AI startups announced about $2.8 billion in disclosed growth and early-stage funding across 15 rounds between November 10 and 11, 2026. Mercor recorded the largest round at $750 million, followed by UK chip designer Fractile and Utah-based Torus.
The same window included Oura’s $625 million deal for Counsel Health and a planned Nvidia investment of about $10 billion in Anthropic. This digest covers deals above $2 million, ordered by amount raised.
The window runs from US business hours on November 10 through November 11. Deals first announced earlier, such as Coframe’s $25 million Series A on November 9, are excluded.
AI funding rounds ranked by size
The chart compares the 15 growth and early-stage AI funding rounds in this update. Amounts are in US dollars. Fractile’s figure uses the $720 million reported by Reuters, and Kardi Ai’s euro round is converted at an approximate rate.
Growth and early-stage AI funding
AI funding rounds above $100 million
Six companies raised $100 million or more. Four are US-based, one is British and one is Canadian.
| Company | Round | Amount | Valuation | Lead and notable investors | HQ | Region | Sources |
|---|---|---|---|---|---|---|---|
| MercorSupplies domain experts who train and evaluate AI models | Series D | $750MIncludes an employee tender of undisclosed size | $20B | No lead named; Benchmark, General Catalyst, Felicis, Nvidia, Salesforce, Zoom | United States | North America | SiliconANGLE Reuters |
| FractileDesigns chips for AI inference that keep data on the chip | Series C | £500M+About $720M, per Reuters | Over £5B (about $7B) | Thrive Capital, Founders Fund, Lightspeed and Redpoint (co-leads); CapitalG, UK Sovereign AI Fund, British Business Bank | United Kingdom | Europe/UK | Tech.eu SRN News (Reuters) |
| TorusBuilds container-sized units that pair batteries with AI inference computing | Series C | $500M | Not disclosed | Magnetar (lead); Iconiq Capital, Origin Ventures, Trinity Capital | United States | North America | Bloomberg Investing.com |
| Path RoboticsDevelops AI-driven autonomous welding robots for manufacturers | Series E | $300M | $2.45B | Georgian (lead); Addition, Drive Capital, Tiger Global, NAVER Ventures | United States | North America | Bloomberg TechStartups |
| Blue JAI research software for tax professionals | Series E | $176M | Over $700M | JMI Equity (lead); Oak HC/FT, Sapphire Ventures, Intrepid Growth Partners | Canada | North America | Blue J TechStartups |
| RoxAI revenue agents for sales teams at large enterprises | Series B | $100M | $1.3B | General Catalyst and March (co-leads); Drive Capital, IronArc Ventures | United States | North America | Fortune PR Newswire |
Mercor’s valuation doubled from the $10 billion set in its October 2025 Series C. The company did not say how the $750 million splits between new capital and the employee share sale.
Fractile’s previous round, a $220 million Series B in May 2026, valued it at around £820 million. Its chips are scheduled for data center deployment next year.
AI funding rounds from $10 million to $100 million
Seven rounds fell in this range. Five of them fund AI agent tooling, AI security or agent memory.
| Company | Round | Amount | Valuation | Lead and notable investors | HQ | Region | Sources |
|---|---|---|---|---|---|---|---|
| Daylight SecurityManaged security service that pairs AI agents with human analysts | Series B | $80M | About $400M (WSJ, citing sources) | Goldman Sachs Alternatives (lead); Okta Ventures, Bain Capital, Craft Ventures | United States | North America | WSJ TechStartups |
| Charta HealthAI that reviews medical records to check billing accuracy | Series B | $55M | Not disclosed | Insight Partners (lead); Madrona, Bain Capital Ventures, South Park Commons, QuantumLight | United States | North America | PR Newswire TechStartups |
| BayMonitors and blocks risky actions taken by AI agents | Series A | $37MAlso disclosed an earlier $13M seed | Not disclosed | Battery Ventures (lead); M12, Micron Ventures | Israel | Middle East | Axios Pro TechStartups |
| Graphon LabsBuilds a memory layer for AI agents across documents, video and images | Series A | $35M | Not disclosed | RRE Ventures (lead); HP, Energy Impact Partners, Hitachi Ventures, Gaia VC | United States | North America | The Next Web Business Insider |
| Tendrils ComputeDesigns massively parallel processors and a companion programming language | Seed | $30M | Not disclosed | Benchmark (lead); Visionaries Club, UK Sovereign AI Fund, Conviction | United Kingdom | Europe/UK | Tech.eu TechStartups |
| PluraiUses digital twins and synthetic data to post-train small models for enterprise agents | Seed | $13M | Not disclosed | Team8 (lead); U&I, Velocity, Mercer | Not stated in sources | Not confirmed | AI Weekly Techmeme (TechCrunch) |
| GuavaVoice AI agents for enterprise and BPO call centers | Seed | $12.5M | Not disclosed | Acrew Capital (lead); Flourish Ventures, WillowTree Ventures, Clocktower Ventures, Commerce Ventures | Not stated in sources | Not confirmed | American Bazaar (Business Wire release) |
Bay’s total funding reached $50 million once the earlier seed is counted. Daylight’s total reached $120 million after the Series B.
AI funding rounds under $10 million
| Company | Round | Amount | Valuation | Lead and notable investors | HQ | Region | Sources |
|---|---|---|---|---|---|---|---|
| Kardi AiWearable ECG monitoring with AI analysis to flag heart rhythm disorders | Series A | €5.3MAbout $6.1M at €1 ≈ $1.15 | Not disclosed | Callisto Health (lead); Seed Starter, BrightCap Ventures, Purple Ventures, DEPO Ventures | Czech Republic | Europe/UK | Tech.eu |
| AnorakInteractive generative video that turns games into real-time AI experiences | Pre-seed | $5M | Not disclosed | Play Ventures and Backed VC (co-leads); Supercell, MTG | United Kingdom (AI lab in Chengdu) | Europe/UK | Tech.eu |
AI funds, acquisitions and strategic investments
Four deals in this group cleared the $2 million threshold. Two involve health AI or national AI infrastructure.
| Deal | Type | Amount | Valuation | Parties | HQ | Region | Sources |
|---|---|---|---|---|---|---|---|
| Nvidia into AnthropicPlanned investment disclosed in Anthropic’s updated IPO filing | Strategic investment (planned) | About $10B | IPO range implies up to $1.405T fully diluted (CNBC) | Nvidia; about 10% of the new cash Anthropic expects to raise this month | United States | North America | New York Times CNBC |
| Oura acquires Counsel HealthCounsel pairs a medical AI chatbot with licensed physicians | Acquisition (cash) | $625M | Not applicable | Acquirer Oura; Counsel had raised $36M, including a Series A led by a16z and GV | Finland (Oura) / United States (Counsel) | North America | STAT TechCrunch |
| Danish Centre for AI Innovation (DCAI)Operator of Denmark’s Gefion AI supercomputer | Strategic investment | €67M (DKK 500M)About $77M at €1 ≈ $1.15 | Not disclosed | Netcompany (€43.6M, new shareholder), EIFO (€20.1M); Novo Nordisk Foundation keeps 52.6% | Denmark | Europe/UK | Tech.eu |
| Proximal VenturesFirst solo fund of former SignalFire investor Sahir Raoof | AI-focused fund launch | $27.5M | Not applicable | Backs AI tools, infrastructure and services for drug development | United States | North America | American Bazaar (citing TechCrunch) |
Oura expects the Counsel Health deal to close before the end of 2026. The same day, Oura reported fiscal fourth-quarter revenue of $533 million, up 153% year over year.
Nvidia already appears across many of the largest private AI cap tables, as shown in this breakdown of Nvidia’s startup investments in 2026. Today it also took part in Mercor’s Series D.
Regional coverage of today’s AI funding update
North America accounted for most of the capital in this window. The UK placed three AI rounds, led by Fractile, and the Czech Republic and Denmark added one deal each.
No India, China, rest of Asia-Pacific, Latin America or Africa AI deals above $2 million were confirmed in the window. Searches of Inc42, Entrackr, DealStreetAsia, Wamda, LatamList and TechCabal returned only older deals or undisclosed amounts.
Saudi startup Mawsool closed a pre-seed round on November 10, but the amount was not disclosed, so it is not listed. Mexico’s Clara raised a $65 million Series C, which is excluded because it is a corporate payments company rather than an AI company.
For context on how today’s rounds compare with the sector’s largest private companies, see the ranking of the top 50 AI funded startups.
Trends in today’s AI funding deals
- AI compute hardware drew the most capital. Fractile, Torus and Tendrils raised about $1.25 billion combined, and Denmark’s DCAI added €67 million for national AI computing capacity.
- Agent infrastructure was the most common theme by deal count. Bay, Daylight, Graphon, Plurai, Rox and Guava all build tools that deploy, secure or give memory to AI agents.
- General Catalyst backed both Mercor and Rox, Nvidia appeared in Mercor’s round and Anthropic’s IPO filing, and the UK Sovereign AI Fund invested in both Fractile and Tendrils.
FAQ
What was the largest AI funding round on November 10–11, 2026?
Mercor’s $750 million Series D at a $20 billion valuation was the largest. The amount includes an employee share tender of undisclosed size, so new capital to the company is lower than the headline figure.
How much did AI startups raise in this update?
Fifteen growth and early-stage AI rounds above $2 million totaled about $2.8 billion. That figure excludes Oura’s $625 million acquisition, Nvidia’s planned Anthropic investment and fund launches.
Which European AI startups raised money today?
Fractile raised over £500 million, Tendrils Compute raised $30 million, Kardi Ai raised €5.3 million and Anorak raised $5 million. Denmark’s DCAI also received a €67 million strategic investment.
Were there AI funding deals in India, China or Africa?
No AI deals above $2 million were confirmed in India, China, the rest of Asia-Pacific, Latin America or Africa during this window. Recent deals from those regions were announced earlier in November.
Why does Oura’s Counsel Health deal appear in an AI funding update?
Counsel Health builds a medical AI chatbot that hands users to licensed physicians. Oura agreed to pay $625 million in cash, and expects the acquisition to close before the end of 2026.
