Daily Summary of AI Startup Funding News (October 19, 2025)
Recently Closed Funding Rounds
n8n
- Funding Amount: $180 million
- Description: Backed by Nvidia, n8n is an AI agent and business automation company that has achieved a valuation of $2.5 billion with this funding round.
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EnCharge AI
- Funding Amount: $100 million (Series B)
- Description: EnCharge AI, which develops analog in-memory computing AI chips, closed an oversubscribed funding round led by Tiger Global to advance its AI accelerator solutions.
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Reflection AI
- Funding Amount: $2 billion (Series B)
- Description: Brooklyn-based Reflection AI closed this massive funding round at an $8 billion valuation, marking a significant increase from its previous valuation.
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Cerebras Systems
- Funding Amount: $1.1 billion (Series G)
- Description: Cerebras Systems raised this amount to expand its technology portfolio and manufacturing capacity.
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Cohere
- Funding Amount: $600 million
- Description: This Canadian AI startup raised significant funds to further its development in generative AI technologies.
- Read more here
Startups Currently Raising Funds
Ambience Healthcare
- Target Amount: $243 million (Series C)
- Description: Ambience Healthcare is building an AI healthcare operating system and is currently raising funds to enhance its platform.
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EliseAI
- Target Amount: $250 million (Series E)
- Description: EliseAI, which focuses on generating insights from unstructured data, is raising funds to expand its capabilities.
- Read more here
Periodic Labs
- Target Amount: Undisclosed
- Description: This startup is raising funds to scale its autonomous lab facilities and enhance its AI technology.
- Read more here
Summary
The AI startup funding landscape is thriving, with significant rounds closed by n8n, EnCharge AI, and Reflection AI among others. Startups like Ambience Healthcare and EliseAI are actively raising funds, indicating continued investor confidence in the AI sector.
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