Startup funding drops below $100 million; deep tech companies aim for global markets
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Startup funding drops below $100 million; deep tech companies aim for global markets

Despite the AI boom stimulating data center expansion, local communities in the UK are expressing concern over noise pollution, emissions, and reduced sunlight, highlighting the environmental costs of AI development. Hundreds of such facilities are planned across the UK, fueling a debate over who benefits and who bears the costs.

Concurrently, the discovery of two critical vulnerabilities in PHP has put millions of websites and servers at risk of cyberattacks. These flaws went unnoticed for years, triggering an urgent patching campaign. Experts warn that AI could facilitate the discovery and exploitation of such weaknesses.

In the AI sector, the company Block, co-founded by Jack Dorsey, unveiled the Dessa voice model. This model is capable of capturing human nuances, such as pauses and laughter, while simultaneously listening and speaking on consumer hardware. However, it is currently undergoing testing by AI security researchers before a wider release.

Other news reports indicate that five companies plan to conduct IPOs between October 26 and 29 to raise nearly 2,600 crore rupees. Among the companies participating in the IPO process is Swara Baby Products, supported by Brainbees Solutions, the parent company of FirstCry, which is expected to announce its launch plans by November 5. These upcoming listings occur amid active primary market activity, as 104 companies have raised over 1.4 lakh crore rupees through IPOs in 2026 to date.

Key takeaways from the Indian startup market

In the third week of October, venture funding for Indian startups sharply declined due to a slowdown in deal activity and a shortage of large transactions. Startups raised $96 million across 15 deals, lower than the $180 million recorded the previous week. As major funding rounds remain limited, the ecosystem is hoping for a revival in 2027.

It is emphasized that India's deep tech ecosystem is gaining momentum thanks to improved government support, policy initiatives, and access to capital. Nevertheless, challenges persist related to talent shortages, funding gaps, and weaknesses in the manufacturing ecosystem. According to industry experts at the TechSparks 2026 event, Indian deep tech startups need to build self-confidence and focus on global markets for scaling.

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Startup Clueso, which creates videos using agents, raised $10 million in Series A round
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Startup Clueso, which creates videos using agents, raised $10 million in Series A round

Clueso, a business-oriented platform for creating videos using agents, has raised $10 million in a Series A funding round. The round was led by Dharana Capital, with new investors including Founders Future and Neotribe Ventures. Y Combinator and f7 Ventures also participated in the round.

Thanks to this round, the total amount of funds raised reached $12 million. The startup was founded in 2023 by individuals such as Akash Anand, Prajwal Prakash, and Neel Balar, and it has offices in California and Bangalore.

The raised funds are planned to be used to expand the company's reach in the corporate market, deepen agent functionality, and improve editing capabilities. Over a thousand companies use the Clueso platform to create video materials intended for marketing, customer support, training, onboarding new employees, and other needs.

Among Clueso's clients are Atlassian, Zendesk, Gainsight, GlobalPartners, Seismic, and Ironclad. The company claims that users report productivity increases of more than five times and an 80% reduction in video production costs.

Co-founder and CEO of Clueso, Akash Anand, noted that initially, the company helped teams interacting with customers create product training materials faster. He added: 'We quickly discovered the same problem in marketing, sales, training, and internal documentation. This allowed us to realize that the possibilities are much broader. Today, Clueso functions as an AI-powered video production team that any employee or team in an organization can rely on to handle tasks related to creating, editing, and maintaining videos as the business evolves.'

Clueso develops AI agents capable of understanding a company's products, processes, brand, and context, using this knowledge to create and maintain video content within the organization.

Vamsi Duvvuri, founder and managing partner of Dharana Capital, stated: 'With the development of AI, video is transforming from static media files into living, context-aware assets that continuously adapt as business processes and products change. Clueso is creating the infrastructure that enables this transition.'

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