financing

The data analysis platform Hex completed a $100 million financing round at a valuation of $1.2 billion, led by Peak XV and 137 Ventures, with participation from Amplify, Avra, a16z, Redpoint, Sequoia, and Zero Prime.

AI wealth management platform Nevis announced the completion of a $70 million Series B financing round. This round was led by EQT Ventures, with new investors including Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky), while existing investors such as Sequoia Capital, ICONIQ Capital, and Ribbit Capital also increased their investments.Nevis has raised a total of $110 million over the past two years. In the past 12 months, its revenue has grown more than 25 times, and the platform's asset scale has increased from $50 billion to over $70 billion. The company has partnered with more than 10 RIAs (Registered Investment Advisors) including Focus Financial Partners. The new funds will be used to expand the team and develop new products.

Spicenet, an on-chain financial brokerage network, announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astrarizon. Combined with the previous $3 million seed round co-led by Hack VC and Magnus Capital, the total funding amount reaches $8 million.The new funds will be used to launch the cross-platform margin account Spice Edge, issue the ecosystem token SPICE, and inject initial liquidity into network products. Spicenet is built on a dedicated L1 settlement layer supported by Celestia, and its core products also include the cross-chain one-click interaction protocol Spice Flow, as well as the in-development tokenized stock consumer application Spice Stocks.

HIVE Digital Technologies, a Bitcoin mining company, announced that its subsidiary BUZZ Alpha Cloud has signed a fixed-rate credit agreement with institutional lenders for approximately $129 million, with an annual interest rate of 9.0% and a term of three years, with a loan-to-value ratio of about 80%.The financing will be used to purchase an AI GPU cluster and related infrastructure, including the NVIDIA GB200 NVL72 system, to fulfill a three-year sovereign AI customer contract signed with Cohere. The CEO of HIVE stated that this financing corresponds to the procurement of 2,303 NVIDIA GB200 GPUs worth approximately $165 million, with the related equity contribution coming from the company's 0% convertible bonds issued earlier this year. The company expects GPU deliveries to take place by the end of the fourth quarter of 2026.

According to Business Insider, AI computing infrastructure startup Hyperbolic has completed a $30 million A-1 round of financing, led by Walden Catalyst, co-founded by Intel CEO Lip-Bu Tan and former Samsung President Young Sohn, with participation from Dell Technologies Capital, General Catalyst, and others.

The developer tools AI visibility and usability platform AgentRel announced on X the completion of a $1.3 million financing round, with investors Y Combinator and Broom Ventures. The funds will be used to build AgentRel.The announcement stated that AgentRel helps developer tool companies see whether ChatGPT, Claude, or Gemini would recommend their products or competitors' products, and identifies the difficult points users encounter when using Claude Code. The announcement also mentioned that Profound, Peec, and most other AI visibility tools primarily measure volume, while AgentRel provides accurate data and helps users take action based on that.

According to Bloomberg, robotics AI software developer Physical Intelligence is negotiating at least $1 billion in financing, with a valuation expected to nearly double to about $20 billion. Existing investors Avenir and Lux Capital are in talks to lead the investment. Earlier this year, Physical Intelligence raised funds at a valuation of $11.5 billion, and insiders say the company currently has no revenue.Physical Intelligence was founded in 2024 by former Google DeepMind researchers and scholars from Stanford University and the University of California, Berkeley. Investors include CapitalG, a subsidiary of Alphabet, Jeff Bezos, and Thrive Capital. The company develops AI software that can run on various third-party hardware and supports multiple robotic actions. Recent job postings indicate that employees will train robots to perform daily household tasks. Earlier this month, Physical Intelligence opened access to its latest robot model for external developers for fine-tuning, which is still in the testing phase.

The cross-chain trading platform Cancore, built on the Canton network, has completed a $7.2 million seed round financing. This round of financing was conducted through a Simple Agreement for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.This round of financing was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest shares. Cancore co-founder and CEO Wasif Rashid stated that the company began reaching out to investors in June of this year, officially launched the financing in July, and completed it in mid-September.

The United States provides $5 billion in financing to Constellation to enhance nuclear power generation.

According to official news, the on-chain compliance platform Predicate announced the completion of an $8 million Series A financing round, led by Blockchain Capital, with participation from Paxos, 1kx, and Tribe Capital.Predicate primarily provides pre-trade compliance review and risk control for stablecoins, tokenized assets, and other on-chain financial products, supporting the restriction of high-risk addresses and sanctioned transactions.

Grvt has subscribed to the tokenized financing notes arranged by the Hong Kong subsidiary of Mirae Asset Securities, one of South Korea's largest brokerages, as the first step in the cooperation between the two parties.Grvt stated that it plans to integrate the relevant exposure into its wealth management feature Grvt Earn. In the future, both parties will also explore products such as tokenized government bonds, corporate bonds, and ETFs. Grvt indicated that products like tokenized government bonds are only potential directions and not confirmed for launch, depending on regulatory and internal approvals.

Meta Platforms stated that the company plans to raise funds through stock issuance to support investments in the field of artificial intelligence, increasing the financing scale from $95 billion to $97.5 billion.Meta has raised the scale of common stock issuance from $22.5 billion to $25 billion, with the total financing amount potentially reaching approximately $103 billion.

According to TechCrunch, AI computing startup General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures. The company's post-investment valuation has reached $800 million, a significant increase from $60 million after the seed round in May this year.Currently, General Compute focuses on AI inference computing, using specialized chips from competitors of NVIDIA, and has reached a $400 million chip procurement agreement with SambaNova. Other suppliers include Positron and Cerebras.

According to Cointelegraph, Luxor Technology, which provides full-stack computing power services, has completed a $16 million strategic financing round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead, and several angel investors.Luxor plans to use the funds to expand its intelligent cloud platform, AI hardware business, and computing power derivatives trading capabilities, as well as to grow its team. The company originally served Bitcoin mining enterprises and is now expanding its GPU and AI server procurement business, aiming to seize opportunities arising from the integration of Bitcoin mining and AI computing power markets.

American construction robotics startup Bedrock Robotics announced the completion of a $600 million Series C financing round, with a post-money valuation of $4.1 billion, a significant increase from the $1.75 billion valuation during the financing in February of this year, bringing the total financing amount close to $1 billion.This round of financing was co-led by CapitalG and Emergence Capital, with participation from Valor Equity Partners, 8VC, NVIDIA's venture capital arm NVentures, Eclipse, Georgian, Perry Creek Capital, and Temasek.

The AI chip trading market and software startup Hyperbolic announced the completion of a $30 million A-1 round of financing, led by Walden Catalyst, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital. Hyperbolic has raised a total of $50 million to date.

According to reports from Lei Feng Network · Whale Rhino, the AI prediction engine company Prophetlab has completed tens of millions in seed round financing, jointly invested by institutions including Ivy Capital. The company was established less than four months ago, and its prediction engine, Prophet Engine, has topped the overall list of FutureX released by ByteDance Seed, receiving millions in commercial orders.Prophetlab's early project utilized AI large models to predict World Cup outcomes, successfully forecasting the final results and the top four teams, with some models achieving an accuracy rate of about 75%. The team consists of AI PhDs and FinTech Masters from domestic and international universities. Founding members have participated in the training of billion-scale models such as Alibaba's Qianwen and Tencent's Hunyuan, and have collaborated with Professor Yan Junchi's team from Shanghai Jiao Tong University in industry-academia-research cooperation. The company is about to release the Investor's Last Exam list, focusing on commercial predictions.

AI-driven on-chain infrastructure project Bullshot announced that it has completed a $7.7 million financing round. The project stated that this round of financing received support from investors, partners, and strategic supporters.Bullshot claims that it is building the next generation of AI-driven on-chain infrastructure, integrating token creation, trading, and autonomous AI agents within the same ecosystem. The project stated that this financing will strengthen its plans for ongoing construction and expansion on-chain.

Bank of America, Blackstone Group, Citigroup, and Morgan Stanley announced a partnership with Broadcom (AVGO.O) to establish a landmark $63 billion financing structure to support artificial intelligence computing capacity.

According to The Block, the Indian fintech platform Mochatrade, incubated by Y Combinator, has completed a $5.56 million financing round, led by CoinFund with participation from Coinbase Ventures. The company previously received pre-seed investments from Y Combinator and Pioneer Fund.Mochatrade offers perpetual contracts linked to U.S. stock prices for Indian traders, allowing users to deposit and trade in rupees via UPI, covering over 50 types of U.S. stock perpetual contracts as well as Pre-IPO stocks, commodities, indices, and crypto assets, with a maximum leverage of 50 times. The platform is built on Hyperliquid, utilizes non-custodial wallets, supports 24/7 settlement, and does not require overseas remittances.Mochatrade co-founder Chetan Manda told The Block that the platform is currently in the testing phase and plans to open to the public in the coming weeks. The company is advancing its registration with the Indian financial intelligence agency FIU-IND and is collaborating with local law firms to establish a compliance framework.