SVTR 硅谷科技评论SVTR

AI Venture Stream

Global AI venture moves SVTR tracks: funding rounds, IPOs, M&A and fund closes, plus SVTR research, events and camps that have an English edition. Daily commentary is published in Chinese.

Query funding by sector or period in the funding database · Methodology

Sector ranks under “Market position” on funding cards are SVTR Signal positions: a blend of press coverage over the past six months, funding and deal activity over the past three months, and follower interest over the past three months. They are not a ranking by amount raised.Full methodology

Oct 19 – Oct 25

116

funding rounds

$8B

disclosed· 86 with amounts

5

fund closes

9

M&A / IPOs

Largest Tenstorrent $1.5B·Flapping Airplanes $1B·Legora $550M

CAPITAL MAP

AI venture at a glance · Oct 19 – Oct 25

116
Funding
2
IPO
7
M&A
5
Fund raises
$8B
Disclosed

Top 10 funding rounds

Tenstorrent
$1.5B
Flapping Airplanes
$1B
Legora
$550M
新石器
$400M
Air Space Intelligence
$325M
Otter.ai
$320M
Xona Space Systems
$250M
Pigment
$250M
Pathos AI
$237M
Warp Sciences
$215M

Scope: confirmed rounds only (rumored/unverified and mega-IPOs excluded); rounds reported without a convertible amount are not summed, so real activity runs higher than the disclosed total.

Source: SVTR AI Venture Database

Sun, Oct 25

  • Signal

    Galbot and Fourier Backed a Former Fourier Engineer: China's Robot Makers Are Raising Shared Suppliers

    On October 20, Galbot and Fourier both invested in YITA Dynamics, founded by Fourier's former head of humanoid power R&D, Zhong Xuegang. According to the SVTR AI venture database, of 25 rounds since August 2025 in which Chinese robot companies invested in other companies, 6 came between October 10 and 22: 5 went into joints, sensors, chips or cooling, and 3 had two or more robot companies in the same round. Our view: Chinese robot makers are co-owning shared suppliers. The stakes buy delivery priority when capacity is tight, not exclusivity. In the US, Figure is bringing actuators, hands and batteries into its own factory.

    Read →

Sat, Oct 24

  • Thesis

    Jun Ye Wins the Wolf Prize: Money Pours into Quantum Computing, Orders Land on Atomic Clocks

    Jun Ye has won the 2026 Wolf Prize in Physics. Looking at the companies that grew out of his lab, venture capital is betting on quantum computing: six neutral-atom computing startups in the SVTR AI Venture Database have raised about $1.88B, with Oratomic alone raising $775M in its first year, while timing and sensing startups mostly sit in the tens of millions. Yet orders at scale are landing on atomic clocks first, with DARPA contracting IonQ for up to 125 optical atomic clocks.

    Read →

Fri, Oct 23

Thu, Oct 22

Wed, Oct 21

Tue, Oct 20

Mon, Oct 19