Startup investors scaled back on giant rounds this past week, with just two startup financings in the multiple hundreds of millions. The biggest round went to AI infrastructure provider Modal Labs, which picked up $750 million in a Series D round led by Accel at a $15.75 billion valuation. The New York-headquartered company said it recently exceeded an annual revenue run rate of $1 billion.
Austin-based Icon, a developer of robotic construction systems known for its 3D-printed homes, followed with $200 million in Series D funding led by Baillie Gifford and Black Rock. The company says it is on pace for 4x revenue growth in 2026. Other sectors attracting sizable rounds included biotech, insurance and AI.
Boston-based Soufflé Therapeutics, which develops RNA therapies, raised $135 million in Series B funding led by Juvia Group. Menlo Park, California-based Estuary Biotherapeutics launched with $103 million in financing, including a $93 million Series A led by RA Capital Management and $10 million in previously undisclosed seed capital.
Labelbox, which develops technology to train and evaluate AI models, picked up $100 million in Series E funding led by Infinitum Partners. Redwood City, California-based Suki, a provider of health AI tools, announced a $90 million Series E financing. Abby Care closed $82 million in Series C funding, while Stand secured $70 million in Series C funding at a $1 billion valuation. Mueon Corp. completed a $65 million Series A round, and North.cloud raised $60 million in a Series B round led by Peak Span Capital.
The rankings track the largest announced rounds in the Crunchbase database raised by U.S.-based companies for the period of Oct. 10-16, 2026.
Source: Crunchbase News · Summarized by HeadlinesBriefing