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• DeepSeek, a Chinese foundation AI model maker, is in talks to raise at least $12b from backers like CATL and Tencent, per Bloomberg. Go deeper

⚡Type One Energy, a Knoxville, Tenn.-based fusion developer, raised $200m co-led by Breakthrough Energy Ventures and Clutterbuck Capital, with participation from Lowercarbon Capital, Siemens Energy Ventures, and SiteGround Capital. Go deeper

🚑 KymaThera, a San Diego-based precision medicine biotech focused on cancers and vascular malformations, raised $80m in Series B funding. Alta Partners led, joined by Venrock, Foresite Capital, and J. Wood Capital. Go deeper

• Furientis, an El Segundo, Calif.-based maker of missile interceptors, raised a $25m seed led by Benchmark. Go deeper

• Avarra, a San Mateo, Calif.-based sales automation platform, raised $17m in Series A funding. Duration Ventures led, joined by Lightspeed Venture Partners, Draper Associates, GTMfund, Alumni Ventures, and Zoom. Go deeper

• Aventra Defense Systems, a Herndon, Va.-based long-range precision strike company, raised $17.5m in equity and debt. Konvoy led, joined by Lavrock Ventures, Booz Allen Ventures, Sands Capital, and Langford Industries, and Western Alliance Bank. Go deeper

• Siena, an NYC-based customer experience platform, raised $17m in Series A funding. York IE led, joined by Joyance Ventures, Aglaé Ventures, and Sierra Ventures. Go deeper

• Ampersand, an SF-based enterprise agentic integration company, raised $15m in Series A funding. Bessemer Venture Partners led, joined by Matrix and Flex Capital. New investors included Yelp, Tenacity Capital, CTO Fund, and Mana Ventures. Go deeper

• Edonia, a French alt protein startup, raised €15m from SWEN Blue Ocean 2, Asterion Ventures, and EIT Food. Go deeper

• Authors First, which turns books into screen adaptations using AI, raised over $10m in seed funding. Brand Foundry and founder Robert Hamwee led, joined by Bolt Ventures (David Blitzer's family office). Go deeper

• PubX, a maker of agent-to-agent infrastructure for advertising, raised $5m in Series A funding led by Chicago Ventures. It also acquired Compliant, a media quality and governance company. Go deeper

🚑 Altaris completed its $375m take-private acquisition of drug development firm Simulations Plus, which it then merged with existing portfolio company Chemical Computing Group. Go deeper

• AT&T, GIP and CPP Investments have created a wholesale fiber JV. Go deeper

• Beach Point Capital Management invested in Fullers Foods, a U.K. food procurement company, with Quilvest Capital Partners partially exiting. Go deeper

• Fumex Air Filtration Systems, backed by Vance Street Capital, acquired Filtrabox, a Montreal air filtration products maker. Go deeper

• Kohlberg acquired a majority stake in Advanced Industrial Devices, a Tulsa, Okla.-based provider of automation and control solutions, from Black Bay. Go deeper

• SafeBuilt, backed by The Riverside Co., acquired NEIC, a building plan review and inspection agency for municipal clients in Northeast Pennsylvania. Go deeper

• TTDS, a Gryphon Investors portfolio company, acquired Thermal Products, a Charlotte, N.C.-based provider of heat transfer and process equipment solutions. Go deeper

• SAP (NYSE: SAP) agreed to buy TechWolf, a Belgian internal talent management platform that had raised $55m from SAP, Felix Capital, ServiceNow, Workday, Acadian Ventures, Fortino Capital Partners, Notion Capital, SemperVirens, and 20VC. Go deeper

• Emera (TSX: EMA) agreed to buy Canadian Utilities (TSX: CU) for C$14.3b in stock. Go deeper

• Euroleague rebuffed a merger offer from the NBA, per Bloomberg. Go deeper

• SAMY acquired Get Engaged, an Atlanta-based social and influencer marketing agency. Go deeper

• Graduate Ventures, a Dutch seed firm, secured €100m of a €125m-targeted second fund. Go deeper

🌎 Colton Cray joined Lowercarbon as a principal. He previously was with Drover Ventures. Go deeper

• Google and Constellation Energy agreed to a 20-year nuclear-power deal that would boost output at 11 existing nuclear reactors. Go deeper

• Xcimer Energy, a Denver-based fusion company, finalized an agreement for up to $30.5m in federal funding through the U.S. Department of Energy's Milestone-Based Fusion Development Program. Go deeper

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<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Venture Capital</h2>• DeepSeek, a Chinese foundation AI model maker, is in talks to raise at least $12b from backers like CATL and Tencent, per Bloomberg. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://www.bloomberg.com/news/articles/2026-10-06/deepseek-to-raise-at-least-12-billion-in-tencent-backed-funding" data-vars-content-id="7bf828de-d1bc-433f-8934-2112430fe857" data-vars-headline="Pro Rata Premium: First Look" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bloomberg.com/news/articles/2026-10-06/deepseek-to-raise-at-least-12-billion-in-tencent-backed-funding" target="_blank">Go deeper</a>⚡Type One Energy, a Knoxville, Tenn.-based fusion developer, raised $200m co-led by Breakthrough Energy Ventures and Clutterbuck Capital, with participation from Lowercarbon Capital, Siemens Energy Ventures, and SiteGround Capital. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://www.reuters.com/business/energy/fusion-firm-type-one-200-million-siemens-energy-backed-raise-2026-10-06/" data-vars-content-id="7bf828de-d1bc-433f-8934-2112430fe857" data-vars-headline="Pro Rata Premium: First Look" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.reuters.com/business/energy/fusion-firm-type-one-200-million-siemens-energy-backed-raise-2026-10-06/" target="_blank">Go deeper</a>

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