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QUANTLOGIX STARTUP DAILY
SATURDAY · 09/19/2026 SILICON VALLEY
Displayed Rounds
12
Past 7 days
Disclosed Capital
$5.2B
Past 7 days
Tracked Startups
2,433
QL private book
Mega-Round Board
8
$100M+ recent
Markdown Watch
100
names flagged

Crusoe Energy Systems Series F ($3.9B) leads the startup tape

The displayed tape shows 12 tracked rounds across the past 7 days, $5.2B in disclosed capital. Front of the tape: Crusoe Energy Systems (Series F, $3.9B, led by Atreides Management, Mubadala Capital and Valor Equity Partners); Mazama Energy (Series B, $135M, led by Centaurus Capital and Doerr Capital); MIND (Series B, $72M, led by Crosspoint Capital Partners). Energy 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

8 recent reported post-money marks shown; 14 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
Crusoe Energy Systems
2026-09-17
$31BUnavailableNot comparableTracked roster; source link unavailable
Impulse Space
2026-09-16
$5.6B$4.3B
2026-06-02
+31.5%Tracked roster; source link unavailable
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
$200MUnavailableNot comparableTracked roster; source link unavailable
Vantora
2026-09-15
$200MUnavailableNot comparableTracked roster; source link unavailable
Pave Finance
2026-09-14
$100MUnavailableNot comparableTracked roster; source link unavailable
Temporal
2026-09-14
$13B$5.0B
2026-02-17
+151.0%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.

Capital by Sector

EnergyEnergy · $4.0B disclosed in window$4.0BAIAI · $470M disclosed in window$470MDefense & SpaceDefense & Space · $308M disclosed in window$308MDeveloper ToolsDeveloper Tools · $200M disclosed in window$200MRoboticsRobotics · $80M disclosed in window$80MCybersecurityCybersecurity · $72M disclosed in window$72M

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, $5.2B in disclosed capital. Front of the tape: Crusoe Energy Systems (Series F, $3.9B, led by Atreides Management, Mubadala Capital and Valor Equity Partners); Mazama Energy (Series B, $135M, led by Centaurus Capital and Doerr Capital); MIND (Series B, $72M, led by Crosspoint Capital Partners). Energy absorbed the most displayed capital.

DateCompanyRoundAmountReported Post-MoneyLeadSector
2026-09-17 Crusoe Energy Systems Series F $3.9B $31B Atreides Management, Mubadala Capital and Valor Equity Partners Energy
2026-09-17 Mazama Energy Series B $135M Centaurus Capital and Doerr Capital Energy
2026-09-17 MIND Series B $72M Crosspoint Capital Partners Cybersecurity
2026-09-17 Watney Robotics Series A $80M Valor Atreides AI Fund and Hummingbird Ventures Robotics
2026-09-16 Arcee AI Series B $150M Vista Equity Partners / Cambium Capital / Emergence Capital (co-led) AI
2026-09-16 Impulse Space Series D extension $308M $5.6B Defense & Space
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 RegCell Series A $44M Playground Global Biotech
2026-09-15 TypeSafe AI Seed $40M $200M DCVC AI
2026-09-15 Vantora Growth equity (majority stake) $100M $200M Silversmith Capital Partners AI

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: 1Series A: 2Series B: 3Series C–D: 2Late / Growth: 3Other: 1
Seed · 1 deal · $40MSeries A · 2 deals · $124MSeries B · 3 deals · $357MSeries C–D · 2 deals · $488MLate / Growth · 3 deals · $4.2BOther · 1 deal
SeedSeed: 1 deal1 dealSeed: $40M$40MSeries ASeries A: 2 deals2 dealsSeries A: $124M$124MSeries BSeries B: 3 deals3 dealsSeries B: $357M$357MSeries C–DSeries C–D: 2 deals2 dealsSeries C–D: $488M$488MLate / GrowthLate / Growth: 3 deals3 dealsLate / Growth: $4.2B$4.2BOtherOther: 1 deal1 dealOther: no disclosed capital
Seed
1 deal · $40M disclosed · 1% of window capital
Series A
2 deals · $124M disclosed · 2% of window capital
Series B
3 deals · $357M disclosed · 7% of window capital
Series C–D
2 deals · $488M disclosed · 9% of window capital
Late / Growth
3 deals · $4.2B disclosed · 81% of window capital
Other
1 deal · disclosed

VC Activity & Lead Investors

Most active leads in the window: Atreides Management, Mubadala Capital and Valor Equity Partners (1 deal), Sequoia Capital / Kleiner Perkins (co-led) (1 deal), Vista Equity Partners / Cambium Capital / Emergence Capital (co-led) (1 deal).

Lead InvestorDisplayed DealsAssociated Round Sizes
Atreides Management, Mubadala Capital and Valor Equity Partners1$3.9B
Sequoia Capital / Kleiner Perkins (co-led)1$180M
Vista Equity Partners / Cambium Capital / Emergence Capital (co-led)1$150M
Centaurus Capital and Doerr Capital1$135M
Silversmith Capital Partners1$100M
Valor Atreides AI Fund and Hummingbird Ventures1$80M
Crosspoint Capital Partners1$72M
Playground Global1$44M

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 — 2072 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
Crusoe Energy Systems 73 → 79 +6

Private Markets Weekday Digest · 09/19/2026

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: 2026-09-19 · sources: private-companies.json, investors.json

New company formations

NameRound / detailAmount / markDate
Vantora formation 2026-09-19
RegCell formation 2026-09-19
Suniva formation 2026-09-19

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 · 09/18/2026

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

  • Crusoe$3.9B Series F at a $30.9B valuation (+ Atreides Management, Valor Equity Partners, Mubadala Capital). AI infrastructure demand and data center development One of the largest funding rounds of the week, signaling massive capital intensity for AI infrastructure. (Denver, CO)
  • Mantic$25M Seed. Superhuman AI forecasting Leverages predictive performance after a Metaculus competition win to secure venture capital.
  • Temporal Technologies$550M Series E at a $12.6B valuation (+ Lightspeed, Wellington Management, Goldman Sachs Alternatives, Tiger Global). Open source platform for AI agents and enterprise systems Secured significant growth capital to support development of long-running AI agents. (Bellevue, WA)
  • Treble$18M Series A Extension led by Paladin Capital Group (+ KOMPAS VC, Frumtak Ventures, EIC, Omega ehf). Voice simulation platform for AI and robotics Provides specialized voice simulation capabilities for industrial hardware and AI model developers.

📊 Valuation re-rates (roster marks that moved)

  • Impulse Space — $4.3B (2026-Q2) → $5.6B (+31%) on Series D extension.
  • Factory — $1.5B (2026-Q2) → $5B (+233%) on Growth round (series undisclosed).
  • Profound — $1B (2026-Q1) → $1.8B (+80%) on Series D led by Sequoia Capital / Kleiner Perkins (co-led).
  • Temporal — $5B (2026-Q1) → $12.6B (+151%) on Series E led by Lightspeed.
  • 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).
  • Upwind — $1.5B (2026-Q1) → $3.8B (+153%) on Series C led by Bessemer Venture Partners, TCV.
  • 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 — $18.7B across 22 rounds / 22 companies (accelerating, 22 vs. 6 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 — $2.7B across 5 rounds / 5 companies (accelerating, 5 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).
  • Defense / Industrials — $1.4B across 1 round / 1 company (new, new vs. a quiet prior window). Top: Hadrian $1.4B (Series D).
  • Technology — $1.3B across 5 rounds / 5 companies (accelerating, 5 vs. 1 prior round). Top: Battery Storage Startup Antora $550M (Series C).

🚀 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 — $27.75 close (2026-09-18) · day -0.04% · since first available close (2026-03-06) +32.14% · NAV/premium-discount not published in today's qualified inputs.
  • RVII — $22.86 close (2026-09-18) · day +0.62% · since first available close (2026-08-13) -0.39% · 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 exhibits significant concentration of capital into AI infrastructure and compute-heavy sectors. High-valuation, multi-billion dollar rounds remain common for infrastructure providers like Crusoe and Temporal, reflecting intense demand for AI scaling capabilities despite economic uncertainty.

🗂️ Dataset updated: added 3 companies to the QuantLogix private-companies list — Mantic, Temporal Technologies, Treble — 2,431 → 2,434. Append-only.

🔗 Sources

  • [TechStartups](https://techstartups.com/)
  • [Crunchbase News](https://news.crunchbase.com/venture/biggest-funding-rounds-ai-space-fintech-temporal/)
  • [TechCrunch](https://techcrunch.com/2026/09/17/how-bain-capital-ventures-plans-to-deploy-its-fresh-1-6b-fund/)
  • [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 — 123 scored nightly, 2308 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 +482% $1.3B 54 mo ago
2 Replit Data / Infra 86 High +225% $9.0B 41 mo ago
3 Xendit Financial Services 80 High +1958% $2.7B 52 mo ago
4 Forter Fintech 80 High +1011% $3.0B 64 mo ago
5 Greenlight Fintech 80 High +644% $2.3B 66 mo ago
6 Betterment Fintech 80 High +457% $1.1B 42 mo ago
7 Cross River Bank fintech 80 High +229% $3.0B 54 mo ago
8 Pump SaaS 75 High +1553% $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%

CompanyDetectedEventMarkCalled?
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.

IPO Runway — Latest Deep Dives

Founder & Investor Take

Benchmark against the front of the tape

Crusoe Energy Systems reported a Series F raising $3.9B in Energy. Compare stage, date and financing terms before treating this as a comparable round; the amount raised is not the company valuation.

Energy is where the capital went

$4.0B of the window's disclosed capital landed in Energy. 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.

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.