Private Equity 24 Hours

Last updated: August 22, 2026, 11:33 AM ET

Venture Capital Rounds

AI accounting startup Rillet achieved unicorn status within 48 hours, securing $100 million in funding from investors including Iconiq and Sequoia. The company's rapid growth and impressive metrics apparently triggered the swift investment.

Secondaries Market

Competition among buyers in the private equity secondaries market is intensifying, leading to stronger pricing for assets. New entrants are reportedly aiming to bypass traditional auction processes to gain an edge, as noted by Lazard's PERSON_NAME.

Top Startup Funding

Defense technology startup Castelion led the week's largest funding rounds, raising significant capital for its hypersonic missile development. Other substantial investments were directed towards companies focused on AI inference technology and video creation tools, according to Crunchbase News.