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Market Signals

Read the daily brief: every weekday's rounds read and filtered, the ones that are not funding rejected and named, reduced to a few signals with the evidence behind each.

Each day we read which companies venture capital funded, identify the function that money is aimed at, and publish what we found. Every figure below traces to a source you can check yourself.

$147.0B
Capital, 36 days
+51% on the prior period
1322
Funded rounds
334 in the last 7 days
$11M
Median round
Largest $7.5B
16
Accelerator launches
Teams shipping with no round

Rounds announced 2026-09-08 to 2026-10-13. Updated 13 Oct 2026 20:30 UTC and refreshed every 30 minutes. 335 rows in this window were read and rejected as not funding.

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What venture capital funded in the last week, what each company actually does, and the standard that governs the area. Every figure links to the report it came from. One email a day, one click to stop.

Ask it about your own framework

Pick the standard you are held to and the function you own, and see the controls this week's funding actually touches. No account, nothing to install.

Check your exposure

Agents can call the same data over MCP at api.theartofservice.com/mcp: agent_signals_this_week, agent_capital_by_function, agent_controls_touched_by, agent_signal_exposure.

When the money moved

Capital announced per day across the last 30 days. Venture funding is lumpy by nature: a single round can outweigh a fortnight.

09-14Peak day $9.5B10-13

Where the money went

Everything else took 33% of it. Each standard below opens in full on our control graph. No account, no charge.

Everything else$48.1B0 rounds
ISO/IEC 27001, the certificate enterprise buyers ask for.
AI and automation$40.4B214 rounds
ISO/IEC 42001, what an AI function gets audited against.
Data and infrastructure$18.8B93 rounds
ISO/IEC 27001, the certificate enterprise buyers ask for.
Industrial and robotics$15.9B128 rounds
IEC 62443, the security baseline for operational technology.
Health and bio$15.0B181 rounds
HIPAA Security Rule, what protects patient data in every US contract.
Fintech$3.9B77 rounds
PCI DSS 4.0, required before you touch card data.
Energy and climate$2.0B38 rounds
ISO 14064, how an emissions claim becomes verifiable.
Security and identity$1.7B27 rounds
NIST SP 800-63, the assurance levels identity systems are graded on.
Commerce and marketing$1.2B26 rounds
GDPR, governs the customer data you already hold.

What stage it went to

Early rounds are many and small; late rounds are few and large. Both matter, for different reasons.

Pre-Seed$435M69 rounds
Seed$4.5B183 rounds
Series A$13.6B148 rounds
Series B$6.8B111 rounds
Series C$9.8B60 rounds
Series D$17.2B29 rounds
Series E$3.7B18 rounds
Convertible$13.7B5 rounds
Undisclosed$67.8B671 rounds
Debt Financing$5.7B2 rounds
Grant$1.7B3 rounds
Extension$422M4 rounds
Series F$1.4B5 rounds
Growth Round$285M3 rounds
Angel$54M6 rounds
Pre Seed$5M1 round
Bridge$3M3 rounds
Safe$250K1 round

How big the cheques were

Number of rounds in each size band.

206
Under $1M
278
$1M to $5M
331
$5M to $20M
174
$20M to $50M
187
$50M to $200M
146
Over $200M

How small the teams are

Headcount at accelerator launch. This is the part a funding table cannot show you: most of these are one to three people.

1
1
2
2
6
3
2
4
2
5
1
6

The rounds themselves

Largest first. Every company links to the report its figure came from, and to the work we have already done in that field.

TypeSafe AI’s Series A

$7.5B
AI and automationSeries A · 2026-10-10

A16z leads $870m round for US AI startup TypeSafe.

Our playbook Artificial Intelligence Toolkit

Z.ai

$5.0B
AI and automationConvertible · 2026-09-13

Meet Z.ai, the AI assistant powered by GLM-5.3-Flash.

Our playbook Artificial General Intelligence Toolkit

Waymo

$5.0B
OtherDebt Financing · 2026-10-09

Waymo raises $3 billion in first-ever debt deal with Pimco, Blackstone.

Our playbook Operational Excellence Toolkit

Lambda

$4.0B
Other2026-10-07

Train and scale AI on NVIDIA VR200 NVL 72, GB300 NVL 72, B300, B200, H200, H100, and and more GPUs.

Crusoe

$3.9B
Data and infrastructure2026-09-22

Crusoe raises $3.9B to scale up its data center development work.

NSCALE

$3.4B
Data and infrastructureConvertible · 2026-09-25

Nscale full-stack AI cloud platform and services are designed for scale, resilience, and speed.

Our playbook Mastering CSA STAR for Full Stack Web Engineers in Cloud Data Platforms

Neocloud Nscale

$3.4B
OtherConvertible · 2026-09-26

Neocloud Nscale Raises $3.36B in New Funding.

Mistral AI

$3.3B
AI and automationSeries D · 2026-09-11

Mistral AI Raises €3 Billion.

Our playbook Artificial Intelligence Ethics Toolkit

Mistral

$3.3B
AI and automationSeries D · 2026-09-10

Mistral appeared on Conviction's portfolio page.

Our playbook Distributed Artificial Intelligence Toolkit

Phyraxis AI

$3.0B
Health and bio2026-10-09

Phyraxis AI lands early funding as $3B pours into physical AI for drug discovery.

Our playbook Clinical Governance Toolkit

Boring Company

$3.0B
Industrial and roboticsSeries D · 2026-09-14

The Boring Company builds safe, fast-to-dig, low-cost transportation, utility and freight tunnels — solving traffic.

Elon Musk’s Boring Company

$3.0B
OtherSeries D · 2026-09-11

Elon Musk’s Boring Company raises $3B at $23B valuation, led by UAE.

Our playbook Operation Excellence Toolkit

NewsBytes

$2.9B
Other2026-10-01

Indian startups raise $2.9B in Q3 2026 as Bengaluru leads.

Forbion

$2.6B
Health and bio2026-10-06

Forbion is a global venture capital firm dedicated to advancing groundbreaking biotech innovations and other.

Cognition

$2.0B
AI and automation2026-09-28

Cognition operates Devin, the first autonomous software engineer.

Our playbook Artificial Intelligence Applications Toolkit

Vantage Data Centers

$2.0B
Data and infrastructure2026-09-15

Vantage Data Centers provides innovative, scalable wholesale data center campuses to hyperscalers, cloud providers.

Axiom

$2.0B
OtherConvertible · 2026-10-05

Axiom Secures $2 Billion Convertible Preferred Investment At $37.5 Billion Enterprise Value.

Mira Murati

$2.0B
AI and automation2026-10-02

Mira Murati raises $2bn, ships first AI model after turmoil.

Our playbook Artificial Intelligence Marketing Toolkit

Atoms

$1.7B
Industrial and robotics2026-10-12

Atoms builds physical automation for food, mining, and transport — transforming industry and moving the world.

Our playbook Mastering Physical Automation Scouting for Operations Leaders

VEON

$1.5B
Other2026-10-06

VEON raises planned Pakistan investment to $1.5 billion, says finance minister.

Motive

$1.3B
AI and automationGrant · 2026-09-10

Motive is a leading provider of telecom entitlement, device management, and service automation solutions.

Devoted Health

$1.2B
Fintech2026-10-01

Compare Medicare Advantage plans built for your health goals, with rich benefits and top-rated care.

Our playbook Financial Risk Toolkit

Frazier Life Sciences

$1.1B
Other2026-09-12

Frazier Life Sciences Raises $1.1B for Public Fund.

Square Peg

$1.0B
AI and automation2026-10-08

Square Peg raises over $1 billion for new funds amid AI bonanza.

Our playbook Artificial Intelligence Security Toolkit

Jamaica

$1.0B
Other2026-09-19

Jamaica Raises US$1 Billion On International Capital Markets.

Launched with no round announced

Teams of one to three shipping into the same work. No funding to report, which is the point.

MusicArena-1 people · 09-25

The crowdsourced benchmark for AI-generated music and music production

gbrain.io3 people · 09-15

A personal or team assistant that works while you sleep

GBrain3 people · 09-15

A personal or team assistant that works while you sleep

Tokenless3 people · 08-14

We find flaws in RL environments and evals and help you fix them.

Capto2 people · 08-04

Helping startups win gov contracts

Autoresearch, Inc.3 people · 07-29

Autoresearch as a service: we solve your hardest measurable problems

General Context Labs4 people · 07-16

Building Products and Datasets for Frontier Models

NebuSec4 people · 07-02

Autonomous AI defense system for cyber attack

Operon06-27

Agentic data layer for manufacturing & process industries.

Masterpiece3 people · 04-23

Working capital for data companies training frontier AI

InsForge (InstaCloud)6 people · 04-15

The agent-native serverless cloud

PumpGTM5 people · 04-03

Find and engage with desperate buyers across LinkedIn, Email, and X

How we decide what counts

The rules every row is judged against, in order. They are why the total is smaller than a raw feed would give you.

  1. A row counts only if a company is raising investment: a named round, a lead investor, or an SEC Form D. An amount alone is not evidence, because rate decisions and price targets carry numbers too.
  2. Rejected on sight: rate rises, analyst price targets, earnings and forecast raises, bond issuance, buybacks, parked domains, bot walls, and rumoured rounds that have not closed.
  3. A figure that matches a stated valuation is not counted as a raise, judged across every source that covered the company, not just one.
  4. SEC Form D amounts are read as the amount SOLD, not the offering size.
  5. One company is one row. Name variants a publisher adds, like a backer prefix, are collapsed before anything is totalled.

What we deliberately did not chart

A chart drawn from thin data looks more certain than the data is.

  • geography: hq_country is 19% populated and mixes country codes with US state codes, so a map would be a guess drawn confidently.
  • investors: 26 distinct named leads in 30 days, 628 of them one accelerator.

The daily briefs

One published each day, with the funding table that produced it.