Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.
Energy Transfer LP has formally committed to building a $1.6 billion natural-gas pipeline, Bloomberg reports. The pipeline will move fuel from eastern Louisiana across Mississippi as data centers and export terminals increase demand for natural gas.
Meta Platforms is marketing US dollar bonds as part of a plan to raise at least $20 billion in debt in the US and Europe to fund artificial intelligence infrastructure, Bloomberg reported.
Fourthline and Veridas completed their merger on Tuesday, creating an identity verification group led by Fourthline chief executive Paul Stoddart.
Corridian emerged from stealth Tuesday with a $38 million seed round led by Point72 Ventures, according to the company's announcement. Balerion Space Ventures, Harpoon Ventures, DCVC and Marlinspike also participated.
Journify announced a $12 million Series A led by Al Mada Ventures and co-led by returning investor Silicon Badia. The company says the funding will support expansion into the US and Europe and develop the AI behind its advertising data platform.