startups

September 30, 2026

• Reco raises $55M for AI-agent security

  Reco raised a $55 million funding extension for its AI-agent security platform, according to TechCrunch. The company says the financing brings total capital raised to $140 million and that it has more than 100 customers.

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• Modal Labs is reported to be nearing a $750M funding round

  TechCrunch reports that AI-inference provider Modal Labs is nearing a $750 million round led by Accel at a $15.75 billion valuation. Modal declined to comment, so the reported round is not confirmed as closed.

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• Peak XV raises its Surge seed ceiling to $5M

  Peak XV's latest Surge cohort includes 18 startups and allows investments of up to $5 million, up from $3 million. TechCrunch reports that the firm invested more than $50 million across the cohort, which includes several AI companies.

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