Startups & IPOs
Startup funding week: Ramp hits $60B, Modal raises $750M
601 rounds and $31.9B raised in 30 days, with AI taking the biggest share.
Fintech Ramp reached a $60 billion valuation, and AI cloud company Modal raised a $750 million Series D at $15.75 billion after its revenue run rate passed $1 billion.
India's Scimplify raised $25 million for specialty chemicals and critical materials, led by Hitachi Ventures.
Across the 30 days to 18 October, startups announced 601 rounds worth $31.9 billion, with 38 AI rounds in the last week alone.
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Sources
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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