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The Daily Deal

Saturday 7 November 2026

French startup Pelagon comes out of stealth to guard ports and subsea cables from underwater drones

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China's tech hubs are raising money again. VC raised from January to September 2026 against the same months of 2025, for the 20 metros that raised the most.

Companies in Shenzhen, Beijing and Shanghai raised $32B of venture capital from January to September 2026, up from $9B in the same months of 2025. Two AI model makers, Moonshot AI in Beijing and StepFun in Shanghai, raised $9.4B of it. In Shenzhen the money went to robotics: 21 Shenzhen companies raised $100M or more, against four a year earlier.

Just raised

All funding news
  • SyncteraPalo Alto$24.5M Early VC

    Banking and payments platform for FinTech and embedded finance. Backed by 1st & Main Growth Partners and Diagram.

  • Rongu BioHangzhou$13.8M Series A

    Oncolytic virus and CAR-NK cell immunotherapies. Backed by Changjin Holdings and Chengdu Yichuang Equity Investment Fund.

  • PhysiclParis$10M Seed

    Data infrastructure for Physical AI and robotics. Backed by Inovia Capital.

By country

  • US$4.3B
  • China$4.2B
  • Canada$541M
  • UK$363M
  • Spain$315M
  • Israel$278M

By sector

  • Media$4.6B
  • Transportation$1.6B
  • Enterprise$1.1B
  • Health$782M
  • Semiconductors$641M
  • Space$620M

$11B across 222 rounds reported in the last 7 days, by headquarters and by sector.

Just acquired

All deal news
  • LaqeeniRiyadh

    Online directory for vetted local trade professionals.

    CJChristopher Joseph

  • xAHM.ioBratislava

    Controlled aircraft weight and balance data management.

    MKMartin Križka founded it after working at Swiss RE and sli.do.

  • Autonomous IT operations, finally run from one chat.

    RBRobin Baeteman founded it after working at Awaere and Bizzy.

Talent moves

All talent moves
  • DW

    Dave Wehner joined Fireworks AI from Meta

    Chief Financial Officer

  • NF

    Naim Falandino joined Allocate from Insurance Quantified / Groundspeed

    Chief Technology Officer

  • AC

    Adriana Coll De Peña joined Lilac Biosciences from Moderna

    Chief Executive Officer

AI and tech

Upcoming events

All events
  • Web SummitLisbon9–12 Nov

    Europe's largest tech conference — 70,000+ attendees across four days in Lisbon.

  • Bengaluru Tech SummitBengaluru17–19 Nov

    The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.

  • Singapore FinTech FestivalSingapore18–20 Nov

    The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.

  • SlushHelsinki18–19 Nov

    The world's most founder-focused startup event — 13,000 attendees in the Helsinki winter dark.

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