | Not comparable |
| Fintech | 3 | 0 | $73M | Not comparable |
| Healthcare | 1 | 0 | $70M | Not comparable |
| Financial Software | 1 | 0 | $56M | Not comparable |
| Other Hardware | 1 | 0 | $40M | Not comparable |
| Enterprise Systems (Healthcare) | 1 | 0 | $13M | Not comparable |
Reported post-money marks: Temporal $13B (from $5B, +151% over 7 months). Factory $5B (from $1.5B, +233% over 5 months). Profound $1.8B (from $1B, +80% over 7 months). TypeSafe AI $200M seed (no prior). Pave Finance $100M Series A (no prior). Inspiren $550M Series C (no prior). Positron AI $5B Series C (no prior). OpenAI: multiple last-24h headlines report pre-IPO valuation talks at $1.2T, up 41% — these are talks, not closed rounds; mega-round board still shows $122B. Instinct reported targeting $10B in funding talks — not closed. Markdown Watch: Linktree (86/100, +441% vs public comps), Replit (86/100, +225%), Xendit (80/100, +1898%) — 100 on watch ledger. Recent mark cuts: Upgrade −30.8%,
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Factory 2026-09-15 | $5.0B | $1.5B 2026-04-16 | +233.3% | Tracked roster; source link unavailable |
| Profound 2026-09-15 | $1.8B | $1.0B 2026-02-24 | +80.0% | Tracked roster; source link unavailable |
| TypeSafe AI 2026-09-15 | $200M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Pave Finance 2026-09-14 | $100M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Temporal 2026-09-14 | $13B | $5.0B 2026-02-17 | +151.0% | Tracked roster; source link unavailable |
| Inspiren 2026-09-10 | $550M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Positron AI 2026-09-10 | $5.0B | Unavailable | Not comparable | Tracked 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.
Disclosed round capital in the window. Undisclosed amounts count as zero.
Disclosed rounds in the window · every bar opens the company's live page.
Tracked book shows 20 rounds (19 disclosed) totaling $2.55B over the last 7 days, down 45.3% from the prior week's $4.67B. AI dominates with 10 rounds / $1.55B (−33.6% WoW on capital despite round-count tripling). Displayed tape's 12 deals total $1.4B. Headliners: Temporal Series E $550M at $13B post (Lightspeed), up from $5B in Feb (+151%). Factory growth round $200M at $5B post, up from $1.5B in April (+233%). Profound Series D $180M at $1.8B (Sequoia/KP co-lead), up from $1B in Feb (+80%). Positron AI Series C $875M at $5B post (NEA et al. co-leads) dated 9/10 also appears in weekly trends. Instinct (AI) is IN TALKS, not closed — reported target $10B valuation per source headlines. Seed outlier: TypeSafe AI $40M at $200M post (DCVC) — a $40M seed is notable.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-09-15 | Factory | Growth round (series undisclosed) | $200M | $5.0B | — | Developer Tools |
| 2026-09-15 | Instinct | New round — IN TALKS, not closed | — | — | — | AI |
| 2026-09-15 | Profound | Series D | $180M | $1.8B | Sequoia Capital / Kleiner Perkins (co-led) | AI |
| 2026-09-15 | TypeSafe AI | Seed | $40M | $200M | DCVC | AI |
| 2026-09-14 | Aron | Seed | $6M | — | Storm Ventures | AI |
| 2026-09-14 | Cornelis Networks | Series C | $205M | — | IAG Capital Partners | AI |
| 2026-09-14 | Flam | Series B | $40M | — | QED Investors | AI |
| 2026-09-14 | Kaiko | Series B extension | $53M | — | S&P Global | Fintech |
| 2026-09-14 | Nuance Labs | Series A | $50M | — | Lightspeed Venture Partners | AI |
| 2026-09-14 | Pave Finance | Series A | $15M | $100M | — | Fintech |
| 2026-09-14 | Temporal | Series E | $550M | $13B | Lightspeed | Software Development Applications |
| 2026-09-11 | Impossible Objects | Series B | $40M | — | Inflection Equity | Other Hardware |
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.
Lightspeed appears twice on displayed tape: Temporal ($550M) and Nuance Labs ($50M) — separate entities (Lightspeed vs Lightspeed Venture Partners). Sequoia/Kleiner Perkins co-lead Profound's $180M D. Portage closed $600M Ventures IV for global fintech (last 24h, citybiz). Radical Ventures announced first close of a multi-billion-dollar Breakouts Fund (CryptoRank). Finvolve hit $9.4M first close toward a $26M India venture fund (Tech in Asia/Dealroom). Two retail veterans raised a debut fund targeting the female economy (Inc.com). LP interest in alternatives reportedly at a 5-year high per a Business Wire survey — supportive of fundraise cadence but not direct capital deployment.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| Lightspeed | 1 | $550M |
| IAG Capital Partners | 1 | $205M |
| Sequoia Capital / Kleiner Perkins (co-led) | 1 | $180M |
| S&P Global | 1 | $53M |
| Lightspeed Venture Partners | 1 | $50M |
| DCVC | 1 | $40M |
| QED Investors | 1 | $40M |
| Inflection Equity | 1 | $40M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
Morgan Stanley's $1.3B growth equity fund has deployed into Databricks, Anduril, and Ramp (stocktitan, last 24h) — confirms that fund is active, not just announced. Goldman Sachs Alternatives closed $11.7B across new West Street PE vehicles (CryptoRank, marketsmedia). LP alternatives interest at 5-year high (Business Wire survey). Private market allocations in defaults could jump fivefold by 2035 (Corporate Adviser) — structurally bullish but long-horizon. Syria's sovereign fund discussed investment opportunities with US firms (Arab News) — early-stage diplomatic/commercial context only.
Portage closed $600M Ventures IV for global fintech (citybiz). Goldman Sachs Alternatives raised $11.7B for PE (CryptoRank, marketsmedia). Morgan Stanley's $1.3B growth equity fund is already deployed in Databricks/Anduril/Ramp (stocktitan). Radical Ventures first close of multi-billion-dollar Breakouts Fund (CryptoRank). Finvolve $9.4M first close toward $26M India fund (Tech in Asia). Novastar Partners made maiden India bet via AJVC investment (bwdisrupt). Two retail veterans raised a debut fund targeting the female economy (Inc.com). BlackRock exploring pension-style 401(k) structures (WSJ) — retail private-market access angle. Fund sizes/AUM are not equivalent to startup investment; clos
Last-24h M&A headlines: Nvidia-Groq AI deal scrutinized as merger-like structure (Lexology). OpenAI reportedly acquired AI optical imaging company Glass Imaging for ~$300M (36Kr, Pulse 2.0). Archer Aviation acquiring Boeing's drone and air-taxi units (MiGFlug). Startups Beep and Freebee merging (Hypepotamus). Bohemia Interactive took a minority stake in Enjoy Studio / Everwind (WN Hub). Recent context: Bending Spoons reportedly acquired Miro at a 90% discount (Forbes, 9/10) — a stark data point on SaaS valuation compression.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2072 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 |
|---|---|---|
| AlphaSense | 63 → 76 | +13 |
| Grow One | 56 → 46 | -10 |
| Factory | 61 → 68 | +7 |
| Fluidstack | 71 → 76 | +5 |
| Positron AI | 62 → 66 | +4 |
| Oura | 72 → 75 | +3 |
| ClickHouse | 68 → 71 | +3 |
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: 2026-09-16 · sources: private-companies.json, investors.json
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No in-tree private-market events matched the report window; amounts and valuations were not inferred.
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 market shows intense concentration in AI infrastructure, characterized by rapid valuation escalations (e.g., Profound hitting unicorn status in 7 months) and massive compute-related deal activity. Significant uncertainty persists regarding AI safety and data governance, as evidenced by major firms (Nvidia, Palantir) restricting model usage and high-profile companies seeking multi-billion dollar funding to address compute bottlenecks.
🗂️ Dataset updated: added 2 companies to the QuantLogix private-companies list — Thatch, Exein — 2,424 → 2,426. Append-only.
100 tracked names flagged for markdown risk — 123 scored nightly, 2300 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 | +441% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +225% | $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 | 66 mo ago |
| 6 | Betterment | Fintech | 80 | High | +441% | $1.1B | 42 mo ago |
| 7 | Cross River Bank | fintech | 80 | High | +220% | $3.0B | 54 mo ago |
| 8 | Pump | SaaS | 75 | High | +1437% | $1.5B | 28 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.
56 markdowns detected all-time · 11 flagged beforehand · 45 missed · hit rate 19.6%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Upgrade | 2026-09-14 | Mark cut −30.8% | $7.3B → $5.0B | ✓ Flagged #64 · Moderate |
| Applied Intuition | 2026-09-14 | Mark cut −60.0% | $15B → $6.0B | ✗ Missed |
| Axonius | 2026-09-14 | Mark cut −61.5% | $2.6B → $1.0B | ✗ Missed |
| Digital Currency Group | 2026-09-14 | Mark cut −80.0% | $10B → $2.0B | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
Temporal (+151%), Factory (+233%), Profound (+80%) all show sharp step-ups from earlier-2026 marks. But these are category leaders with revenue traction. The broader book is flat-to-down: weekly capital fell 45% WoW and markdowns (Applied Intuition −60%, Axonius −61.5%) are accelerating. If you're raising late, expect bifurcation — premium for momentum, hair
TypeSafe AI's $40M seed at $200M post (DCVC) shows seed-stage AI checks remain outsized. But average AI round size this week shrank vs prior week (more rounds, less capital). Capital is spreading thinner across more bets. Founders raising AI seeds should move fast — the window is open but unit economics scrutiny is rising per markdown data.
OpenAI's ~$300M Glass Imaging acquisition, Archer/Boeing drone consolidation, Nvidia-Groq's merger-like structure, and Bending Spoons' discounted Miro acquisition signal acquirers are stepping in. For founders whose valuations outran fundamentals, strategic exits at discounts to last mark may beat down rounds. Track acquirer appetite by sector closely.
Late-stage AI and dev-tools are re-rating sharply at the top (Temporal, Factory, Positron AI), but the broader tracked book is contracting — weekly capital down 45%, markdown watch at 100 names with aggressive cuts logged. OpenAI's reported $1.2T pre-IPO talks and Instinct's $10B target (both unclosed) frame the ceiling; Bending Spoons' 90%-discount Miro acquisition frames the floor. Bifurcation i