# Startup funding in October 2026: DeepSeek's $15B Series B leads 733 rounds > We read 733 equity rounds announced in October 2026, raising $59B between them. The largest was DeepSeek's $15B Series B. Source: https://millionrounds.com/news/monthly/2026-10 (Millionrounds; every figure on the page links to its filing or article) Equity rounds **733** announced in October, 633 with an amount Raised **$59B** across those rounds Lead named **77%** of rounds say who led Countries **61** where the month's rounds were raised ## The biggest rounds - [1 **DeepSeek** Series B · China **$15B**](https://millionrounds.com/company/deepseek) - [2 **Cohere** Series E · Canada · led by Schwarz Group **$5.0B**](https://millionrounds.com/company/cohere) - [3 **Lambda** Growth · United States · led by Coatue, Clarus Ventures **$4.0B**](https://millionrounds.com/company/lambda) - [4 **Re:Build** Growth · United States · led by General Catalyst, JP Morgan Chase **$2.1B**](https://millionrounds.com/company/re-build) - [5 **Ramp** Growth · United States · led by Thrive Capital, Dragoneer Investment **$1.9B**](https://millionrounds.com/company/ramp) - [6 **Tenstorrent** Series E · United States · led by InnovationX, Trace Capital **$1.5B**](https://millionrounds.com/company/tenstorrent) - [7 **Flapping Airplanes** Series A · United States · led by Index Ventures, Lux Capital **$1.0B**](https://millionrounds.com/company/flapping-airplanes) - [8 **Kalshi** Series G · United States · led by Sequoia Capital, Wellington Management **$1.0B**](https://millionrounds.com/company/kalshi) - [9 S **SWI Group** Growth · Singapore **$894M**](https://millionrounds.com/company/swi-group) - [10 **TypeSafe AI** Series A · United States · led by Andreessen Horowitz **$870M**](https://millionrounds.com/company/typesafe-ai) - [11 M **Modal Labs Inc.** Series D · United States · led by Accel **$750M**](https://millionrounds.com/company/modal-labs-inc) - [12 **Fractile** Series C · United Kingdom · led by Lightspeed Venture Partners, Redpoint **$700M**](https://millionrounds.com/company/fractile) - [13 **FuriosaAI** Series D · South Korea · led by National Growth Fund, National Growth Fund of Korea **$620M**](https://millionrounds.com/company/furiosaai) - [14 **ID Finance** Growth · Spain **$610M**](https://millionrounds.com/company/id-finance) - [15 **Bedrock Robotics** Series C · United States · led by Emergence Capital, CapitalG **$600M**](https://millionrounds.com/company/bedrock-robotics) ## Day by day Equity rounds announced each day of October. Most are announced on weekdays; the busiest day was 20 October, with 52. 1 October 31 October [Weekly roundup **Week of 5 October** *→*](https://millionrounds.com/news/weekly/2026-10-05)[Weekly roundup **Week of 12 October** *→*](https://millionrounds.com/news/weekly/2026-10-12)[Weekly roundup **Week of 19 October** *→*](https://millionrounds.com/news/weekly/2026-10-19)[Weekly roundup **Week of 26 October** *→*](https://millionrounds.com/news/weekly/2026-10-26) ## By stage, against the year Each stage's median this month beside its median over the last twelve months. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *131* **$2.0M** this month **$2.0M** 12-month median [Seed](https://millionrounds.com/benchmarks/seed) *235* **$5.0M** this month **$5.5M** 12-month median [Series A](https://millionrounds.com/benchmarks/series-a) *172* **$15M** this month **$20M** 12-month median [Series B](https://millionrounds.com/benchmarks/series-b) *66* **$42M** this month **$50M** 12-month median [Series C](https://millionrounds.com/benchmarks/series-c) *34* **$82M** this month **$100M** 12-month median [Series D](https://millionrounds.com/benchmarks/series-d) *23* **$150M** this month **$150M** 12-month median [Growth](https://millionrounds.com/benchmarks/growth) *55* **$40M** this month **$113M** 12-month median ## The most active leads Firms that led three or more of the month's rounds. - [**General Catalyst** Casap, Collective, Different and 5 more *8 led*](https://millionrounds.com/fund/general-catalyst) - [**Lightspeed Venture Partners** Arena, Dalet Labs, Fractile and 4 more *7 led*](https://millionrounds.com/fund/lightspeed-venture-partners) - [**Sequoia Capital** Blacksmith, Catalyst, Healthleap and 3 more *6 led*](https://millionrounds.com/fund/sequoia-capital) - [**Andreessen Horowitz** Armadin, Dream Technologies Inc., Eka Robotics Inc. and 3 more *6 led*](https://millionrounds.com/fund/andreessen-horowitz) - [**Accel** Arda Industries Inc., Armadin, Cosmochute and 3 more *6 led*](https://millionrounds.com/fund/accel) - [**Khosla Ventures** Arda Industries Inc., Arena, Broccoli AI and 3 more *6 led*](https://millionrounds.com/fund/khosla-ventures) - [**Blume Ventures** Cent, Hunar.AI, Lumio and 2 more *5 led*](https://millionrounds.com/fund/blume-ventures) - [**Forerunner Ventures** Alta, Marklo, SuperMe and 1 more *4 led*](https://millionrounds.com/fund/forerunner-ventures) ## Country roundups The month in the eight countries with the most equity rounds, each written up on its own. [281 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-10/united-states)[74 rounds **India** *→*](https://millionrounds.com/news/monthly/2026-10/india)[56 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-10/united-kingdom)[31 rounds **China** *→*](https://millionrounds.com/news/monthly/2026-10/china)[25 rounds **Japan** *→*](https://millionrounds.com/news/monthly/2026-10/japan)[24 rounds **South Korea** *→*](https://millionrounds.com/news/monthly/2026-10/south-korea)[18 rounds **Canada** *→*](https://millionrounds.com/news/monthly/2026-10/canada)[17 rounds **France** *→*](https://millionrounds.com/news/monthly/2026-10/france) ## Sector roundups The month in every sector with 10 or more equity rounds, each written up on its own. A company can sit in more than one sector. [411 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-10/sector/ai)[100 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/fintech)[72 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-10/sector/healthcare)[67 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-10/sector/software)[67 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-10/sector/robotics)[56 rounds **Manufacturing** *→*](https://millionrounds.com/news/monthly/2026-10/sector/manufacturing)[44 rounds **SaaS** *→*](https://millionrounds.com/news/monthly/2026-10/sector/saas)[44 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-10/sector/construction)[42 rounds **Hardware & Electronics** *→*](https://millionrounds.com/news/monthly/2026-10/sector/hardware)[41 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/biotech)[34 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-10/sector/big-data)[33 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-10/sector/energy)[33 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-10/sector/logistics)[32 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-10/sector/enterprise-software)[29 rounds **Aerospace & Space** *→*](https://millionrounds.com/news/monthly/2026-10/sector/aerospace)[29 rounds **Healthtech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/healthtech)[28 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-10/sector/cybersecurity)[26 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/defensetech)[25 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-10/sector/cloud)[24 rounds **Entertainment** *→*](https://millionrounds.com/news/monthly/2026-10/sector/entertainment)[23 rounds **B2C** *→*](https://millionrounds.com/news/monthly/2026-10/sector/b2c)[23 rounds **Financial Services** *→*](https://millionrounds.com/news/monthly/2026-10/sector/financial-services)[22 rounds **Medical Devices** *→*](https://millionrounds.com/news/monthly/2026-10/sector/medical-device)[20 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/cleantech)[19 rounds **E-commerce** *→*](https://millionrounds.com/news/monthly/2026-10/sector/ecommerce)[19 rounds **Food & Beverage** *→*](https://millionrounds.com/news/monthly/2026-10/sector/food-beverage)[18 rounds **Real Estate** *→*](https://millionrounds.com/news/monthly/2026-10/sector/real-estate)[18 rounds **Deeptech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/deeptech)[18 rounds **Semiconductors** *→*](https://millionrounds.com/news/monthly/2026-10/sector/semiconductors)[17 rounds **Agtech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/agtech)[16 rounds **Developer Tools** *→*](https://millionrounds.com/news/monthly/2026-10/sector/developer-tools)[15 rounds **Web3 & Crypto** *→*](https://millionrounds.com/news/monthly/2026-10/sector/web3)[15 rounds **Retail** *→*](https://millionrounds.com/news/monthly/2026-10/sector/retail)[15 rounds **Martech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/martech)[14 rounds **Supply Chain** *→*](https://millionrounds.com/news/monthly/2026-10/sector/supply-chain)[14 rounds **Insurtech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/insurtech)[14 rounds **Telecoms** *→*](https://millionrounds.com/news/monthly/2026-10/sector/telecom)[14 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/climate)[13 rounds **Regtech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/regtech)[13 rounds **Automotive & EVs** *→*](https://millionrounds.com/news/monthly/2026-10/sector/automotive)[13 rounds **Chemicals & Materials** *→*](https://millionrounds.com/news/monthly/2026-10/sector/chemicals)[12 rounds **Future of Work** *→*](https://millionrounds.com/news/monthly/2026-10/sector/future-of-work)[12 rounds **B2B** *→*](https://millionrounds.com/news/monthly/2026-10/sector/b2b)[12 rounds **Media** *→*](https://millionrounds.com/news/monthly/2026-10/sector/media)[12 rounds **Gaming** *→*](https://millionrounds.com/news/monthly/2026-10/sector/gaming)[11 rounds **Professional Services** *→*](https://millionrounds.com/news/monthly/2026-10/sector/consulting)[11 rounds **Marketplaces** *→*](https://millionrounds.com/news/monthly/2026-10/sector/marketplace)[11 rounds **HR Tech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/hrtech)[11 rounds **Education** *→*](https://millionrounds.com/news/monthly/2026-10/sector/education)[11 rounds **Salestech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/salestech)[10 rounds **Proptech** *→*](https://millionrounds.com/news/monthly/2026-10/sector/proptech)[10 rounds **Pharma** *→*](https://millionrounds.com/news/monthly/2026-10/sector/pharma)[10 rounds **Fashion** *→*](https://millionrounds.com/news/monthly/2026-10/sector/fashion)[10 rounds **Travel & Hospitality** *→*](https://millionrounds.com/news/monthly/2026-10/sector/traveltech) ## Where - [United States](https://millionrounds.com/news/monthly/2026-10/united-states) **281** - [India](https://millionrounds.com/news/monthly/2026-10/india) **74** - [United Kingdom](https://millionrounds.com/news/monthly/2026-10/united-kingdom) **56** - [China](https://millionrounds.com/news/monthly/2026-10/china) **31** - [Japan](https://millionrounds.com/news/monthly/2026-10/japan) **25** - [South Korea](https://millionrounds.com/news/monthly/2026-10/south-korea) **24** - [Canada](https://millionrounds.com/news/monthly/2026-10/canada) **18** - [France](https://millionrounds.com/news/monthly/2026-10/france) **17** United States had the most rounds this month. ## In what - [AI](https://millionrounds.com/news/monthly/2026-10/sector/ai) **411** - [Fintech](https://millionrounds.com/news/monthly/2026-10/sector/fintech) **100** - [Healthcare](https://millionrounds.com/news/monthly/2026-10/sector/healthcare) **72** - [Robotics](https://millionrounds.com/news/monthly/2026-10/sector/robotics) **67** - [Software](https://millionrounds.com/news/monthly/2026-10/sector/software) **67** - [Manufacturing](https://millionrounds.com/news/monthly/2026-10/sector/manufacturing) **56** - [Construction](https://millionrounds.com/news/monthly/2026-10/sector/construction) **44** - [SaaS](https://millionrounds.com/news/monthly/2026-10/sector/saas) **44** AI was the busiest sector. **How this roundup is made** It is written from the rounds we read that month in named articles and filings. Only equity rounds with a stage count towards the figures; debt, grants and public companies' raises do not. We read more sources every month, so the number of rounds says more about our coverage than about the market: compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)