TrustList daily digest · Funding and deals

Friday, 23 October 2026

Funding and deals: the stories TrustList published on this day, each in a line of our own. Open a story for the whole piece and its sources.

Funding and deals5

1Funding news
Tractian raises $130m Series D at $1.4bn for machine-health AI
Sapphire Ventures leads again, with M&G's Catalyst co-leading. The Atlanta company, with offices in São Paulo, Monterrey and Poland, combines its own sensors with an agent that diagnoses failing machines.
2Funding news
Cognitive Credit raises $40m from Summit Partners for credit data AI
The London credit analytics firm, already used by most of the 25 largest asset managers, will push into the US and launch DealConnect for private issuers that report through data rooms.
3Funding news
Syncrowin raises A$3m led by Collide Capital for industrial AI
The Melbourne start-up builds what it calls an AI operating system for energy and manufacturing sites. Hustle Fund, POV Ventures, Co-Ventures and Ventari joined the oversubscribed round.
4Funding news
Kevel raises $52m to scale retail media ad infrastructure
Fulcrum Equity Partners, dunnhumby Ventures and Iberis Capital invest again, with growth capital from ORIX USA. The Durham company, whose API runs Tesco's and John Lewis's ad networks, has now raised over $100m.
5Funding news
Mave emerges with $34m to run SecOps across existing security tools
A $28m Series A led by Red Dot Capital Partners follows a $6m seed from Dell Technologies Capital and Emerge. The Israeli company says it already runs in more than 200 security operations centres.

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