The Daily Deal
Thursday 29 October 2026
For the first time, Google Search is less than half of Alphabet's revenue
- Chart of the day Thiel Fellows' companies reach $100M revenue two and a half times as often as YC's.
- Just raised Furiosa AI $620M, Upwind $400M, Micronano Core $300M.
- Just founded Movere, Hood, NUXA Diagnostics.
- In the news For the first time, Google Search is less than half of Alphabet's revenue, and two more stories.
Chart of the day
Open the chart
Before 2020 the two were level. The gap is in newer companies: 7 of the 132 Thiel companies founded since 2020 have passed $100M, including Anthropic, Cognition and Mercor, against 8 of YC's 3,159.
Just raised
All funding news-
Furiosa AISeoul$620M Series DPower-efficient AI chips for data center inference, optimizing performance per watt for advanced AI models.
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UpwindSan Francisco$400M Late VCRuntime-first cloud and AI workload security platform (CNAPP)
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Micronano CoreHangzhou$300M Researcher and developer of a IoT series chip products for intelligent IoT and advanced technology applications.
By country
- US$102B
- China$18B
- South Korea$2.8B
- India$1.5B
- UK$1.4B
- France$831M
By sector
- Enterprise$102B
- Health$7.4B
- Fintech$5.7B
- Hosting$4.4B
- Semiconductors$4.1B
- Energy$3.9B
$132B across 1,358 rounds in October so far, by headquarters and by sector.
Just founded
View all from this week-
MovereLondon
AI-native payment orchestration for global business growth.
LPWA
PMLukas Pukaj, Walé Abidakun & Praful Morar founded it. Pukaj worked at Nuvei and Wonga. Abidakun worked at PayPal. -
Faith-driven nonprofit for community needs and resources.
IYIREM YILDIRIM founded it after working at Pikolinos. -
NUXA DiagnosticsWageningen
On-site molecular diagnostics for any disease.
PBPatrick Barendse founded it after working at Caribou Biosciences.
In the news
View all news stories- For the first time, Google Search is less than half of Alphabet's revenue
Search & other brought in $63.4B of Alphabet's $127.6B Q3 2026 revenue, or 49.7%, down from 55.3% a year earlier as Google Cloud doubled to $30.7B. Source: Alphabet Q3 2026 results, via @Couch_Investor.
- US holds 72% of global AI compute; EU trails at 5%
The US has received 72% of the world's AI compute delivered since 2022, versus 5% for the EU and 10% for China, according to a new estimate from research group Epoch AI.
- Lightspeed tops $750M target for AI buyout fund
Lightspeed Venture Partners has raised more than $750 million for its AI Renaissance Fund and a related co-investment vehicle, surpassing its initial target, according to a Wall Street Journal report.
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