Funding tape shows 12 deals and $1.6B disclosed, but every dated round falls Oct 8–12 — the tracker records zero new dated rounds for the current week vs 19 rounds/$2.27B the week prior (capital change −100% as measured). Concentration is extreme: TypeSafe AI's $870M Series A (a16z-led, $7.5B valuation) is ~54% of disclosed dollars, and Atlas Atomics' $400M (General Catalyst, $1.9B) adds another quarter. Remaining nine deals total ~$330M, mostly seed and Series A. Every 'most-active lead' on the tape led exactly one deal; figures are total round sizes, not the lead's check. Mega-round board unchanged at top: OpenAI $122B, Waymo $16B, Scale AI $14B.
Last-24h rounds not yet in the tracked tape: AuxoAI raised a $20.7M Series A led by NTTVC; Pigment raised a $250M Series E at $2.3B (Bloomberg, Nvidia-backed); Mach9 raised $34M after pivoting to AI CAD; Hylo raised a $1M strategic round led by Solana Ventures; Reflex Aerospace secured an Nvidia investment (amount undisclosed). Anduril IPO coverage quotes Palmer Luckey on valuation but describes no new event. These sit outside the Oct 8–12 dated tape and the weekly aggregate.
The tracker's weekly line reads −100% ($0 vs $2.27B) — that is zero recorded rounds this week, consistent with the quiet window, not evidence of a market halt; the prior week's 19 rounds spanned AI ($1.52B), Energy ($400M), Fintech ($60M), Robotics ($50M), Space ($54M) and more. Outside the tracked book: 113 Saudi rounds raised $1B over nine months; Indian space startups frame a $40B industry ambition. Scope caveat: these trends cover 2,699 tracked companies across 2,453 eligible rounds — not the whole private market.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 0 | 0 | — |
| Previous 7 days | 19 | 19 | $2.3B |
Week-over-week disclosed capital: -100.0%. 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 | 0 | 7 | — | -100.0% |
| Space | 0 | 2 | — | -100.0% |
| Enterprise Software | 0 | 2 | — | -100.0% |
| Robotics | 0 | 1 | — | -100.0% |
| Energy | 0 | 1 | — | -100.0% |
| Fintech | 0 | 2 | — | -100.0% |
| AI Infrastructure | 0 | 1 | — | -100.0% |
| Semiconductors | 0 | 1 | — | -100.0% |
No valuation marks updated in the tracker this period (valuations array empty; 2,573 of 2,699 companies unscored). Fresh from evidence: AI code-testing startup Blacksmith hit a $1B valuation per Fortune; ASI reached $3B on a $325M round (Bloomberg). Counter-signals: Nvidia-backed Nscale's IPO valuation was cut 40% after Microsoft pulled out; First Digital is going public via SPAC in a down round from a $400M peak; Starling Bank's founder sold shares at a £1.7B valuation (secondary, not a new round). Reminder: enterprise/pre-money values are not post-money marks.
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.
Funding tape shows 12 deals and $1.6B disclosed, but every dated round falls Oct 8–12 — the tracker records zero new dated rounds for the current week vs 19 rounds/$2.27B the week prior (capital change −100% as measured). Concentration is extreme: TypeSafe AI's $870M Series A (a16z-led, $7.5B valuation) is ~54% of disclosed dollars, and Atlas Atomics' $400M (General Catalyst, $1.9B) adds another quarter. Remaining nine deals total ~$330M, mostly seed and Series A. Every 'most-active lead' on the tape led exactly one deal; figures are total round sizes, not the lead's check. Mega-round board unchanged at top: OpenAI $122B, Waymo $16B, Scale AI $14B.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-10-12 | Ambi | Pre-Series A | $26M | — | Luminous Ventures | AI |
| 2026-10-09 | Hone | Seed | $60M | $285M | Benchmark | AI |
| 2026-10-09 | Kapta Space | Series A | $24M | — | Washington Harbour Partners | Space |
| 2026-10-09 | Klarent | Seed | $8M | — | Mosaic Ventures | Enterprise Software |
| 2026-10-09 | Meticulous | Series A | $15M | — | Chemistry | Enterprise Software |
| 2026-10-09 | TypeSafe AI | Series A | $870M | $7.5B | Andreessen Horowitz | AI |
| 2026-10-09 | Ultra | Series A | $50M | — | Framework Ventures | Robotics |
| 2026-10-08 | Atlas Atomics | Series A | $400M | $1.9B | General Catalyst | Energy |
| 2026-10-08 | Catalyst | Seed | $30M | — | Sequoia Capital | Fintech |
| 2026-10-08 | Fortastra | Series A | $30M | — | First In | Space |
| 2026-10-08 | GUDEA | Seed | $7M | — | Mudita Venture Partners, Collide Capital | AI |
| 2026-10-08 | KONST | Series B | $30M | — | ADATA Technology | AI Infrastructure |
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.
Fundraising outpaced deployment signals: Vintage closed a $920M fund-of-funds and says it plans to back fewer venture firms — a consolidation signal, not fresh check-writing. Inspired Capital closed its fourth fund at $450M. Regionally, Tanzanian startups drew $90M amid government VC reforms, and EDB is pitching Southeast Asia's VC expansion as early-stage. Caveat: fund closes are commitments to future investing, not startup investment, and none of these vehicles map to any tracked round on this tape.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| Andreessen Horowitz | 1 | $870M |
| General Catalyst | 1 | $400M |
| Benchmark | 1 | $60M |
| Framework Ventures | 1 | $50M |
| Sequoia Capital | 1 | $30M |
| First In | 1 | $30M |
| ADATA Technology | 1 | $30M |
| Luminous Ventures | 1 | $26M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
PE flow is deal-by-deal rather than thematic today: Morgan Stanley Capital Partners is acquiring The Rapid Group (Latham & Watkins advising) — announced, closing terms not given. Dan-O's Seasoning secured a PE investment, size undisclosed. Medical Economics examines PE transparency in healthcare, a critique worth tracking alongside the Private Equity News piece on class-action lawsuits targeting private funds' valuation problem. None of these involve tracked startup rounds.
Commitment machinery stayed busy: Northwind Group announced the final close of Debt Fund III at $1B in capital commitments (announcement). Pantheon exceeded target with $6B for its latest global secondaries program. UK pension channels widened — Mansion House Accord signatories hold £11.1bn in UK private markets, and Nest's PE commitments to HarbourVest topped £2B. All are LP-side commitments or pool sizes; none equate to startup investment, and secondaries capacity can cut either way on exit pricing.
OpenAI acquired Orchestra Bio (Axios, then TechCrunch) — terms undisclosed, an announcement, not a closed deal detail. Salesforce's acquisition at a 58% premium is fueling talk that software stocks are moving from 'AI laggards' to M&A center stage; treat as market commentary, not a private-market event. Musk says SpaceX and Tesla formed special committees to discuss a merger idea — preliminary, no deal. A study of 1,200 deals finds Big Tech startup acquisitions lift patent citations 28%. Downside marker: insurance agency M&A at an 8-year low as PE exits loom.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2376 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 |
|---|---|---|
| Kr Space | 61 → 40 | -21 |
| Labs | 65 → 47 | -18 |
| Slash | 61 → 56 | -5 |
| Bolt | 56 → 52 | -4 |
| Humanoid | 57 → 54 | -3 |
| Posit | 42 → 39 | -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: 2026-10-20 · 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 showing significant valuation concentration in the AI sector, as evidenced by large funding rounds for infrastructure providers like Daytona and specialized manufacturing AI firms like Arda Industries. However, there is underlying uncertainty and fragility in the broader AI investment complex, with reports of tech selling, concerns over AI spending, and high-profile net losses at major players like Anthropic tempering the overall sentiment.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,718.
100 tracked names flagged for markdown risk — 126 scored nightly, 2573 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 | +710% | $1.3B | 55 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +275% | $9.0B | 42 mo ago |
| 3 | Kajabi | SaaS | 81 | High | +133% | $2.0B | 66 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1681% | $2.7B | 53 mo ago |
| 5 | Forter | Fintech | 80 | High | +862% | $3.0B | 65 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +544% | $2.3B | 67 mo ago |
| 7 | Betterment | Fintech | 80 | High | +382% | $1.1B | 43 mo ago |
| 8 | Varo | Fintech | 80 | High | +320% | $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.
80 markdowns detected all-time · 19 flagged beforehand · 61 missed · hit rate 23.8%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| KuCoin | 2026-10-19 | Mark cut −50.0% | $20B → $10B | ✗ Missed |
| Replicate | 2026-10-19 | Mark cut −96.1% | $9.0B → $350M | ✓ Flagged #59 · Elevated |
| Homeward | 2026-10-12 | Down round −4.4% | $837M → $800M | ✗ Missed |
| Mistral AI | 2026-10-12 | Mark cut −41.7% | $24B → $14B | ✓ Flagged #47 · Elevated |
| Applied Compute | 2026-10-12 | Mark cut −56.7% | $3.0B → $1.3B | ✓ Flagged #32 · Elevated |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
One Series A carried over half the week's disclosed dollars and set a $7.5B valuation. If you're benchmarking AI infra raises against it, remember the a16z figure is the total round, not one lead's check — and the valuation is a reported mark, not a liquidity event. Mega-round board (OpenAI $122B) shows how far the tail extends.
Business Insider reports Foursquare's cofounder received nothing from the acquisition despite holding equity. The lesson: option pools, preferences and vesting terms decide outcomes, not headline deal value. Crunchbase's companion piece on how employee equity plans change overnight at sale is worth a board-conversation this week.
A Nvidia-backed AI infra company saw its IPO valuation cut 40% as Microsoft pulled out; First Digital went public via SPAC in a down round from a $400M peak. If you're raising on AI-infra comps, expect public-market anchors to be tighter than private marks — and budget runway accordingly (HRS's €1.5M cut-down round with runway to December shows the counterfactual).
Quiet measurement week: zero new dated tracked rounds vs 19/$2.27B last week, with the freshest tape clustering Oct 8–12. Fresh last-24h deals (Pigment $250M, AuxoAI, Mach9) await next cycle. Watch whether Salesforce-premium M&A optimism and Pantheon's $6B secondaries close translate into exit liquidity, and whether Nscale's IPO haircut reprices AI-infra private marks.