App & AI Deals Report
Genesis · Monthly venture tracker

App & AI deals report

October 2026

Where venture money went last month across mobile apps and the AI stack: monthly app funding against its 12-month baseline, AI funding by category and AI-software sub-category, and the largest rounds behind each.

AI
App deals · Oct-26
28
▲ +40% vs 12-month average of 20
App funding · Oct-26
$168M
▼ −36% vs 12-month average of $262M
AI funding · Oct-26
$35.82B
▲ +41% vs Sep-26 ($25.44B)
525 deals across 8 categories
AI software · Oct-26
$5.37B
▼ −5% vs Sep-26 ($5.64B)
237 deals · 10 sub-categories
App industry

Deal flow stays high; funding recovers but stays below average

  • 28 deals, the third-highest count in 12 months (after Apr-26: 31 and Sep-26: 30), and $168M, up from $63M in September but below the $262M average.
  • Average cheque of about $6.0M, against roughly $13.1M implied by the 12-month averages.
  • 20 of 28 rounds were angel, pre-seed or seed; Flow Games' $46M seed round led by Tencent alone was 27% of the month.
Open app industry →
AI industry

Model developers take nearly half, driven by one DeepSeek round

  • AI model developers took 48% of AI funding ($17.12B) and had the highest average deal at $0.74B.
  • DeepSeek's $15.9B Series B alone is about 44% of the month; the top five rounds sum to $21.10B, about 59%.
  • AI software had the most deals (237, 45% of all AI deals) at about $0.02B per deal.
Open AI industry →
AI software

Finance leads on one large round; business tools lead on deal count

  • Finance took 24% of AI-software funding ($1.30B across 16 deals), the highest average at $0.08B per deal.
  • Kalshi's $1.0B Series G makes up 77% of Finance funding.
  • Business had the most deals (54); Legora ($0.55B) and Serval ($0.15B) both made the top five.
Open AI software →

App industry venture funding

Nov-25 → Oct-26 · # of deals and funding, $M · dashed lines = 12-month average

October brought 28 app deals worth $168M: deal count above the 12-month average of 20, funding below the average of $262M.

# of dealsFunding $m

Hover or tab through the months for detail. October 2026 is shaded. Swipe the chart sideways to see earlier months.

Top 5 app deals in October

Ranked by amount raised. Open a deal for round, location and investors.

October vs. the baseline

Computed from the monthly values in the chart.

  • +40%Deal count vs the 12-month average (28 vs 20), and −7% vs Sep-26 (30).
  • −36%Funding vs the 12-month average ($168M vs $262M), and +167% vs Sep-26 ($63M).
  • $130MRaised by the top 5 deals, about 77% of the month's $168M.

AI industry funding

October 2026 · 8 categories · # of deals and funding, $B

AI model developer category accounted for 48% of the total AI funding in October ’26;
AI model developer demonstrated the highest average deal size ($745M)

# of dealsFunding $b
Sort

Click a category to see its largest rounds below.

Top 5 AI deals in October

Largest rounds across all AI categories.

AI software funding

October 2026 · 10 sub-categories · # of deals and funding, $B

Finance sub-category accounted for 24% of the total AI software funding in October ’26;
Finance demonstrated the highest average deal size ($81M)

# of dealsFunding $b
Sort

Click a sub-category to see its largest rounds below.

Top 5 AI software deals in October

Largest rounds in AI software.

Deal explorer

Every round behind the report · 28 app deals · 525 AI deals
CompanyCategoryRoundAmountAnnouncedRegion