Crunchbase News (2 hours ago)
Startup investors aren’t exactly hitting pause, but they did scale back on giant rounds this past week, with just two startup financings in the multiple hundreds of millions.
Read the full story on Crunchbase News.
RapidCanvas, which pairs an AI agent platform with its own engineers to build business apps for companies, raised a $29M Series B led by Vertex Ventures SEA & India, with Hitachi Ventures joining. It will hire in the US, Brazil, and India. Total funding now stands at $52.5M.
Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan.
Chinese startup Langdao Silex showcased its laser-produced plasma EUV source at a trade show, but the technology will likely take many years before it gets to decent EUV power levels. Even if it does, China will need many more advancements to build a practical EUV lithography tool.
“Today, Ramp raised $1.85B at a $60B valuation,” Eric Oancea, who leads Ramp in Europe, wrote on LinkedIn. His post confirms the round that Bloomberg reported on 10 October.
Elon Musk has assembled a presidential-level field operation this midterm cycle, underscoring the extent to which he has taken over the get-out-the-vote effort for the Republican party.
Overall, investors put $38.5 billion into reported seed- through growth-stage financings for Asian startups in Q3, per Crunchbase data. Of that, a majority went to AI-focused companies, echoing the trends we’ve seen globally.
As AI enables smaller, faster teams, companies should hire curious, adaptable people who challenge established practices and can be trusted to make independent decisions, according to guest author Eric Francia, who writes that giving employees real responsibility, encouraging questions and…
For the third quarter of 2026, global cybersecurity- and privacy-focused startups pulled in a total of $6.8 billion, per Crunchbase data. That’s up about 50% from the prior quarter and tied for the highest quarterly tally in years.
New York-based Chariot Claims has raised $10 million in Series A funding led by Silverton Partners to help consumers pursue claims over alleged privacy violations, hidden fees and subscriptions that are difficult to cancel.
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