The artificial intelligence, fintech, travel technology, and insurance sectors saw fresh funding on October 21 and 22, with startups and AI companies securing capital to expand operations, strengthen technology, and pursue new growth opportunities.
Mural raised USD 15 million in a Series A round led by Tether, while enterprise AI startup AuxoAI secured USD 20.7 million. Travel technology company TravClan raised USD 5 million, DeepSeek reportedly attracted around USD 15 billion in funding, and Slingshot Insurance secured USD 27 million in seed financing.
Mural Raises USD 15 Million to Build AI Payment Infrastructure
Mural raised USD 15 million in its Series A round, led by Tether, with North Island Ventures and other existing investors joining.
The funds will be used to scale Mural’s payment infrastructure for AI agents, enabling them to conduct transactions securely. The platform offers functionalities for account management, payments, identity verification, compliance, transaction limits, counterparty limits, and approvals.
As AI agents conduct more transactions, a payment infrastructure that lets businesses control permissions and set spending limits has become essential.
AuxoAI Secures USD 20.7 Million in Series A Funding
Enterprise AI startup AuxoAI received USD 20.7 million in Series A funding, backed by NTTVC. Other investors included George Still Jr., Amit Zavery, and Giacomo Sonnino.
This financing will enable the company to expand its global team of AI experts, develop proprietary technology, and scale AI delivery. The startup also intends to develop its business reach, forge strategic alliances, and implement enterprise AI globally.
The fundraising comes amid growing interest in AI adoption, creating an ever-growing need for expert teams and technologies that can apply AI in enterprise settings.
TravClan Raises USD 5 Million to Expand AI-Driven Travel Technology
Travel technology startup TravClan secured USD 5 million from Flipkart, August One and Trifecta Capital. The latter provided debt financing. Its current investors include Leo Capital, The Ventures, Hashed and angels.
This financing will allow TravClan to develop its AI-driven travel technology, forge alliances with hotel and activity partners internationally, and scale its destination operations in key markets.
DeepSeek Reportedly Raises Around USD 15 Billion
Chinese AI company DeepSeek reportedly secured around USD 15 billion in funding, with Tencent Holdings, Contemporary Amperex Technology Co. Ltd. (CATL) and other undisclosed investors named among the participants.
The reported capital is expected to support data center infrastructure, computing capacity, and open-source AI model development. The investment could also help DeepSeek compete with US AI companies, including OpenAI and Anthropic. However, the reported funding details and potential IPO plans require further confirmation.
Also Read: Fintech Startup Funding: How Investors Evaluate Deals in a Tough Market
Slingshot Insurance Raises USD 27 Million in Seed Round
Slingshot Insurance has raised a USD 27 million seed round from Rally Ventures and Skyward Group, in partnership with Jim Hays and other insurance industry experts.
The funding will help the company develop its AI-enabled embedded insurance solution, automate data exchange and administrative processes between insurance firms and distribution channels, and build alliances with vertical software providers. It may also consider acquiring an insurance firm to enable underwriting capabilities.
Overall, the funding rounds highlight investment interest in AI infrastructure, enterprise solutions, travel technology, and insurance automation, among others.