Stoke Space raises $1B to challenge SpaceX on reusable rockets
Stoke Space closed the initial part of a $1 billion Series E round to fund its push toward orbit and a larger next-generation reusable rocket.
Monday, October 12, 2026
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Stoke Space closed the initial part of a $1 billion Series E round to fund its push toward orbit and a larger next-generation reusable rocket.
Eric Wu, who built and ran Opendoor, has launched NavigateAI, an AI-copilot startup for construction workers, with $25 million in seed funding at a $225 million valuation.
A Financial Times report says Travis Kalanick's Atoms is preparing for a hiring spree and acquisitions that could make it a major player in autonomous vehicles, months after the startup raised a $1.7 billion round.
XDOF, a startup that collects real-world teleoperation data for training robots, is reportedly in late-stage talks for a Series B round at a valuation of about $1.2 billion, led by 8VC.
Krafton, the South Korean gaming company behind PUBG and BGMI, plans to invest another $250 million in India over the next three to four years to expand beyond gaming into AI, robotics, and deep tech.
Thinking Machines is reportedly in talks to raise $1 billion at a valuation of at least $40 billion, with existing backer Accel in talks to lead the round.
Nvidia confirmed it has acquired Hugging Face, the AI model-hosting platform, for $12.93 billion.
Palo Alto Networks paid $500 million in cash and stock for AI agent startup Console, according to two people with knowledge of the deal, though the companies haven't confirmed terms.
Delivery Hero's board recommended shareholders accept Uber's $15 billion takeover offer, a deal that would create one of the world's largest food-delivery platforms.
Wonderful raised $550 million at a $5 billion valuation, more than doubling the $2 billion price tag it got nearly six months ago.
HiddenLayer raised a $100 million Series B as Gartner estimates AI-security spending will hit $2.83 billion this year, up 83% from 2025.
Adobe has acquired India-based marketing-intelligence startup Rilo in a deal involving licensing and a team acquisition, its second acquisition from India after 2023's Rephrase.ai.
AI training-data startup AfterQuery has reportedly raised a round valuing it at $3.2 billion, up from a $300 million valuation just five months earlier.
Empirik, an infrastructure-observability startup incubated inside Sequoia Capital, is spinning out as an independent company after raising $21 million in seed funding.
AI security startup AIR raised $50 million across two seed rounds to help companies discover and vet the skills, plug-ins, and MCP servers AI agents use.
Unacademy sold to rival upGrad in an all-stock deal valuing it at about $206 million, roughly 94% below its $3.44 billion peak valuation in 2021.
Magna International is investing another $35 million in Yuma Energy, the Indian battery-swapping network that has completed more than 60 million swaps for electric two- and three-wheelers.
Polymarket reportedly raised $300 million from 1789 Capital, a fund tied to Donald Trump Jr., as part of a new round totaling around $1 billion, per the WSJ.
Andreessen Horowitz grew its fifth growth fund to $8.5 billion, adding $1.75 billion just days after raising $1.1 billion for a new AI hardware fund.
Blue Voice, an AI startup giving police real-time policy guidance, is emerging from stealth with $6 million in funding.