Crunchbase News (2 hours ago)
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.
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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.
Marvell has agreed to acquire Lumentum for $115 billion, combining its optical DSPs, SerDes, silicon photonics, and networking silicon with Lumentum’s lasers, transceivers, optical switches, and InP manufacturing footprint.
Mindmax, a London start-up founded by the team behind the language app Memrise, has raised $3.3m (£2.5m) in pre-seed funding to build an AI tutor. The company announced the round today, and its first product is designed to help people pass professional exams and learn new skills for work.
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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