Tracked tape showed 2 disclosed rounds totaling $17B over the window: DeepSeek's $16B Series A led by China's Big Fund (National Integrated Circuit Industry Investment Fund) on 2026-10-30, and Kalshi's $1.0B Series F (Fintech) on 2026-10-29. The prior week recorded 0 rounds, so the weekly change reads null, not growth. The $16B is the total round size, not the Big Fund's check. Mega-round board: OpenAI $122B, DeepSeek $16B, Waymo $16B. Coverage is thin: 2 rounds, 2 missing weekly valuations, zero rounds today so far. Tracked disclosed rounds, not the whole market.
Ecosystem and policy items: PhysicsWallah tied up with DPIIT to back 25,000 early-stage startups (Elets). CTech reports Israeli startups raised at least $872M in October, led by cybersecurity and AI. Sifted's claim that London is the 'best place in the world to launch an AI company' is opinion, not data. Product news includes Litmas AI's updated agentic litigation platform. None of these are funding events on the tracked tape.
Moneycontrol reports Karnataka hosts 22,000 startups and captures 46% of VC funding in India — a regional concentration datapoint, not a national market total. Two Point O Capital raised a $10M Series A led by Transition Venture Capital (BW Disrupt), outside the tracked 2-deal tape. Trend totals here cover tracked companies only. Broader 'market size' reports in the feed (e.g., HR tech forecasts to 2034) are vendor research, not primary evidence.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 2 | 2 | $17B |
| 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 |
| Fintech | 1 | 0 | $1.0B | Not comparable |
Slator reports Cohere topped a CAD 35bn valuation in its latest fundraising — reported valuation, treat as announcement until confirmed. Smaller prints: Percent Labs closed a seed round at over $1M valuation; Clinics On Cloud raised Rs 120 crore at a reported Rs 600 crore valuation after 8 bootstrapped years. Bloomberg: private credit lenders disagree on debt pricing for 12% of firms — a spread-wide valuation-disagreement signal. The tracked book's valuations array is empty this week; 2 rounds lack valuation data.
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.
Tracked tape showed 2 disclosed rounds totaling $17B over the window: DeepSeek's $16B Series A led by China's Big Fund (National Integrated Circuit Industry Investment Fund) on 2026-10-30, and Kalshi's $1.0B Series F (Fintech) on 2026-10-29. The prior week recorded 0 rounds, so the weekly change reads null, not growth. The $16B is the total round size, not the Big Fund's check. Mega-round board: OpenAI $122B, DeepSeek $16B, Waymo $16B. Coverage is thin: 2 rounds, 2 missing weekly valuations, zero rounds today so far. Tracked disclosed rounds, not the whole market.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-10-30 | DeepSeek | Series A | $16B | — | China's Big Fund (National Integrated Circuit Industry Investment Fund) | Technology |
| 2026-10-29 | Kalshi | Series F | $1.0B | — | — | Fintech |
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 closes dominated VC evidence: Creandum closed €668M for fund CVIII, its largest to date (EU-Startups). The Boston Globe reports a low-profile Massachusetts startup raised a record $2.1B — the company is not named in available data, so we won't speculate. Counterpoint: NAB Ventures' future is in doubt under Irvine's mass restructure (Capital Brief), a reminder corporate VC arms can be casualties of parent strategy. YourStory flags rising VC attention to Indian deeptech. Fund formation strength and corporate VC retrenchment are moving in opposite directions.
| 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.
Crain's reports Vistria's capital returns are surging amid a broader PE slowdown — firm-specific outperformance, not a sector turnaround. Investcorp reported $11.1B of activity and $65.2B AUM for 2026; AUM is not new investment. New PE-backed deals: ID Plans (Boston firm, unnamed in data) and an LA law firm. BDO's CEO sees no need for PE as it consolidates units. Continuation vehicles remain contentious: WSJ reports rising investor ire over continuation fund deals, while Asia Asset Management frames them as reshaping access.
Fundraising prints from the last 24h: MB Funds closed its seventh buyout fund at €222M; Churchill Asset Management closed a record $1.54B Junior Capital Opportunities Fund III, more than doubling its predecessor; Igneo Infrastructure Partners hit a €6bn hard cap for its fourth European fund six months after first close; Scottish Widows is targeting quantum computing via UK venture growth investments. Fund closes signal LP commitments, not deployment into startups.
M&A evidence is small-ticket: Gamehaus bought 56% of AI video startup Anamana in a $19.6M stock deal; Apple acquired Ascend.io for agentic data engineering (Pulse 2.0); InfotechLead lists tech deals involving Vusion, Cognition, Kacoms and HappyCo. Skift reports October travel M&A led by aircraft orders and hotel sales. A crypto-focused outlet references a 'massive' Stripe acquisition without naming the target in available data — unconfirmed, treat accordingly. No large tracked-company exits appear in this window.
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 |
|---|---|---|
| TRM Labs | 58 → 62 | +4 |
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: 2026-11-01 · sources: private-companies.json, investors.json
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Weekend — payload available; weekday auto-DM is Mon–Fri 8:00 AM PT.
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 exhibits significant concentration in AI and autonomous infrastructure, characterized by high-valuation mega-rounds despite emerging volatility and market corrections. Companies like OpenAI are facing valuation and fundraising adjustments, signaling cooling investor sentiment. There is notable uncertainty regarding the sustainability of AI-driven capital deployment, compounded by recent geopolitical and financial disruptions in the crypto sector (e.g., the $6.3B Binance hack) and broader concerns over tech spending efficiency.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,738.
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 | +756% | $1.3B | 55 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +309% | $9.0B | 42 mo ago |
| 3 | Kajabi | SaaS | 85 | High | +146% | $2.0B | 66 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1843% | $2.7B | 54 mo ago |
| 5 | Forter | Fintech | 80 | High | +949% | $3.0B | 66 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +602% | $2.3B | 67 mo ago |
| 7 | Betterment | Fintech | 80 | High | +426% | $1.1B | 43 mo ago |
| 8 | Varo | Fintech | 80 | High | +268% | $2.5B | 62 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.
90 markdowns detected all-time · 20 flagged beforehand · 70 missed · hit rate 22.2%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| Dadi Cinema | 2026-11-02 | Mark cut −10.5% | $3.2B → $2.9B | ✗ Missed |
| OpenAI | 2026-11-02 | Mark cut −10.7% | $1400B → $1250B | ✓ Flagged #72 · Moderate |
| CoinDCX | 2026-11-02 | Mark cut −12.2% | $2.5B → $2.1B | ✗ Missed |
| Devoted Health | 2026-11-02 | Mark cut −36.0% | $25B → $16B | ✗ Missed |
| Sila | 2026-11-02 | Mark cut −42.4% | $3.3B → $1.9B | ✗ Missed |
| Prove | 2026-11-02 | Mark cut −73.2% | $2.0B → $537M | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
DeepSeek's $16B Series A led by China's Big Fund is the week's defining print, and Kalshi's $1.0B Series F shows prediction markets still clearing late-stage checks. But one mega-round plus one $1B round is a thin tape, and the $16B is the round total, not the lead's check. Read sovereign-led rounds as compute-and-geopolitics positioning, not evidence that generic mega-rounds have reopened for everyone.
The markdown ledger has 100 names on watch, and recent mark cuts include OpenAI at -10.7%, Dadi Cinema at -10.5%, and CoinDCX at -12.2%. Recent-context reporting also indicates OpenAI cut a funding target by $10B (to $20B per source titles — unconfirmed detail). Even the board-leading $122B name is not immune. If you're raising in 2026-27, model your round at marked-down comps, not headline valuations.
This window shows small M&A only: Gamehaus-Anamana at $19.6M for 56%, Apple's Ascend.io tuck-in, and a scattering of sub-scale tech deals. Meanwhile WSJ flags investor pushback on continuation funds, the mechanism many GPs use to hold winners. With secondary liquidity under scrutiny and PE in a slowdown, build exit scenarios that don't assume a rich continuation vehicle or a large strategic will show up.
A 2-deal, $17B week driven by a single state-led mega-round is a concentration story, not a breadth story. Mark cuts touching OpenAI, plus private-credit pricing disputes and continuation-fund friction, point to valuation discipline persisting at the top of the market. Watch whether Kalshi-style non-AI rounds and mid-market M&A pick up; both were absent at scale this window.