🔍 AI, Data Center, and Energy Startups See Record $32B Venture Capital Surge in October

Venture funding hit $32 billion in October, driven by large rounds in AI, data centers, and energy, with OpenAI alone raising $6.6 billion, accounting for 20% of the month’s total.

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🔔 SocialCrowd Secures $2.5M Seed Round Amid Demand for Future of Work Software

Performance management startup SocialCrowd raised $2.5M to expand its engineering and customer success teams as demand for tools supporting frontline and shift workers continues to grow.

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💭 Glint Solar Secures $8M to Accelerate Solar Adoption in Europe

Glint Solar raised $8M in Series A funding to expand its platform, helping solar developers speed up project planning and site assessments across Europe.

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🟢 Fewer Small and Midsize Venture Funds Raise Capital in 2024
In 2024, the number of new small and midsized U.S. startup funds has dropped significantly, with only 118 raising capital, the lowest in years, reflecting a challenging fundraising environment amid a slow exit market and cautious investor sentiment. However, sector-focused funds in areas like cleantech, life sciences, and cybersecurity are still finding success despite the downturn.

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🌐 Startup M&A Deal Activity Slightly Declines in Q3 Amid VC Push for Liquidity

M&A dealmaking for VC-backed startups dipped to 479 deals in Q3, a small decline from 500 in Q2, marking a pause after two quarters of growth, per Crunchbase data. However, this quarter showed an increase from Q3 last year and a slight uptick in AI-focused deals, which rose to 15% of M&A deals globally.

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💵 Faber Launches Third Venture Fund, Secures $34M in First Close for Iberian Startups
Lisbon-based VC firm Faber has raised $34 million in the initial close of its third fund, aiming for a $64 million target to support pre-seed and seed-stage deep tech, AI, and biotech startups in Portugal, Spain, and the Netherlands.

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Amazon Retains Cloud Leadership as Microsoft Gains Ground
Amazon Web Services remains the top cloud provider with a 31% market share, though Microsoft’s Azure is closing in at 20%, driven by soaring demand for AI-focused cloud services amid a $313 billion annualized industry growth.

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👀 Dash0 Raises $9.5M to Address Cost Transparency in Observability
Dash0, a new observability startup founded by Mirko Novakovic, has secured $9.5 million in seed funding led by Accel to improve cost clarity for cloud monitoring by leveraging the OpenTelemetry framework.

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🌐 Fewer Small and Midsize Venture Funds Closing This Year Amid Sluggish Fundraising Environment

In 2024, only 118 U.S. venture funds under $500 million have closed, the lowest in years, as economic headwinds and a slowdown in tech IPOs and exits impact fundraising efforts. Despite fewer funds, some standout funds in sectors like cleantech and cybersecurity have successfully raised capital.

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🔥 Physical Intelligence Raises $400M for Universal Robot Brain Development

Physical Intelligence has secured $400 million at a $2 billion valuation to develop a generalist AI brain for robots, attracting major investors like Jeff Bezos, Lux Capital, and OpenAI as interest in AI-powered robotics continues to grow.

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