Funding Weekly | OpenAI Raises $11B at a $1.25T Valuation; Uranium Digital Closes $16.5M Series A

This Week's Highlights

This week, crypto industry fundraising was mainly concentrated in RWA, stablecoin payments and institutional financial infrastructure. According to incomplete we statistics, last week (11.2-11.8) there were 10 investment and fundraising events in the global blockchain industry, with total funding of more than $47.5 million. Major rounds include:

• Uranium Digital completed a $16.5 million Series A led by Blockchain Capital and plans to bring physical uranium trading onto the blockchain;
• Latin American stablecoin financial platform Takenos completed a $7 million seed extension led by North Island Ventures and Road Capital Management;
• Institutional trading firm LO:TECH completed a $12 million Series A led by MMC;
• Stablecoin payment provider Yellow Card completed its acquisition of Brazilian virtual asset service provider GoMoney;
• Aave Labs acquired the team and technology of on-chain lending protocol Avon

This week, AI fundraising continued to concentrate on model inference infrastructure, agent security and Physical AI. OpenAI closed a new $11 billion round, bringing the company's valuation to $1.25 trillion; AI inference platform fal completed a $1.3 billion Series F, doubling its valuation to $16 billion. On the AI application side, data security company Sentra completed a $150 million Series C, and fintech company Pliant completed an $80 million Series C, with a focus on AI Agent payment infrastructure.

Crypto Fundraising

RWA

Uranium Digital Completes $16.5M Series A, Plans to Bring Uranium Trading onto the Blockchain

According to Fortune magazine, New York startup Uranium Digital announced the completion of a $16.5 million Series A led by Blockchain Capital, with existing investors Portal Ventures and Apeiron Investment Group participating. The round closed last month, and the proceeds will be used to expand its electronic trading platform.

Founded in 2024, Uranium Digital aims to use blockchain to track ownership of physical uranium held in storage facilities and to provide institutions with a platform for buying and selling uranium. The company hopes to shift uranium trading from the traditional model of broker price inquiries, emailed contracts and offline warehouse delivery toward electronic trading. Previously, the company completed a $6.1 million seed round in 2025. As AI data centers drive growth in energy demand, the nuclear power and uranium fuel markets are drawing more attention.

Tokenized Securities Financing Infrastructure Lombard Systems Completes $4M Seed Round

Tokenized securities financing infrastructure Lombard Systems (formerly SemiLiquid) completed a $4 million seed round led by Ethereal Ventures, with ALPS Capital, First Commit, Veris Ventures and ATKA participating. Lombard Systems provides financing infrastructure for tokenized securities and maintains the "delivery versus lock" (DvL) standard. The standard allows banks, broker-dealers and transfer agents to accept tokenized and digital assets as collateral without moving the assets out of their existing securities accounts: the assets remain locked in the owner's name, while the lender obtains an enforceable security interest evidenced by a cryptographically signed credit credential.

On-Chain Stock Trading Platform StableStock Completes New Strategic Round at a $75M Valuation, with Amber Among Participants

On-chain stock trading platform StableStock recently completed a new strategic funding round at a $75 million valuation, with participants including Amber, Nomad Capital, Flow Traders and Gate. Last August, StableStock completed YZi Labs' Easy Residency incubation program and closed a seed round with investors including YZi Labs, Matrix Partners China and Vertex Ventures.

Infrastructure

On-Chain Trading Infrastructure Orbs Makes Strategic Investment in CRYMBO

According to a Chainwire report, on-chain trading infrastructure provider Orbs announced a strategic investment in CRYMBO.

CRYMBO is a financial infrastructure platform for licensed institutions, helping banks, payment providers and broker-dealers launch digital asset services under their own brand and within their own regulatory frameworks. According to the announcement, beyond liquidity and blockchain technology, institutions entering on-chain markets also need to handle identity verification, compliance, custody, settlement, payments and reconciliation.

CRYMBO connects more than 75 service providers through a single integration, covering custody, liquidity, banking rails, payments, identity verification and transaction monitoring, and institutions can coordinate these services in customized workflows while retaining their choice of providers. The platform does not hold customer funds or private keys, and institutions operate under their own brand and licenses.

Hardware Wallet Unruggable Completes $500K Round Led by Colosseum

Solana hardware wallet and companion app Unruggable completed a $500,000 strategic round led by Colosseum, with participation from some Solana ecosystem investors. Unruggable is a winning project of the Solana Cypherpunk hackathon.

Stablecoin Payments

Stablecoin Financial Platform Takenos Completes $7M Seed Extension Led by North Island Ventures and Others

Latin American stablecoin financial platform Takenos completed a $7 million seed extension led by North Island Ventures and Road Capital Management, with existing investors Variant, Lattice and Reverie participating. The round brings Takenos' total funding to $12 million. Founded in 2022, Takenos currently operates in six Latin American countries, processes more than $5 billion in annual transaction volume, and counts global companies such as LATAM Airlines among its clients. The platform has developed a full technology stack covering local payment rails, a consumer app, enterprise APIs and an institutional trading desk, with partners including Stripe, Mastercard and Visa. The new funds will be used to expand its services to more than 15 countries by 2027.

Stablecoin Cross-Border Payment Platform Bloquo Completes $3.7M Seed Round

Stablecoin cross-border payment platform Bloquo completed a $3.7 million seed round led by Crescera Capital and Triaxis Capital, with Lattice Fund participating. According to the introduction, Bloquo is a Brazilian fintech company dedicated to building stablecoin-based financial infrastructure for banks and enterprises. Its platform integrates cross-border payments, foreign exchange trading and liquidity provision, supports stablecoins such as USDC and USDT, and can be accessed via API or dashboard. The company has registered as a money services business with the U.S. FinCEN and has applied to the Central Bank of Brazil for a virtual asset broker registration.

Prediction Markets

Monad Ecosystem Prediction Market CRSHMARKET Completes $3.5M Seed Round

Monad ecosystem prediction market CRSHMARKET completed a $3.5 million seed round led by 6th Man Ventures (6MV), with Reciprocal Ventures, Lattice Fund and Starting Line participating. According to the introduction, CRSHMARKET is a live-stream prediction market built on Monad where viewers can predict how live content (including gaming and IRL streams) will unfold; markets settle within 60 seconds, turning real-time streams into fast, social prediction markets.

Centralized Finance

Crypto High-Frequency Trading Firm LO:TECH Completes $12M Series A, Plans to Expand in New York and Singapore

London high-frequency trading and market-making firm LO:TECH completed a $12 million Series A led by MMC, with Faction, 13 Books Capital and new investor Atka participating. The company plans to use the proceeds to expand into the New York and Singapore markets and to further build out trade execution services across traditional finance, digital assets and prediction markets.

LO:TECH was founded by Tim Meggs, Marcus Horsley and Alex Williams and focuses on high-frequency trading and liquidity provision, capable of executing tens of thousands of trades per second. Its business spans proprietary trading, market data distribution and trading technology services, and it has obtained a Kalshi data distributor license.

Digital Asset Insurer Soter Insure's Series B Draws Investment from SC Ventures and SBI Group

Soter Insure, an insurance company focused on the digital asset economy, announced that SC Ventures, the innovation and venture investment arm of Standard Chartered, and Japanese financial group SBI Group participated as strategic investors in its Series B, with existing investor Token Bay Capital adding to its investment. Galaxy had previously led the round, which also included Coinbase Ventures, Franklin Templeton and Brevan Howard Digital.

Soter Insure will use the proceeds to expand its insurance underwriting capacity, deepen its underwriting and technical capabilities, and accelerate expansion into Asia-Pacific (building on its Hong Kong operations), Europe and the U.S. market. Headquartered in Abu Dhabi with operations centered in Bermuda, the company focuses on providing digital asset-related insurance products to financial institutions.

M&A

Stablecoin Payment Provider Yellow Card Completes Acquisition of Brazilian Virtual Asset Service Provider GoMoney, Officially Entering Brazil

According to a Yellow Card announcement, the company completed its acquisition of Brazilian virtual asset service provider GoMoney in October; the transaction amount was not disclosed. Founded in 2018 and headquartered in São Paulo, GoMoney will continue to operate as a wholly owned Yellow Card subsidiary run by its founding team. The acquisition allows Yellow Card to conduct business directly in Brazil for the first time, offering clients local Brazilian real collection and payment services, including Pix, settled in stablecoins. GoMoney has applied to the Central Bank of Brazil for a virtual asset service provider license and continues to operate under a transitional regime while the application is pending.

Aave Labs Acquires Avon Team and Technology to Advance Fixed-Rate Lending

Aave Labs has acquired the team and technology of on-chain lending protocol Avon to advance fixed-rate lending on its on-chain lending network; the transaction amount was not disclosed. The acquisition includes Avon's fixed- and floating-rate lending protocol, on-chain order book, domain name and related assets; Avon founders Prince Sinha and Ayush Kaul will join Aave Labs' engineering team, and Omar el-Ashaal will join its business development team. Aave Labs CEO Stani Kulechov said the Avon team will help Aave serve global institutions, fintech companies and ordinary users, initially focusing on fixed-rate lending. According to the company, Aave currently has more than $30 billion in deposits and more than $12 billion in active loans.

Selected AI Fundraising

Models & Infrastructure

OpenAI Completes $11B Financing at a $1.25T Valuation

According to Bloomberg, citing people familiar with the matter, OpenAI has completed the first $11 billion tranche of a new funding round at a $1.25 trillion valuation, with the funds arriving on Friday. Investors in the first tranche include Coatue Management and T. Rowe Price, while other investors include SoftBank Group, Sequoia Capital, Founders Fund and Andreessen Horowitz. The round may later be expanded to about $20 billion. The company had originally planned to raise more than $30 billion at a valuation of about $1.4 trillion, but later lowered its targets as AI-related U.S. stocks came under pressure. OpenAI's previous round was about $122 billion at a valuation of about $852 billion.

AI Inference Startup Fal Completes New Round, Valuation Rises to $16B

Fal, an AI inference startup that hosts image, video and audio models for creators and developers, completed a new $1.3 billion round, doubling its valuation to $16 billion from $8 billion in April this year. The round was led by Bessemer Venture Partners, with Nvidia, Sound Ventures, HOF Capital, T. Rowe Price and others participating. Fal's official blog shows that this is a Series F round, following its Series E round led by Sequoia Capital ($350 million in April this year). According to people familiar with the matter, Fal's annualized revenue had already reached $800 million earlier this year.

AI Applications & Agents

AI Agent Data Security Company Sentra Completes $150M Series C Led by Capital One Ventures

AI agent data security company Sentra announced the completion of a $150 million Series C led by Capital One Ventures, with existing shareholders including Bessemer Venture Partners, Zeev Ventures, Standard Investments, Munich Re Ventures and Key1 Capital following on, and Capital One will appoint a representative to the board. Sentra said it grew more than 300% year over year over the past year, and the new funds will be used to expand AI agent data access controls and data-at-rest protection capabilities and to open up new markets. Sentra has raised more than $250 million in total.

Berlin Fintech Pliant Completes $80M Series C Led by Seaya Nova and Speedinvest

According to a Pliant announcement, the company completed an $80 million Series C led by Seaya Nova and Speedinvest, with Illuminate Financial, Motive Ventures and Molten participating. The funds will be used for expansion in the U.S. and Canada, entry into more international markets and to accelerate its AI payments roadmap; the company said it has doubled its business for three consecutive years, surpassed $100 million in annual recurring revenue, and can open its B2B payments infrastructure to external AI agents such as Claude and ChatGPT via the Model Context Protocol (MCP).

Physical AI

Drone Delivery Company Zipline Completes $1.5B Round at a $21.5B Valuation, Led by Paradigm and Others

Drone delivery company Zipline completed a new $1.5 billion round at a post-money valuation of $21.5 billion, about 2.8 times its $7.6 billion valuation in January this year. The round was led by Paradigm, WCM Investment Management and Layer Global, with Valor Equity Partners, Fidelity (Fidelity Management & Research Company), Uber, Tiger Global, JPMorgan, ARK Invest and Salesforce Ventures participating; the funds will be used for U.S. manufacturing and hiring. In addition, Walmart signed a nationwide multi-year agreement with Zipline that will add 300 drone delivery sites.

RoboScience Completes Series A2 Round in the Hundreds of Millions of Yuan

RoboScience announced the completion of a Series A2 round in the hundreds of millions of yuan, co-led by Amber Capital, Hongruida Investment and Shanghai Semiconductor Industry Investment, with Shuang Capital, 360 Strategic Investment, Guolian Tongbao, Jinding Capital and several listed-company platforms participating.

M&A

Shield AI to Acquire Echodyne for $5.3B, Valuation to Reach $28.8B

U.S. defense tech startup Shield AI plans to acquire radar sensor company Echodyne for $5.3 billion, comprising $4.8 billion in cash and equity plus an additional $500 million contingent on Echodyne hitting milestones. Shield AI will simultaneously raise $2.5 billion in new funding to support the acquisition, including $1 billion in structured equity financing from Blackstone and $500 million in debt financing from JPMorgan; together with a previously completed $1 billion Series H, the company's valuation will reach $28.8 billion, more than double its $12.7 billion valuation in March. The funding will be in place after the acquisition closes. Founded in 2015, Shield AI mainly develops Hivemind, an AI software system for autonomous aircraft.

Meta Acquires AI Coding Startup Conductor, Doubling Down on the Agentic Coding Sector

Meta has acquired AI coding startup Conductor. Conductor developed an AI coding tool that lets users launch and advance multiple software projects simultaneously by deploying AI agents across multiple parallel workspaces. Conductor founder and CEO Charlie Holtz announced the news in a post on Wednesday, saying the company is planning for the next generation of interaction interfaces and will share new progress early next year. Meta confirmed the acquisition to TechCrunch but did not disclose details of the deal.

Factory Acquires Coding Agent Platform HumanLayer, Product to Be Open-Sourced

According to a Factory announcement, enterprise AI software engineering company Factory announced the acquisition of coding agent collaboration platform HumanLayer, with co-founders Dex Horthy and Kyle Mistele joining; the HumanLayer platform will be open-sourced, and during the transition users can export their data, migrate to Factory or self-host the open-source version.

OpenAI to Acquire Developer Tools Startup Pierre Computer

According to Axios, OpenAI will acquire developer tools startup Pierre Computer. The startup's technology had already been integrated into OpenAI's code generation model Codex. As AI agents take on more and more programming work, OpenAI is joining the ranks of those challenging Microsoft's GitHub.

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