It’s Thursday, October 2, 2025, and we’re back with the top startup and tech funding news making waves today. From billion-dollar AI infrastructure plays to fintech, healthcare, and smart city deeptech, investors continued to back both seasoned scale-ups and ambitious early-stage innovators.
Today’s highlights feature Nscale’s $433 million pre-Series C SAFE to expand its sovereign GPU cloud, Filevine’s $400 million dual-round to accelerate its AI-powered legal platform, and DualEntry’s $90 million Series A to transform ERP migrations with AI. Healthcare also took the spotlight with Assort Health raising $76 million to automate clinical call centers and DermaSensor adding $16 million to commercialize its FDA-cleared skin cancer device. Globally, EchoTwin AI, TiHive, and OpusFlow secured fresh rounds to advance smart cities, terahertz quality control, and renewable energy software.
Funding Highlights
Nscale raised $433 million to expand its global AI infrastructure capacity.
Filevine secured $400 million across two rounds to grow its AI legal case management system.
DualEntry landed $90 million Series A to speed ERP migration and automation.
Assort Health closed $76 million in Series B funding to scale AI voice agents in healthcare.
Baselane raised $34.4 million in Series B funding to grow its fintech platform for landlords.
Dash0 and Oneleet collectively raised $68 million to strengthen observability and security compliance.
DermaSensor added $16 million to advance AI skin cancer screening devices.
EchoTwin AI, TiHive, OpusFlow, Kihealth, and SocialPost.ai rounded out the day with early-stage funding across smart infrastructure, industrial AI, clean energy, diagnostics, and AI-driven marketing.
Investor Activity
The day’s financings drew heavy participation from top global investors, including Lightspeed, Accel, Khosla Ventures, Insight Partners, and Dawn Capital. Corporate and strategic players like Dell, NVIDIA, and Nokia also joined rounds, signaling deep conviction in the AI infrastructure race. Meanwhile, early-stage backers such as Felicis, First Round Capital, and Ember VC anchored high-growth bets in healthcare AI, fintech, and consumer platforms.
Together, these deals show that investor appetite remains strong across AI infrastructure, legal tech, healthcare, and energy transition — the sectors defining the next wave of innovation.
Here’s the full breakdown. Until tomorrow, have a great evening.
Nscale Announces $433M Pre-Series C SAFE Funding for AI Infrastructure
Nscale, a UK-based AI infrastructure startup, announced the closing of a $433 million pre-Series C SAFE round, reinforcing momentum after its recent $1.1 billion Series B. The financing was backed by key investors, including Blue Owl Managed Funds, Dell, NVIDIA, and Nokia. Nscale provides sovereign, large-scale GPU cloud infrastructure for the enterprise AI market, and the new capital will fuel its expansion of data center capacity and AI services globally.
This funding comes just days after Nscale’s historic Series B, underscoring strong investor confidence in its vision to power the AI era.
Nscale’s origin story is unconventional. The company spun out of Arkon Energy, an Australian crypto mining firm, in 2023 to meet the rising demand for AI-grade data centers. By May 2024, it emerged from stealth and, within twelve months, was partnering with some of the biggest names in tech.
Now the company is putting billions behind hard infrastructure. In Norway, Nscale is investing $1 billion to build a site equipped with 100,000 Nvidia GPUs before 2027. In the U.K., it plans to open a new data center early next year with 8,000 GPUs, eventually scaling to more than 30,000. These projects are part of OpenAI’s Stargate initiative, which aims to expand the training capacity of its future models.
Funding Details:
Startup: Nscale
Investors: Blue Owl Managed Funds (lead), Dell, NVIDIA, Nokia, plus existing and new backers
Amount Raised: $433 million
Total Raised: ~$1.533 billion (including prior $1.1 B Series B)
Funding Stage: Pre-Series C SAFE
Funding Date: October 1, 2025
Filevine Secures $400M Funding to Expand AI-Powered Legal System
Filevine, a Salt Lake City-based legal tech startup, has raised $400 million in funding across two rounds to accelerate its AI-driven case management platform. This includes a $150 million financing led by Insight Partners and a $260 million round co-led by Accel and Halo Fund, with participation from Meritech Capital, StepStone, Run Ventures, and Album Ventures.
Filevine’s software helps law firms automate workflows and analytics. The new influx of capital will support continued product innovation and growth in the booming legal software market. Filevine’s “legal operating system” is used by nearly 6,000 law firms and 100,000 legal professionals to automate case management and analytics
Funding Details:
Startup: Filevine
Investors: Insight Partners (lead), Accel (lead), Halo Fund (lead), Meritech Capital, StepStone, Run Ventures, Album Ventures
Amount Raised: $400 million (aggregate of two rounds)
Total Raised: $400 million
Funding Stage: Venture (multiple rounds, Series E & F)
Funding Date: October 2, 2025
DualEntry Raises $90M in Series A Funding for AI-Driven ERP Migration
DualEntry, a New York-based enterprise software startup, has raised $90 million in a Series A round to deepen its AI-native ERP platform’s market push. The financing was led by Lightspeed Venture Partners and Khosla Ventures, with Google Ventures (GV) also participating, valuing the one-year-old company at $415 million. DualEntry’s platform automates financial system migrations and reporting: it can transfer a company’s financial data from old systems to its AI-driven platform in as little as 24 hours.
The startup plans to use the funding to expand its roughly 40-person team, speed up product development, and pursue international growth in the large ERP market.
Founded just over a year ago, DualEntry has already made a dent in the $500 billion ERP market by automating financial workflows and cutting implementation times from months or years to a single day. The platform has processed over $100 billion in journal entries and now handles 250 billion records monthly across 50+ countries.
Funding Details:
Startup: DualEntry
Investors: Lightspeed Venture Partners (lead), Khosla Ventures (lead), Google Ventures (GV)
Amount Raised: $90 million
Total Raised: $90 million
Funding Stage: Series A
Funding Date: October 2, 2025
Assort Health Raises $76M in Series B Funding for Healthcare Voice AI
Assort Health, a Palo Alto startup automating healthcare call centers with voice AI, has raised $76 million in a Series B financing. The round was led by Lightspeed Venture Partners, with participation from Felicis, First Round Capital, Capital A (Chemistry), Liquid2 Ventures, and Quiet Capital. This brings Assort’s total funding to $102 million.
Assort embeds specialty-specific AI agents into clinics’ call centers to handle patient scheduling and inquiries; its ‘AssortOS’ platform plugs into electronic health record systems to automate patient engagement. The new capital will be used to grow the team and expand the platform’s deployment in healthcare organizations.
Funding Details:
Startup: Assort Health
Investors: Lightspeed Venture Partners (lead), Felicis, First Round Capital, Capital A (Chemistry), Liquid2 Ventures, Quiet Capital
Amount Raised: $76 million
Total Raised: $102 million
Funding Stage: Series B
Funding Date: October 2, 2025
Baselane Raises $34.4M in Series B Funding for Real Estate Fintech
Baselane, a banking and financial platform for real estate investors, announced $34.4 million in new funding and the launch of an AI-driven tool suite. The financing includes a $20 million Series B led by Thomvest Ventures and a previously undisclosed $14.4 million Series A led by Matrix Partners. The Los Angeles startup has grown rapidly since its 2022 launch and now serves tens of thousands of landlords. Baselane will use the capital to scale its go-to-market efforts and deploy Baselane Smart, its new subscription AI suite for automating rent collection, bookkeeping, and other landlord tasks. Baselane has raised $44.3 million to date.
Funding Details:
Startup: Baselane
Investors: Thomvest Ventures (Series B lead), Matrix Partners (Series A lead), Diagram Ventures, Starwood Capital, Parameter Ventures, Activant Capital, RXR ARDEN, Watershed Ventures
Amount Raised: $34.4 million (Series B plus Series A extension)
Total Raised: $44.3 million
Funding Stage: Series B
Funding Date: October 2, 2025
Dash0 Raises $35M in Series A Funding for AI Observability Platform
Dash0, a New York startup building AI-native observability tools, raised $35 million in a Series A funding. The round was co-led by Accel and Cherry Ventures, with participation from existing investor DIG Ventures. Dash0’s platform, centered on its ‘Agent0’ AI assistant, automates incident analysis and remediation in software operations.
The founders, alumni of Instana, aim to use the funding to expand in the US and Europe and accelerate R&D on turning monitoring insights into real-time fixes. Dash0 launched just nine months ago and has already signed hundreds of customers on its platform.
Funding Details:
Startup: Dash0
Investors: Accel (lead), Cherry Ventures (lead), DIG Ventures
Amount Raised: $35 million
Total Raised: $35 million
Funding Stage: Series A
Funding Date: October 2, 2025
Oneleet Raises $33M in Series A Funding for Security Compliance Platform
Oneleet, an all-in-one security compliance platform, announced a $33 million Series A funding round for security compliance platform. The round was led by Dawn Capital, with participation from Y Combinator and notable angel investors including Arash Ferdowsi and Frank Slootman. The San Francisco startup helps companies automate and accelerate obtaining security certifications.
Oneleet plans to use the funds to scale its product and support a rapidly growing customer base. With this round, Oneleet has now raised $35 million in total.
Funding Details:
Startup: Oneleet
Investors: Dawn Capital (lead), Y Combinator, Arash Ferdowsi, Frank Slootman
Amount Raised: $33 million
Total Raised: $35 million
Funding Stage: Series A
Funding Date: October 2, 2025
DermaSensor Raises $16M in Series B Funding for AI Skin Cancer Screening
DermaSensor, a Miami-based medical device startup, has raised $16 million in a Series B round to expand its AI-powered skin cancer detection device. The round included major existing investors as well as new backers: Pier 70 Ventures, Kern Venture Group, GenHenn Capital, and an undisclosed strategic investor. DermaSensor’s FDA-cleared device provides a handheld, point-and-click melanoma screening tool for primary care doctors. Proceeds will fund commercialization and pipeline development. With this financing, DermaSensor’s total funding to date is $43 million.
Funding Details:
Startup: DermaSensor
Investors: Pier 70 Ventures, Kern Venture Group, GenHenn Capital, (undisclosed strategic investor)
Amount Raised: $16 million
Total Raised: $43 million
Funding Stage: Series B
Funding Date: October 2, 2025
EchoTwin AI Closes $8M in Seed Funding for Smart City Infrastructure
EchoTwin AI, a Singapore deeptech spinout, closed an $8 million seed funding round led by Metis Ventures. The startup’s platform transforms municipal fleets into mobile AI sensors, creating digital twins of city infrastructure for predictive maintenance. By retrofitting vehicles with its AI-powered technology, EchoTwin aims to enable smart-city management of roads, sewers, and utilities. The fresh seed capital will accelerate EchoTwin’s U.S. and Asia-Pacific expansion and deepen its R&D in infrastructure AI.
Funding Details:
Startup: EchoTwin AI
Investors: Metis Ventures (lead)
Amount Raised: $8 million
Total Raised: $8 million
Funding Stage: Seed
Funding Date: October 2, 2025
TiHive Raises €8M in Funding to Expand Terahertz-AI Quality Control
TiHive, a Grenoble-based industrial AI startup, raised €8 million to accelerate its terahertz and AI-powered inspection systems. The round was backed by venture firm Karista, deeptech investor Wind, and the European Innovation Council (EIC) Fund. TiHive’s technology integrates terahertz-on-silicon imaging and AI analytics to spot defects and material issues in manufacturing (e.g., diapers, textiles) that elude conventional sensors. The new funding will support TiHive’s global rollout and R&D on next-generation terahertz chips with a broader spectral range.
Funding Details:
Startup: TiHive
Investors: Karista, Wind Ventures, EIC Fund (European Innovation Council)
Amount Raised: €8 million
Total Raised: €8 million
Funding Stage: Venture (Series A)
Funding Date: October 2, 2025