The world according to capital

By Tiago
Every weekday morning, where capital moved and what it says about where the world is heading. See what is coming while it is still a funding round, in five minutes.

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Follow the capital.

Opinions about the future are everywhere, and most of them cost nothing to give. Capital is what people commit after they have done the homework, so it shows where the world is going long before the news does.
The homework
Before anyone backs a company, someone checks it: the founders, the technology, the market, the terms. Every round is the end of that work.
The pattern
Put thousands of rounds side by side and you get collective due diligence: where the people with the most at stake think the world is going, from AI and robotics to aerospace and security.
The read
Every weekday Tiago picks the rounds that matter, reading them the way he reads a company for a client, and sends them in one short email. Five minutes, each morning.
Issue #63November 2, 20268 links

The Mythical Man-Month in the age of AI

Super interesting article called The Mythical Man-Month in the age of AI you should read. Upwind raised a $400.0M Series C at a $3.8B valuation, and says its 2026 revenue quadrupled. Plato raised $16.0M in a Series A to build simulated work environments for training and evaluating AI models, and Superserve released an open-source sandbox that runs long-running agents in Firecracker microVMs.

Interesting

Dev Tools

Cool Company Raises

Behind the newsletter.

Everything Tiago saves, every weekday, with filters: the raises, the launches, the dev tools, the market reads and the rest. The newsletter is the morning's pick; the stream is all of it.