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AI startups raise $2.4 billion in a week, led by Deel and Reducto
Weekly AI funding hit $2.
AI startups collectively raised $2.4 billion during October 12–19, with Deel’s valuation reaching $17.3 billion and Reducto securing $75 million for document-AI tools. Funding activity was broad-based across enterprise AI, data infrastructure, and fintech automation. Investors cited rapid monetization pathways and strong gross margins. Analysts expect deal momentum to remain firm into Q4 as late-stage rounds reopen and crossover funds re-engage.