Displayed tape: 12 deals, $322M disclosed. Tracked-book week: 36 rounds (34 disclosed), $1.59B vs $10.41B last week — the -84.7% swing reflects an AI-heavy prior week (AI alone was $8.58B then, $79.9M now, -99.1%), not a market collapse. This week's breadth: Fintech $332.5M/6 rounds (+202.3%), Enterprise Software $261.5M/4, Healthcare $223M/7, Energy $200M/1, Logistics $100M/1. Largest deals in window: Vinci $250M Series B, Valon $150M Series D. Coverage is partial: 2 rounds missing amounts, 32 missing valuations; scope is tracked disclosed rounds, not the whole market.
Last 24h: Ultra's robots-as-a-service round (Fortune, Oct 9) includes a tie-up with Physical Intelligence — tape size differs from press size ($50M vs $62M). Sava raised €32.08M and announced an Ascensia partnership for its glucose microsensor in Europe. A South African-founded health startup raised R630M in the US (News24). Occam Industries quietly raised €3.8M. Recent context: Manus's $500M+ raise follows the unwound Meta acquisition. Crypto news (Polkadot stablecoin) sits outside private-market scope.
Reported marks, not confirmed term sheets everywhere: Ramp is now reported worth $60B, the week's largest fintech mark. Two hyper-velocity raises demand scrutiny — TypeSafe AI at a reported $7.5B valuation 24 days after launching Jev (TechCrunch), and Tab at $300M six weeks post-launch; both are single-cycle headlines with no disclosed investors in our evidence. Benzinga's structural counterpoint: SpaceX's reported $1.7T IPO did not unblock exits — 992 unicorns still waiting. Türkiye's ecosystem gains coverage; agrifood commentary says the bottleneck is orders, not rounds.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 36 | 34 | $1.6B |
| Previous 7 days | 24 | 21 | $10B |
Week-over-week disclosed capital: -84.7%. 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 |
|---|---|---|---|---|
| Fintech | 6 | 2 | $333M | +202.3% |
| Enterprise Software | 4 | 1 | $262M | +1643.3% |
| Healthcare | 7 | 0 | $223M | Not comparable |
| Energy | 1 | 0 | $200M | Not comparable |
| Technology | 1 | 0 | $100M | Not comparable |
| Logistics | 1 | 0 | $100M | Not comparable |
| AI | 8 | 9 | $80M | -99.1% |
| Cybersecurity | 3 | 4 | $75M | -75.5% |
Nuvacore, a Sequoia-backed chip startup, is seeking roughly $2.5B in a new round per Reuters sourcing — a target, not a closed price. Confirmed post-money marks in the book: Mecka AI $500M (Series B), Valon $2.3B (Series D, Ribbit-led), Vinci $1.5B (Series B), and RobCo at $1B via a partial-secondary — a 100% step-up from $500M in January, secondary marks are thinner evidence than priced primaries. Markdown Watch: Linktree and Replit at 86/100 (High; +756% and +228% vs public comps), Kajabi 85/100 (+146%). Recent cuts: Kling AI -10%, Abridge -6.8%, Unacademy -5.5%. Only 125 of 2,658 companies scored.
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Mecka AI 2026-10-07 | $500M | Unavailable | Not comparable | Tracked roster; source link unavailable |
| Vinci 2026-10-06 | $1.5B | Unavailable | Not comparable | Tracked roster; source link unavailable |
| RobCo 2026-10-05 | $1.0B | $500M 2026-01-01 | +100.0% | Tracked roster; source link unavailable |
| Valon 2026-10-05 | $2.3B | 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.
Displayed tape: 12 deals, $322M disclosed. Tracked-book week: 36 rounds (34 disclosed), $1.59B vs $10.41B last week — the -84.7% swing reflects an AI-heavy prior week (AI alone was $8.58B then, $79.9M now, -99.1%), not a market collapse. This week's breadth: Fintech $332.5M/6 rounds (+202.3%), Enterprise Software $261.5M/4, Healthcare $223M/7, Energy $200M/1, Logistics $100M/1. Largest deals in window: Vinci $250M Series B, Valon $150M Series D. Coverage is partial: 2 rounds missing amounts, 32 missing valuations; scope is tracked disclosed rounds, not the whole market.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-10-09 | Ultra | Series A | $50M | — | Framework Ventures | Robotics |
| 2026-10-08 | Rein Security | Series A | $25M | — | Glilot Capital, Sienna Venture Capital | Cybersecurity |
| 2026-10-08 | Universal Quantum | Series A | $100M | — | DCVC, Firgun Ventures | Technology |
| 2026-10-08 | Vesta | Series B | $30M | — | Conversion Capital | Fintech |
| 2026-10-07 | Agentiq | Seed | $4M | — | defy.vc | Fintech |
| 2026-10-07 | Comparables.ai | Seed | $6M | — | Pragmatech Venture Capital | Fintech |
| 2026-10-07 | Cori Clinical | Seed | $4M | — | Breega | Healthcare |
| 2026-10-07 | Desible.ai | Seed Plus | — | — | Prime Venture Partners | AI |
| 2026-10-07 | Healthleap | Series A | $30M | — | Hummingbird Ventures | Healthcare |
| 2026-10-07 | Infino AI | Seed | $8M | — | Bessemer Venture Partners | AI |
| 2026-10-07 | Mecka AI | Series B | $60M | $500M | Sequoia Capital | Artificial Intelligence |
| 2026-10-07 | MintNeuro | Venture | $5M | — | Odyssey Ventures | 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.
Every named lead appears once on the displayed tape — round totals, not check sizes. DCVC and Firgun Ventures co-led Universal Quantum's $100M Series A, the week's largest venture round on tape. Sequoia Capital led Mecka AI's $60M Series B at a reported $500M post-money. Stage mix skews early: five seed-or-lower deals (Agentiq, Comparables.ai, Cori Clinical, Infino AI, Desible.ai undisclosed), two Series B (Vesta, Mecka AI), plus Healthleap and Rein Security at Series A. Note: Fortune reports Ultra's round at $62M; our tape carries $50M — reconcile before citing.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| DCVC, Firgun Ventures | 1 | $100M |
| Sequoia Capital | 1 | $60M |
| Framework Ventures | 1 | $50M |
| Conversion Capital | 1 | $30M |
| Hummingbird Ventures | 1 | $30M |
| Glilot Capital, Sienna Venture Capital | 1 | $25M |
| Bessemer Venture Partners | 1 | $8M |
| Pragmatech Venture Capital | 1 | $6M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
Two sponsor stories dominate: GTCR and Elliott in advanced talks for CCC Intelligent Solutions — reported talks, no price or agreement confirmed; and Sopris Capital's acquisition of Blackford Analysis alongside the strategic realignment of Longitudinal, per trade commentary. Liquidity backdrop: WSJ reports Audax gathered $10B for direct-lending deals — fund size, not deployment. Spectrum Equity closed its oversubscribed Fund XI at $2.5B, its largest ever — a closed fund, explicit. Persistent Systems and Hexagon appear in M&A roundups; terms not in evidence.
Fund formation is active at the healthcare end: Consonance Capital Partners' $1.35B fund (Latham-advised formation) and Aphias Capital's inaugural PE fund closed above hard cap at just over $1.05B — both disclosed figures; Consonance's is formation-stage, not necessarily final close. Sovereign deployment: Indonesia's fund reports $5B deployed across five strategic sectors — deployment, not new commitments. Smaller vehicles: Monte Carlo Capital raised €13M for Fund II targeting early-stage deep tech, AI and space; Rice University launched a fund for university-affiliated startups. Fund size is dry powder, not startup investment.
Reported, not confirmed-closed: GTCR and Elliott are in advanced talks to acquire CCC Intelligent Solutions (Bloomberg/Reuters-sourced headlines, Oct 10) — talks only, no terms. Sopris Capital's acquisition of Blackford Analysis, with commentary on healthcare AI infrastructure strategy, is circulating via trade press; deal terms not in evidence. The Manus situation cuts the other way: reports say it raised $500M+ after Meta's $2B acquisition unwound — a collapsed exit that converted into a private raise. A 36Kr headline claiming 195 verified OpenAI-linked AI deals is single-source; treat as unverified.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2282 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 |
|---|---|---|
| Ultra | 46 → 56 | +10 |
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: 2026-10-10 · 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 displays heavy concentration in AI-enabling infrastructure, with multi-billion dollar rounds for firms like Axiom Solutions (cloud/power) and TypeSafe AI. While capital flow remains strong for AI and quantum verticals, there is marked uncertainty regarding IPO viability, evidenced by the abrupt cancellation of the $5B Firmus IPO due to valuation concerns.
🗂️ Dataset updated: added 4 companies to the QuantLogix private-companies list — Axiom Solutions International, SignSplit, Arena, Hang Ten Systems — 2,658 → 2,662. Append-only.
100 tracked names flagged for markdown risk — 125 scored nightly, 2532 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 | +756% | $1.3B | 55 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +228% | $9.0B | 42 mo ago |
| 3 | Kajabi | SaaS | 85 | High | +146% | $2.0B | 65 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1740% | $2.7B | 53 mo ago |
| 5 | Forter | Fintech | 80 | High | +893% | $3.0B | 65 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +565% | $2.3B | 66 mo ago |
| 7 | Betterment | Fintech | 80 | High | +398% | $1.1B | 42 mo ago |
| 8 | Varo | Fintech | 80 | High | +291% | $2.5B | 61 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.
75 markdowns detected all-time · 16 flagged beforehand · 59 missed · hit rate 21.3%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Unacademy | 2026-10-05 | Mark cut −5.5% | $218M → $206M | ✗ Missed |
| Abridge | 2026-10-05 | Mark cut −6.8% | $5.7B → $5.3B | ✓ Flagged #38 · Elevated |
| Kling AI | 2026-10-05 | Mark cut −10.0% | $20B → $18B | ✓ Flagged #16 · Elevated |
| Guild Education | 2026-10-05 | Mark cut −14.8% | $4.4B → $3.8B | ✗ Missed |
| Harness | 2026-10-05 | Mark cut −14.8% | $5.5B → $4.7B | ✓ Flagged #60 · Elevated |
| OfBusiness | 2026-10-05 | Mark cut −20.0% | $5.0B → $4.0B | ✗ Missed |
| o9 Solutions | 2026-10-05 | Mark cut −27.0% | $3.7B → $2.7B | ✗ Missed |
| Houzz | 2026-10-05 | Mark cut −54.3% | $4.0B → $1.8B | ✗ Missed |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
Last week's $10.4B was inflated by AI mega-rounds; this week's $1.59B across 36 rounds is closer to the real baseline. Do not reprice your raise expectations off either week. The actionable read is sector rotation: healthcare printed seven rounds and fintech five straight weeks of growth, while AI's disclosed dollar total collapsed 99% on the tracked book.
TypeSafe AI at $7.5B in 24 days and Tab at $300M in six weeks are single-source reported figures with no disclosed investor or terms in our data. If an investor pushes back on your mark citing them, ask for the round documents. The marks you can defend: RobCo's $1B secondary doubled from January, but secondaries are thinner evidence than priced primaries.
Linktree (86/100, +756% vs public comps), Replit (86, +228%) and Kajabi (85, +146%) sit at the top of the high-risk premium board, while Kling AI (-10%), Abridge (-6.8%) and Unacademy (-5.5%) took fresh cuts. If your sector comp is on the watch list, expect downstream investors to anchor to public-market math, not your last private mark. Only 125 of 2,658 tracked companies are scored — coverage is thin.
Watch whether Nuvacore actually closes near its reported $2.5B target — that would test chip-sector pricing. GTCR/Elliott's CCC talks, if signed, keep sponsor M&A demand alive for data/insurance software. Weekly tape should normalize off the mega-round distortion; healthcare's seven-round breadth is the sturdiest signal this week.