Top 5 VC Deals of the Week in AI (10/28/26)

By Christopher Robbins · Oct 29, 2026 Views: 2,724

Our Top 5 VC Deals of the Week in AI featured funding announcements from Flapping Airplanes, Bedrock Robotics, Legora, Pathos AI, and Tractian

This week we continue our series on the top 5 VC-funded deals in AI.

This week our overall AI venture capital activity lost some momentum from recent weeks, with all five of our listed announcements coming in over $130 million and seven announcements total coming in over $100 million.

The biggest announcement, per FinSMEs, came from San Francisco-based Flapping Airplanes, an AI infrastructure and training provider, which raised $1 billion in a Series A to "accelerate its core machine learning research pipelines, expand its deep-tech engineering workforce, scale its software infrastructure testing, and commercialize its custom operational software stack," according to its announcement. Our second-place announcement was from San Francisco-based autonomous heavy equipment developer Bedrock Robotics, which raised $600 million in a Series C to "accelerate the volume of Bedrock-equipped machines across commercial construction sites in the U.S., expand deployments of fully autonomous machines with more contractors, and build the field, commercial, and operational infrastructure required for autonomy," according to its announcement. Rounding out the top 5 are announcements from the lawtech, biotech and physical AI spaces.

Smaller funding raises that did not quite make our top 5 this week included announcements from the data analytics, AI infrastructure, and wealthtech sectors.

Below, we highlight the top five venture capital deals, ranked from the highest to the lowest funding amounts, showcasing the companies at the forefront of the AI revolution...

Top 5 Venture Capital Deals from Oct. 22 - Oct. 28

1. Flapping Airplanes

Company Location: San Francisco, CA
Description: Developer of compute-efficient AI training software and chip optimization infrastructure designed to improve the performance and efficiency of artificial intelligence systems while reducing the computational resources required to train advanced models.
Funding Amount: $1 billion
Funding Round: Series A
Valuation: $6 billion post-money

2. Bedrock Robotics

Company Location: San Francisco, CA
Description: Provider of autonomous systems for heavy equipment, developing artificial intelligence technologies that enable industrial machinery to perform complex physical tasks with reduced human intervention.
Funding Amount: $600 million
Funding Round: Series C
Valuation: $4.1 billion

3. Legora

Company Location: Stockholm, Sweden
Description: Provider of an agentic operating system for legal professionals, using artificial intelligence to support legal research, document analysis, drafting and other workflows within law firms and corporate legal departments.
Funding Amount: $550 million
Funding Round: Series E
Valuation: $8.8 billion post-money

4. Pathos AI

Company Location: New York City, NY
Description: Clinical-stage artificial intelligence and technology-driven drug development company applying AI and advanced computational methods to pharmaceutical research and the development of new therapies.
Funding Amount: $237 million
Funding Round: Series E
Valuation: Approximately $3 billion post-money

5. Tractian

Company Location: Atlanta, GA
Description: Provider of a Physical AI platform for asset-heavy industries, helping organizations monitor industrial equipment, analyze operational data, improve maintenance processes and optimize the performance of physical assets.
Funding Amount: $130 million
Funding Round: Series D
Valuation: $1.4 billion

Make sure to check out our Top 5 VC Deals of the Week in AI right here!

Written & Researched by DWN Staff

VC Deals Synopsized by ChatGPT Research Source: FinSMEs