A single disclosed round carries the week: DeepSeek, recorded as a $16B Series A led by China's Big Fund (National Integrated Circuit Industry Investment Fund), dated 2026-10-23, Technology sector. Everything else on the tracked tape is quiet — zero rounds the prior week, so week-over-week capital change is not meaningful (division from a zero base). Treat the $16B as the recorded total round size; the Big Fund's individual check is not broken out. Caveat: 2,573 of 2,699 tracked companies are unscored and coverage covers tracked disclosed rounds only, not the whole private market. One weekly valuation is missing from an otherwise complete disclosed set.
Early-stage funding stayed small but active: EchoTwin raised $5M seed for AI vehicle inspection; CopperPilot took $390K pre-seed from Neon Fund; Stryv raised an $11.5M Series B; Australia's MP Space raised $16M for spacecraft power systems; Finnish defence-tech Arctic RAVN secured €2.5M in loan commitments pre-launch. Zupee shut its microdrama platform Zupee Studio and NeoAstro amid an AI pivot — a consolidation data point. Egypt's Raya Holding launched a venture arm and backed UK AI startup Pidima. India's DPIPI T (per Economic Times) is advancing trust-based regulatory easing for business.
Sector signals from the last 24h: UK biotech is on course for its strongest funding year since 2021 (Health Tech World) — a genuine upcycle claim, not tracked-tape data. Infineon is putting €1.1B into a GaN chip factory in Austria, reinforcing the semis capex theme that echoes the Big Fund–DeepSeek lead. Chicago life sciences reportedly sees innovation outpacing investment — a funding-gap framing. Europe's tech market is described as entering a scale-up phase. Remember: these are reported trends; the tracked-book weekly total is one round, $16B, all Technology.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 1 | 1 | $16B |
| Previous 7 days | 0 | 0 | — |
Week-over-week disclosed capital: Not comparable. 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 |
|---|---|---|---|---|
| Technology | 1 | 0 | $16B | Not comparable |
Markdown pressure is the story. Baillie Gifford cut Dailyhunt parent VerSe Innovation nearly 90% to $576M — the sharpest single-fund markdown in today's evidence. Bloomberg reports SoftBank-backed Oravel facing a lower valuation in its India IPO. On our Markdown Watch board: Linktree and Replit both score 86/100 (High risk; +694% and +243% vs public comps respectively), Xendit 80/100 (+1752%). Recent mark cuts: Flock Safety -10.7%, Agility Robotics -26.5%, Kr Space -73.8%. 100 names on watch of 126 scored. Meanwhile Anthropic coverage spans founder-control share structure, reported IPO terms (Amazon 12% cap, Google $10B option) and WSJ scrutiny of its 'adjusted' profit — read the earnings framing skeptically.
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.
A single disclosed round carries the week: DeepSeek, recorded as a $16B Series A led by China's Big Fund (National Integrated Circuit Industry Investment Fund), dated 2026-10-23, Technology sector. Everything else on the tracked tape is quiet — zero rounds the prior week, so week-over-week capital change is not meaningful (division from a zero base). Treat the $16B as the recorded total round size; the Big Fund's individual check is not broken out. Caveat: 2,573 of 2,699 tracked companies are unscored and coverage covers tracked disclosed rounds only, not the whole private market. One weekly valuation is missing from an otherwise complete disclosed set.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-10-23 | DeepSeek | Series A | $16B | — | China's Big Fund (National Integrated Circuit Industry Investment Fund) | Technology |
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 and pipeline dominate VC evidence. Madica secured $6M to back up to 30 African startups (Wamda). Canada launched a C$1.75B venture programme with incentives designed to draw pension-fund capital into VC (AltAssets). In India, Peak XV, Lightspeed, Activate and General Catalyst are reportedly in talks on roughly half a dozen AI startups — talks, not signed rounds. Starlink Capital reports an oversubscribed RMB fund plus a first close on a USD vehicle for its 'Researcher Fund'. Counterpoint worth noting: The Daily Star questions whether capital is reaching the right places in Bangladesh's ecosystem. All items are last-24h or dated within the window.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| China's Big Fund (National Integrated Circuit Industry Investment Fund) | 1 | $16B |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
Advent raised $30B across its flagship and a new mid-market programme — Bloomberg calls the flagship (~$27B) the top PE pool of 2026, defying the broader slowdown. That is fund size, not deployed startup capital. Governance items: BlackBerry appointed David Chaikof to its board (citybiz, last 24h). Edison Partners made Inc.'s Founder-Friendly Investors list for a sixth year. Qwello raised up to €55M for European EV charging growth — 'up to', so treat the ceiling as a target. Aries Media Ventures launched an Africa media-tech fund. All items are last-24h published.
Allocation momentum continues: Alternative Credit Investor reports institutional investors 'leaning into' private markets as allocations rise. A Canadian pension fund took a minority interest in Australia's La Trobe Financial — cross-border LP-to-credit-manager capital. Truelink's Johnson Controls intrusion-products carve-out signals continued corporate divestiture supply. Advent's $30B close is the marquee raise. Caveat applied throughout: none of these fund totals equals startup investment; deployment timing and check sizes are unreported in this evidence set.
The week's clearest M&A thread is Intel's agreement to acquire Israeli quantum-software startup Classiq for a reported ~$2.3B (Bloomberg, Dealroom, Haaretz). Wording across sources is 'to acquire' — treat as announced, not closed, and the $2.3B as a reported figure. Complementary detail from CTech: Intel frames itself as a future full-stack quantum player. Separately in PE-adjacent deal flow, Truelink Capital agreed a carve-out of Johnson Controls' global intrusion products business, and Sidley advised Bolt Biotherapeutics on acquiring Prana Therapies alongside a concurrent $120M private placement.
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 |
|---|---|---|
| DeepSeek | 71 → 74 | +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: 2026-10-26 · 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 heavily concentrated in AI and automation, with significant capital flowing into specialized robotics (Bedrock Robotics) and AI wealth/gaming applications. While IPO activity is heating up (Anthropic), the market remains characterized by uncertainty regarding the sustainability of extreme valuation premiums for AI-native infrastructure and tools.
🗂️ Dataset updated: added 1 company to the QuantLogix private-companies list — Matiks — 2,738 → 2,739. 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 | +694% | $1.3B | 55 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +243% | $9.0B | 42 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +1752% | $2.7B | 54 mo ago |
| 4 | Forter | Fintech | 80 | High | +900% | $3.0B | 66 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +570% | $2.3B | 67 mo ago |
| 6 | Betterment | Fintech | 80 | High | +401% | $1.1B | 43 mo ago |
| 7 | Varo | Fintech | 80 | High | +327% | $2.5B | 62 mo ago |
| 8 | Cross River Bank | fintech | 80 | High | +196% | $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.
84 markdowns detected all-time · 19 flagged beforehand · 65 missed · hit rate 22.6%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Flock Safety | 2026-10-26 | Mark cut −10.7% | $8.4B → $7.5B | ✗ Missed |
| Agility Robotics | 2026-10-26 | Mark cut −26.5% | $3.0B → $2.2B | ✗ Missed |
| Kr Space | 2026-10-26 | Mark cut −73.8% | $6.8B → $1.8B | ✗ Missed |
| Posit | 2026-10-26 | Mark cut −83.8% | $5.0B → $811M | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
The only disclosed round this week is a $16B state-led cheque into DeepSeek. When a national chip fund anchors a mega-round, it compresses comparable pricing logic for private AI/semis deals — expect strategic (not purely financial) terms to ripple into adjacent negotiations.
VerSe down ~90% and Kr Space down ~73.8% sit alongside reported IPO pressure on Oravel. But Advent closing $30B and UK biotech heading for its best year since 2021 show capital is selective, not absent. Founders with hard revenue evidence retain leverage; narrative-only marks are the ones getting cut.
Intel–Classiq ($2.3B, reported) is worded as an agreement to acquire, and Qwello's €55M is 'up to'. In a thin week, headline numbers travel faster than closing confirmations — diligence your own deal comps against closed facts, not announcement language.
A one-round tape makes weekly trend reads unreliable; the $16B DeepSeek print and Advent's $30B close both reflect concentration, not broad reacceleration. Watch for VerSe-style markdowns spreading to unscored names, Intel–Classiq closing mechanics, and whether Indian AI 'talks' convert into signed rounds.