12 disclosed deals totaling $449M on the displayed tape. Largest: OpenEvidence, reported $250M at a $15B post-money (unlabeled round, no lead listed) — an announcement, not a confirmed close. Mid-cap: BigHat Biosciences $75M Series C (DFJ Growth, Premji Invest co-lead), HIFI $37M Series A (Left Lane), iPiD $16M, Arivihan $10M at $60M post-money. Early stage dominates deal count: Sanyark Space $2M pre-seed, ByteAsk $1M pre-seed (YC/EF), Dextr AI $7M seed, Feather $8M pre-seed (Gradient), Ando $20M combined pre-seed/seed split across Accel, Emergence and Index. Lead-count notes above reflect total round sizes, not individual checks. Mega-round board: OpenAI $122B, Waymo $16B, Scale AI $14B — context, not this week's deals.
Skyroot Aerospace is eyeing a $300M funding round (reported, last 24h, no terms or investors in evidence). Anthropic IPO coverage circulates (TradingKey headline) — treat as speculation; no filing or timetable in the data. A claimed Claude Sonnet 5.5 leak pre-Monday launch is unverified rumor. Fireworks and Fal are reportedly considering new rounds as inference demand soars (The Information, recent context) — deliberations, not commitments. Counterpoint: 36Kr reports a company that raised 300M yuan subsequently announced bankruptcy; capital raised is not survival. Cornelis Networks reported $205M raised (recent context).
Tracked-book weekly: 47 rounds, $2.63B disclosed, vs 31 rounds/$7.07B the prior week — capital down 62.8% even as deal count rose. Scope caveat: tracked disclosed rounds only, not the whole private market, and large rounds dominate the math. Sector splits: AI 13 rounds/$684M (-34.3% wk/wk); Healthcare 4/$481M (up from 1/$100M — OpenEvidence and Rightway drive it); Cybersecurity 3/$420M; Fintech 5/$116M (-65%); new activity in Drug Discovery, Space/Defense, Financial Software and Climate. One round missing its amount; 38 missing valuations.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 47 | 46 | $2.6B |
| Previous 7 days | 31 | 30 | $7.1B |
Week-over-week disclosed capital: -62.8%. 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 | 13 | 13 | $684M | -34.3% |
| Healthcare | 4 | 1 | $481M | +381.0% |
| Cybersecurity | 3 | 1 | $420M | +483.3% |
| Drug Discovery | 2 | 0 | $215M | Not comparable |
| Space / Defense | 1 | 0 | $200M | Not comparable |
| Fintech | 5 | 4 | $116M | -65.0% |
| Financial Software | 2 | 0 | $114M | Not comparable |
| Climate | 1 | 0 | $100M | Not comparable |
Reported post-money marks: OpenEvidence $15B, +25% vs $12B (Jan 2026). Cyera's $400M Series G extension priced flat at $12B vs June — flat is a signal. Rightway $1.75B, +59.1% vs $1.1B in 2021. Brahma AI $2B, +39.9% vs $1.43B (Feb 2025). New marks: Hubble Network $1.6B, Basecamp Research $800M, Verda $1B, Pilgrim $150M seed. Markdown watch (125 of 2,568 scored): Linktree 86/100 (+492% vs public comps), Replit 86 (+179%), Xendit 80 (+1856%) — all flagged High. Recent ledger cuts: Etched -51.5%, Found -70%, Anchorage Digital -28.6%. Step-ups and cuts coexist.
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Arivihan 2026-09-25 | $60M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| OpenEvidence 2026-09-24 | $15B | $12B 2026-01-21 | +25.0% | Tracked roster; source link unavailable |
| Rightway 2026-09-24 | $1.8B | $1.1B 2021-03-30 | +59.1% | Tracked roster; source link unavailable |
| Basecamp Research 2026-09-23 | $800M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Brahma AI 2026-09-23 | $2.0B | $1.4B 2025-02-18 | +39.9% | Tracked roster; source link unavailable |
| Hubble Network 2026-09-23 | $1.6B | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Pilgrim 2026-09-23 | $150M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Cyera 2026-09-22 | $12B | $12B 2026-06-10 | 0.0% | Tracked roster; source link unavailable |
| Verda 2026-09-22 | $1.0B | 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.
12 disclosed deals totaling $449M on the displayed tape. Largest: OpenEvidence, reported $250M at a $15B post-money (unlabeled round, no lead listed) — an announcement, not a confirmed close. Mid-cap: BigHat Biosciences $75M Series C (DFJ Growth, Premji Invest co-lead), HIFI $37M Series A (Left Lane), iPiD $16M, Arivihan $10M at $60M post-money. Early stage dominates deal count: Sanyark Space $2M pre-seed, ByteAsk $1M pre-seed (YC/EF), Dextr AI $7M seed, Feather $8M pre-seed (Gradient), Ando $20M combined pre-seed/seed split across Accel, Emergence and Index. Lead-count notes above reflect total round sizes, not individual checks. Mega-round board: OpenAI $122B, Waymo $16B, Scale AI $14B — context, not this week's deals.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-09-26 | Sanyark Space | Pre-Seed | $2M | — | Avaana Capital; AUM Ventures | Space |
| 2026-09-25 | Arivihan | Series A | $10M | $60M | Accel; Prosus | Education |
| 2026-09-24 | Ando | Pre-seed + Seed (combined) | $20M | — | Index Ventures; Emergence Capital (seed); Accel (pre-seed) | Business/Productivity Software |
| 2026-09-24 | Basalt Health | Series A | $20M | — | NEA | Healthcare |
| 2026-09-24 | BigHat Biosciences | Series C | $75M | — | DFJ Growth; Premji Invest (co-leads) | Drug Discovery |
| 2026-09-24 | ByteAsk | Pre-seed | $1M | — | Y Combinator; Entrepreneur First | Software Development Applications |
| 2026-09-24 | Dextr AI | Seed | $7M | — | Elevation Capital | AI |
| 2026-09-24 | Feather | Pre-Seed | $8M | — | Gradient Ventures | Robotics |
| 2026-09-24 | HIFI | Series A | $37M | — | Left Lane Capital | Fintech |
| 2026-09-24 | iPiD | Series A | $16M | — | Foundation Capital | Fintech |
| 2026-09-24 | Kontext | Seed (unlabeled) | $4M | — | 42CAP | Cybersecurity |
| 2026-09-24 | OpenEvidence | Unlabeled (reported) | $250M | $15B | — | Healthcare |
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.
Fund formation: IIT Madras' deep-tech fund made a first close of Rs 450 crore (~$50M-equivalent reported) toward a Rs 1,000 crore target, deploying Rs 55 crore into four startups (multiple outlets, last 24h). Robinhood launched a fund giving retail investors access to private companies (reported Sept 26) — a distribution shift worth watching, not a capital-formation proof point. Downside counterweight: Bangladesh startup funding hit a 5-year low in Jan–Jun amid investor hurdles; KoreaTechDesk flags persistent early-stage data gaps limiting AI-driven diligence. Coverage note: 38 of this week's rounds lack reported valuations.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| DFJ Growth; Premji Invest (co-leads) | 1 | $75M |
| Left Lane Capital | 1 | $37M |
| Index Ventures; Emergence Capital (seed); Accel (pre-seed) | 1 | $20M |
| NEA | 1 | $20M |
| Foundation Capital | 1 | $16M |
| Accel; Prosus | 1 | $10M |
| Gradient Ventures | 1 | $8M |
| Elevation Capital | 1 | $7M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
Thin PE-specific coverage this cycle. Confirmed items: Aventri (now Stova) closed a growth equity round with HGGC and Level Equity (Dealroom, last 24h; size undisclosed). ETF.com reports private equity bought the firm behind the USO ETF — structure and price not in evidence. Commentary: Reason argues against blanket PE-blame narratives; a Fidelity small-cap growth commentary circulates. Adams Street Venture & Growth Fund filed a Form 4 — a disclosure, not a deployment signal. No buyout multiples, deal sizes or exits with terms appear in the supplied data.
Sovereign and institutional LP themes dominate: The Information profiles how New Mexico's oil windfall became a $2B VC bet (recent context — a program scale figure, not a single commitment). India is planning a ₹20,000 crore (~reported) Frontier AI fund for sovereign AI and compute — a plan, not an appropriation. Egypt is restructuring its Sovereign Fund's role to attract private investment (minister statement, last 24h). Also circulating: Saba Capital Income & Opportunities trades at a claimed 16% NAV discount; IIT Madras' alumni-backed deep-tech fund's Rs 450 crore first close (see VC note). None of these figures equal deployed startup capital.
Qualcomm is reportedly eyeing an acquisition of Tenstorrent to power AI chip ambitions — a report, not a confirmed deal; no price disclosed (Stocktwits, Sept 26). Closed/reported smaller deals: Databricks bought Row Zero for spreadsheet governance feeding AI use cases (TechTarget, recent context); Groundcover acquired Wand for cloud-infrastructure automation (last 24h); Axios reports Adlib bought Paperbox. All terms undisclosed. Deal activity skews to tuck-ins around AI and infrastructure rather than large platform bets. No valuations or consideration amounts appear in the supplied data — treat all as announcements or reports pending confirmation.
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 |
|---|---|---|
| HIFI | 46 → 69 | +23 |
| Firecrawl | 62 → 70 | +8 |
| Tempo | 43 → 46 | +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: 2026-09-27 · sources: private-companies.json, investors.json
No rows in the report window.
No rows in the report window.
No rows in the report window.
No rows in the report window.
Weekend date — digest payload is available but weekday delivery is Mon–Fri only.
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 remains heavily concentrated on AI infrastructure and specialized compute, with massive capital requirements driving mega-round valuations (e.g., $10B+ for early-stage AI firms). Uncertainty persists regarding the durability of these valuations and the ability of hardware-intensive AI startups to scale profitably against global demand.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,568.
100 tracked names flagged for markdown risk — 125 scored nightly, 2433 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 | +492% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +179% | $9.0B | 41 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +1856% | $2.7B | 53 mo ago |
| 4 | Forter | Fintech | 80 | High | +956% | $3.0B | 65 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +607% | $2.3B | 66 mo ago |
| 6 | Betterment | Fintech | 80 | High | +429% | $1.1B | 42 mo ago |
| 7 | Cross River Bank | fintech | 80 | High | +213% | $3.0B | 54 mo ago |
| 8 | Pump | SaaS | 75 | High | +1581% | $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.
Cyera raised a $400M Series G extension at an unchanged $12B post-money versus June. Extensions at flat marks mean insiders chose more capital over a markup — often to extend runway or preserve optics before a later event. If your round timing depends on a step-up, price discovery is happening in extensions like this one, not just in headline Series A–C prints.
The ledger shows recent cuts of -51.5% (Etched), -70% (Found) and -28.6% (Anchorage Digital), while 125 of 2,568 tracked names are scored and 2,433 are not — most of the book is unmarked. Practically: assume your own last round is the least reliable number you have. Build board narratives around execution metrics, not the prior post-money, and pre-negotiate bridge mechanics before you need them.
The Information reports Fireworks and Fal are weighing new rounds as inference demand soars (recent context — deliberations, not signed terms). Combined with compute-heavy sovereign fund plans in India and mega-round boards led by OpenAI at $122B, the demand side for inference infrastructure is the most consistent capital magnet in this cycle. If your product consumes or resells inference, model both cost curves before pricing growth.
Two-speed tape: early-stage count is healthy and AI/healthcare/cyber absorbed most dollars, but weekly disclosed capital fell 63% on a smaller denominator — lumpy, headline-driven. Flat extensions (Cyera) alongside step-ups (OpenEvidence +25%) says repricing is selective, not systemic. Treat Skyroot and Anthropic items as unconfirmed. Week ahead: any Claude Sonnet 5.5 launch, Qualcomm–Tenstorrent confirmation, and whether OpenEvidence's $250M closes as reported.