
OpenAI cuts funding round target to $20 billion as investors hold back
OpenAI has cut its funding round target to about $20 billion from $30 billion after a tepid response from some investors, reports from October 30, 2026 say.

OpenAI has cut its funding round target to about $20 billion from $30 billion after a tepid response from some investors, reports from October 30, 2026 say.

Blackstone expects Anthropic to be rated in the double-B junk range after its IPO, reversing earlier guidance, according to an October 30, 2026 report.

Canadian AI firm Cohere said on 29 October 2026 it closed the first part of a Series E aiming for up to C$7 billion, at a C$35.7 billion valuation.

Dulo, a San Francisco start-up co-founded by Google X co-founder Sebastian Thrun, has raised a $130 million seed round to build AI models for engineering design.

Mintive raised a $7 million seed round on October 29, 2026, led by Cowboy Ventures, to control what companies' AI agents can access; total funding $11 million.
![NYSE owner ICE backs Trade[XYZ] for regulated perpetual futures on Hyperliquid](https://rvzufslmcasufgzylpvu.supabase.co/storage/v1/render/image/public/article-images/photos/nyse-owner-ice-backs-trade-xyz-for-regulated-perpetual-futur-c42949e6-mvucir9m.jpeg?width=800&quality=85&resize=contain)
NYSE owner ICE agreed on October 29, 2026 to build a CFTC-regulated perpetual futures market with start-up Trade[XYZ] on Hyperliquid technology.

Fragment, a procurement AI start-up, came out of stealth on October 28, 2026 with $56 million from 8VC, General Catalyst and A* to resolve purchasing exceptions.

Cloud security start-up Upwind raised $400 million at a $3.8 billion valuation, reported on October 28, 2026, after turning down Datadog's offer to buy it.

US regulator OCC gave Ripple final approval on October 26, 2026 to open Ripple National Trust Bank, which will hold reserves for its RLUSD stablecoin.

US neocloud start-up General Compute raised a $100 million Series A on October 27, 2026, led by Blackbird and Abstract Ventures, at a reported $800 million value.

New York fintech Coast raised $35 million in growth equity led by Thomvest Ventures on October 22, 2026, to expand cards and AI expense tools for trade businesses.

San Francisco's Bedrock Robotics raised $600 million on October 26, 2026 at a $4.1 billion valuation to scale its retrofit self-driving system for excavators.

Reliable Robotics added $115 million to its Series D on October 20, 2026, valuing it above $1 billion as it seeks FAA approval for autonomous cargo flight.

Paris planning-software firm Pigment raised $250 million at a $2.3 billion valuation, led by EQT's Scaleup Europe Fund, announced October 21, 2026.

US start-up Xona Space Systems raised a $250 million Series D at a $2.45 billion valuation on October 22, 2026 to scale Pulsar, its low-orbit satellite navigation network.

Amsterdam start-up Indurex raised €7 million led by Contrarian Ventures, announced on October 22, 2026, to grow its AI platform that protects industrial safety and control systems.

QuantrolOx, an Oxford University spinout that uses machine learning to tune quantum computers, raised €12 million (about £10 million) in a Series A announced on October 22, 2026.

Mumbai venture firm Unicorn India Ventures said on October 22, 2026 it has launched US operations, led by ex-Google executive Kishore Kanakamedala, to help Indian deep-tech start-ups.

DeepSeek is wrapping up a raise of about 100 billion yuan ($15 billion), with CATL and Tencent among top investors, Reuters reported on October 22, 2026.

a16z Crypto renamed itself a16z Frontier on October 22, 2026, widening its focus to AI and autonomous machines while still backing crypto start-ups.

British eVTOL developer Skyfly closed a $10 million seed round led by HICO Investment Group on October 20, 2026 to certify its two-seat Axe aircraft.

Stockholm's legal AI start-up Legora raised $550 million at an $8.8 billion valuation on October 21, 2026, in a round led by Atreides Management.

Berlin-based JustWatch launched JustWatch TV on October 20, 2026, with free ad-supported titles from 30 partners, rentals and a $3.99 ad-free plan in 11 markets.

OpenAI said on October 20, 2026 it bought San Francisco start-up Orchestra Bio, whose AI agents manage drug development, for its Rosalind life sciences suite.

California's Reflect Orbital bought two dedicated launches from India's Skyroot Aerospace, announced October 14, 2026, on Vikram-1 and Vikram-1U.

Global venture investment reached $170.9 billion in Q3 2026, driven by AI megadeals, KPMG said on October 14, while India's fell to a six-quarter low of $2.6 billion.

US start-up North.cloud raised a $60 million Series B led by PeakSpan Capital on 15 October 2026 to expand software that cuts companies' cloud and AI spending.

UK biotech Microbiotica raised £36 million ($48 million) in a Series C led by the British Business Bank on 16 October 2026 to take its gut-bacteria drug MB310 into Phase 2.

Defence tech start-up Anduril opened a $1.3 billion employee tender on 13 October 2026 at $94.80 a share, valuing it at about $90 billion, it confirmed.

Fintech group ID Finance has secured €545 million in debt and equity to expand Plazo, its consumer finance app in Spain, in one of the country's largest fintech rounds.

Harmonic Security raised a $50 million Series B led by Crosspoint Capital Partners on October 14, 2026, taking its total funding to $76 million.

AI infrastructure start-up Prime Intellect said on 13 October 2026 it acquired Moondream, maker of small open-source vision models; terms were not disclosed.

Siemens led an investment of at least $100 million in Estonian supercapacitor maker Skeleton Technologies on 14 October 2026, valuing it above $1 billion.

UK start-up Salience Labs raised a $125 million Series B led by Bullhound Capital, with AMD Ventures and Intel Capital, on October 14, 2026, to scale optical switches for AI.

A US bankruptcy judge on 14 October 2026 approved the sale of fast-food start-up Salad and Go's brand and recipes for $180,000 to a firm formed by its founding chef.

OlsAro, a Gothenburg start-up using AI to breed climate-resilient cereals, raised €5 million led by Industrifonden, reports said on October 14, 2026.

Shenzhen robot maker Astribot raised about 1 billion yuan on Oct 13, 2026, at a 15 billion yuan (about $2.2 billion) valuation, led by a Shenzhen state investor.

Zurich start-up Klarent raised about €7.13 million in a seed round led by Mosaic Ventures, announced October 9, 2026, to expand AI software testing to the US.

New York start-up Ultra raised a $50 million Series A led by Framework Ventures, announced on 9 October 2026, to rent warehouse robots instead of selling them.

Indian clean-label food brand Pluckk has launched in the UK, its first foreign market, with 17 stores and a target of about 500 within a year.

US fusion start-up Type One Energy raised $200 million on October 6, 2026, co-led by Breakthrough Energy Ventures, toward a 400 MW plant in Tennessee by 2034.

Sussex spinout Universal Quantum said on October 8, 2026 it raised more than $100 million in a Series A co-led by DCVC and Firgun Ventures.

Robot training-data start-up Mecka said on October 7, 2026 it raised a $60 million Series B led by Sequoia Capital, with NVIDIA and Samsung joining.
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