Crunchbase News (1 hour ago)
Dropbox has announced plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark its largest acquisition since its founding in 2007.
Read the full story on Crunchbase News.
The deal is expected to support the development of DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.
Isomorphic Labs, the drug discovery company spun out of Google DeepMind, is in talks to raise about $5bn, Bloomberg reported on Wednesday. The round would put the Isomorphic Labs valuation at about $50bn, according to people familiar with the matter.
Potential Sciences, a startup backed by the UK government, is betting that training AI models on computer-generated biochemical data can speed up the plodding process of developing new drugs.
Discovered Materials, a months-old YC startup that uses AI to find chip materials, is offering $200,000 for each solution to five open materials science problems.
Numica, a New York start-up that buys small accounting firms from owners close to retirement, has raised $21M to buy more of them. The capital, a mix of equity and debt, comes from Roosh X and Flashpoint Capital, the company said.
Companies spanning construction and robotics have raised about $1.6 billion so far this year — more than 4x the $389 million recorded in all of 2025 — according to Crunchbase data. The surge was driven by three companies that raised the majority of the funding.
So far this year, less than 2% of all startup investment has gone to companies in post-election red states, a share that is much smaller than in years’ past due to five states shifting to purple in the most recent election.
More than half of all seed- through growth-stage venture capital raised in the U.S. so far in 2026 went to seven companies founded or led by men who are already billionaires. Together, these companies raised more than $260 billion in equity funding in the first 10 months of the year.
Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting $15.9 billion funding round for China’s DeepSeek.
Record venture funding in 2026 has been increasingly concentrated in massive AI rounds, while seed- and early-stage deal counts are on the decline. Using Crunchbase data we provide a look at how third-quarter funding continued the year’s dollars-up-but-deals-down trend.
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