Oura’s IPO seeks $2.2bn, and 73% of it goes to existing shareholders
Oura’s IPO seeks $2.2bn, and 73% of it goes to existing shareholders

Oura spent the first nine months of its financial year buying its own shares back from its investors. On Monday it started selling them to everybody else. The Finnish smart ring maker launched its initial public offering before the New York open. It is…

London’s Unit1 raises £20M to take avatar concerts on tour
London’s Unit1 raises £20M to take avatar concerts on tour

Unit1 Studio has raised £20M to stage concerts performed by digital recreations of musicians, in an oversubscribed round led by Balderton Capital. The company was founded in February 2025 and is based in Tileyard, north London. The money comes as a mix…

The ECB will invest in tokenised securities, and settle the trades on its own new rail
The ECB will invest in tokenised securities, and settle the trades on its own new rail

The European Central Bank is preparing to put some of its own money into tokenized securities, moving from building the plumbing for digital asset markets to buying in them. Settlement will occur in central bank money, routed through Pontes, the system…

Revolut plans a dual London and Nasdaq listing, Storonsky tells Les Echos
Revolut plans a dual London and Nasdaq listing, Storonsky tells Les Echos

“In reality, we are currently planning a dual listing, on the London Stock Exchange and the Nasdaq,” Nik Storonsky told Les Echos. The Revolut founder was in Paris on Monday. Gabriel Nédélec and Ingrid Feuerstein interviewed him for the French paper, w…

Ex-Palantir engineers raise $600m to take on US health insurers
Ex-Palantir engineers raise $600m to take on US health insurers

“We did not set out to build another health insurance company,” said Ty Wang, co-founder and chief executive of Angle Health. The aim, he told the Wall Street Journal, was to stop “this kind of death spiral of cost within our healthcare system.” His co…

Raindrop hits $50m in funding to catch AI agents failing in production
Raindrop hits $50m in funding to catch AI agents failing in production

“Agents now run for hours, call thousands of tools, and handle real money, real health data, and real customers,” said Zubin Koticha, chief executive of Raindrop. “When an agent fails, it does the wrong thing convincingly at scale until someone happens…

Crusoe raises $3.9bn and starts trucking data centres to spare power
Crusoe raises $3.9bn and starts trucking data centres to spare power

“Getting there means controlling the infrastructure from electrons to tokens,” said Chase Lochmiller, co-founder and chief executive of Crusoe. He was describing what he called an era of abundance brought by AI. The Denver company announced the initial…

Comp AI raises $34m to turn compliance into continuous monitoring
Comp AI raises $34m to turn compliance into continuous monitoring

“Security software shouldn’t just track the work. It should understand the business, perform the work, and act as risk changes,” said Lewis Carhart, chief executive and co-founder of Comp AI. The Miami company has raised a $34m Series A led by Roo Capi…

Treble raises $18m to give physical AI a sense of hearing
Treble raises $18m to give physical AI a sense of hearing

“AI models and devices that perform well in a laboratory can struggle when they encounter reverberation, background noise, or an unfamiliar physical environment,” said Finnur Pind, co-founder and chief executive of Treble Technologies. The Reykjavík co…

Factory raises $200M at a $5B valuation for its AI coding agents
Factory raises $200M at a $5B valuation for its AI coding agents

“Across the world’s largest enterprises, we are seeing a move from individual coding agents to software factories that serve as the core foundation from which an entire software company operates,” said Matan Grinberg, co-founder and CEO of Factory. The…