Tracked tape is thin this week: one disclosed round, Cyera's $400M Series G extension in cybersecurity at a reported $12B post-money, led by Blackstone. Notably, that is flat versus the $12B mark recorded on 2026-09-22 — an extension at the same price, not a markup. Weekly capital change is reported as null (prior week: zero rounds), so no trend inference is possible from the tracked book. External funding press (e.g., Fractile's reported $720M Series C at $7B, an unnamed $1B AI round per WSJ) sits outside the tracked tape and is not reflected here.
Last-24h: Ukrainian rocket startup Orbit Boy is reportedly seeking an IPO in Germany then the US (announcement, not a completed listing). Reports of a NVIDIA leadership transition (Jensen Huang departure claims via low-authority outlets) are circulating and fueling 'investment fears for Korean startups' coverage — treat leadership-change reports as unverified. Anthropic named Vartika Bansal head of startup partnerships in India. ByteDance plans a $6B buyback at ~$400B, up ~20% in a year, per one outlet.
Tracked-book trend data covers only tracked disclosed rounds, not the market: 1 round, $400M this week vs zero last week, all in cybersecurity — sample size makes weekly comparisons meaningless. Context pieces: Grant Thornton-IVCA pegs India at ~2.5 lakh startups with opportunity for emerging fund managers; NIIF reports 38% of FY26 capital to green-transition sectors; Global Venturing published a venture-building report. None of these are investment events.
| Window | Rounds | Disclosed Amounts | Disclosed Capital |
|---|---|---|---|
| Last 24 hours | 1 | 1 | $400M |
| Last 7 days | 1 | 1 | $400M |
| 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 |
|---|---|---|---|---|
| Cybersecurity | 1 | 0 | $400M | Not comparable |
Secondary-mark pressure remains the story: the markdown ledger shows 100 companies on watch, with recent cuts of -31.8% (OpenAI), -48.3% (Kraken) and -50% (TRM Labs). The markdown watch board tops out at Linktree, Replit and Kajabi (all 86/100, High risk, +803%/+457%/+160% vs public comps). Coverage caveat: only 126 of 2,699 tracked companies are scored; 2,573 unscored. Commonfund execs suggest Nvidia turmoil could trigger broader AI re-evaluation — a downside channel for late-stage AI marks.
| Company / Round Date | Reported Post-Money | Prior Post-Money / Date | Mark Change | Evidence |
|---|---|---|---|---|
| Cyera 2026-11-13 | $12B | $12B 2026-09-22 | 0.0% | Tracked roster; source link unavailable |
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 is thin this week: one disclosed round, Cyera's $400M Series G extension in cybersecurity at a reported $12B post-money, led by Blackstone. Notably, that is flat versus the $12B mark recorded on 2026-09-22 — an extension at the same price, not a markup. Weekly capital change is reported as null (prior week: zero rounds), so no trend inference is possible from the tracked book. External funding press (e.g., Fractile's reported $720M Series C at $7B, an unnamed $1B AI round per WSJ) sits outside the tracked tape and is not reflected here.
| Date | Company | Round | Amount | Reported Post-Money | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-11-13 | Cyera | Series G extension | $400M | $12B | Blackstone | Cybersecurity |
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.
Fundraise activity dominated: Fidelity closed a ~$760M venture growth fund, Norwest announced a $4B fund for venture and growth (fund size, not deployment — no startup investments implied), Marktlink closed its fourth FoF at over €100M, JSW Ventures marked the first close of Fund III, and Enza Capital hit a $21M first close for its AI Africa Fund. A KoreaTechDesk piece flags disbursement risk for Korean startups — term sheets and approvals are not cash in hand. Treat all closings as reported.
| Lead Investor | Displayed Deals | Associated Round Sizes |
|---|---|---|
| Blackstone | 1 | $400M |
Total sizes of associated rounds, not the lead investor's check sizes. Investor types are not inferred from their names.
PE-relevant news is mostly structural: Ardent Health is reportedly set to acquire Boone Health (announced, terms undisclosed); Redesign Health launched a Growth Equity practice; Constellation Software's serial-acquirer model drew renewed upside analysis; CredAg plots Germany expansion post-acquisition. A Bloomberg piece reports a PE executive blasting an investment tied to rare political protest — reputational, not transactional. FCA/Reuters reporting on pension flexibility sits in the funds bucket but touches PE allocation too.
LP-side developments: Canada reportedly tapped a senior Bridgewater executive to run its sovereign wealth fund (WSJ, last 24h); the FCA proposed greater investment flexibility for workplace pensions, with Reuters framing it as opening private markets to pension funds; the British Business Bank committed £40m to Harwood Private Capital; PwC published on sovereign wealth and pension funds as principal investors. Direction of travel: more mandated channels into private assets, none of it yet capital deployed.
Acquisition flow continues on both sides of the Atlantic: OpenAI reportedly acquired Odessia for a ChatGPT travel-assistant push; Docugami (Jean Paoli) was acquired by Inveniam; Amyris acquired sweet-protein startup Oobli; EU-Startups reports European startups acquiring in AI, travel and last-mile delivery. Two items to watch: Oura's health-tech acquisition raised conflict-of-interest questions for Eli Lilly per STAT, and specialty insurer Pinion received regulatory green light to acquire Catlin. Most items lack deal values.
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: 2026-11-12 · 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 markets show high concentration in AI-centric infrastructure and drug discovery. While capital remains available for large rounds (e.g., Fractile's $720M, Instinct's potential $1B raise), underlying volatility is signaled by public market caution regarding AI-exposed assets and executive instability at major tech firms. Uncertainty persists as some startups face increased scrutiny, such as CoreWeave's cash burn concerns and tightening credit environments affecting real estate-focused funds.
🗂️ Dataset updated: added 1 company to the QuantLogix private-companies list — Daylight — 2,772 → 2,773. 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 | +803% | $1.3B | 56 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +457% | $9.0B | 43 mo ago |
| 3 | Kajabi | SaaS | 86 | High | +160% | $2.0B | 66 mo ago |
| 4 | Xendit | Financial Services | 80 | High | +1669% | $2.7B | 54 mo ago |
| 5 | Forter | Fintech | 80 | High | +855% | $3.0B | 66 mo ago |
| 6 | Greenlight | Fintech | 80 | High | +540% | $2.3B | 67 mo ago |
| 7 | Betterment | Fintech | 80 | High | +379% | $1.1B | 43 mo ago |
| 8 | Varo | Fintech | 80 | High | +332% | $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.
95 markdowns detected all-time · 22 flagged beforehand · 73 missed · hit rate 23.2%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| OpenAI | 2026-11-09 | Mark cut −31.8% | $1250B → $852B | ✓ Flagged #79 · Moderate |
| Kraken | 2026-11-09 | Mark cut −48.3% | $21B → $11B | ✓ Flagged #84 · Moderate |
| TRM Labs | 2026-11-09 | Mark cut −50.0% | $2.0B → $1.0B | ✗ Missed |
| Incode | 2026-11-09 | Mark cut −64.0% | $3.0B → $1.1B | ✗ Missed |
| Current | 2026-11-09 | Mark cut −88.0% | $13B → $1.5B | ✗ Missed |
| 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 |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
Cyera's $400M extension priced at the same $12B as its September round. When a late-stage company raises big at a flat valuation, it reads as runway-buying, not momentum. If you're planning an extension, expect lead scrutiny on why the price didn't move — and structure accordingly.
Recent cuts ran -31.8% to -50% (OpenAI, Kraken, TRM Labs) and 100 names sit on watch with public-comp premiums of +160% to +800% among top-scored names. Only 126 of ~2,700 tracked companies are scored, so assume your mark is unwatched until a fund audits it. Model your next round at conservative prices.
Korea-focused coverage of approval-versus-cash gaps mirrors a broader point: signed term sheets and announced funds (including several large closes this week) are commitments, not deposits. If your runway depends on a tranched round, underwrite the delay risk explicitly in your cash plan.
A one-deal tracked week limits tape conclusions; the real signals are flat late-stage pricing (Cyera), continuing secondary markdowns, and LP-side structural openings (FCA pensions, new funds). Watch whether AI re-evaluation talk converts into further mark cuts.