727 FinanceKalshi completed a $1 billion Series G funding round, reaching a post-money valuation of $40 billion, nearly double its $22 billion valuation in May this year; large AI industry funding rounds were concentrated in inference chips, computing infrastructure, and robotics.
This Issue's Highlights
According to RootData statistics, the crypto primary market disclosed a total of 53 financing events in October, with total disclosed financing of approximately US$1.954 billion, up 83.5% month-on-month from US$1.065 billion in September, but down 45.3% from US$3.573 billion in October last year; the number of financing events rose 12.8% from 47 in September, but fell 32.1% from 78 in the same period last year.
Financing in the crypto industry this issue was mainly concentrated in prediction markets, stablecoin payments, RWA and on-chain financial infrastructure. According to incomplete statistics from PANews, there were 15 investment and financing events in the global blockchain industry last week (10.26-11.1), with total funding exceeding US$1.095 billion. Major financings include:
Prediction market platform Kalshi completed a US$1 billion Series G financing, with a post-money valuation of US$40 billion, an increase of about 82% from US$22 billion in May this year;
PhotonPay announced the completion of a US$40 million Series C financing, led by Blockchain Capital, with SBI Group participating as a new investor;
Cancore, a trading platform based on Canton Network, completed a US$7.2 million seed round, with a fully diluted token valuation of US$60 million;
Predicate, an on-chain compliance infrastructure company, completed an US$8 million Series A financing led by Blockchain Capital, with participation from Paxos, 1kx and Tribe Capital.
According to Crunchbase data, global robotics startup venture capital reached US$9.9 billion in the third quarter of 2026, more than double the US$4.3 billion in the third quarter of 2025, a year-on-year increase of about 185%. In the first three quarters of 2026, financing in the robotics sector grew by about 185% year-on-year, approaching or exceeding US$10 billion for multiple consecutive quarters. Most robotics financing this year was concentrated in China and the United States, with China receiving US$13.2 billion and the United States US$12.1 billion, while Germany ranked third with US$1.7 billion.
Large financings in the AI sector this issue were mainly concentrated in chips, computing power and robotics. South Korean AI chip company FuriosaAI completed US$620 million in financing, with its valuation rising to US$2.9 billion; autonomous driving construction machinery company Bedrock Robotics completed a US$600 million Series C financing, reaching a valuation of US$4.1 billion. Cloud security company Upwind completed US$400 million in financing at a valuation of US$3.8 billion, and AI computing power service provider General Compute received US$100 million in financing.
DeFi
Canton ecosystem trading platform Cancore completes US$7.2 million seed round
Cancore, a trading platform based on Canton Network, completed a US$7.2 million seed round, with a fully diluted token valuation of US$60 million. The round had no lead investor and was raised entirely in the form of SAFTs for its planned CNRX token, with Paper Ventures and dao5 receiving the largest allocations, and ArkStream Capital, X Ventures, MH Ventures and Proof of Talk participating. Cancore aims to connect tokenized real-world assets on Canton with stablecoin and DeFi liquidity on other public chains. Since launching on the Canton mainnet in April this year, it has processed more than US$86 million across more than 160,000 transactions.
Spicenet completes US$5 million Series A financing, led by dao5
Spicenet, a brokerage network for on-chain finance, announced the completion of a US$5 million Series A financing led by dao5, with participation from Babylon and Astrarizon. Together with its previous US$3 million seed round co-led by Hack VC and Magnus Capital, total financing has reached US$8 million. The funds will be used to launch the cross-venue margin product Spice Edge and the SPICE token, and to provide initial liquidity for products within the network. Its cross-chain interaction product Spice Flow has surpassed US$160,000 in beta trading volume. Spice Edge will soon launch its beta, with Derive as the first partner.
Mochatrade completes a cumulative US$5.56 million in financing, led by CoinFund
Mochatrade, an Indian fintech platform incubated by Y Combinator, has completed a cumulative US$5.56 million in financing, with this round led by CoinFund and participation from Coinbase Ventures. The company previously received US$690,000 in pre-seed investment from Y Combinator and Pioneer Fund.
Mochatrade offers Indian traders perpetual contracts linked to US stock prices. Users can deposit funds in rupees via UPI and trade more than 50 US stock perpetual contracts as well as Pre-IPO stocks, commodities, indices and crypto assets, with leverage of up to 50x. The platform is built on Hyperliquid, uses non-custodial wallets, supports 24/7 settlement and requires no overseas remittances. Mochatrade co-founder Chetan Manda told The Block that the platform is currently in testing and plans to open to the public in the coming weeks. The company is advancing registration with India's Financial Intelligence Unit FIU-IND and working with local law firms to build a compliance framework.
On-chain interest rate trading and hedging exchange Rates Exchange receives investment from Coinbase Ventures
Rates Exchange, an on-chain interest rate trading and hedging exchange, announced that it has received an investment from Coinbase Ventures, with the amount undisclosed. Rates Exchange is described as an on-chain order book trading platform for trading and hedging interest rates. The platform currently offers interest rate swaps and plans to launch calculation swaps, FX swaps and fixed-rate equity options.
RWA
Birch Hill completes US$4 million seed round, led by Multicoin Capital
Birch Hill, a New York startup founded by former Goldman Sachs and BlackRock employees, announced the completion of a US$4 million seed round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures and Nascent. Following this round, the company's total financing reached US$6.5 million. Birch Hill is the official Vault curator for the lending protocol Morpho and has applied to FINRA for broker-dealer status, which would allow it to sell private credit products to accredited investors upon approval. The company plans to package and securitize US multifamily housing, agricultural and energy loans and bring them on-chain within the US regulatory framework, and met with the SEC crypto task force in August. The team currently has 8 people, including 3 from Yearn and 1 from Gauntlet.
Stellar Development Foundation makes strategic investment in Marketnode to expand Asia-Pacific institutional tokenized RWA channels
The Stellar Development Foundation (SDF) announced a strategic investment in Marketnode, an Asia-Pacific digital market infrastructure operator, to expand institutional investors' access to tokenized real-world financial assets through the Stellar network. Marketnode is backed by Euroclear, HSBC, Singapore Exchange Group and Temasek, and its business covers the issuance, distribution and servicing of funds, credit and structured products, connecting asset managers, issuers, distributors and accredited investors.
Infrastructure
BNB Chain execution layer project Matrix receives additional Series B investment from Shima Capital and Delphi Ventures, bringing the total for this round to US$8.5 millionBNB Chain execution-layer Rollup project Matrix announced it has secured additional Series B investment from Shima Capital and Delphi Ventures, bringing the total raised in this round to $8.5 million. Institutions that previously participated in this round include ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund.
The funds from this round will continue to be used to advance mainnet launch, the development of the ZK validity proof system, and the Stage 2 decentralization process. Matrix is built on the Facet tech stack and adapted to BNB Chain's PoSA consensus, with no centralized sequencer and no admin privileges; transaction ordering is determined directly by BNB Chain. The team says it can increase effective execution throughput in the BNB ecosystem by 3–5x. Matrix testnet Phase 1 is now live.
Onchain compliance infrastructure Predicate completes $8 million Series A funding, led by Blockchain Capital
According to Predicate's official announcement, the onchain compliance infrastructure company has completed an $8 million Series A funding round led by Blockchain Capital, with participation from Paxos, 1kx, and Tribe Capital. Predicate embeds compliance controls directly into digital assets to block high-risk and sanctions-related activity at the transaction stage. The company says it has screened more than $1 billion in transaction volume to date, evaluated more than 6 million transactions under customized compliance policies, and blocked more than 100,000 non-compliant transactions.
Stablecoin payments
PhotonPay completes $40 million Series C funding to accelerate building the next-generation financial operating system
PhotonPay announced the completion of a $40 million Series C funding round led by Blockchain Capital, with SBI Group participating as a new investor and existing investors IDG Capital, GL Ventures, and Lightspeed Faction increasing their investment. Blacksheep Technology served as exclusive financial advisor for the round.
The funding will accelerate the expansion of PhotonPay's stablecoin-centric next-generation Financial Operating System (Financial OS), with a focus on strengthening core capabilities including multi-asset wallets supporting stablecoins and fiat currencies, global card issuance, and local clearing, while accelerating the development of a financial execution layer that can be called by AI agents.
IOSG Ventures announces investment in Fun
IOSG Ventures announced an investment in Fun, betting on global money infrastructure for the internet market. Fun provides fiat transactions, payment routing, and cross-chain fund settlement services for prediction markets, onchain perpetual contract platforms, and DeFi applications, helping users move funds across different fiat currencies, digital assets, and blockchain networks. According to IOSG, Polymarket's fiat transactions are all processed through Fun, and platforms such as Lighter and Aave are also using its services. Fun currently processes an annualized volume of $100 billion, covering more than 150 countries and regions and over 50 payment methods.
Prediction markets
Kalshi completes $1 billion Series G funding, led by Sequoia Capital and Wellington Management
Kalshi co-founder and CEO Tarek Mansour said Kalshi completed a $1 billion Series G funding round last week, led by Sequoia Capital and Wellington Management. Other investors participating in the round included Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz. In the previous funding round in May this year, the company was valued at $22 billion.
Prediction market intelligence platform Predict Pro completes $4 million strategic funding
Prediction market intelligence platform Predict Pro announced on its official X account on October 26 that it had completed a $4 million strategic funding round, with investors including DuckDao, Becker Ventures, and M2M Capital. Predict Pro said the funds will be used to advance its global ecosystem and develop AI Agents powered by DEITIES to support AI prediction market-related capabilities. According to its official description, Predict Pro positions itself as an AI-native intelligence product for prediction markets, connecting real-world events, market signals, and judgments.
Web3+AI
Meme coin and AI agent launch platform Bullshot has raised a cumulative $7.7 million, led by Animoca Brands and others
Meme coin and AI agent launch platform Bullshot has completed a total of $7.7 million in funding, co-led by P2 Ventures and Animoca Brands, with participation from AWS, B1 Ventures, Becker Ventures, Poolz Ventures, Credit Scend, Panoray Venture, Genesis Capital, Crypto Paradise, TBV, OneAM Capital, Invest DR, Summit Golden Limited, 3Gen Digital HK Limited, and Black Titanium Capital HK. The funds will be used to accelerate product development and launch Bullshot AI pad, helping creators deploy AI agents to manage, market, and grow their token ecosystems. Bullshot currently supports BNB Chain, Robinhood Chain, Base Chain, and ARC Chain.
GAEA completes $3.6 million strategic funding, with more than 850,000 ecosystem users
Decentralized AI ecosystem project GAEA announced on September 19 that it had completed a $3.6 million strategic funding round, with investors including MH Venture, CGV FOF, K24 Ventures, and M2M Capital. The funds will be used to accelerate the development of GAEA's Emotional Layer, expand the global community, and drive the implementation of emotionally aware AI agents. According to its official description, GAEA is committed to building a decentralized ecosystem connecting humans, AI agents, data, and computing resources, and the number of users in its ecosystem has now exceeded 850,000.
NFT
Onchain die-cast car collectibles platform Rip Cars completes $1.5 million strategic funding
Onchain die-cast car collectibles platform Rip Cars announced the completion of a $1.5 million strategic funding round, with investors including DBA, Colosseum, Kyle Samani, Novora, Anas Khader, Sacha Saint-Leger, and Erik C. Rip Cars is a Solana-based collectibles platform built around physical Hot Wheels die-cast cars. Users can open digital packs backed by real inventory and instantly reveal vehicles, choosing to hold them digitally, redeem physical collectibles for delivery, or sell them back through the platform's buyback program.
Models & infrastructure
South Korean AI chip company FuriosaAI completes $620 million funding at a $2.9 billion valuationKorean AI chip startup FuriosaAI announced the completion of a $620 million Series D funding round, with its valuation rising to $2.9 billion, approximately 4 times its previous valuation of $735 million. Investors include U.S.-based Infinitum Partners, Korea's National Growth Fund ($280 million), Jericho Capital, Worldline Capital, Singapore's QUDA Capital, and Abu Dhabi's NeoFort Holding, with existing shareholders Naver, Korea Development Bank, DSC Investment, Nextrans, and Kakao Investment also participating. The Export-Import Bank of Korea made its first direct investment in a startup. Founded in 2017, FuriosaAI began mass production of its RNGD inference chip in January this year and is collaborating with Broadcom on developing a third-generation accelerator. TSMC will produce 20,000 RNGD chips for the company this year, with plans to increase to more than 40,000 units in 2027.
AI compute startup General Compute completes $100 million Series A funding, valuation rises to $800 million
AI compute startup General Compute has completed a $100 million Series A funding round led by Blackbird Ventures and Abstract Ventures, reaching a post-money valuation of $800 million, a significant increase from $60 million after its seed round in May this year. General Compute currently focuses on AI inference compute, using specialized chips from Nvidia competitors, and has reached a $400 million chip procurement agreement with SambaNova. Other suppliers include Positron and Cerebras.
AI GPU cloud platform Hyperbolic completes $30 million Series A1 funding
AI GPU cloud platform Hyperbolic announced the completion of a $30 million Series A1 funding round led by Walden Catalyst, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, Cambium Capital, Salience Capital, and others. The funds will be used to advance its unified control plane Forge, expand multi-cloud orchestration solutions and value-added services, and develop the first Global Compute Grid.
Hyperbolic stated that its goal is to unify distributed GPU compute resources and improve utilization. Forge can standardize heterogeneous bare-metal GPU clusters and provide a unified management interface. Hyperbolic currently serves more than 250,000 AI builders and plans to further support compute trading and resale, enabling GPU capacity to be used on demand like electricity.
Luxor completes $16 million strategic funding, led by CMT Digital
Compute company Luxor Technology announced the completion of $16 million in strategic funding. The round was led by CMT Digital, with participation from Canaan, Bitmain, Halo, Steelhead, and angel investors, with funds including new share financing and secondary share transfers. The funds will be used to expand its agent cloud platform, supplement working capital for its AI hardware business, expand compute derivatives trading and market-making operations, and hire engineering and marketing personnel. Luxor launched its AI business segment Luxor AI in September. To date, its hardware brokerage business has cumulatively traded $1 billion in ASIC mining machines, and its energy business serves loads exceeding 75 MW on the ERCOT and SPP grids.
AI Applications & Agents
AI cloud security company Upwind completes $400 million funding, led by Bessemer Venture Partners
AI cloud security company Upwind announced the completion of $400 million in funding led by Bessemer Venture Partners, with participation from existing investors including Greylock Partners and Craft Ventures, reaching a valuation of $3.8 billion. Upwind primarily provides security protection for enterprise cloud infrastructure, capable of detecting malware and suspicious activity, and expanded its platform this year to address AI-related security risks. The new funds are intended for engineering R&D and building sales and marketing teams.
AI assistant Wabi raises $55 million, valued at $1.25 billion
California-based personal AI assistant company Wabi Inc. has completed $55 million in funding at a valuation of $1.25 billion. The round was led by IVP, with participation from Andreessen Horowitz, Amazon Alexa Fund, and Forerunner Ventures, and the company plans to announce on Thursday. The funds will be used to continue developing software that enables multiple people to interact with AI agents to coordinate activities and make collective decisions.
Wabi was founded by Replika founder Eugenia Kuyda and is headquartered in San Francisco. It positions its product as a personal AI assistant that can be used by multiple people together, combining AI agents, personalized mini-apps, and shared spaces. According to the company's announcement, angel investors include Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo head Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall. The new funds will be used for product development and business expansion. The product is currently available on iOS, Android, and Mac.
AI wealth management platform Nevis completes $70 million Series B funding, led by EQT Ventures
Mark Swan of AI wealth management platform Nevis announced that the company has completed a $70 million Series B funding round. The round was led by EQT Ventures, with new investors Charles Schwab and QuantumLight (founded by Revolut founder Nik Storonsky), and existing investors including Sequoia Capital, ICONIQ Capital, and Ribbit Capital increasing their investments. Nevis has raised a cumulative $110 million in two years. Over the past 12 months, its revenue has grown more than 25-fold, and the client assets of institutions served by the platform exceed $700 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.
Physical AI
Bedrock Robotics completes $600 million Series C funding, valuation reaches $4.1 billion
U.S. autonomous construction machinery startup Bedrock Robotics announced the completion of a $600 million Series C funding round at a valuation of $4.1 billion. At its funding round in February this year, its valuation was $1.75 billion. The round was co-led by CapitalG and Emergence Capital, with participation from Valor Equity Partners, 8VC, Nvidia's NVentures, Eclipse, Georgian, Perry Creek Capital, and Temasek. Following this round, the company's cumulative funding totals nearly $1 billion. The new funds will be used to expand paid deployments. The company develops autonomous excavators and other construction machinery, and has been undertaking paid construction work at commercial sites since August. Co-founder and CEO is Boris Sofman.
Robotics lab Machenta completes $40 million seed round, co-led by Creandum and USV
Robotics lab Machenta has secured a $40 million seed funding round co-led by Creandum and USV. Reports indicate that the company currently has no product; the Creandum team visited its London Archway office in May this year with their own props to stress-test its AI model, which it claims can teach a robot to perform tasks with just a single demonstration.