Six tracked rounds in the last 7 days, $8.5B disclosed — but $8.2B of that is AMD's announced acquisition of World Labs, an enterprise value, not venture capital into startups. Strip it out and actual raised capital was roughly $252M across five deals, versus 47 rounds and $2.72B the prior week: deal count fell hard, and the headline capital jump (+210.7%) is one transaction, not a market re-acceleration. The remaining tape skews small and early: Modulate's $25M venture round (Future Ventures), Outmarket's $35M Series B (SignalFire, $335M reported post-money), Arivihan's $10M Series A (Accel/Prosus, $59.5M post-money), Sanyark Space's $2M pre-seed ($7.5M post-money per valuation record), plus Astro Digital's announced $180M SPAC merger and PIPE led by Proem Asset Management — an announcement, not a closing. Sectors that printed last week went quiet: healthcare (5 rounds, $581M), drug discovery ($215M) and business software ($24M) all at zero this week.
Devoted Health raised $1.2B as it accelerates growth (Endpoints). AI cybersecurity startup Armadin is reported valued above $2.5B after a new round. Charter Space, a space insurer, raised a $5M seed. Simple Energy raised ₹1,750 crore in Series C for R&D and a new plant; Confido raised $55M, though its CPG margin gains are described as unproven by the source. Legato launched AI hearing glasses; SatLEO plans India's first commercial thermal payload at ~500km orbit. Zaperon raised Rs 7 crore for AI security frameworks. Israel September funding totaled $2.77B on five mega-rounds.
Tracked-book weekly: 6 rounds vs 47 prior, capital $8.45B vs $2.72B — the swing is entirely the World Labs acquisition. AI sector shows 2 rounds/$8.225B vs 14 rounds/$685M prior: fewer deals, headline-driven dollars. Zero-print sectors vs last week: Healthcare (−$581M), Drug Discovery (−$215M), Business/Productivity Software (−$24M). Space/Defense off 10% ($180M vs $200M); Insurtech up 38% ($34.5M vs $25M). Education and Space (India pre-seed) are new prints with no prior-week base. Coverage: 2,358 eligible rounds; 3 missing weekly valuations. Totals cover tracked companies only, not the market.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 6 | 6 | $8.5B |
| Previous 7 days | 47 | 46 | $2.7B |
Week-over-week disclosed capital: +210.7%. 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 |
|---|---|---|---|---|
| AI | 2 | 14 | $8.2B | +1100.1% |
| Space / Defense | 1 | 1 | $180M | -10.0% |
| Insurtech | 1 | 1 | $35M | +38.0% |
| Education | 1 | 0 | $10M | Not comparable |
| Space | 1 | 0 | $2M | Not comparable |
| Business/Productivity Software | 0 | 2 | — | -100.0% |
| Healthcare | 0 | 5 | — | -100.0% |
| Drug Discovery | 0 | 2 | — | -100.0% |
Three new reported post-money marks: Outmarket $335M (Series B), Arivihan $59.5M (Series A), Sanyark Space $7.5M (pre-seed; tape headline says $8M — record basis is reported post-money). News prints: Armadin reported above $2.5B post-round; Polymarket reported at $21B (single source, unverified). Mark-cut ledger shows recent markdowns of Databricks −29.5%, Apex −56.5%, Firework −95.7% — reminder that reported round marks and secondary reality diverge. Apollo debuted daily private credit marks with SEC urging vigilance; Carlyle warns private credit's AI push raises concentration risk. IPO window 'opening selectively' per Crunchbase. Groq reportedly raised $350M at $3.5B while pivoting from chipmaker to neocloud.
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Sanyark Space 2026-09-26 | $8M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Arivihan 2026-09-25 | $60M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Outmarket 2026-09-25 | $335M | 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.
Six tracked rounds in the last 7 days, $8.5B disclosed — but $8.2B of that is AMD's announced acquisition of World Labs, an enterprise value, not venture capital into startups. Strip it out and actual raised capital was roughly $252M across five deals, versus 47 rounds and $2.72B the prior week: deal count fell hard, and the headline capital jump (+210.7%) is one transaction, not a market re-acceleration. The remaining tape skews small and early: Modulate's $25M venture round (Future Ventures), Outmarket's $35M Series B (SignalFire, $335M reported post-money), Arivihan's $10M Series A (Accel/Prosus, $59.5M post-money), Sanyark Space's $2M pre-seed ($7.5M post-money per valuation record), plus Astro Digital's announced $180M SPAC merger and PIPE led by Proem Asset Management — an announcement, not a closing. Sectors that printed last week went quiet: healthcare (5 rounds, $581M), drug discovery ($215M) and business software ($24M) all at zero this week.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-09-28 | Astro Digital | SPAC merger + PIPE (announced) | $180M | — | Proem Asset Management | Space / Defense |
| 2026-09-28 | Modulate | Venture | $25M | — | Future Ventures | AI |
| 2026-09-28 | World Labs | Acquisition (announced) | $8.2B | — | AMD | AI |
| 2026-09-26 | Sanyark Space | Pre-Seed | $2M | $8M | Avaana Capital; AUM Ventures | Space |
| 2026-09-25 | Arivihan | Series A | $10M | $60M | Accel; Prosus | Education |
| 2026-09-25 | Outmarket | Series B | $35M | $335M | SignalFire | Insurtech |
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.
Korea's VC funding hit a four-year high on AI and robotics dealflow (KED Global). Fund formation stayed busy for a shrinking number of vehicles: LAUNCHub Ventures reached a €65M first close on Fund III (targeting €75M+), and DIG Ventures closed $120M for Fund III targeting European AI infrastructure. Naver Pay expanded its Korean startup investment platform with Korea Credit Guarantee Fund and Codebox. Israel's September startup funding reached $2.77B, driven by five mega-rounds — concentration, not breadth. Crypto VC funding reportedly rose 71% month over month with Polymarket at a $21B valuation on a $300M investment (single-source Substack report; unverified here). Caveat throughout: fund sizes are not startup deployment.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| AMD | 1 | $8.2B |
| Proem Asset Management | 1 | $180M |
| SignalFire | 1 | $35M |
| Future Ventures | 1 | $25M |
| Accel; Prosus | 1 | $10M |
| Avaana Capital; AUM Ventures | 1 | $2M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
TPG raised $10B for its second climate private equity fund (announced raise, not deployed capital). Stride Consumer grew its fund 30% with a $550M hard-cap close after a four-month raise. Syz Capital named David Weintraub CEO as it focuses exclusively on private equity. Eksab, IDB Invest, CAF and the IDC network launched an impact fund for growth capital in northern Latin America. A dealmaker's log counts 38 new African private capital transactions. KMM Group drew PE investment to expand medtech. Valuation news flow skews defensive: Apollo's daily credit marks and Carlyle's AI concentration-risk warning suggest institutional caution beneath the raise headlines.
Fundraising machine kept running: Ares raised $4.2B for its inaugural Global Structured Solutions Fund; Audax Private Debt grew its direct lending fund 80% with a $5.4B hard-cap close; SWEN closed its first Article 9 Europa fund at €236M, 80% committed; LAUNCHub hit €65M first close toward €75M+; DIG Ventures closed $120M Fund III for European AI infrastructure. StepStone appointed Yoshitaka Todoroki Vice Chairman, Japan. A nuclear fusion conference spotlighted Singapore as a hub for spin-offs and supply chain. All figures are closes/announcements — commitments, not investments made.
AMD's announced $8.2B acquisition of World Labs, with Fei-Fei Li joining as Chief Scientist, dominates the board — announced, not closed. Salesforce is reported acquiring Listen Labs for $2B. Nebius acquired 10-month-old Israeli startup Inferize in a reported $100–150M deal. A Tech M&A roundup names ZoomInfo, DoubleO.ai, Yext, Flamel.ai and Clio; Neggst's plant-based egg technology moves to LIVEKINDLY Collective via a Greenforce deal. Deal terms in the roundup are unverified beyond headlines. Pattern: strategic buyers concentrating on AI capability, with one mega-print masking modest underlying activity.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2247 ranked. Full board: quantlogix.ai/mega-rounds.
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: 2026-10-01 · 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 landscape in late Q3 2026 is defined by extreme concentration in AI-themed capital raises, ranging from agentic security to world models with valuations scaling up to $6.2 billion. While tech layoffs persist at scale at established giants like Oracle and Microsoft, liquidity remains available for high-growth AI infrastructure and security startups. Significant uncertainty remains in the broader credit and data center build-out markets as financing costs rise, with bond markets signaling investor caution regarding infrastructure debt.
🗂️ Dataset updated: added 3 companies to the QuantLogix private-companies list — OuterSignal, BAG Ventures, Reco — 2,590 → 2,593. Append-only.
100 tracked names flagged for markdown risk — 55 scored nightly, 2535 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 | +449% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +202% | $9.0B | 41 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +2177% | $2.7B | 53 mo ago |
| 4 | Forter | Fintech | 80 | High | +1130% | $3.0B | 65 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +723% | $2.3B | 66 mo ago |
| 6 | Betterment | Fintech | 80 | High | +516% | $1.1B | 42 mo ago |
| 7 | Cross River Bank | fintech | 80 | High | +264% | $3.0B | 54 mo ago |
| 8 | Pump | SaaS | 76 | High | +1458% | $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.
63 markdowns detected all-time · 12 flagged beforehand · 51 missed · hit rate 19%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Databricks | 2026-09-28 | Mark cut −29.5% | $190B → $134B | ✓ Flagged #92 · Moderate |
| Apex | 2026-09-28 | Mark cut −56.5% | $2.3B → $1.0B | ✗ Missed |
| Firework | 2026-09-28 | Mark cut −95.7% | $18B → $750M | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
The week's +210.7% capital jump is an $8.2B announced acquisition, not venture funding. Underlying startup fundraising was ~$252M across five deals — the thinnest deal count (6 vs 47) in recent weeks. If you're fundraising, expect fewer checks in market, not more.
AMD-World Labs ($8.2B, announced), Salesforce-Listen Labs ($2B reported), Nebius-Inferize ($100–150M reported): strategics are consolidating AI capability. Carlyle's warning on AI concentration risk in private credit is the same theme from the lender side. AI positioning now drives both exit and financing options.
Databricks cut −29.5%, Apex −56.5%, Firework −95.7% in the markdown ledger, while new rounds print at clean post-moneys (Outmarket $335M, Arivihan $59.5M). With Apollo pushing daily marks and the SEC watching, assume your last-round valuation is a negotiation anchor, not a fact.
Watch whether the World Labs deal closes and whether small-deal flow recovers from six rounds — the base rate matters more than the headline. Key tests: TPG and Ares deployment pace, private credit AI concentration warnings turning into tighter terms, and the selective IPO window's first movers.