Flapping Airplanes announced a $1 billion Series A on October 21, co-led by Index Ventures and Lux Capital, at what Bloomberg reported was a $6 billion valuation. According to Bloomberg and press reports, that is about four times its January seed valuation. Nvidia is among its investors.
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According to reports, Hex has raised $100 million in a Series D at a $1.2 billion valuation while unveiling Hex 4.0. The funding gives the data platform resources to expand teams and push AI-agent workflows to more than 2,500 customers.
Upwind secured $400 million in Series C funding at a $3.8 billion valuation after revenue quadrupled in 2026. The capital will accelerate product work and go-to-market growth for its cloud and AI security platform.
Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Reuters reported that Kalshi wrapped a $1 billion Series G round at a $40 billion valuation while non-sports markets surpassed $1 billion in annualized revenue. The milestones coincide with new NBA and S&P Dow Jones Indices ties even as Utah and the CFTC pursue separate actions over sports contracts.
FuriosaAI said it closed a $620 million (KRW 820 billion) Series D at a $2.9 billion post-money valuation, according to its blog. Bloomberg reports Korea's National Growth Fund put in about $280 million (KRW 370 billion) and international investors $110 million, with Infinitum the largest overseas backer per Korean press. The company says its RNGD accelerator is in mass production and it will produce 20,000 cards this year.
