Themes

Hadrian's $1.37B round at an $8B valuation dwarfs the theme, while TDK's up-to-$400M Fabric8Labs buy shows electrochemical metal printing being absorbed by strategics.

Hadrian's $1.37B round at an $8B valuation dwarfs a theme where Fabric8Labs sold to TDK for up to $400M and MarkForged fell 98% to $42.5M.

Pophouse Entertainment's Iron Maiden acquisition signals that catalog M&A, not NFT drops, is where digital ownership capital is going, with zero NFT deals in 28 days.

Roche's $15B Hansoh bid and GSK's $10.6B Nuvalent deal headline a biotech tape where 48 deals moved $6.2B in 28 days.

Capital surged to $98M across 4 deals in the week of Sept 28, led by $60M Series C rounds, as Insight Partners backed AI hiring tools.

Greg's $5M seed from Index Ventures and First Round is the only true plant-care deal; the theme's $105M 28-day total is mostly Nourish's $100M Series C.

A single $1.37B Series D at an ~$8B valuation, backed by Baillie Gifford, Founders Fund and a16z, shows defense-grade precision manufacturing priced like a mainstream tech unicorn.

Ascensia's $36M Series B and Greylock's Antioch simulation platform signal capital flowing to sim-to-real infrastructure, while world models get audited as simulators.

Capital surged to $873M across 10 deals in the week of Oct 5, led by $75M and $150M Series Bs and a $251M Series D backed by Founders Fund and Lux.

Series A rounds of $47M and $48M plus In-Q-Tel's two cheques show biological manufacturing pulling in strategic capital, while Phytolon's $23.6M Series B anchors the pigment niche.

Eli Lilly's up-to-$7B Kelonia buy and Tune Therapeutics deal anchor a $1.2B, 14-deal month as velocity climbs to 1.6x.

A $100M Series B backed by Lowercarbon, DCVC and Upfront anchors $153M of 28-day capital as carbon verification matures into institutional infrastructure.

Valar Atomics' Sequoia-led Series B at a $6B valuation, alongside Vistra's $4.2B, helped push the week of Oct 12 to $11.6B across 16 deals.

Waymo's $5B round, roughly the whole week's capital in a $23B mega-round week, shows AV capital pooling at the top while Wayve's GAIA world models set the research pace.

Hertha Metals' $134M Series A, with Khosla, Doerr and a $65M U.S. government check, anchors $1.6B of 28-day capital into low-carbon industrial inputs.

Ramp's $1.85B growth round at a $60B valuation anchors a theme where $3.7B landed in the week of Oct 12 across 12 deals.

Two $8M seeds ($16M total) are the only cobot capital in 28 days, while Franka, UR, xArm and Flexiv arms dominate physical-AI research platforms.

Healthtech pulled in $3.8B across 81 deals in 28 days, led by a $150M a16z/F-Prime Series A at a $1.45B valuation and Roche's $15B Hansoh deal.

Hertha Metals' $134M Series A, with a $65M U.S. government check alongside Khosla and Doerr, anchors a $552M, six-deal 28-day window for critical minerals.

A $125M Series B backed by Bullhound, AMD Ventures and Intel Capital led $714M of 28-day capital, but only Folio Photonics is actual optical storage.

Serval's $47M Series A led by First Round and a Datadog-backed seed show AI-native IT ops drawing $506M across 18 deals in 28 days.

Blackstone's $10B IntraFi deal and a $1.85B growth round at $60B headline $27.5B of fintech capital across 89 deals in 28 days.

Anysphere (Cursor) is being acquired by SpaceX in a $60B all-stock deal, while the Product Hunt developer-tools feed fills with agent-supervision utilities.

Humanoid funding has dwindled to $94.5M across 4 deals in 28 days, led by a $36M Ascensia Series B, while Unitree G1 anchors the research.

Ribbit Capital has backed 15 deals in 28 days as crypto-native infrastructure drew $2.67B across 22 rounds, including a $150M Series D at a $2.3B valuation.

Autonomous charging is thinly funded: one $15M Series B in the last 28 days, while Rocsys' 10-bay robotic arm anchors the category.

A $150M a16z/F-Prime Series A at a $1.45B valuation anchors $300M of robot-manipulation funding in the latest week, while Mind Robotics draws a16z and Eclipse backing.

Proofpoint's $6.3B Varonis deal and Trail of Bits landing at OpenAI show incumbents buying AI-era security, while 26 deals drew $3.5B in 28 days.

AMD's $8.2B all-stock purchase of World Labs, reported in five separate signals, makes it the first big strategic exit in world models as 28-day capital hits $7.4B.

Valar Atomics' Sequoia-led Series B at a $6B valuation helped push weekly funding to $8.4B across 10 deals, the sector's biggest week in 90 days.

Agents are getting payment credentials: VGS agentic tokens and Stripe Link's 300M accounts anchor a $5.3B, 34-deal month for embedded finance.

Imitation learning is now defined by Physical Intelligence's π0.5 as the baseline to beat, while only $72M across 2 deals (a $36M Series B led by Ascensia) landed in the last 28 days.

EQT co-led a $50M Series B at a $750M valuation as AI-native private-markets tooling absorbs capital: $356M across 5 deals in 28 days.

Google Cloud now sells OpenAI models via Model Garden as CBRE pays $1.1B for Onnec; weekly cloud capital hit $7.1B mid-October.

Robotics pulled $4.3B across 43 deals in 28 days, with early-stage rounds like a $90M seed and a $150M Series A at $1.45B leading.

Pantera and Circle Ventures backed a $10M Series A as stablecoin payments logged 13 deals and ~$2.0B in 28 days.

Salesforce is absorbing the category (Fin at ~$3.6B, Qualified), while HubSpot's Customer Agent autonomously resolves 70% of support conversations and 16 deals pulled in $1.3B in 28 days.

Capital is concentrating in AI networking: a $445M Series D backed by AMD Ventures, Jane Street and Atreides leads $4.7B across 20 deals in 28 days.

Sequoia, Nvidia and M12 backed a $60M Series B in humanoid imitation-learning infrastructure as weekly mentions hit 24, while π0.5 benchmark failures expose the field's generalization gap.

Notion 3.8 turned workspaces into a shared agent context layer while 57 deals and $9.3B flowed in 28 days, with Glean at $7.2B and $100M ARR as the benchmark.

Waymo's $5B round, backed by Sixth Street, Blackstone and PIMCO, makes up nearly all $5B of 28-day AV physical-AI capital, versus $0 in most recent weeks.

Physical AI drew $1.2B across 10 deals in 28 days, led by a $500M growth round, as Project Prometheus nears a $10B raise at a $38B valuation.

Deal count has tripled to 12-13 a week while weekly dollars fell from $985M to $560M; $50M Series As and a $350M growth round at $4B set the tone.

Rogo's $160M Series D headlines a theme drawing $8.66B across 35 deals in 28 days, as AI-native research tools reach PE, HF and VC desks.

Intuit's $200M acquisition of Sequence, plus Basis at a $1.15B valuation and Accrual's $75M debut, show AI accounting consolidating around incumbents and unicorns.

Siemens led a $1B growth round at a $1B valuation and backed a $133.65M Series A, as strategics anchor industrial deep tech.

Kahua's $250M Bain-led growth round at a $1B valuation anchors $2.5B in 28-day capital as construction AI funding accelerates.

Capital surged to $391M and $411M in consecutive weeks, led by $50M Series Bs backed by Lockheed Martin and Unusual Machines and a $140M Insight-backed Series B.

No capital has flowed in 28 days, yet research is accelerating: Q-Planning lifted bimanual success from 40% to 90% in five iterations, and ManiSkill3 cut training time 18x.

Dexterous manipulation is turning into a software-and-whole-body race: Amazon-linked research moves hand dexterity to the Unitree G1 humanoid on Nvidia's GR00T and RTX stack, as $5.1B lands in 13 deals in 28 days.

Nvidia sits in 50 deals in this theme while 15 deals moved $10.6B in 28 days, with Wayve's end-to-end AI Driver and Waymo's fleet model setting the pace.

Quantum drew $6.98B across 24 deals in 28 days, with Nvidia on 50 deals and strategics like Indra Group leading rounds such as Qilimanjaro's.

Salesforce's $5.66B Braze deal and a $250M Nvidia-backed round at a $2.3B valuation show incumbents buying and AI-native vendors scaling in Enterprise SaaS.

Anduril's $1.3B employee tender at a $90B valuation anchors a theme that drew $7.6B across 25 deals in 28 days, with Nvidia in 50 deals.

Live social commerce capital peaked at $1.5B in one August week led by Whatnot, then went quiet: $0M across the last eight weeks.

E-commerce funding has cooled to $49.6M across 4 deals in 28 days, while Great Hill's $1.5B Custom Ink buyout and agentic-commerce debates dominate.

Vistra's $4.2B round and Siemens-backed $1B growth rounds lead $16.4B in 28 days as AI data center power demand pulls utility and industrial capital into grid infrastructure.

Circle's $400M Tazapay buy and Airwallex's $320M Series H headline a $1.04B month as stablecoin-native cross-border payments draw sovereign and institutional capital.

Neuralink's 1,000+ electrode implant, now in 21 participants, anchors a field where Axoft's $55M Series A and Tianjin's 3-gram Brain Cube show miniaturization racing ahead.

Week of Oct 12 saw $10.2B across 8 deals, with a $68B IPO mention and SpaceX/xAI/Nvidia space data center talks, pushing 28-day capital to $11.8B.

Nvidia sits behind 50 deals in physical world models, while Odyssey's $310M Series B at a $1.45B valuation shows pure-play simulators now command unicorn pricing.

Data infrastructure is cooling: $1.07B across 20 deals in 28 days, as micro1 pledges $1B to buy proprietary data and Reducto turns documents into agent-ready data.

Voice agent platforms drew $942M across 18 deals in 28 days, as ThunderPhone's 2¢/min pricing and open-source Dograh signal a collapsing price floor.

Nvidia sits behind 50 deals in the sim-to-real theme, while $4.08B moved across 10 deals in 28 days and a reported $30B Reflection deal reshaped the stack.

Capital in the theme jumped to $5.94B over 28 days, with $4.06B landing in the week of Oct 5, while agentic research tools like Finbar, Driven and Supertake proliferate.

RL funding is cooling to $107M across 5 deals in 28 days, led by a $36M Ascensia Series B and a $35M Accel-backed seed, while DeepMind-lineage research dominates the conversation.

VLA stays Nvidia-anchored: $5.6B across 20 deals in 28 days, but weekly capital fell from $11.5B in late July to $50M as research moves to open backbones.

AI search visibility tools like Profound, Peec AI and Searchable crowd in as capital hits $3.6B in the week of Oct 12 across 15 deals.

Uber's $2.3B ezCater deal dwarfs a cooling funding tape: just one $12M Series A in 28 days as marketplace capital dries up.

Nvidia's 50 deals anchor embodied foundation models, with Genesis AI's $105M seed and Nvidia's planned French stake drawing sovereign-scale capital as weekly funding cools from $10.9B to $132M.

Garner's $100M Series E at a $2.74B valuation anchors a navigation market where 47 deals and $3.5B landed in 28 days.

104 deals and $37.5B in 28 days, with a16z in 58 and Nvidia in 50, as agent-building tools multiply from Lovable and Replit to dozens of MCP-native startups.

Rogo's $160M Series D anchors a theme where 52 deals and $13.7B in 28 days are shifting from deal-sourcing tools to agentic operating systems for private markets.

Crypto funding cooled to $501M across 12 deals in 28 days, with $110M rounds from CoinFund and a growth syndicate leading while AI-security and prediction-market stories dominate chatter.

Neuromorphic and post-GPU hardware drew $2.0B across 14 deals in 28 days, while Flourish seeks ~$500M at a $2.5B valuation before shipping a product.

Talent matching saw $2.1B across 22 deals in 28 days, but weekly capital fell from $1.1B to $86M as AI recruiter agents like Metaview's Fillmore and Crustdata ship.

Intuit's $200M acquisition of Sequence, plus a $870M a16z/Sequoia Series A, show agentic finance moving from pilots to scaled, acquirable infrastructure.

Genspark's $100M Series B extension at a $2.6B valuation anchors a theme where agent-native workspaces, not task apps, are absorbing productivity spend.

Humanoid Physical AI drew $4.16B across 14 deals in 28 days, while Nvidia's 50 deals anchor a stack running from GR00T models to Unitree G1 benchmarks.

Hardware raised $10.1B across 46 deals in 28 days, with Nvidia in 52 deals and a $1.5B Series E at a $6.2B valuation leading the chip bets.

Capital in AI physical security is dominated by mega-rounds, led by Nvidia's 50 deals and Anduril's $1.3B growth round at a $90B valuation, while Flock Safety's 18% layoff exposes privacy risk.

Capital is concentrating in mega-rounds: $3.75B across 9 deals in 28 days, led by an $870M a16z Series A at a $7.5B valuation.

Higgsfield hit $1B annualized revenue in 18 months while Decart raised $300M near a $4B valuation, showing generative creative tools are scaling at frontier-lab speed.

Nvidia sits in 52 semiconductor deals while a $1.5B Series E at $6.2B valuation and a $220M Series A show inference-silicon capital is still flowing despite cooling velocity.

Nvidia leads 50 deals in physical-world-model investing as $11.4B moved in 28 days; Odyssey's $310M Series B and Decart's $300M raise at ~$4B mark the field.

Week of Oct 12 hit $14.3B across 22 deals as Valar Atomics' Sequoia-led $1B Series B at a $6B valuation and a $1B Siemens-backed growth round headlined.

RadixArk's $100M seed to commercialize SGLang headlines a theme with 65 deals and $33.8B in 28 days, Nvidia in 50 of them.

AI Vertical SaaS drew 90 deals and $23.0B in 28 days, with a16z in 60 of them as agents start to outwork humans.

Nvidia-backed neoclouds Nscale ($35B) and Firmus ($30B) rushed to IPO just as CoreWeave's debt hit a 15% yield, putting $35.9B of 28-day capital to the test.

Capital is thinning out in precision manufacturing: weekly funding fell from $10.7B (Jul 27) to $200M (Oct 12), even as Hadrian and Machina Labs anchor the category.

Nimbia's screen-sharing AI onboards users with 1.4X higher activation, even as $4.5B in 28-day capital flows overwhelmingly to infrastructure rather than onboarding.

Amazon-linked labs dominate robot RL research as Unitree G1 diffusion policies hit 1.000 best-of-100 success, while 90-day seed deals total $399M.

Nvidia sits in 50 deals as Genesis AI ($105M seed) and Dyna push robot foundation models, even as weekly capital fell from $13.8B to $288M.

Capital into AI cybersecurity is $21.4B across 88 deals in 28 days, led by Nvidia in 50 deals, as autonomous pentesting and agent security emerge.

AI infrastructure funding cooled to 75 deals and $46.2B in 28 days, yet Nvidia still joined 52 of them and Anthropic disclosed $600B+ in compute commitments.

Code intelligence is moving from generation to comprehension: $15.96B across 45 deals in 28 days, while GitNexus, Polygraph and Hyrax AI build queryable codebase layers for agents.

Proofpoint's $6.3B Varonis takeover at $49.75/share shows incumbents buying data classification and permissions tracking to make their AI security story credible.

64 deals and $9.86B in 28 days, with a16z, Bessemer and Accel leading, as AI coworkers move into Slack, back-office and vertical workflows.

BlackRock co-led a $200M Series D and appears in 11 of 30 deals as agentic finance AI draws $6.5B in 28 days.

Agent funding stays heavy on large Series A rounds: a $232M round at a $1.5B valuation and a $220M Series A backed by Lightspeed, Bessemer, Nvidia and Dell.

Embedded vision pulled $2.37B across 14 deals in 28 days, with Samsung in 11 of them and a $1.46B week on Sept 28.

Thinking Machines Lab's record $2B seed at a $12B valuation, with ElevenLabs at $11B, shows voice and full-duplex interaction commanding frontier-lab capital.

AI training data drew $19.6B across 60 deals in 28 days, with a16z in 57 and Nvidia in 50, as physical-world data becomes the new frontier.

On-device AI is flooding Mac and iOS with privacy-first apps like oMLX and KernelAI, while weekly capital swung from $16.8B to under $0.5B.

Verifying AI agents is becoming its own funded category: Shamrock AI's $5M seed and 49 deals in 28 days point to agent reliability tooling.

Simulation capital is concentrating in mega-rounds: $17.2B across 29 deals in 28 days, with Nvidia in 50 deals and world-model labs like Odyssey ($310M Series B, $1.45B valuation) setting the pace.

Nvidia's reported $30B Reflection acquisition and Meta's 816B-parameter open Muse Spark anchor a week where open-weight share on OpenRouter has topped 60%.

Frontier LLM agents are now designing magnets and tougher graphene, while a $450M Series B and Nvidia's Entalpic bet show capital chasing materials AI.

Agent-written software hit 60% of Vercel deployments, up from 3% at the start of the year, as design tools race to feed coding agents on-brand context.

22 deals and $4.8B in 28 days, with Nvidia in 10 and Google in 7, while frontier models start producing original science results.

Clinical decision support drew $10.6B across 45 deals in 28 days, with Nvidia in 50 deals and Aidoc's $150M Series E anchoring the category.

Isomorphic Labs' reported $45B growth valuation anchors a week of AI-drug-discovery deals, including a $310M Series C backed by Bain Capital Life Sciences, Forbion and Novo Holdings.

Intuit's $200M acquisition of Sequence, an a16z-backed AI revenue-ops startup that raised about $40M, shows agentic finance workflows are now acquisition targets.

AI chip funding hit $26.8B across 72 deals in 28 days, with Nvidia on 50 deals and a16z on 57 as Etched ($10.3B) and SambaNova ($11B) hold mega-valuations.

LLM funding is cooling to 21 deals and $20.5B in 28 days, yet Anthropic's $16.3B H1 revenue and a $120B growth round signal concentration at the top.

Insurance for AI agents is becoming its own category: Harbor's $40M Series A led by Ribbit, a $10M seed for Base10/8VC-backed insurtech, and GTCR's $6.1B CCC buyout mark the shift.

Browser agents are fragmenting into AI-native browsers and web-to-API layers: Pomerado (174 votes) and Retriever (186 votes) launched in one week as Meta's $2B Manus deal looms.

Agent-native commerce rails are forming: Sapiom, Agentcard, ZeroClick and Loomal let agents buy APIs, goods and compute, while Intuit paid $200M for Sequence.

Generative audio logged $647M across 10 deals in 28 days, but weekly capital has collapsed from $11.25B in mid-August to $26M as voice-control products like Fish Audio Drama 3 ship.

AI Safety is cooling on deal count, with 12 deals and $23.5B in 28 days, as frontier-lab mega-rounds and delayed OpenAI/Anthropic IPOs dominate.

A $30B growth round at a $1.4T valuation and a $120B growth raise dominate October, while deal count cools to 32 in 28 days.

AGI research absorbed $18.3B across 32 deals in 28 days, with Nvidia in 50 deals and Anthropic near $17B quarterly revenue.

Frontier models are now producing real discoveries — Claude-designed graphene ~25% stronger, GPT-6 Astra overturning a 1967 plasma conjecture — while $4.98B moved in 28 days.

Anthropic's ~$16.8B Q3 revenue, up nearly 50% and cash-flow positive, shows safety-branded frontier labs can scale commercially, while capital flow cooled from $15.6B/week in August.

Agent-driven video tools like Arsaze, Clueso and ChatCut are emerging while $9.09B of 28-day capital flows overwhelmingly to frontier labs, not video collaboration startups.

Consumer AI drew $12.6B across 28 deals in 28 days, but the companion layer is shifting from chatbots to messaging-native personal agents like folk, Poke and Toyo.

Mind Robotics' $500M Series A from a16z and Accel dwarfs the $72M of new money in the last 28 days, while SONIC and ViBe push whole-body sim-to-real onto $1,000-class GPUs.

Nvidia sits in 50 of 78 deals as $43.1B flows in 28 days, while CoreWeave's ~15% bond yields expose financing strain.

35 deals and $6.6B in 28 days, with Oak HC/FT in 10 of them; $55M Series B rounds backed by TCV show workflow AI maturing.

Capital surged from near zero to ~$840M a week in late September, with Hummingbird-backed Healthleap's $38M round and a16z's $120M General Medicine Series B leading AI care navigation.

GovTech capital is dominated by frontier-lab megarounds ($6.4B in 28 days across 27 deals) while a16z leads with 57 deals and citizen-services startups raise small Series A rounds.

WindBorne's $49M Air Force sole-source contract validates sensor-network data-as-a-service, as the week of Oct 12 logged 8 deals but only $240M.

Defense AI drew $6.4B across 23 deals in 28 days, led by Mach Industries' $300M Series C at a $1.8B valuation, as orchestration software startups proliferate.

Waymo's $5B raise from Sixth Street, Blackstone and PIMCO dominated a $5.0B week, as autonomy turns into a credit-and-infrastructure asset class.

23 deals and $8.6B in 28 days: frontier labs now report AI-driven physics and materials results while Nvidia, Google and Kleiner Perkins back AI science startups.

Rogo's $160M Series D and a BlackRock/Baillie Gifford-backed $200M Series D anchor a theme that drew $2.15B across 17 deals in 28 days.

Harvey claims 80% of the Am Law 100 and 20%+ of the Fortune 500 while Legora, Spellbook and a wave of seed-stage agentic startups crowd in.

Rogo, the "Harvey for finance," acquired six fledgling AI startups and landed Bank of America, as $1.1B moved across 5 deals in 28 days.

A $1.37B Series D at ~$8B valuation led by Baillie Gifford, Valor and 137 Ventures anchors $949M of 28-day capital into advanced manufacturing.

A $43.8M Series D from Decarbonization Partners, BlackRock and Temasek anchors a market where buyers are consolidating, Sustain.Life sold for $100M, and Frontier pre-commits $1B.

Supabase's acquisition of Turso and repeated $150M GIC-backed rounds show vector and agent-data infrastructure consolidating, while agent memory tools like Vectorize's Hindsight 1.0 ship in open source.

With $0 in deals, academic labs drive the field: SARL lifts a VLA from near 0% to 80% success in 60-100 real-world RL episodes.

Novartis' $575M Abogen acquisition and a $1B SoftBank/Hillhouse-backed round anchor a $1.29B month, even as deal velocity cools.

GE Aerospace's $11.75B purchase of Consolidated Precision Products and Hertha Metals' $134M Series A, with a $65M U.S. government check, show strategic and state capital pulling metal manufacturing forward.

Consumer AI companions drew $8.95B across 28 deals in 28 days, but capital is concentrated in a few megashots while the long tail raises seed-sized rounds.

Formal verification stays a seed-stage niche: Tiden's coding-agent verifier drew 125 Product Hunt votes while OpenAI absorbed Trail of Bits and Lean anchors its math proofs.

Longevity's $4.5B 28-day tally is mostly frontier-AI IPO noise; the real signal is Lucis's $20M Series A and consumer healthspan products going mainstream.

A $1.37B Series D at an $8B valuation, backed by Baillie Gifford, Valor and 137 Ventures, headlines a sector where GE paid $11.75B for castings supplier CPP.

Capital is thin, with one $36M Series B from Ascensia reported twice, while Unitree's G1 shows up as the hardware in nearly every locomotion paper.

Nourish's $100M Series C and Tiny Health's $33M Series B lead $1.15B in 28-day preventive-health funding, while Oura's $16B IPO stalls.

Shanghai AI Lab open-sourced InternW0-Δ trained on a 20K-hour corpus, while a $36M Series B led by Ascensia (reported twice on Oct 13) signals capital for coupled humanoid pipelines.

8VC backed two $50M Series A rounds in a week, while GXO's 42 humanoid pilots with zero deployments show AI freight value is in software first.

Neko Health's $700M Series C and a $33M Tiny Health Series B show longevity diagnostics moving from biohacker niche to scaled consumer infrastructure.

ManiSkill3 cuts RLBench training time 18x (7h54m to 27m), while SARL lifts VLA success from ~0% to 80% in 60-100 real episodes.

Anduril's $1.3B employee tender at a $90B valuation headlines a window of $3.16B across 10 deals, as defense-autonomy capital keeps accelerating.

Helsing's $1B Series F at a $6B valuation and Anduril's $1.3B tender at $90B anchor a defense-tech market that is cooling in deal count but still top-heavy.

Castelion's ~$1B Series C at a $13B valuation, backed by a16z, Carlyle and JPMorgan, anchors a hypersonic-led wave of autonomous lethal-platform capital.

Castelion's $1B Series C at a $13B valuation, backed by a16z and Carlyle, anchors a $1.85B 28-day surge in autonomous strike munitions.

Humanoid learning is going hybrid: Shanghai AI Lab open-sourced InternW0-Δ trained on a 20K-hour corpus while a $36M Ascensia-backed Series B and Figure's Helix 2.5 mark the pace.

VLM funding cooled to 2 deals in 28 days, but a $500M Series A for Manus from Boyu Capital and IDG shows capital still pools in China-backed AI.

Hypersonic and autonomous strike has gone from demo to capital magnet: Series C rounds of $600M-$1B each, Ursa Major's $2.3B SPAC deal, and Stratolaunch eyeing a ~$500M IPO.

A $1.2B Series D in mid-October and a $580M growth round at a $6.4B valuation anchor a drone market where capital is concentrating in defense-grade autonomy.

Siemens is the most active investor here, with four deals including a $1B growth round, as capital in the theme jumped to $8.3B in 28 days.

Real-time translation is cooling on capital ($0 across 0 deals in 28 days) while Speechka, Typeling and Tipword ship lightweight products on Product Hunt.

Anduril's $1.3B employee tender at a $90B valuation headlines a sector that raised $3.28B across 16 deals in 28 days, even as velocity cools 42%.

Saronic's $2.6B Series D at a $9.25B valuation, led by Kleiner Perkins, anchors a cooling theme in which late-stage capital concentrates in a few autonomous-strike platforms.

Saronic's $2.6B Series D at a $9.25B valuation dominates the 90-day window, while recent weeks cool to $100M across 2 deals.

Saronic's $2.6B growth round at a $9B valuation anchors a theme where capital is cooling, but Anduril's $90B tender shows scale leaders still pulling in capital.

Owner's $240M Series D at a $2.3B valuation, with revenue nearing $100M+, shows capital concentrating in AI-native restaurant ops while the theme overall cools.