Legora’s CEO says Europe should not build a frontier AI lab
Legora’s CEO says Europe should not build a frontier AI lab

I think a lot of it is marketing, to overemphasize the proposed capabilities. Max Junestrand said that in Amsterdam on Tuesday. He was asked about the summer’s run of incidents in which AI agents hacked other companies. The warnings that followed deser…

EWOR names a San Francisco team as US applications surge 237%
EWOR names a San Francisco team as US applications surge 237%

EWOR, a founder fellowship harder to get into than Y Combinator, has named a senior leadership team in San Francisco. The appointments follow a record year of US applications, up 237% in twelve months. The team comprises Charles Ferguson, the Oscar-win…

FintechOS raises $28M in equity and debt after turning profitable
FintechOS raises $28M in equity and debt after turning profitable

FintechOS, a London-based company founded in Romania that sells AI software to banks and insurers, has raised $28M in a mix of equity and debt. Existing investors Bek Ventures, IFC, Cipio Partners, and Molten Ventures put in the equity, while Santander…

Spott raises $21M Series A led by Balderton for its AI platform for recruitment agencies
Spott raises $21M Series A led by Balderton for its AI platform for recruitment agencies

Spott, a Leuven-based startup that sells recruitment agencies an AI-native applicant tracking system and CRM, has raised a $21M Series A led by Balderton Capital. Base10 Partners, Y Combinator, and Fortino also took part. Spott launched its main platfo…

Biolevate raises €30M Series A and opens Boston office for its life sciences AI
Biolevate raises €30M Series A and opens Boston office for its life sciences AI

The Paris-based company Biolevate, which develops AI automation for use in regulated life sciences, has raised €30m in its Series A funding and has opened an office in Boston. Orange Ventures and RAISE France co-led the fundraising exercise, with the c…

Morphotonics raises more than €40M to scale waveguide manufacturing for AI glasses
Morphotonics raises more than €40M to scale waveguide manufacturing for AI glasses

Morphotonics, a Brainport-based manufacturer of large-area nanoimprint lithography equipment, has raised over €40 million in a Series B funding round. The Veldhoven company plans to use the money to boost production of machines that make waveguides for…

Finnish AI cloud company Verda raises $189M and it is now the latest unicorn in Europe
Finnish AI cloud company Verda raises $189M and it is now the latest unicorn in Europe

Verda, an AI cloud company headquartered in Helsinki and previously called DataCrunch, has raised $189M to increase its computing capacity and develop its platform; the funds came from a Series B round led by Emergence Capital, which was oversubscribed…

Palantir, Goldman Sachs and One Peak alumni raise €5M pre-seed round to build a tech-native audit firm
Palantir, Goldman Sachs and One Peak alumni raise €5M pre-seed round to build a tech-native audit firm

For two decades, the standard way to modernize auditing has been to build software and sell it to auditors. Benford has decided to skip the middleman and become the auditor. Today, the Oslo- and London-based company Benford announced it has raised €5 m…

Corridor launches with $25m to fix health benefits for small businesses
Corridor launches with $25m to fix health benefits for small businesses

“For decades, small businesses have been sold the leftovers of the health insurance market,” said Nikhil Aggarwal, chief executive and co-founder of Corridor. His company launched its AI benefits brokerage on Monday with $25m. Its plan is to change tha…

Amber Electric raises €49m to take home battery automation to Europe
Amber Electric raises €49m to take home battery automation to Europe

“We’ve built a leading energy automation platform in Australia, and this investment gives us the backing to build on that leadership globally,” said Chris Thompson, co-founder of Amber Electric. The Melbourne company has raised €49m in a Series E round…