Freshest dated window shows 12 disclosed rounds totaling $1.6B, but the tracked-book weekly series prints zero rounds this week versus one round ($26M) the prior week — a signal of the quiet/freshness window rather than confirmed market shutdown, since the tape's most recent dated deal is Oct 12. The tape's concentration is extreme: two deals (TypeSafe AI's $870M Series A at $7.5B post and Atlas Atomics' $400M Series A at a $1.9B valuation) account for roughly 79% of disclosed capital. TypeSafe AI is led by Andreessen Horowitz; Atlas Atomics by General Catalyst. Benchmark leads Hone's $60M seed at a $285M valuation; Framework Ventures leads Ultra's $50M Series A in robotics. Sector spread: AI (4), Enterprise Software (2), Space (2), plus Robotics, Energy, Fintech, and AI Infrastructure. Most-active lead counts reflect total round sizes, not individual check sizes. Round and valuation figures are as reported; treat valuations as reported post-money unless stated otherwise.
Last-24h items: Stripe launched Treasury for AI agents — infrastructure for machine-to-machine commerce rather than a funding event. A $200M military dog-cloning startup backed by Palmer Luckey drew wide coverage; the amount is reported, not verified in a filing. Helion raised $225M and is building custom chips toward a 2028 fusion plant (reported Oct 22). Energy Impact Partners will jointly scale Singapore decarbonisation startups. InDrive partnered with Pony.ai and Nvidia for 2027 robotaxi trials in Astana. Downside note: Tesla officially abandoned Cybertruck plans for Australia. Also flagged: Flapping Airplanes, a year-old AI lab, reported a $1B Series A at a $6B valuation — treat with standard caution until confirmed in primary sources.
The tracked-book weekly series shows 0 rounds and $0 disclosed capital versus 1 round and $26M the prior week (-100% capital change), entirely in AI. Caveat: the tape itself lists 12 recent deals, so the weekly zero reflects the quiet/freshness window and reporting lag, not verified demand collapse — with 2,453 eligible rounds and no missing weekly amounts, coverage is complete for what has been dated. Broader context from the last 24h: India's AI financing is shifting toward data centres, with industry reports flagging rising debt-financing demand and GPU-supply risk. Canada's $1.75B VC boost process and Algiers' December African Startup Conference (deep-tech competition) point to continued public-sector push.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 0 | 0 | — |
| Previous 7 days | 1 | 1 | $26M |
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 | 1 | — | -100.0% |
Marks are under strain from several directions. Bloomberg reports PE's stale marks are fueling a fairness debate, and separately documents VCs backing the same startup at distinct values — internal inconsistency in private pricing. OpenAI reportedly trimmed its IPO valuation target to $1.25T; SoftBank-backed Oavel reportedly faces a lower valuation in its India IPO; Nvidia-backed Nscale's IPO stumbled with a 40% valuation cut after Microsoft pulled out (recent context). Anduril's employee tender offer reportedly puts the defense-tech startup at $90B — a tender price, not a new primary round. Apex is in funding talks at $4B — talks, not a closed round. Against this, LGT Capital argues VC is a hedge versus volatile public equities.
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.
Freshest dated window shows 12 disclosed rounds totaling $1.6B, but the tracked-book weekly series prints zero rounds this week versus one round ($26M) the prior week — a signal of the quiet/freshness window rather than confirmed market shutdown, since the tape's most recent dated deal is Oct 12. The tape's concentration is extreme: two deals (TypeSafe AI's $870M Series A at $7.5B post and Atlas Atomics' $400M Series A at a $1.9B valuation) account for roughly 79% of disclosed capital. TypeSafe AI is led by Andreessen Horowitz; Atlas Atomics by General Catalyst. Benchmark leads Hone's $60M seed at a $285M valuation; Framework Ventures leads Ultra's $50M Series A in robotics. Sector spread: AI (4), Enterprise Software (2), Space (2), plus Robotics, Energy, Fintech, and AI Infrastructure. Most-active lead counts reflect total round sizes, not individual check sizes. Round and valuation figures are as reported; treat valuations as reported post-money unless stated otherwise.
| 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.
Fund formation is the steadier story than deal flow. Inovia Capital reached a $200M first close on its sixth early-stage fund (reported Oct 22). Barcelona's Masia closed an €18M debut fund and opened a founder hub. Policy is adding fuel in Canada: Ottawa kicked off a process to deploy a $1.75B venture-sector boost (Oct 22), and the federal government detailed its $750M VC funding envelope while opening Growth VCCI applications. These are fund-level and program-level figures — not startup investment — and first closes are not final closes. LGT Capital is publicly arguing VC serves as a hedge against volatile public equities; Bloomberg, the same week, reports VCs backing the same startups at sharply different values, a reminder that hedge logic depends heavily on entry marks.
| 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.
Allocations are rotating. Calpers cut its Big Tech direct holdings by 26% while expanding private equity exposure — reported across multiple outlets in the last 24h; a reallocation signal, not a verdict on tech. H.I.G. Capital's CEO Brian Schwartz says the firm sees opportunity in established software companies — a value-orientation counterpoint to growth-priced AI. Deal execution continues: Rubicon Technology Partners' Procede Software acquired dealer-software firm RIMSS. In growth equity, Albert Invent secured an investment from Applied Ventures to expand its AI materials R&D platform (last 24h; amount undisclosed). Warburg Pincus is reportedly on the cusp of wrapping its 15th flagship growth fund.
Fundraising and LP behavior dominate: Warburg Pincus is on the cusp of closing its 15th flagship growth fund (report; final size unconfirmed). Inovia Capital hit a $200M first close on its sixth early-stage fund. Masia closed an €18M debut fund in Barcelona. Ground Up Investing reached a first close on its second agri fund in Africa. LP moves: Calpers cut Big Tech holdings 26% to expand PE; Cook County's pension is ticking up its PE allocation; KIC, Korea's sovereign fund, faces questions over its investable capital. PEI named ten emerging managers to watch in 2026. Note: fund sizes and AUM are not startup investment, and first closes are not final closes.
Two notable situations: Rivian acquired world-model startup Third Dimension AI, with reports describing roughly 15 staff joining — a talent-and-technology tuck aimed at self-driving ambitions. Separately, CTech asks whether Datadog really offered $4B for Israeli cyber startup Upwind — treat as an unconfirmed reported bid, not a signed deal, until closing or confirmation. Context: Israel's cyber sector continues drawing billions as AI reshapes security, and an Economic Times report says fintech M&A outlook is improving but investors remain selective on valuations — consistent with the pattern of interest without price agreement. The Stripe/Advent return to the table with a richer bid for PayPal sits in valuation territory but reinforces that large strategic/PE money is actively repricing targets rather than pausing.
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.
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: 2026-10-22 · 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 remains heavily concentrated on capital-intensive AI and foundational model infrastructure, evidenced by massive funding rounds for DeepSeek ($15B) and Flapping Airplanes ($1B). There is high uncertainty regarding the path to liquidity, as highlighted by SB Energy delaying its IPO plans due to market conditions, while new vehicles like RVI signal attempts to democratize access to these illiquid, high-valuation private assets.
🗂️ Dataset updated: added 1 company to the QuantLogix private-companies list — Mave — 2,718 → 2,719. Append-only.
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 | +685% | $1.3B | 55 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +273% | $9.0B | 42 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +1669% | $2.7B | 53 mo ago |
| 4 | Forter | Fintech | 80 | High | +855% | $3.0B | 65 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +540% | $2.3B | 67 mo ago |
| 6 | Betterment | Fintech | 80 | High | +379% | $1.1B | 43 mo ago |
| 7 | Varo | Fintech | 80 | High | +311% | $2.5B | 61 mo ago |
| 8 | Cross River Bank | fintech | 80 | High | +183% | $3.0B | 55 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.
Hone's $60M seed at a $285M valuation (Benchmark-led) and Catalyst's $30M seed (Sequoia-led) show top-tier firms paying real prices at the earliest stage. But Bloomberg's reporting on VCs backing the same startup at distinct values means your cap table can carry conflicting marks. Anchor on milestones, not headline comps.
TypeSafe AI's reported $870M Series A at $7.5B dominates this tape — a single deal equal to over half the window's disclosed capital. Mega-rounds distort sector averages and set anchors for later-stage negotiations. Founders raising behind such headlines should expect investors to discount them quickly if secondary evidence thins.
Rivian's acquisition of Third Dimension AI — reportedly ~15 people — shows acquirers paying for world-model and autonomy capability at small team size. With fintech M&A improving but buyers 'selective on valuations' (ET), a small-team strategic sale may clear faster than a large-priced round in this window.
Watch three threads: whether the quiet weekly tape fills in as late-October rounds get dated; confirmation or denial of the Datadog–Upwind $4B bid and Stripe/Advent's PayPal approach; and whether IPO-path marks (OpenAI at $1.25T, Nscale's 40% cut, Oavel) pull private valuations down in the next markdown ledger update.