Freshest dated rounds span Oct 8-30 in a quiet window: 12 deals, $19B disclosed. DeepSeek's $16B Series A led by China's Big Fund is ~84% of all disclosed capital; strip it out and the tape is 11 deals, ~$3B. Other sizable prints: TypeSafe AI's $870M Series A at $7.5B (a16z), Kalshi's $1.0B Series F, Atlas Atomics' $400M at $1.9B (General Catalyst). Valuation marks are sparse: Hone at $285M pre-Series A-adjacent and the two AI names above. Tracked-book weekly data shows zero new dated rounds as of Nov 6 versus two rounds/$17B the prior week — a timing artifact of the quiet window, not evidence of a funding stoppage. Totals cover tracked disclosed rounds only, not the market.
Last-24h coverage is thin on new dated rounds; most volume is M&A, fund-raising and valuation narrative. Notable: Saudi PIF and Silver Lake have reportedly held talks to buy Unity after the EA takeover — reported talks across multiple outlets (Zawya, IGN), no deal announced. Zipline is reported raising with valuation reaching ~$21.5B on a ~$1.5B raise per third-party coverage; treat as reported, pending primary confirmation. Kalepa raised $75M at a $470M valuation (insurance AI). Sand.ai reportedly entered unicorn club after a $200M round.
Tracked-book weekly flow reads zero rounds/$0 this week versus two rounds/$17B last week (-100%) — driven by the quiet window with no dated rounds since Oct 30, not by a market shutdown. Sector read: Technology's $16B (DeepSeek) and Fintech's $1.0B (Kalshi) both fell out of the weekly window. Coverage is 2,454 eligible tracked rounds; 126 of 2,699 tracked companies scored. Tracked-company trends, not whole-market totals.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 0 | 0 | — |
| Last 7 days | 0 | 0 | — |
| Previous 7 days | 2 | 2 | $17B |
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 |
|---|---|---|---|---|
| Technology | 0 | 1 | — | -100.0% |
| Fintech | 0 | 1 | — | -100.0% |
The valuation story is repricing pressure at the top: OpenAI was marked down 10.7% to a reported $1.25T, and WSJ reports major investors are skeptical an Anthropic IPO can achieve a $1.5T valuation — timing and price both questioned. Secondary marks fell too: Dadi Cinema -10.5%, CoinDCX -12.2%. On the markdown watch board, Linktree, Replit and Kajabi all score 86/100 (High risk) at +782%, +488% and +154% versus public comps respectively. 100 companies on watch; 2,573 unscored. Stack Capital's 14.5% drop on concentrated private-tech exposure echoes the same sentiment.
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 rounds span Oct 8-30 in a quiet window: 12 deals, $19B disclosed. DeepSeek's $16B Series A led by China's Big Fund is ~84% of all disclosed capital; strip it out and the tape is 11 deals, ~$3B. Other sizable prints: TypeSafe AI's $870M Series A at $7.5B (a16z), Kalshi's $1.0B Series F, Atlas Atomics' $400M at $1.9B (General Catalyst). Valuation marks are sparse: Hone at $285M pre-Series A-adjacent and the two AI names above. Tracked-book weekly data shows zero new dated rounds as of Nov 6 versus two rounds/$17B the prior week — a timing artifact of the quiet window, not evidence of a funding stoppage. Totals cover tracked disclosed rounds only, 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 |
| 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 |
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.
Lead board on the displayed tape is dominated by single-deal mega leads: Big Fund ($16B total round, not its check), a16z ($870M), General Catalyst ($400M). Benchmark's $60M Hone seed at a $285M valuation is the notable early-stage conviction print. Off-tape but reported last 24h: Janus Henderson led a $730M Series D; a Chicago startup raised $100M; Lightspeed passed $750M for its AI Renaissance strategy (fund size, not a startup check). Finland reportedly draws 90% of Nordic defense-tech VC — defense is consolidating as a venture theme alongside the Shield AI/Echodyne deal.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| China's Big Fund (National Integrated Circuit Industry Investment Fund) | 1 | $16B |
| Andreessen Horowitz | 1 | $870M |
| General Catalyst | 1 | $400M |
| Benchmark | 1 | $60M |
| Framework Ventures | 1 | $50M |
| Sequoia Capital | 1 | $30M |
| First In | 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.
PEI reports six deals targeting identity security as AI reshapes threat models — identity sits directly in Palo Alto's rumored path (Beacon, Clutch Security). The Unity/PIF-Silver Lake story signals continued sovereign-PE appetite for gaming platforms after EA. Virginia's pension targets $750M in annual PE co-investments while its PE portfolio reportedly trails benchmark by 15 points — a caution on co-investment execution. Treat all reported talks as unconfirmed.
Lightspeed surpassed $750M for its AI Renaissance strategy (WSJ) — an AI-dedicated vehicle at scale. India's private-credit/fund pipeline stays active: Northern Arc's first close of its 15th debt fund at Rs 400 Cr and Daksham Capital's Rs 125 Cr first close toward a Rs 300 Cr consumer fund. Canada is seeding a C$25B sovereign fund with retail notes due 2027 — structure worth watching. IA Capital held an initial close of Inter-Atlantic Opportunity Fund I. Fund sizes are not startup investments.
Shield AI's $5.3B acquisition of radar maker Echodyne, reported at a $28.8B company value, is the defense-tech anchor deal. Salesforce is acquiring defense-logistics startup Rune Technologies per Military.com. Palo Alto Networks is in talks — not signed — for two Israeli cyber startups: Beacon (undisclosed) and Clutch Security (reported ~$500M). Houston battery startup FlowCellutions was acquired by a Katy energy company. Reported deal-talk items should be treated as unconfirmed until closing.
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 |
|---|---|---|
| Nous Research | 51 → 60 | +9 |
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: 2026-11-05 · 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 AI-related infrastructure and cybersecurity, with significant capital flowing into specialized hardware and agentic AI platforms. Uncertainty remains elevated as firms like Fal face early-stage valuation pressure amidst soaring inference demand and rapid portfolio rotation, evidenced by institutional activity in both dedicated cybersecurity vehicles and diversified AI manufacturing efforts.
🗂️ 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 | +782% | $1.3B | 56 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +488% | $9.0B | 42 mo ago |
| 3 | Kajabi | SaaS | 86 | High | +154% | $2.0B | 66 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1636% | $2.7B | 54 mo ago |
| 5 | Forter | Fintech | 80 | High | +838% | $3.0B | 66 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +528% | $2.3B | 67 mo ago |
| 7 | Betterment | Fintech | 80 | High | +370% | $1.1B | 43 mo ago |
| 8 | Varo | Fintech | 80 | High | +285% | $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 is ~84% of this week's disclosed capital. Ex-China-megafund, the tape is 11 deals near $3B, with only two $400M+ prints. If you're raising at $50-500M, comps are thinner than headlines suggest; anchor to sector peers, not the mega-round narrative.
Investors are publicly questioning whether Anthropic can IPO at $1.5T, and OpenAI's mark was cut ~10.7% to a reported $1.25T. Public-market pricing discipline is bleeding into private marks — model your next round against real comparables, not peak-cycle anchors.
Shield AI paid $5.3B for Echodyne at a $28.8B value; Salesforce is buying Rune Technologies; Palo Alto is in reported talks for two Israeli cyber startups. Defense and security M&A is absorbing venture-backed companies now — if you're adjacent, strategic buyers are active.
Quiet window, concentrated tape: one $16B round masks thin mid-market flow. Watch Unity/PIF-Silver Lake talks and Anthropic IPO pricing as signals for late-stage valuation discipline.