Tracked tape shows just 2 disclosed rounds in the last 7 days, $17B total — but one deal is nearly all of it: DeepSeek's $16B Series A (2026-10-30), led by China's Big Fund (National IC Industry Investment Fund), filed under Technology. Kalshi's $1.0B Series F (2026-10-29) is the only other entry, in Fintech. The prior week recorded 0 rounds, so the weekly capital change is null rather than positive — a $16B round landing on an empty base is concentration, not a trend. Note: the $16B figure is the round size disclosed for DeepSeek; we do not treat it as a valuation. Mega-round board: OpenAI $122B, DeepSeek $16B, Waymo $16B. Coverage: 2,453 eligible rounds tracked, 0 missing weekly amounts, 2 missing weekly valuations. With 2,573 of 2,699 companies unscored, this tape is thin and narrow — treat it as a sample, not the market.
Company-level news is light. Ecosystem and program items dominate the daily feed: Malaysia launched an ASEAN startup digital centre at the Cradle LIVE! Summit 2026; Bahrain fintech startup SITR launched a Shariah-compliance platform for Islamic banks; Oyo state backed the Ibadan Startup Fest; Aster and Startup Grind Doha partnered on founder healthcare benefits; L&T Finance ran Pitch Point 2.0 for AI startups. A promotional item (LaunchGlobally.com) also appeared — flagged as PR. Nothing in this feed constitutes funding, valuation, or M&A confirmation; coverage here is thin and largely regional-ecosystem color.
Sector signals, all source-reported: space hardware investment hit $17B in 2026, described as up 34-fold (tech-insider.org — magnitude claim unverified by us). Vietnam climate-tech funding fell 52% in 2025 with a mid-sized funding gap and talent shortage cited. KPMG published its Americas Q3'26 Venture Pulse report. Hong Kong's Cyberport startups have secured over HK$74.5B cumulatively (program-level, not weekly flow). Caution flag: a widely circulated $3.68B SE Asia funding figure is explicitly unverified (tech-insider.org). Ottawa's investment in Cohere is sparking debate in Canada over the right model for supporting AI. Directionally: capital concentrating in hardware/AI, retreating from climate in parts of Southeast Asia.
| 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 |
Source-reported, not on our tracked tape: generative-media inference startup fal raised $1.3B at a $16B valuation, doubling per TechCrunch/SiliconANGLE — note the coincidence with DeepSeek's $16B round size; they are unrelated figures. Traversal raised $120M at a $1B valuation (SiliconANGLE). Seven Indian startups reportedly crossed $1B (Financial Express). Counter-evidence: Morningstar argues Anthropic exposure via funds/ETFs probably isn't worth the wrapper; Neostellar Capital's Q3 2026 NAV fell. Markdown Watch tops the premium board: Linktree, Replit, Kajabi all score 86/100 (High) at +785%, +336%, +155% vs public comps. 100 names on watch; recent marks: OpenAI -10.7%, CoinDCX -12.2%, Dadi Cinema -10.5%.
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 shows just 2 disclosed rounds in the last 7 days, $17B total — but one deal is nearly all of it: DeepSeek's $16B Series A (2026-10-30), led by China's Big Fund (National IC Industry Investment Fund), filed under Technology. Kalshi's $1.0B Series F (2026-10-29) is the only other entry, in Fintech. The prior week recorded 0 rounds, so the weekly capital change is null rather than positive — a $16B round landing on an empty base is concentration, not a trend. Note: the $16B figure is the round size disclosed for DeepSeek; we do not treat it as a valuation. Mega-round board: OpenAI $122B, DeepSeek $16B, Waymo $16B. Coverage: 2,453 eligible rounds tracked, 0 missing weekly amounts, 2 missing weekly valuations. With 2,573 of 2,699 companies unscored, this tape is thin and narrow — treat it as a sample, not the 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 formation continues at mid-market size: NSV raised nearly $55M in the first close of its inaugural biotech fund (WSJ, last 24h). Reed Jobs's Yosemite closed a $350M second fund focused on cancer therapeutics (Fortune). Egypt's Nclude VC reached a final close above $112M (WeeTracker). Ondine Capital hit a first close on Fund III with Taiwan chip companies as LPs (VIR/TNGlobal). Singapore's EDB announced an additional S$440M to back deep-tech startups — a state commitment, not a VC fund close. Read: dedicated pools for biotech, Africa, and semiconductors-adjacent capital are forming even as headline deal flow on our tracked tape stays thin.
| 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.
Headline claim: global PE investment hit $1.5T as funds favour larger deals (CEO Magazyn, last 24h) — a single-source aggregate, treat as reported. Deal flow: Capmont took a majority stake in Kramer Group in a succession deal (PEI); Novant Health acquired Northern Regional Hospital. Credit capital is moving creatively: Nooks landed a $500M customer value fund commitment (Unite.AI) — a commitment structure, not an equity round. Risk signals counterweight the $1.5T narrative: hedge fund executives warn of mounting private credit risks (Private Equity Wire), and infrastructure investors are wary of defence infrastructure challenges (Infrastructure Investor). Sponsors are deploying, but warnings on credit quality and defence execution are getting louder.
Everstone AMC made a first close of its PE fund at $179M (DealStreetAsia). Policy counterpoint: Missouri voters rejected a proposal to create a sovereign wealth fund (Missouri Independent) — public appetite for state vehicle creation is not uniform. Stewardship: XPS finds ESG progress plateauing, with private markets lagging on stewardship and climate risk. Asset owners: IPE's November insights cover new mandates, private-markets solutions, and net-zero under scrutiny; Alecta promoted its equities head to lead asset management; the Cystic Fibrosis Foundation CIO discussed its venture strategy and private-assets outlook (PEI). LP behavior remains steady; ESG momentum is the soft spot.
AI security is drawing strategic buyers: CrowdStrike is acquiring Fiddler AI and Dreadnode for a reported ~$495M combined (SiliconANGLE, last 24h; several outlets' headlines say $500M — treat as reported, not confirmed) and is adding a kill switch for AI agents. Salesforce is buying defense startup Rune for a reported ~$375M (Channel Insider); TradingView separately flags Salesforce stock falling today — buyer enthusiasm and shareholder reaction can diverge. OpenAI announced it will acquire Pierre Computer to bring code storage to Codex (announcement, terms not disclosed). Also: Novant Health acquired Northern Regional Hospital (Modern Healthcare). No deal values are confirmed closings unless stated.
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: 2026-11-03 · 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 highly concentrated in AI-infrastructure and inference-service providers, with massive valuation premiums being realized (Fal reaching $16B valuation). Despite high-profile fundings, there is significant uncertainty regarding long-term sustainability, highlighted by the massive $104B loss reported by Anthropic and continued capital intensity in the sector. Fund managers are moving to capture this 'cyber-AI' nexus via new vehicle registrations, while public debt markets show high interest (8.75% coupon for ALPPES Capital) in vehicles holding private-market assets, signaling robust appetite for private exposure.
🗂️ Dataset updated: no new closed rounds to add; list holds at 2,753.
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 | +785% | $1.3B | 56 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +336% | $9.0B | 42 mo ago |
| 3 | Kajabi | SaaS | 86 | High | +155% | $2.0B | 66 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1764% | $2.7B | 54 mo ago |
| 5 | Forter | Fintech | 80 | High | +907% | $3.0B | 66 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +574% | $2.3B | 67 mo ago |
| 7 | Betterment | Fintech | 80 | High | +405% | $1.1B | 43 mo ago |
| 8 | Varo | Fintech | 80 | High | +272% | $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 is 94% of this week's tracked capital, and last week was zero. If you're benchmarking your raise against 'the market,' you're benchmarking against one state-led mega-round. Price against your sector comps and public proxies, not this headline.
Linktree, Replit, and Kajabi sit at 86/100 on Markdown Watch, priced +155% to +785% over public comps. High scores flag rich private marks, not safety. If your next round prices at a similar premium, expect the same scrutiny — and build the model so a markdown doesn't blindside your cap table.
OpenAI reportedly cut its funding target by $10B to $20B and took a -10.7% mark cut. Even the largest private company adjusts ambitions when the window tightens. If a raise is on your 2027 plan, the cheap option is starting earlier with more buffer, not retrofitting a smaller round later.
Watch two threads: whether state-led mega-rounds (Big Fund → DeepSeek) keep substituting for broad deal flow, and whether OpenAI's trimmed $20B target signals LP caution cascading down-market. M&A appetite for AI security and defense assets looks firm.