Daily Summary of AI Startup Funding News (October 31, 2025)
Recently Closed Funding Rounds
Mercor
- Funding Amount: $350 million (Series C)
- Description: AI hiring startup Mercor raised this funding to enhance its platform, bringing its valuation to $10 billion. The round was led by Felicis with participation from Benchmark.
- Read more here
Polygraf AI
- Funding Amount: $9.5 million (Seed Round)
- Description: Austin-based Polygraf AI, which focuses on enterprise AI solutions, secured this funding to develop its offerings.
- Read more here
ConductorOne
- Funding Amount: $79 million (Series B)
- Description: ConductorOne, a startup focused on identity management, closed this funding round led by Greycroft with participation from CrowdStrike Falcon Fund and previous investors.
- Read more here
Fireworks AI
- Funding Amount: $250 million
- Description: Fireworks AI raised this funding to scale its cloud inference platform.
- Read more here
OpenEvidence
- Funding Amount: $210 million (Series B)
- Description: OpenEvidence, which provides AI applications for clinical healthcare, closed this round to enhance its services.
- Read more here
Startups Currently Raising Funds
iEduGPT
- Funding Amount: $10 million (Seed Round)
- Description: iEduGPT, focused on educational AI solutions, is currently raising funds to expand its platform.
- Read more here
Hadrian
- Funding Amount: $260 million (Series C)
- Description: Hadrian, developing AI-enabled factories for aerospace and defense, is in the process of raising this funding to scale operations.
- Read more here
Cerebras
- Funding Amount: $1.38 billion
- Description: Cerebras, an AI data center developer, is reportedly raising substantial funds to expand its technology portfolio.
- Read more here
Summary
The AI funding landscape remains dynamic, with significant rounds closed by startups like Mercor and Polygraf AI. Current fundraising efforts are also noteworthy, with companies like iEduGPT and Hadrian actively seeking capital to enhance their operations and technology. The continued investment in AI indicates strong confidence in the sector's growth potential.
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