Revolut at $115 billion leads a day of private rounds that reward revenue, not just ambition

The headline round

Revolut has closed a fundraising process that establishes a company valuation of 115 billion dollars, the company says, led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford. m:…7583

The valuation rests on reported operating results rather than projections alone: the company says it reported 2025 revenue of 6.0 billion dollars, up 46 percent, and pre-tax profit of 2.3 billion dollars, up 57 percent, with pre-tax margins expanding to 38 percent. m:…7583

The company also says it launched banks in the UK, Mexico, Australia and New Zealand in 2026, secured banking licences in France, Colombia and Argentina, received conditional national bank charter approval from the US Office of the Comptroller of the Currency, and aims to serve more than 100 million active customers across more than 100 countries. m:…7583

Security and factory software raise too

Horizon3 raised 250 million US dollars in a Series E funding round, the company says, taking its valuation above 2 billion dollars. The company says it is hiring more than 50 people across Asia Pacific and Japan and has launched an Australian point of presence in Sydney to support local security-data hosting requirements. m:…8758

Horizon3's pitch is usage, not just headcount: the company says its NodeZero product has executed more than 350,000 production-safe autonomous security tests and has been used by more than 7,000 organisations worldwide. m:…8758

Horizon3 also named its regional leadership for the push: Chris Wood as Director of Sales for Australia and New Zealand, and Vivienne Horsfall as Growth Marketing Director for Asia Pacific and Japan. m:…8758

In Japan, Fact Base raised 4.5 billion yen in a Series D round led by Insight Partners, with Artemis Ventures and MPower Partners joining as new investors, the company says. Cumulative fundraising has reached 11.25 billion yen, sales increased 2.3 times year on year, adoption of its Zume-n manufacturing software grew 2.2 times, and the company has expanded to 14 countries. m:…3459

Fact Base currently operates 4 domestic bases and 11 overseas bases, and says it plans to invest in new business development and governance systems to support its global expansion. m:…3459

An acquisition alongside the rounds

OpenAI said it will acquire Pierre Computer Company, the company behind Code Storage, in a deal subject to regulatory approvals, with the two companies remaining separate until the acquisition closes. m:…5120

OpenAI said it plans to bring Code Storage features into Codex, its coding-agent platform, and that Pierre's open-source projects will remain open source. Codex already uses Pierre's Trees and Diffs libraries, and OpenAI said it intends to adapt Git workflows to support coding agents. m:…5120

OpenAI also said it uses an in-house source control backend called Pando, and that Pierre's Diffs library includes an Edit mode for fixing code, which gives a sense of how much of the coding-agent workflow the acquisition is meant to cover. m:…5120

Fact Base, meanwhile, says it will use its new funds for overseas recruitment, stronger sales structures and technical development of Zume-n, and that it is building an organisational foundation with an eye toward an initial public offering. The common thread across the day's deals is that investors paid for distribution and customers already won, whether in banking, security testing or factory software. m:…3459