The displayed tape shows 12 tracked rounds across the past 7 days, $5.4B 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.
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.
The full tracked book records 17 rounds in the last 7 days versus 34 in the preceding 7 days. 16 rounds disclose an amount; 1 do not. These are tracked-book observations, not market-wide totals.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 17 | 16 | $5.7B |
| Previous 7 days | 34 | 33 | $10B |
Week-over-week disclosed capital: -44.7%. 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 |
|---|---|---|---|---|
| Energy | 2 | 1 | $4.0B | +383.2% |
| AI | 6 | 9 | $701M | -79.1% |
| Defense & Space | 1 | 0 | $308M | Not comparable |
| Developer Tools | 1 | 0 | $200M | Not comparable |
| Gaming | 1 | 0 | $150M | Not comparable |
| Other Restaurants, Hotels and Leisure | 1 | 0 | $125M | Not comparable |
| Robotics | 1 | 0 | $80M | Not comparable |
| Cybersecurity | 1 | 3 | $72M | -77.5% |
6 recent reported post-money marks shown; 11 weekly rounds have no reported post-money valuation. Changes compare dated post-money marks, not investor returns or enterprise values.
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Crusoe Energy Systems 2026-09-17 | $31B | Unavailable | Not comparable | Tracked 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 | $200M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Vantora 2026-09-15 | $200M | 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.
The displayed tape shows 12 tracked rounds across the past 7 days, $5.4B 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.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 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 |
| 2026-09-16 | Nex | Series E (plus a credit facility) | $150M | — | Baillie Gifford and BAI Capital (co-leads) | Gaming |
| 2026-09-15 | Euclyd | Series A | $231M | — | Samsung, Somerset Capital Partners, Scaleup Europe Fund (EQT) and Innovation Industries (co-leads) | AI |
| 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 |
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: Atreides Management, Mubadala Capital and Valor Equity Partners (1 deal), Samsung, Somerset Capital Partners, Scaleup Europe Fund (EQT) and Innovation Industries (co-leads) (1 deal), Sequoia Capital / Kleiner Perkins (co-led) (1 deal).
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| Atreides Management, Mubadala Capital and Valor Equity Partners | 1 | $3.9B |
| Samsung, Somerset Capital Partners, Scaleup Europe Fund (EQT) and Innovation Industries (co-leads) | 1 | $231M |
| Sequoia Capital / Kleiner Perkins (co-led) | 1 | $180M |
| Vista Equity Partners / Cambium Capital / Emergence Capital (co-led) | 1 | $150M |
| Baillie Gifford and BAI Capital (co-leads) | 1 | $150M |
| Centaurus Capital and Doerr Capital | 1 | $135M |
| Valor Atreides AI Fund and Hummingbird Ventures | 1 | $80M |
| Crosspoint Capital Partners | 1 | $72M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
6 private-equity and growth-buyout stories captured. Announced transactions are not assumed closed; debt financing and enterprise value are not equity investment amounts.
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.
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 — 2181 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 |
|---|---|---|
| Crusoe Energy Systems | 73 → 79 | +6 |
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: 2026-09-21 · 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 private market is heavily concentrated on AI infrastructure and agentic models, as evidenced by large raises for Vantora and Instinct. Despite record global venture funding of $510 billion in H1 2026, there is significant uncertainty regarding the sustainability of valuations for high-hype startups and the ability of non-established fund managers to compete for deal flow.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,500.
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.
| # | Company | Sector | Risk Score | Band | Vs Comps | Last Mark | Last 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.
60 markdowns detected all-time · 11 flagged beforehand · 49 missed · hit rate 18.3%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Anchorage Digital | 2026-09-21 | Mark cut −28.6% | $4.2B → $3.0B | ✗ Missed |
| Etched | 2026-09-21 | Mark cut −51.5% | $10B → $5.0B | ✗ Missed |
| Found | 2026-09-21 | Mark cut −70.0% | $2.0B → $600M | ✗ Missed |
| Public | 2026-09-21 | Mark cut −99.4% | $190B → $1.2B | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
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.
$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.
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.