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Monday 19 October 2026

Microsoft exits Nscale's UK site before $35B IPO

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A new industry now sells data to the AI labs

A new industry now sells data to the AI labs. 159 vendors of training data, human data, RL environments and evals that sell to the AI labs, from Secludy’s Who Sells Data register with Dealroom funding and valuations.

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

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  • DiffuSpaceShenzhen$27.5M Early VC

    Diffusion language models for next-generation AI intelligence. Led by Matrix Partners China and Shunwei Capital.

  • The Pant ProjectMumbai$14.8M Series B

    Custom-made pants for men featuring premium fabrics and personalized fit for formal, casual, and adventure wear. Led by Mirae Asset Venture Investments (India).

  • Authors FirstNew York$10M Seed

    AI-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.

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