Tiiny AI Raises Tens of Millions in Pre-A Round Led by Dunhong

The signal here is less the cheque size than the cap-table behaviour: existing backers lifting beyond pro-rata in a round with no disclosed valuation suggests conviction concentrated among insiders rather than broad price discovery. That is a pattern worth tracking across early-stage AI agent startups, where the 'personal agent OS' framing is becoming crowded. How Dunhong's lead role and the incubator-plus-adviser structure shape the next round's terms — and whether outside capital joins at a stated valuation — is the open question.