Jane Street and Situational Awareness are in discussions to co-lead the round, Bloomberg reports. The Oxford-founded neocloud, which relocated from the UK to the US after landing a $50 billion data centre partnership with Anthropic, has grown its revenue from $1.8M in 2022 to $66.2M in 2024. FluidStack, the AI data centre startup that builds […]
Waygate generates approximately $630 million in annual revenue with around 1,500 employees across 25 locations. The deal gives Hexagon’s Manufacturing Intelligence division computed tomography, radiography, and remote visual inspection technology with 130+ years of combined heritage. Hexagon, the Stockholm-headquartered measurement and sensor technology group, has agreed to acquire Waygate Technologies from energy technology company Baker […]
Stegra, formerly H2 Green Steel, has agreed in principle on new financing led by a Wallenberg Investments consortium including Temasek and IMAS. Construction at its Boden plant had slowed during months of fundraising. The Wallenbergs will become the company’s largest shareholder. Stegra, the Swedish green steel company formerly known as H2 Green Steel, has agreed […]
Hiro is shutting down on 20 April and deleting all user data by 13 May. Founder Ethan Bloch previously sold Digit to Oportun for more than $200M. Terms of the deal were not disclosed. OpenAI, the San Francisco AI lab behind ChatGPT, has acquired Hiro Finance, an AI-powered personal finance planning startup, with founder Ethan […]
The Finnish deep tech company, which operates the world’s largest autonomous airship fleet, has closed a Series A led by the NATO Innovation Fund, the Fund’s first investment in a Finnish company. Its airships can cover 30,000 square kilometres from a single base and have been tested in live NATO exercises. Kelluu, a Finnish deep […]
In short: Nesto Software GmbH, a Karlsruhe-based workforce management platform for restaurant groups, has raised €11 million in growth equity from Expedition Growth Capital, a London and Boston-based fund that targets bootstrapped European software businesses with more than €5 million in annual recurring revenue. The company, founded by engineers from the Karlsruhe Institute of Technology, manages […]
When Eka Ventures held the final close of its first fund at £68 million in 2021, the London-based firm staked a claim that few UK VCs were willing to make at the time: that impact investing and venture-scale returns were not a trade-off but a thesis. Five years later, it is doubling down. Eka has […]
In short: SiFive, the RISC-V chip IP firm founded by the Berkeley engineers who created the open-source instruction set architecture, raised $400 million in an oversubscribed Series G on April 9, 2026, at a valuation of $3.65 billion. The round was led by Atreides Management and backed by Nvidia, Apollo Global Management, D1 Capital Partners, Point72 […]
In short: Meta has committed an additional $21 billion to CoreWeave for dedicated AI cloud capacity running from 2027 through December 2032, bringing the total value of the two companies’ infrastructure relationship to approximately $35 billion. The new contract will deliver early deployments of Nvidia’s Vera Rubin platform across multiple sites, and is designed specifically for […]
Both companies were built by brothers Chris and Mike Sharkey, who previously co-founded Australian holiday rental site Stayz. Financial terms were not disclosed. Canva will preview what it calls the biggest transformation in its history at Canva Create on 16 April. Canva has acquired two companies simultaneously: Simtheory, an agentic AI collaboration platform, and Ortto, […]
