--- title: "Biggest Funding Rounds in AI and Biotech for October 2026" url: https://adtech.lol/articles/c69f745f-c532-437a-9b07-076b34ff807d source_url: https://news.crunchbase.com/venture/biggest-funding-rounds-ai-defense-biotech-robotics-tenstorrent/ source_site: crunchbase author: "Joanna Glasner" published: 2026-10-26T00:00:00+00:00 tags: ["AI", "Biotech", "Startups", "Funding", "Venture Capital"] publisher: AdTech Radar --- # Biggest Funding Rounds in AI and Biotech for October 2026 > It was another interesting week for AI-related startup funding, with large rounds and quirky companies. The largest financings went to Tenstorrent and AI lab Flapping Airplanes, among others. # Biggest Funding Rounds in AI and Biotech for October 2026 It was another interesting week for AI-related startup funding, with a number of large rounds and quirky companies. The largest financings went to [Tenstorrent](https://www.crunchbase.com/organization/tenstorrent), a developer of AI processors and systems, and AI lab [Flapping Airplanes](https://www.crunchbase.com/organization/flapping-airplanes). The quirkiest round, meanwhile, was undoubtedly a $200 million financing for [Warhound](https://www.crunchbase.com/organization/warhound-4eb0), which wants to breed elite military dogs. A number of big rounds in areas including biotech, space tech and physical AI rounded out the list. ### 1. [Tenstorrent](https://www.crunchbase.com/organization/tenstorrent), $1.5B, AI infrastructure: Santa Clara, California-based Tenstorrent, a developer of AI processors and systems, secured $1.5 billion in Series E funding. [Trace Capital](https://www.crunchbase.com/organization/trace-capital) and [Innovation X](https://www.crunchbase.com/organization/innovation-x-advisors) led the round, which set a $6.2 billion valuation for the 10-year-old company. ### 2. [Flapping Airplanes](https://www.crunchbase.com/organization/flapping-airplanes), $1B, foundational AI: Flapping Airplanes, an AI lab with a focus on developing models that cost less to train and run, closed on $1 billion in Series A funding led by [Lux Capital](https://www.crunchbase.com/organization/lux-capital) and [Index Ventures](https://www.crunchbase.com/organization/index-ventures). The round comes less than 10 months after the year-old San Francisco startup raised a $180 million seed financing. ### 3. [ASI](https://www.crunchbase.com/organization/airspace-intelligence), $325M, AI for critical infrastructure: ASI, a developer of AI technology for securing and operating critical infrastructure in areas such as aviation, transportation and defense, picked up $325 million in Series C financing. [Spark Capital](https://www.crunchbase.com/organization/spark-capital) led the round, which set a $3 billion valuation for the Boston-based company. ### 4. [Xona](https://www.crunchbase.com/organization/xona-space-systems), $250M, space tech: Xona, a startup developing a next-generation version of GPS, raised $250 million in Series D funding led by [Future Ventures](https://www.crunchbase.com/organization/future-ventures). The round sets a $2.4 billion valuation for the Burlingame, California-based company. ### 5. [Pathos AI](https://www.crunchbase.com/organization/pathos-beb6), $237M, biotech: Pathos AI, a startup applying AI to drug development, completed a $237 million Series E financing at a post-money valuation around $3 billion. [Bristol-Myers Squibb](https://www.crunchbase.com/organization/bristol-myers-squibb) led the financing for the New York-headquartered company. ### 6. [Warp Sciences](https://www.crunchbase.com/organization/warp-sciences), $215M, AI, robotics and life sciences: Warp Sciences, a startup applying AI and robotics to help develop new medicines faster, raised a $215M Series A round led by [Lightspeed Venture Partners](https://www.crunchbase.com/organization/lightspeed-venture-partners). ### 7. (tied) [Whop](https://www.crunchbase.com/organization/whop), $200M, online business marketplace: Whop, a platform that helps entrepreneurs build and run online businesses, secured $200 million in Series D funding led by [Sequoia Capital](https://www.crunchbase.com/organization/sequoia-capital) and [Shopify Ventures](https://www.crunchbase.com/organization/shopify-ventures). The round set a $5.1 billion valuation for the New York-based company. ### 7. (tied) [Star Therapeutics](https://www.crunchbase.com/organization/star-therapeutics#overview), $200M, biotech: South San Francisco, California-based drug developer Star Therapeutics says it raised $200 million in new financing led by [OrbiMed](https://www.crunchbase.com/organization/orbimed-advisors) and [Janus Henderson Investors](https://www.crunchbase.com/organization/janus-henderson-investors). The investment follows [Incyte](https://www.crunchbase.com/organization/incyte)’s July acquisition of [Vega Therapeutics](https://www.crunchbase.com/organization/vega-therapeutics), a subsidiary of Star, in a deal valued at up to $2 billion. ### 7. (tied) [Warhound](https://www.crunchbase.com/organization/warhound-4eb0), $200M, military dogs: Warhound, a startup that wants to breed working dogs for U.S. military forces and emergency responders, launched from stealth with $200 million in seed funding from a long list of backers including [Sequoia Capital](https://www.crunchbase.com/organization/sequoia-capital) and [8VC](https://www.crunchbase.com/organization/8vc). The startup, co-founded by [AnduriI ndustries](https://www.crunchbase.com/organization/anduril-industries) founder [Palmer Luckey](https://www.crunchbase.com/person/palmer-luckey), plans to equip the dogs with Anduril technology. ### 10. [Arda Industries](https://www.crunchbase.com/organization/arda-4e1f), $160M, AI manufacturing software: Arda Industries, a developer of AI-powered software for manufacturing engineering, closed on $160 million in Series A funding at a $1.5 billion valuation, co-led by [Altimeter Capital](https://www.crunchbase.com/organization/altimeter-capital), [Accel](https://www.crunchbase.com/organization/accel) and [Khosla Ventures](https://www.crunchbase.com/organization/khosla-ventures). The San Francisco-based startup also announced a previously undisclosed $72 million seed financing. ## Methodology We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the period of Oct. 17-23, 2026. Although most announced rounds are in the database, there may be a small time lag, as some rounds are reported late in the week. _Illustration: [Dom Guzman](https://www.domguzman.com/)_ Source: [https://news.crunchbase.com/venture/biggest-funding-rounds-ai-defense-biotech-robotics-tenstorrent/](https://news.crunchbase.com/venture/biggest-funding-rounds-ai-defense-biotech-robotics-tenstorrent/)