financing

Market prediction protocol functionSPACE announced the completion of a $1.7 million Pre-Seed round of financing, aimed at building economic primitives for pricing numerical outcomes. This round of financing was led by Maven 11 Capital and Blockwall, with participation from Smape Capital.

According to Bloomberg, artificial intelligence infrastructure company Verda has completed a new round of financing of $189 million, led by Emergence Capital, with participation from MUFG Innovation Partners, computer manufacturer Super Micro Computer, Varma Mutual Pension Insurance, and Lifeline Ventures.It is reported that the company's valuation has reached at least $1 billion after the financing.

According to The Block, stablecoin infrastructure company HIFI has completed a $37 million Series A funding round, led by Left Lane Capital, with specific valuation yet to be disclosed.HIFI CEO Zach Walsh stated that this is the company's first priced funding round, and the platform currently processes an annualized transaction volume of approximately $7 billion. This round of funding will be used to expand stablecoin payment products and tokenized capital market infrastructure.HIFI currently supports the inflow and outflow of funds between the US dollar and stablecoins, facilitates payments through the US banking system and bank cards, and provides US dollar cash settlement services for tokenized repurchase agreements and US Treasury transactions. HIFI has also participated in the tokenized securities production trading tests of the US Depository Trust & Clearing Corporation (DTCC).

According to a report by Reuters, the artificial intelligence startup Island announced the completion of a $400 million Series F funding round, led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners, and JP Morgan Growth Equity Partners.The company's valuation has reached $6.4 billion, and the new funds will drive the company into the next phase of growth and innovation, helping businesses expand the application scale of AI agents and modernize work methods.

MeshWallet, a gas-free USDT wallet headquartered in Tallinn, Estonia, announced the completion of a $10 million private placement financing, led by several private investors and small family offices.MeshWallet operates on the TRON (TRC20) network, with the core function of eliminating the need for users to hold TRX to pay gas fees, with transfer fees settled directly in USDT, simplifying the dual-token operation process. This financing will be used to expand the product roadmap and build the user ecosystem.

According to a report by The Information cited by Dongcha, two individuals with direct knowledge stated that the artificial intelligence company DeepSeek has an annual revenue of approximately $1 billion, up from less than $500 million a few months ago. The revenue primarily comes from model APIs, and the free chat application currently has no advertising or subscription revenue.The report indicated that part of the revenue growth is due to price increases, with some API prices raised by about 2.3 to 4.5 times. Liang Wenfeng recently told investors that the number of customers did not decline after the price increase, and demand remains strong. Previously disclosed financial data showed that the gross margin for the API business in the first seven months of this year was 82.9%.DeepSeek's second round of financing plans to raise approximately 50 billion yuan, with a valuation of about 500 billion. The company hopes to complete this by the end of October and is also preparing for an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board. Liang Wenfeng stated that over 70% of the computing power is used for training new models, leaving less than 30% for inference; the company is trying to run more small models directly on gaming graphics cards, reserving high-end chips for training.

On-chain lending protocol USD.AI announced that it has secured a financing amount of $128.9 million in GPU funding, marking the largest single financing in the protocol's history.The financing will be used to support an undisclosed borrower in deploying 32 sets of NVIDIA GB200 NVL72 systems in British Columbia, Canada. This financing amount sets a new historical record for USD.AI.

According to Bloomberg, artificial intelligence inference platform startups Modal Labs and Baseten are negotiating a new round of financing. Modal Labs is valued at around 15 billion dollars, approximately three times its valuation four months ago; Baseten is valued at around 26 billion dollars, doubling from 13 billion dollars in June.As companies accelerate the adoption of artificial intelligence and the development of compute-intensive tools like agents, the demand for model inference services and related computing infrastructure continues to grow.

According to PR Newswire, the on-chain yield protocol infiniFi announced the completion of a new funding round exceeding $3 million, led by Electric Capital, with participation from New Form Capital, Generative Ventures, Fasanara Capital, 2Square, 4th Revolution Capital, DCFGod, The Rollup, and others. The token generation event will take place in the fourth quarter of 2026, and the funds will be used for protocol development, new integrations, multi-chain expansion, and product promotion.infiniFi ended its stealth mode in February 2025 and completed a $3 million pre-seed funding round, launching in June of the same year; the total raised from pre-seed and seed rounds exceeded $6 million. The protocol has expanded to Ethereum, Arbitrum, Katana, Base, and has collaborated or integrated with Ethena, Pendle, Morpho, Aave, FalconX, Curve, Euler, and others. Since its launch, it has generated over $9 million in revenue, with a historical TVL peak of $180 million, currently exceeding $50 million.Founder and CEO Rob Montgomery stated that this round of funding will continue to advance the mission of enabling ordinary people to earn dollar yields and expand distribution through the upcoming infiniFi Prime, enriching yield sources.

According to Fintech Global, Chicago-based AI startup Go.AI has completed a $85 million Series A funding round, led by Updata Partners, with participation from existing investors GFT Ventures and LAUNCH. To date, its total funding has risen to $90 million.Go.AI primarily provides locally deployed, auditable AI infrastructure for regulated entities such as banks. The new funds will be used to expand the engineering team and enhance marketing efforts, driving the company to expand from its core regulated industries to a broader range of compliance-oriented institutions.

According to AIM, AI-native operating system development company Brahma AI raised $150 million through the issuance of preferred stock, with Multiples Alternate Asset Management contributing $100 million.Brahma AI's clients include Warner Bros, NBA, Google, Hakuhodo, and DNEG as its strategic distribution partners. The company's platform focuses on enterprise content intelligence and media evaluation platform Brahma AI Core and creative production suite Brahma AI Studio, with technology covering areas such as visual AI, digital humans, voice, and multilingual performances.

Market news reports that Firmus, supported by Nvidia, is seeking $10 billion in financing to develop artificial intelligence chips.

According to Bloomberg, AI startup Mirendil, founded by former Anthropic researchers, is negotiating a new round of financing, with a post-money valuation expected to reach $5 billion. Sources say that Kleiner Perkins is in talks to lead the round, which could bring in up to $1 billion in new funding, and Andreessen Horowitz is also in discussions to participate.Three months ago, Mirendil completed a $200 million seed round led by the aforementioned two firms, with a valuation of $1 billion. The company was established earlier this year and is dedicated to building self-improving AI models, with plans to launch a cutting-edge model early next year.

Atum, the open payment network, announced its exit from stealth mode and completed a $13.5 million financing round, with investors including Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, Credibly Neutral, and strategic advisor Charlie Songhurst. The company connects payment companies, developers, and enterprises through a single coordination layer, does not issue currency, does not operate a blockchain, does not favor specific tracks, and does not hold customer funds.Atum stated that any integrator, developer, or application can submit payment requests, with settlement providers competing in the market to complete payments on supported chains and stablecoins, offering native authorization, revocable payments, and identity capabilities. The sender specifies the content to be sent, and the receiver obtains the content they request. The network is incentivized based on transaction volume, targeting issuers, acquirers, payment service providers, card organizations, stablecoin orchestrators, wallets, fintech, and enterprises.Atum supports financial institutions and stablecoin issuers, covering non-agent stablecoin payments, as well as agent-based payments conducted through protocols like x402 and MPP. Founder and CEO Pete Cooling previously led Visa's crypto product team and served as Visa's representative at the Linux OpenWallet Foundation. The company is now open to builders, with the website at atum.xyz.

Global payment and financial infrastructure Infini announced the completion of a $6 million seed round financing, with participation from SNZ, Reforge, Enlight Capital, NDV (NextGen Digital Venture), FORTWEST, Vernal, and others.Infini stated that the funds will be used to further strengthen its global payment and financial infrastructure, making it easier and more efficient for individuals and businesses to manage and use funds globally.

Former Google and xAI employee Tina Oberoi is building a startup called Moir, developing authentication technology to combat deepfake threats, and is negotiating a $50 million seed round financing, with a valuation of $250 million.She worked at Google for over 5 years before joining the xAI data team and is one of several former employees who recently left xAI to start their own ventures.

On-chain gold and foreign exchange trading infrastructure XStable has recently completed a new round of financing, which was supported by several institutions including YZi Labs, Sui Foundation, Taisu Ventures, and CatcherVC.Previously, XStable had received investments and support from institutions such as Solana, Amber Group, KuCoin Ventures, and Singchain, accumulating millions of dollars in financing from more than ten institutional investors worldwide. Currently, XStable has focused on market development around gold, silver, and major foreign exchange trading pairs. According to data disclosed by the platform, XStable's average daily trading volume has exceeded 100 million dollars, with a cumulative trading volume of over several hundred billion dollars.

According to an exclusive report from Late Auto, the chip subsidiary of Li Auto is advancing its first round of external financing, with a pre-investment valuation of approximately 15 billion yuan, planning to raise several billion yuan. Business registration information shows that Mach Intelligent Cores Limited was established in Hong Kong on July 14, and on August 4, it fully established Shanghai Mach Intelligent Technology Co., Ltd., with Li Auto's CTO Xie Yan serving as the legal representative; a few days later, it also fully established Shanghai Mach Heart Technology Co., Ltd., with the legal representative being Li Auto's co-secretary Wang Yang.Li Auto's self-developed chip team consists of about 200 people, mainly engaged in AI computing architecture, chip design, and related software development, while advancing two types of self-developed chip projects for vehicles and the cloud. Its first self-developed chip, Mach M100, has entered mass production and is equipped in several new or updated models launched this year; another cloud inference chip is under development, also using a data flow architecture. In the first half of this year, financing in the domestic semiconductor sector amounted to approximately 162.7 billion yuan, with AI computing being one of the key areas for funding. For reference, NIO's chip subsidiary Anhui Shenji completed its first round of financing of 2.257 billion yuan in February this year, with a post-investment valuation of nearly 10 billion yuan.

The collectibles trading platform CatchBack announced the completion of an $8 million seed round financing, led by Foundation Capital, with participation from Y Combinator, Robinhood Ventures, Coinbase Ventures, and Solana Foundation.CatchBack stated that it will use the funds to build products related to collectibles trading.

Deep Blue Aerospace recently announced the completion of its Series B6 and B7 financing rounds, with a total scale of nearly 2 billion yuan. This round of financing attracted industrial capital and professional institutions such as Wuxi High-tech Zone Investment Control Group, Yida Capital, Baotong Technology, and Hongrun Construction.The funds will be primarily directed towards the research and development and industrialization of the company's two major launch vehicle families. Deep Blue Aerospace will continue to advance the development of the medium-sized reusable liquid launch vehicle, Nebula One, and accelerate the in-depth research and development efforts for the large reusable liquid launch vehicle, Nebula Two.