financing

According to Bloomberg, South Korean AI chip startup FuriosaAI announced the completion of a $620 million Series D funding round, raising its valuation to $2.9 billion, approximately four times the previous round's valuation of $735 million.Investors include U.S. Infinitum Partners, South Korea's National Growth Fund (which contributed $280 million), Jericho Capital, Worldline Capital, Singapore's QUDA Capital, Abu Dhabi's NeoFort Holding, and existing shareholders Naver, Korea Development Bank, DSC Investment, Nextrans, and Kakao Investment also participated. The Export-Import Bank of Korea made its first direct investment in a startup.FuriosaAI was founded in 2017 and began mass production of its RNGD inference chips in January of this year, collaborating with Broadcom to develop the third-generation accelerator. TSMC will produce 20,000 RNGD chips for it this year, with plans to increase to over 40,000 by 2027.

According to a report by Investing.com, the Nasdaq-listed company IREN Limited (IREN) has completed a $363 million equipment financing deal with Wingspire Equipment Finance for refinancing GPU servers and network systems deployed in data centers.Wingspire completed the transaction in conjunction with six lending institutions, with Eldridge Capital Management and Silver Point Capital as the main investors. The financing is secured by the related equipment and supported by long-term customer contracts, allowing IREN to recover a certain percentage of the original cost of the equipment, although the specific percentage has not been disclosed.

According to PR Newswire, the on-chain credit platform Ibis announced on October 28 that it has emerged from stealth mode and secured a $250 million credit facility from FalconX to provide structured credit to eligible crypto trading companies.Ibis also completed its pre-seed funding round, led by FalconX, with participation from executives at Anchorage Digital, Innovating Capital, as well as Erebor, Revolut, Injective Foundation, Selini, Pyth, and others. The specific amount of funding has not been disclosed. Among them, Anchorage Digital Bank will serve as the custodian, banking, and design partner, with collateral held by its regulated custody system.Ibis is responsible for initiating, tokenizing, managing risks, and servicing structured credit financing, initially focusing on crypto and prediction markets, with plans to expand into emerging fields such as GPU, robotics, and venture capital in the future.

According to PR Newswire, AI training environment company Plato announced the completion of a $16 million Series A funding round, led by Nava Ventures, with participation from Gradient Ventures, Transpose Platform, and Microsoft AI CEO Mustafa Suleyman. Freddie Martignetti, founder of Nava Ventures, will join the board.After this round of financing, Plato's total funding has reached $19 million, previously led by Gradient Ventures in the seed round.

According to Decrypt, asset tokenization issuer Birch Hill announced the completion of a $4 million seed round financing, led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent. To date, the company has raised a total of $6.5 million.Birch Hill currently serves as the treasury manager for the on-chain lending protocol Morpho, responsible for assessing credit risk and setting related risk parameters. At the same time, the company has applied for broker-dealer qualifications with the Financial Industry Regulatory Authority (FINRA) to sell private credit products to qualified investors, planning to package and securitize U.S. multifamily residential, agricultural, and energy loans for on-chain introduction.

According to Bloomberg, AI cloud security company Upwind announced the completion of a $400 million financing round, led by Bessemer Venture Partners, with participation from existing investors such as Greylock Partners and Craft Ventures, bringing its valuation to $3.8 billion.Upwind primarily provides security protection for enterprise cloud infrastructure, capable of detecting malware and suspicious activities, and this year expanded its platform to address AI-related security risks. The new funds are intended for engineering research and development as well as building sales and marketing teams.

The park is operated by ACS and has signed a 10-year master service agreement with a new cloud service provider in California, initially providing 20 megawatts of critical AI computing capacity. The client has two options for five-year renewals and holds a preferential offer for an additional 32 megawatts of capacity, with a total capacity of up to 52 megawatts.The company expects the first batch of 10 megawatts of capacity to be powered on in December 2026 and begin generating revenue.

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.