A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits have almost quadrupled in three months. That […]
Europe just put its first quantum computing company on a major American stock exchange. And it did so without leaving home. IQM, a Finnish maker of quantum machines, started trading on Nasdaq this week. The debut was equal parts landmark and reality check. IQM began trading on the Nasdaq Global Select Market on 2 July […]
Crusoe is reportedly in talks to raise about $3 billion in a new funding round that could triple its valuation to roughly $30 billion, according to Bloomberg News, which cited people familiar with the matter. Crusoe did not respond to a request for comment, and no terms, structure or lead investors have been disclosed publicly. […]
Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian company announced the Series D on Thursday. Blackstone, Noteus, Airbus, and Advent co-led it. […]
Kling AI, the video generation unit of Chinese tech company Kuaishou, has raised an initial two billion dollars in venture capital funding, the company said on Thursday. Further investors could still join the round, potentially pushing the total to roughly three billion dollars and diluting Kuaishou’s stake to about 68 percent, according to Kuaishou’s statement. […]
Alva Industries has raised €16 million to scale production of its ultra-compact electric motors, the Trondheim based deep-tech company announced on 2 July. The round is led by Nysnø Climate Investments, Sandwater and Emerald Technology Ventures, the latter investing on behalf of the Nabtesco Technology Ventures fund. Existing backers Statkraft Ventures and EnvisionTech also took part. […]
Novo Holdings, the investment company that controls Novo Nordisk and holds the wealth of the Novo Nordisk Foundation, is backing a fund aimed at Italian drug startups, according to Bloomberg. The move extends a pattern that has seen the Danish investor push capital into life sciences hubs well outside Copenhagen, including European deep-tech vehicles backed alongside the […]
Oxmiq Labs has closed a $35m Series A to scale OxCore, a licensable GPU architecture the startup says lets chipmakers build custom AI silicon without running a full, multi-year design programme of their own. The round brings the company’s total capital raised to $60m since its founding by veteran chip architect Raja Koduri. The pitch is […]
SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people familiar with the discussions. The concession gives banks recourse to SoftBank itself if the pledged OpenAI shares fall short of covering the […]
Together AI has raised 800 million dollars in a Series C round led by Aramco Ventures, valuing the company at more than eight billion dollars. The round also drew Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatron, and SentinelOne’s S Ventures. Together AI says it now generates more than one billion dollars […]
