{
  "id": 15009123,
  "title": "The Week’s 10 Biggest Funding Rounds: Spending Contracts For Latest AI-Driven Startup Batch",
  "url": "https://urgent.news/2026/10/16/the-weeks-10-biggest-funding-rounds-spending-contracts-for-latest-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-16T17:57:38.000Z",
  "source": {
    "name": "Crunchbase News",
    "slug": "crunchbase-news",
    "url": "https://news.crunchbase.com/venture/biggest-funding-rounds-investors-scaled-back-ai-biotech-modal/"
  },
  "original_language": "en",
  "account": "This week's top three funding rounds went to AI infrastructure provider Modal Labs, which secured $750 million in a Series D round led by Accel. Construction automation company Icon followed with $200 million in Series D funding from Baillie Gifford and BlackRock. Biotech company Soufflé Therapeutics raised $135 million in Series B financing led by Juvia Group.",
  "summary": "Startup investors aren’t exactly hitting pause, but they did scale back on giant rounds this past week, with just two startup financings in the multiple hundreds of millions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}