CodeWall raises $4 million for AI agents meant to take over from the annual pen test
CodeWall, a London startup, launched with $4 million for AI agents that attack enterprises, pitched as a replacement for the once- or twice-yearly pen test. A buyer weighing the annual test against it has the company's own runs against consulting firms to go on.
Reality
- Evidence35
- Adoption
- Not scored
- Hype gap+30
- Incentives70
- Confidence55
Busiest venture firms did more Q3 deals while total funding fell, Crunchbase data shows
Andreessen Horowitz, Insight and Sequoia were among at least 22 investors in 10 or more Q3 venture rounds, most of them doing more deals as funding fell. Crunchbase ties the lower total to the absence of new record AI megarounds, while its lead-investor dollar rankings turn on a few multi-billion checks.
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+20
- Incentives30
- Confidence55
Air Street Capital led $40 million into a hiring marketplace where an agent for the candidate and an agent for the employer must both agree before an introduction happens. The two have arranged 25,000 interviews so far.
Perspective Coverage
3 publishers
- Builder
- Builder 27%
- Operator
- Operator 23%
- Investor
- Investor 50%
Reality
- Evidence38
- Adoption42
- Hype gap+34
- Incentives78
- Confidence62
Public capital carries 66% of Zinc's £70m fund for 80 lab-born companies
The British Business Bank's £46m works out at £575,000 of public money for each of Zinc's 80 planned companies. That sum pays for a formation step, not a science company. The gap between the two is the bet.
Reality
- Evidence38
- Adoption31
- Hype gap+24
- Incentives74
- Confidence40
A $3M bet that construction margin is decided before the concrete arrives
Volve's seed is small next to the Dutch rival already buying up the category, and its moat claim rests on knowledge that has to be re-earned in every new procurement regime.
Reality
- Evidence28
- Adoption42
- Hype gap+38
- Incentives78
- Confidence32
European defence money went late-stage: $4.7B of a record $8.7B in 2025
Late-stage rounds tripled to $4.7 billion last year, more than half of all European defence funding. The fastest-growing early slice, counter-UAS and air defence, went from $5.1 million to nearly $250 million.
Reality
- Evidence42
- Adoption44
- Hype gap+24
- Incentives76
- Confidence55