Eight funding disclosures from Oct. 17–23 totaled $1.7626 billion, with two rounds—Tenstorrent’s $1.5 billion Series E and Whop’s $200 million Series D—accounting for 96.4% of the amount.
The largest deal was Tenstorrent’s $1.5 billion Series E, which valued the AI computing company at $6.2 billion and was led by Trace Capital and Innovation X. Tenstorrent said it will use the financing to deploy Galaxy servers and to advance its AI and CPU designs. The other headline round was Whop’s $200 million Series D, led by Sequoia and Shopify Ventures, which raised the online business platform to a $5.1 billion valuation; Whop said the funds will support international expansion and research and development in payments and advertising.
Funding concentration: Tenstorrent and Whop dominate the week
Together, the two largest rounds totaled $1.7 billion and represented 96.4% of the week’s disclosed funding, leaving the remaining six deals to add $62.6 million to the overall tally.
Other financings and disclosures
The six other financings reported were:
– Robinhood Ventures Fund I’s $30 million purchase of preferred stock in Erebor Bank, National Association; that investment closed Sept. 17, the disclosure noted.
– Mural’s $15 million Series A; Mural said the round brought its cumulative funding to $28 million.
– Dataline’s $10.6 million seed round, which Dataline co-founder Nuo Shi said was co-led by Lattice and Dispersion Capital and closed in April.
– Nectar Group, Inc.’s $5 million seed financing.
– A $1 million strategic round for Hylo led by Solana Ventures, with participation from Colosseum.
– A $1 million round for X Pay raised from nine investors for its x402 payment infrastructure.
The disclosures cover a range of businesses including AI computing, online commerce, banking and payment infrastructure. The tally reflects announcement and disclosure dates, not solely deals that closed during the week; some underlying transactions had closed earlier.
