Eight tracked rounds in the window, $151.5B disclosed across seven of them — but OpenAI's $142B late-stage primary, reported led by Nvidia and SoftBank, is ~94% of the total. Strip it out and the other six disclosed rounds total roughly $1.4B, led by Wayve's $1.1B Series D (SoftBank Group). Two items are announcements, not closings: Astro Digital's $180M SPAC merger plus PIPE (Proem Asset Management) and AMD's $8.2B acquisition of World Labs. Armada's defense Series B is undisclosed. Deal count collapsed from 48 last week to 8; the +5,869% weekly capital jump is a single-deal artifact, not a market-wide surge. Scope: 2,590 tracked companies, not the whole private market.
Google is reportedly eyeing a $1.5B investment in an AI coding startup, per last-24h reporting — unconfirmed until the company or investor speaks. India and Japan announced plans to deepen startup and deep-tech cooperation. Korea's deep-tech push continues, with reporting on the gap between funding projects and building companies. XRP Seoul 2026 drew Korean banks as Ripple and the XRPL Foundation launched XRP Asia for APAC expansion. Treat all as reported intentions and event coverage; none are closings.
Weekly rounds fell 48 to 8; capital swung from $2.66B to $151.5B solely on OpenAI. AI absorbed $150.3B of the $151.5B — a 21,880% sector jump that is one deal, not momentum. Every other tracked sector printed zero rounds: Defense, Space, Education, Insurtech and Business Software all went quiet after activity last week. Counterpoint: GeekWire reports Washington climate founders secured funding even as AI drains investor cash, and CScale exited stealth with a $145M Series C for optical AI interconnects. Totals cover tracked companies only.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 8 | 7 | $152B |
| Previous 7 days | 48 | 47 | $2.7B |
Week-over-week disclosed capital: +5586.9%. 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 | 5 | 13 | $150B | +21879.6% |
| Automotive | 1 | 1 | $1.1B | +1135.3% |
| Space / Defense | 1 | 1 | $180M | -10.0% |
| Defense | 1 | 2 | — | -100.0% |
| Space | 0 | 1 | — | -100.0% |
| Education | 0 | 1 | — | -100.0% |
| Insurtech | 0 | 2 | — | -100.0% |
| Business/Productivity Software | 0 | 2 | — | -100.0% |
No new valuation marks in the tracked dataset this week ('valuations' empty). From recent-context reporting: FieldAI reportedly hit $10B after a $700M raise, more than quadrupling in about a year (Nvidia-backed — report-based, not confirmed filing); Groq raised $350M at $3.5B while pivoting from chipmaker to neocloud. Markdown Watch: Linktree and Replit both score 86/100 (High, +736% and +247% vs public comps), Kajabi 83/100 (+140%); 125 scored, 2,465 unscored. Recent ledger cuts remain the downside evidence: Databricks -29.5%, Apex -56.5%, Firework -95.7%.
No round-specific post-money valuations captured in the last seven days.
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.
Eight tracked rounds in the window, $151.5B disclosed across seven of them — but OpenAI's $142B late-stage primary, reported led by Nvidia and SoftBank, is ~94% of the total. Strip it out and the other six disclosed rounds total roughly $1.4B, led by Wayve's $1.1B Series D (SoftBank Group). Two items are announcements, not closings: Astro Digital's $180M SPAC merger plus PIPE (Proem Asset Management) and AMD's $8.2B acquisition of World Labs. Armada's defense Series B is undisclosed. Deal count collapsed from 48 last week to 8; the +5,869% weekly capital jump is a single-deal artifact, not a market-wide surge. Scope: 2,590 tracked companies, not the whole private market.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-10-01 | Armada | Series B | — | — | — | Defense |
| 2026-10-01 | OpenAI | Late-stage primary | $142B | — | Nvidia, SoftBank | AI |
| 2026-10-01 | Prime Intellect | Series A | $50M | — | Founders Fund | AI |
| 2026-10-01 | Wayve | Series D | $1.1B | — | SoftBank Group | Automotive |
| 2026-10-01 | Wonderful | Series C | $34M | — | Index Ventures | AI |
| 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 |
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.
The tape is a barbell: one historic mega-round atop a thin base of $25M–$50M Series A–C deals (Prime Intellect/Founders Fund, Wonderful/Index, Modulate/Future Ventures). Q3 venture funding reportedly fell to a more 'muted' level per recent reporting — the mega-deal concentration coexists with a quieter core market. Note the leads board reflects total round sizes, not individual checks: Nvidia and SoftBank anchor the OpenAI round's $142B headline, which is not their sole capital. Sector breadth is thin: AI took 5 of 8 rounds; Defense (Armada) undisclosed; no Health, Fintech or Climate rounds on the tracked tape this week.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| Nvidia, SoftBank | 1 | $142B |
| AMD | 1 | $8.2B |
| SoftBank Group | 1 | $1.1B |
| Proem Asset Management | 1 | $180M |
| Founders Fund | 1 | $50M |
| Index Ventures | 1 | $34M |
| Future Ventures | 1 | $25M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
Last-24h PE tape is modest and geographically broad: Paymob raised a $35M pre-Series C (announcement, terms thin); Carlsquare advised Maguar Capital on acquisition financing for ConSense; Fraxion acquired Yellow Dog Software; Wynnchurch portfolio company EMS acquired AMD Supply with Foley advising. Context piece out of Korea argues PE's golden era is shaking as rates rise and exits stall — a useful macro brake on deal optimism. No fund closes or exit values disclosed in this evidence set.
Gaw Capital's real estate private debt OFC filed a preliminary prospectus for a Hong Kong IPO — filing stage, not priced. StepStone hired former GPIF private-markets head Todoroki as Japan Vice Chair, a notable LP-side move. DealStreetAsia's week-that-was covers Sept 23–Oct 3. EnterpriseAM reports MENA sovereign funds losing global ground as other sovereign investors accelerate — a allocation-shift datapoint worth watching. WSJ reports SoundThinking will be taken private by Transom Capital Group; terms not in evidence.
AMD's $8.2B acquisition of World Labs (announced, not closed) is the week's defining deal — coverage frames it as a buy-over-build move for world models. Elsewhere: neocloud Nebius acquired Inferize to bolster its inference stack; Supabase raised $150M and acquired Turso; Blackstone and Halliburton reportedly invested $1B in power provider VoltaGrid (an investment, not a takeover); Factorial made its first acquisition, buying Fuell. All figures are as reported; announcement-stage deals can repriced or fall through.
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.
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 |
|---|---|---|
| SOURCE | 59 → 41 | -18 |
| Token Security | 58 → 47 | -11 |
| Exa | 67 → 62 | -5 |
| EliseAI | 57 → 62 | +5 |
| Paid | 53 → 49 | -4 |
| Vercel | 61 → 58 | -3 |
| Wonderful | 62 → 65 | +3 |
| Humanoid | 54 → 57 | +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: 2026-10-04 · sources: private-companies.json, investors.json
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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 is heavily concentrated in AI, with companies like Instinct and Hadrian commanding massive valuations despite broader economic uncertainty. Large tech players are increasingly engaging in circular financing, as evidenced by major hardware-focused deals (Amazon, Broadcom/Anthropic), while venture capital remains skewed toward a select group of high-growth AI firms.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,590.
100 tracked names flagged for markdown risk — 125 scored nightly, 2465 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 | +736% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +247% | $9.0B | 41 mo ago |
| 3 | Kajabi | SaaS | 83 | High | +140% | $2.0B | 65 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1829% | $2.7B | 53 mo ago |
| 5 | Forter | Fintech | 80 | High | +942% | $3.0B | 65 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +598% | $2.3B | 66 mo ago |
| 7 | Betterment | Fintech | 80 | High | +422% | $1.1B | 42 mo ago |
| 8 | Cross River Bank | fintech | 80 | High | +209% | $3.0B | 54 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.
Headline weekly capital up ~5,869% is one OpenAI round. Excluding it, six disclosed deals raised ~$1.4B — in line with a muted Q3. Don't read the tape as a broad re-opening; it's concentration at the very top.
FieldAI reportedly quadrupled to $10B while Firework took a -95.7% mark and Apex -56.5%. Secondary pricing is discriminating hard by fundamentals, not category. If you're raising on a 2025 mark, expect scrutiny.
AMD-World Labs ($8.2B, announced), Nebius-Inferize, Supabase-Turso: acquirers are buying capability rather than waiting. For founders adjacent to hyperscaler stacks, strategic exits are a live path even in a quiet VC tape.
One deal defined the week; the underlying market stayed slow, with zero non-AI tracked rounds and Q3 described as muted. Watch whether the OpenAI close, the AMD-World Labs completion, and FieldAI-style marks reprice later-stage AI — and whether the markdown ledger's steep cuts broaden beyond the three names.