Looking at the largest NYC startup funding rounds from October 2026, leveraging AlleyWatch’s proprietary funding data, we’ve analyzed the most significant venture capital deals of the month. Beyond the raw funding numbers, this month’s analysis includes detailed information about each company’s industry focus, founding team, business model, and total funding history to provide deeper context about these high-growth ventures.
11. Ultra $50M
Round: Series A
Description: Ultra develops AI-powered industrial robots that automate warehouse workflows such as order packaging, sorting, and kitting. Founded by Chetan Parthiban, Jonathan Schwartz, Max Friefeld, and Oliver Ortlieb in 2024, Ultra has now raised a total of $62M in total equity funding and is backed by Y Combinator, Wing Venture Capital, Framework Ventures, Pioneer Fund, and M13.
Investors in the round: Framework Ventures, Y Combinator
Industry: Artificial Intelligence (AI), Information Technology, Logistics, Machine Learning, Robotics, Software
Founders: Chetan Parthiban, Jonathan Schwartz, Max Friefeld, Oliver Ortlieb
Founding year: 2024
Total equity funding raised: $62M
AlleyWatch’s exclusive coverage of this round: Ultra Raises $50M to Put AI Packing Robots on More Warehouse Floors
10. Stuut $52.5M
Round: Series B
Description: Stuut provides an AI-powered software platform that automates accounts receivable and order-to-cash processes. Founded by Ben Winter, Miraj Mohsin, and Tarek Alaruri in 2024, Stuut has now raised a total of $88M in total equity funding and is backed by Andreessen Horowitz, Khosla Ventures, Sequoia Capital, Insight Partners, and Activant Capital.
Investors in the round: Activant Capital, Andreessen Horowitz, Insight Partners, M12 – Microsoft’s Venture Fund, SignalRank
Industry: Accounting, Agentic AI, Artificial Intelligence (AI), Business Process Automation (BPA), Enterprise Software, Financial Services, FinTech
Founders: Ben Winter, Miraj Mohsin, Tarek Alaruri
Founding year: 2024
Total equity funding raised: $88M
AlleyWatch’s exclusive coverage of this round: Stuut Raises $52.5M to Unlock Cash Trapped in Receivables
8. Daytona $60M
Round: Series B
Description: Daytona provides cloud infrastructure for running AI-generated code and autonomous AI agents in isolated environments. Founded by Goran Draganic, Ivan Burazin, and Vedran Jukic in 2023, Daytona has now raised a total of $91M in total equity funding and is backed by Alumni Ventures, FirstMark, 500 Global, e2vc, and Torch Capital.
Investors in the round: FirstMark Capital, Qualcomm Ventures, Patrick Collison, Aravind Srinivas, Upfront Ventures, Alumni Ventures, Evergreen Fund, Adam D’Angelo, Brendan Foody, Olivier Pomel, Okta Ventures, Torch Capital, Samsung NEXT, Pace Capital, Tobi Lutke, Eric Yuan, e2vc
Industry: Artificial Intelligence (AI), Cloud Computing, Cloud Infrastructure, Developer Tools, IT Infrastructure, Software
Founders: Goran Draganic, Ivan Burazin, Vedran Jukic
Founding year: 2023
Total equity funding raised: $91M
8. North.cloud $60M
Round: Series B
Description: North.cloud provides a platform for monitoring and optimizing cloud, AI, and data spending. Founded by Matt Biringer and Yassine Açoine in 2023, North.cloud has now raised a total of $67.6M in total equity funding and is backed by Gaingels, Mana Ventures, Everywhere Ventures, Alpaca VC, and PeakSpan Capital.
Investors in the round: Alpaca VC, Companyon Ventures, Gaingels, Litquidity Ventures, Mana Ventures, PeakSpan Capital, Uncommon Denominator
Industry: Artificial Intelligence (AI), Cloud Computing, Cloud Data Services, Cloud Management, Enterprise Software, FinTech
Founders: Matt Biringer, Yassine Açoine
Founding year: 2023
Total equity funding raised: $67.6M
7. TriGemX Bio $94M
Round: Venture
Description: TriGemX Bio uses the science of gut-brain biology to create medicines that transform human health. Founded by Alex Rives, Charles Zuker, Nancy Thornberry, Richard Axel, and Thomas Maniatis in 2015, TriGemX Bio has now raised a total of $581.2M in total equity funding and is backed by The Column Group, Viking Global Investors, Euclidean Capital, TCG Crossover, and Euclidean Capital.
Investors in the round: Viking Global Investors, The Column Group, TCG Crossover
Industry: Biotechnology, Health Care, Medical, Pharmaceutical
Founders: Alex Rives, Charles Zuker, Nancy Thornberry, Richard Axel, Thomas Maniatis
Founding year: 2015
Total equity funding raised: $581.2M
6. Capitolis $120M
Round: Series E
Description: Capitolis provides technology and financial solutions designed to improve capital efficiency and reduce risk across capital markets. Founded by Gil Mandelzis, Igor Teleshevsky, and Thomas Glocer in 2017, Capitolis has now raised a total of $457.8M in total equity funding and is backed by Andreessen Horowitz, Sequoia Capital, Index Ventures, Citi, and Hercules Capital.
Investors in the round: Bank of America, State Street, BNP Paribas, JP Morgan, Tradeweb, Barclays, Nomura, Citi, UBS, First Citizens Innovation Banking, Hercules Capital, Pinegrove Venture Partners
Industry: Banking, Financial Services, FinTech, Information Technology, Trading Platform
Founders: Gil Mandelzis, Igor Teleshevsky, Thomas Glocer
Founding year: 2017
Total equity funding raised: $457.8M
5. Valon $150M
Round: Series D
Description: Valon develops software infrastructure for mortgage servicing and other regulated financial workflows. Founded by Andrew Wang, Eric Chiang, Jonathan Hsu, and Linda Du in 2019, Valon has now raised a total of $347.1M in total equity funding and is backed by Andreessen Horowitz, Human Capital, Ribbit Capital, Zigg Capital, and AlleyCorp.
Investors in the round: Andreessen Horowitz, Ribbit Capital
Industry: Artificial Intelligence (AI), Financial Services, FinTech, Mortgage, Payments, Software
Founders: Andrew Wang, Eric Chiang, Jonathan Hsu, Linda Du
Founding year: 2019
Total equity funding raised: $347.1M
4. Whop $200M
Round: Series D
Description: Whop enables individuals and businesses to sell digital products, subscriptions, courses, and memberships online. Founded by Cameron Zoub, Jack Sharkey, and Steven Schwartz in 2021, Whop has now raised a total of $478M in total equity funding and is backed by Sequoia Capital, Insight Partners, Bain Capital Ventures, A*, and Soma Capital.
Investors in the round: Shopify Ventures, Sequoia Capital
Industry: Affiliate Marketing, Developer APIs, E-Commerce, FinTech, Marketplace, SaaS
Founders: Cameron Zoub, Jack Sharkey, Steven Schwartz
Founding year: 2021
Total equity funding raised: $478M
3. Modal Labs $750M
Round: Series D
Description: Modal Labs is a serverless cloud infrastructure platform for running machine learning and data processing workloads. Founded by Akshat Bubna and Erik Bernhardsson in 2021, Modal Labs has now raised a total of $1.2B in total equity funding and is backed by Menlo Ventures, Accel, General Catalyst, Gaingels, and Quiet Capital.
Investors in the round: Bain Capital Ventures, General Catalyst, Kleiner Perkins, Menlo Ventures, Lux Capital, Redpoint, Accel
Industry: AI Infrastructure, Cloud Computing, Cloud Data Services, Cloud Infrastructure, Software
Founders: Akshat Bubna, Erik Bernhardsson
Founding year: 2021
Total equity funding raised: $1.2B
2. Kalshi $1B
Round: Series G
Description: Kalshi operates an online prediction market platform that allows users to trade contracts based on the outcomes of future events. Founded by Luana Lopes Lara and Tarek Mansour in 2018, Kalshi has now raised a total of $3.8B in total equity funding and is backed by Andreessen Horowitz, Wellington Management, Sequoia Capital, General Catalyst, and IVP.
Investors in the round: Morgan Stanley Investment Management, Balyasny Asset Management, Sequoia Global Equities, Wellington Management, Hudson River Trading, Andreessen Horowitz, Sequoia Capital, Baillie Gifford, Layer Global, CapitalG, Stripes, Coatue
Industry: Financial Exchanges, Financial Services, FinTech, Prediction Markets, Predictive Analytics
Founders: Luana Lopes Lara, Tarek Mansour
Founding year: 2018
Total equity funding raised: $3.8B
1. Ramp $1.9B
Round: Series G
Description: Ramp is a financial technology company that develops software for corporate spend management, finance operations, and business payments. Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $4.7B in total equity funding and is backed by Lightspeed Venture Partners, Khosla Ventures, Sequoia Capital, BoxGroup, and General Catalyst.
Investors in the round: Dragoneer Investment Group, Thrive Capital, Founders Fund, 1789 Capital, 8VC, Alpha Wave Global, Avenir, Capital Group, Coatue, D1 Capital Partners, Definition, D. E. Shaw & Co., Fidelity, FirstMark, General Catalyst, Generation Investment Management, GIC, Glade Brook Capital Partners, Greenoaks, ICONIQ Capital, Khosla Ventures, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan, Pinegrove Opportunity Partners, Sands Capital Ventures, Soma Capital, Stripes, T. Rowe Price
Industry: Artificial Intelligence (AI), Credit Cards, Finance, Financial Services, FinTech
Founders: Eric Glyman, Gene Lee, Karim Atiyeh
Founding year: 2019
Total equity funding raised: $4.7B
