Flapping Airplanes announced a $1 billion Series A on October 21, co-led by Index Ventures and Lux Capital, at what Bloomberg reported was a $6 billion valuation. According to Bloomberg and press reports, that is about four times its January seed valuation. Nvidia is among its investors.
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Tractian announced a $130 million Series D led by Sapphire Ventures and co-led by M&G's Catalyst, valuing the Physical AI company at $1.4 billion. The funding will scale its sensor-based platform for monitoring the health of industrial machinery across manufacturing, data centers, utilities and defense.
Blackwall has raised a $100 million Series C at a $2.2 billion valuation, TechCrunch reported. The round supports expansion of its channel-based web traffic security platform for hosting providers.
Legal AI startup Legora has announced a $550 million Series E at an $8.8 billion valuation led by Atreides Management. The funding will support North American growth, expansion into Europe and Asia-Pacific, and investment in agentic capabilities.
The US Treasury published a proposed rule on October 22, 2026 to implement the COINS Act, widening limits on US investment in sensitive tech in countries of concern. Separately, DHS ordered DeepSeek products excluded and removed from federal civilian agency systems. The Treasury rule is not final; comments are due December 7.
The UK government will put £100m into a new AI Biosecurity Lab, which the Cabinet Office calls the world's first dedicated AI biosecurity organisation. OpenAI and Anthropic will add up to £200m in model credits, access and technical support rather than cash. The independent non-profit will initially focus on spotting biological threats early and speeding up vaccines and treatments, as part of a roughly £600m AI package, most of it on security, set out before Wednesday's Budget.
