Startup news, 15 October 2026
5 briefs
Tonbo Imaging raises ₹255 Cr from anchor investors ahead of IPO
Tonbo Imaging, the defence technology startup, has raised ₹255 crore from anchor investors ahead of its ₹852 crore initial public offering, which opens for bidding on October 15. The round, reported…
Reported by inc42.com
Prime Intellect acquires Seattle AI startup Moondream for inference tech
Prime Intellect, the $1 billion AI cloud company, has acquired Moondream, a Seattle-based vision AI startup founded by former AWS engineers Jay Allen and Vik Korrapati. The acquisition targets…
Reported by geekwire.com
Former Apple engineers launch adhesive-free health tracker for watches
Former Apple engineers have launched Hiyd, a health tracker designed to attach to a user’s existing watch without magnets or adhesives. The device, recently highlighted in media coverage, aims to…
Reported by techcrunch.com
Canada doubles down on AI with $700M regional fund
The federal government has increased its regional AI initiative to $700 million, adding a $500 million top-up to the original commitment. The funds are earmarked for AI adoption and…
Reported by betakit.com
Modal Labs raises $750M at $15.7B valuation
AI infrastructure startup Modal Labs has raised $750 million at a $15.7 billion valuation. The round, reported by MSN, appears to reflect a slight premium over recent high-profile AI funding rounds…
Reported by msn.com