Daily Summary of AI Startup Funding News (October 30, 2025)
Recently Closed Funding Rounds
Uniphore
- Funding Amount: $260 million (Series F)
- Description: Uniphore develops an AI platform for businesses to deploy agentic AI and closed this round with backing from Nvidia, AMD, Snowflake Ventures, and Databricks Ventures.
- Read more here
Fireworks AI
- Funding Amount: $250 million (Series C)
- Description: Fireworks AI, based in Redwood City, offers a global AI inference cloud and closed this funding round to expand its operations.
- Read more here
Mercor
- Funding Amount: $350 million (Series C)
- Description: AI hiring startup Mercor announced this funding round, bringing its valuation to $10 billion. The round was led by Felicis with participation from Benchmark, General Catalyst, and Robinhood Ventures.
- Read more here
Circuitry.ai
- Funding Amount: Undisclosed (Seed Round)
- Description: Circuitry.ai, a decision intelligence company transforming service operations for manufacturers, has closed a seed funding round.
- Read more here
CustoMED
- Funding Amount: $6 million (Seed Round)
- Description: CustoMED, a healthtech startup spun out of Israel’s Sheba Medical Center, closed this funding round to advance its AI-driven solutions.
- Read more here
Startups Currently Raising Funds
DRUID AI
- Funding Target: €50 million
- Description: This conversational AI startup is targeting this amount in its next funding round to enhance its AI-powered virtual assistants for enterprise workflows.
- Read more here
OpenAI
- Funding Target: $18 billion
- Description: OpenAI is seeking this amount to support its operational expenses and a joint venture to build data centers in the U.S.
- Read more here
Summary
The AI startup funding landscape continues to be dynamic, with significant rounds closed by companies like Uniphore and Mercor. The ongoing interest from investors highlights a robust confidence in AI technologies and their potential to reshape various industries.
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