The Daily Deal
Monday 19 October 2026
Microsoft exits Nscale's UK site before $35B IPO
- Chart of the day A new industry now sells data to the AI labs.
- Just raised DiffuSpace $27.5M, The Pant Project $14.8M, Authors First $10M.
- In the news Microsoft exits Nscale's UK site weeks before $35B IPO push, and two more stories.
Chart of the day
Open the chartA new industry now sells data to the AI labs
Every AI lab needs data, and a whole industry has sprung up to sell it: 109 of the 159 vendors didn't exist before 2023. Scale leads at a $29B valuation.
Just raised
All funding news-
DiffuSpaceShenzhen$27.5M Early VCDiffusion language models for next-generation AI intelligence. Led by Matrix Partners China and Shunwei Capital.
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The Pant ProjectMumbai$14.8M Series BCustom-made pants for men featuring premium fabrics and personalized fit for formal, casual, and adventure wear. Led by Mirae Asset Venture Investments (India).
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Authors FirstNew York$10M SeedAI-enabled book-to-screen studio with author-led creative control. Backed by Andy Mills and Brand Foundry Ventures.
By country
- US$61B
- South Korea$2.7B
- China$1.6B
- India$1.3B
- UK$1B
- Spain$643M
By sector
- Enterprise$55B
- Health$6.2B
- Fintech$5.2B
- Hosting$4.4B
- Energy$2.9B
- Food$2.9B
$72B across 775 rounds in October so far, by headquarters and by sector.
In the news
View all news stories- Microsoft exits Nscale's UK site weeks before $35B IPO push
Microsoft has pulled out of its role as anchor tenant at Nscale's flagship UK data centre in Loughton, Essex, just as the British neocloud chases a New York Stock Exchange listing that could value it at up to $35 billion.
- 29 AI 'neolabs' have raised $23B — most have nothing to sell
Twenty-nine AI "neolabs" — startups founded by researchers who left established model-makers — have raised a combined $23 billion, according to a count by venture firm Radical Ventures.
- Anthropic's AI agents outwork staff 6-to-1 as junior tech hiring collapses
AI agents at Anthropic worked six times as many hours as human employees by August 2026, according to a new report from the company's own researchers.
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