Ten AI companies announced funding rounds between 14 and 27 October 2026 that add up to about $2.9 billion, by our count of the companies' and investors' own announcements. Three acquisitions of AI businesses followed between 29 October and 2 November.
The rounds
| Company | Round | Amount | Valuation | What it does |
|---|---|---|---|---|
| Modal | Series D | $750M | $15.75B | Cloud for running AI on GPUs without servers |
| Bedrock Robotics | Series C | $600M | Not stated | Self-driving construction machines |
| Legora | Series E | $550M | $8.8B | AI software for lawyers |
| ASI | Series C | $325M | $3B | AI simulation of air traffic, grids, logistics |
| Pigment | Series E | $250M | $2.3B | AI business planning for finance teams |
| Pathos AI | Series E | $237M | Not stated | AI for drug trials and cancer drugs |
| Tractian | Series D | $130M | $1.4B | Sensors and AI for factory machines |
| Greptile | Series B | $50M | $750M | AI code review |
| AuxoAI | Series A | $20.7M | Not stated | AI engineering teams for large companies |
| Simplismart (India) | Series B | $14M | Not stated | Software to run AI models efficiently |
Numbers that stood out
- Modal said it passed $1 billion in annualized run rate, and its Sandboxes product alone is a $300 million run-rate business.
- Legora passed $200 million in annual recurring revenue; the second $100 million took less than six months.
- Bedrock Robotics has been doing fully autonomous paid work on live construction sites since August 2026, according to investor CapitalG.
- ASI pointed to an $875 million program of record with the US Department of Transportation and FAA, and a $99 million US Army contract.
- Pigment passed $100 million in annual recurring revenue earlier this year.
- Tractian has more than 2,000 customers worldwide and 700+ employees.
- Greptile says it reviews more than 1% of all pull requests opened on GitHub each day, for customers including Nvidia, Coinbase and Vanta.
- Simplismart, based in India, said its annualized revenue run rate grew 14 times in six months; NVIDIA, Accel, Shastra VC and Micromax joined lead investor Dallas Venture Capital.
The acquisitions
- Salesforce → Rune Technologies (29 October): logistics software for military teams that works with little connectivity.
- Salesforce → Cresta (2 November): AI voice agents for customer service, used by Marriott, Comcast and Alaska Airlines. Read the story.
- onsemi → Ferric (2 November): $600 million in cash at closing for power components that sit next to AI processors. Read the story.
Where the money is going
Most of the capital went to infrastructure and work software rather than consumer apps: running AI models (Modal, Simplismart), checking code (Greptile), legal and finance work (Legora, Pigment), and AI in the physical world (Bedrock Robotics, Tractian, ASI). Four of the ten companies disclosed valuations above $1 billion.
Amounts are as stated by each company or investor. Every deal, with a link to its announcement, is in the AI Money tracker.
Announced by the companies and investors (each deal is linked in the AI Money tracker): read the announcement
