AI Funding This Week: $50B across 22 rounds (Oct 19 to Oct 25)

Last week 22 AI venture rounds disclosed $50 billion between October 19 and October 25. Two Growth rounds, OpenAI's reported $30 billion and DeepSeek's $15 billion, make up $45 billion of that total. If you are raising, selling, or growing, don't let those headline numbers set your expectations. Benchmark your round, your exit, and your plan against deals at your own stage and in your own sector.

• OpenAI raised $30B (Growth round (reported, not closed)), led by Coatue, valued at $1.25T. Frontier AI models, San Francisco, US.
• DeepSeek raised $15B (Growth), led by CATL and Tencent. Chinese LLM developer, Hangzhou, China.
• Tenstorrent raised $1.5B (Series E), led by Trace Capital, valued at $6.2B. AI chips, Toronto, Canada.
• Flapping Airplanes raised $1B (Series A), led by Lux Capital and Index Ventures, valued at $6B. AI research models, San Francisco, US.
• Legora raised $550M (Series E), led by Atreides Management, valued at $8.8B. Legal AI, Stockholm, Sweden.
• ASI raised $325M (Series C), led by Spark Capital, valued at $3B. AI simulation and monitoring, Boston, US.
• Otter.ai raised $320M (Growth financing (non-dilutive)), led by General Catalyst. AI meeting assistant and voice AI, Metropolitan City of Reggio Calabria, Calabria, Italy.
• Pigment raised $250M (Series round), led by EQT, valued at $2.3B. AI planning and forecasting software, Paris, France.
• Arda raised $230M (Venture round), led by Altimeter Capital and Accel, valued at $1.5B. AI manufacturing, Auckland, Auckland, New Zealand.
• Tractian raised $130M (Series D), led by Sapphire Ventures and M&G Catalyst, valued at $1.4B. Physical AI for industrial operations, Atlanta, US.
• Town raised $108M (Series B), led by Menlo Ventures and Forerunner, valued at $1B. AI assistants, San Francisco, US.
• Dream Labs raised $90M (Seed), led by B Capital and Kindred Ventures. Robotics foundation models, San Francisco, US.

• Growth: 6
• Series A: 4
• Series B: 3
• Seed: 3
• Series E: 2
• Series C: 2
• Series D: 1
• Pre-seed: 1

• General Catalyst: 3 rounds, 1 led
• Forerunner: 2 rounds, 2 led
• Menlo Ventures: 2 rounds, 1 led
• Sequoia Capital: 2 rounds, 1 led
• Atreides Management: 2 rounds, 1 led
• Accel: 2 rounds, 1 led

Every round, with investors and valuations: lounge.ai/deals

• Ryan Allis at The Lounge Desk