Expeditions, the Warsaw-based venture firm backed by BAE Systems and the NATO Innovation Fund, has closed a €197m ($225m) fund to back the next wave of European defence startups. The raise caps a boom that has seen defence prime BAE commit €50M to outs…
Luffy AI, an Abingdon startup building what it calls neuroplastic AI for the real-time control of physical machines, has raised £8.1m in a Series A round, the company said on Tuesday. The round was led by BGF, which bills itself as the most active equi…
Nscale has closed a $900m revolving credit facility, a standing pool of borrowing it will draw on to speed up its data-centre build-out across the US, Europe, and Asia-Pacific, the company said on Tuesday. The London firm, which raised $2bn in a Series…
Munich-based Proxima Fusion has raised €411mn ($468mn), the largest private fusion round Europe has ever seen and a rare vote of confidence in a technology that has yet to produce a watt of commercial power. The deal values the stellarator company at €…
Across a scorching European summer, the least glamorous machines in the economy have been quietly straining. In cold stores and distribution depots, compressors run harder as the mercury climbs, pulling more power at exactly the hours power is dearest….
Most big funding rounds shrink the founders’ slice. Skello’s just grew it. The profitable French HR startup has raised €200m to go shopping across Europe. Paris-based Skello has raised €200m led by Bridgepoint, EU-Startups reports. The unusual part: it…
Meta has sold millions of camera-equipped smart glasses, and landed in a privacy storm for it. A Shenzhen startup is betting $1bn that the smarter move is to leave the camera off. Even Realities has raised $150m at a $1 billion valuation, TechCrunch re…
The last wave of AI learned to describe the world. The next needs to learn how the world pushes back. A Cambridge startup thinks the answer hides inside video games. Worldmodeldata has raised £7m (€8m) to turn gameplay into AI training data, Tech Fundi…
Your prescription, printed to order. A Finnish startup wants to turn the back room of your pharmacy into a tiny, automated drug factory, and it just raised $14m to do it in America. CurifyLabs has closed a $14m (€12m) Series A, the company announced. T…
Everyone wants the power of AI. Few want to hand their most sensitive data to a foreign cloud to get it. A Basque startup thinks it has the fix. Sherpa.ai has raised $18m to build AI that never sees your raw data, tech.eu reported. The Spanish company …