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Thursday 1 October 2026

Meshy hits $100M ARR, first AI 3D firm to reach milestone

Chart of the day

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UK fintech funding has shifted from consumers to businesses since 2016. UK fintech venture funding split between companies selling only to businesses, only to consumers, and to both, 2016 to 2026.

UK fintech venture funding from 2016 to 2026, split between companies selling only to businesses, only to consumers, or to both. Business-only fintech went from 47% of the money to 88%, while consumer-only fell from 44% to 5%, or $2.8B in 2021 to $0.11B so far in 2026.

Just raised

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  • Simple EnergyBengaluru$238M Series C

    Building the Next Generation Electric Scooter. Backed by Dr. A Velumani Family Office and Ankit Gupta..

  • CScalePalo Alto$145M Series C

    Optical interconnect for reliable gigawatt-scale AI infrastructure. Backed by Atreides Management and Premji Invest.

  • ONOMONDOTaastrup$110M Late VC

    A global cellular operator that offers wireless network for Internet of Things (IoT) devices. Backed by Aspirity Partners and Export and Investment Fund of Denmark.

By country

  • US$71B
  • China$6.4B
  • France$4.8B
  • UK$3.6B
  • India$1.3B
  • Netherlands$1.1B

By sector

  • Enterprise software$50B
  • Health$9.3B
  • Security$7.9B
  • Energy$7.8B
  • Semiconductors$6.9B
  • Transportation$6.9B

$97B across 2,051 rounds in September, by headquarters and by sector.

  • Patient information portal helping hospitals prepare patients for medical procedures.

    TSRRThomas Skledar & Rolf Reiterer founded it. Skledar worked at Hellmut Habel Gesellschaft m.b.H.. Reiterer studied at University of Graz.

  • AirbuildVienna

    AI platform that turns plain-language descriptions into production-ready software.

    JBTGVKJulian Breitenecker, Thomas Grausgruber & Vladyslav Kostiushko founded it. Breitenecker previously founded Fox Education and FoxEducation.

  • AI platform for automating offensive security engagements.

    SCSean C. founded it after working at PRISM and ThriveDX.

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