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EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We
14 hours ago
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Periodic Labs Introduces Periodic Neon
Periodic Labs, an AI research and deployment company creating models and autonomous labs to accelerate science, led by Liam Fedus, Dogus Cubuk, and the team, has introduced Periodic Neon, a 1T-parameter model that was post-trained to analyze experimental results and deployed to its physical labs. This is a step towards putting autonomous discovery into the hands of scientists. Building AI-Powered Materials Labs. Since launching last year, Periodic has built high-throughput la
2 minutes ago
Thatch Raises $108M Series C at a $1B Valuation to Build a Healthcare System People Love
Thatch, building a healthcare system people love, led by Chris Ellis and Adam Stevenson, has raised a $108 million Series C funding round, bringing Thatch's valuation to $1 billion. The funding comes from The General Partnership, Index Ventures, Scale Venture Partners, General Catalyst, Andreessen Horowitz, Avid Ventures, Quiet Capital, SemperVirens, and QuantumLight, with strategic participation from Eli Lilly and Company, ADP Ventures, and Paychex. Putting Consumers in Cont
1 hour ago
Liquid Compute Announces its Launch to Build a Regulated Venue that Commoditizes Intelligence
Liquid Compute, building a regulated exchange for compute: verification, clearing, settlement, and price discovery for neoclouds, AI companies, and traders, led by Ronit Jain and Aarav Patel, emerges from stealth with a $15 million seed round co-led by Chemistry and Firstmark. They are joined by K8 Capital, Night Capital, TrueBridge, Brainchild Holdings, UFO Holdings, Y Combinator, and angel investors such as Dmitry Balyasny. Alongside the launch, the company is announcing pe
2 hours ago
Jack & Jill Raises $40M Series A to Make Warm Introductions at the Scale of the Internet
Jack & Jill, an AI agent for your career, led by Matthew Wilson and Saaras Mehan, has raised a $40M Series A, led by Air Street Capital with participation from Creandum and Madrona, to move faster toward a job market where every person and company has an agent in their corner. Jack is an AI agent for candidates, while Jill is an AI agent for employers. When the two identify a potential match, they connect the candidate and company directly, removing the traditional applicatio
2 hours ago
EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We
14 hours ago
AI & Robotics
Periodic Labs Introduces Periodic Neon
Periodic Labs, an AI research and deployment company creating models and autonomous labs to accelerate science, led by Liam Fedus, Dogus Cubuk, and the team, has introduced Periodic Neon, a 1T-parameter model that was post-trained to analyze experimental results and deployed to its physical labs. This is a step towards putting autonomous discovery into the hands of scientists. Building AI-Powered Materials Labs. Since launching last year, Periodic has built high-throughput la
2 minutes ago2 min read
Periodic Labs Introduces Periodic Neon
Periodic Labs, an AI research and deployment company creating models and autonomous labs to accelerate science, led by Liam Fedus, Dogus Cubuk, and the team, has introduced Periodic Neon, a 1T-parameter model that was post-trained to analyze experimental results and deployed to its physical labs. This is a step towards putting autonomous discovery into the hands of scientists. Building AI-Powered Materials Labs. Since launching last year, Periodic has built high-throughput la
Liquid Compute Announces its Launch to Build a Regulated Venue that Commoditizes Intelligence
Liquid Compute, building a regulated exchange for compute: verification, clearing, settlement, and price discovery for neoclouds, AI companies, and traders, led by Ronit Jain and Aarav Patel, emerges from stealth with a $15 million seed round co-led by Chemistry and Firstmark. They are joined by K8 Capital, Night Capital, TrueBridge, Brainchild Holdings, UFO Holdings, Y Combinator, and angel investors such as Dmitry Balyasny. Alongside the launch, the company is announcing pe
Jack & Jill Raises $40M Series A to Make Warm Introductions at the Scale of the Internet
Jack & Jill, an AI agent for your career, led by Matthew Wilson and Saaras Mehan, has raised a $40M Series A, led by Air Street Capital with participation from Creandum and Madrona, to move faster toward a job market where every person and company has an agent in their corner. Jack is an AI agent for candidates, while Jill is an AI agent for employers. When the two identify a potential match, they connect the candidate and company directly, removing the traditional applicatio
How Nuance Labs is Building the Foundation Model for Human Conversation and Expression
Nuance Labs, building a human foundation model with emotional intelligence, led by Fangchang Ma, Edward Zhang, and Karren Yang, has raised $50 million in Series A funding led by returning investor Lightspeed Venture Partners, with participation from returning investors Accel, South Park Commons, and new investors NVIDIA and Define Ventures. The company will open a research preview of its model to the public later this year. Nuance Labs is developing AI that perceives and resp
Temporal Raises $550M at a $12.55B Valuation as Demand Grows for Reliable AI Infrastructure
Temporal, which develops and distributes the world's leading open-source durable execution system, led by Samar Abbas and Maxim Fateev, has raised a $550M Series E at a $12.55B valuation, co-led by Lightspeed, with Wellington Management, Growth Equity at Goldman Sachs Alternatives, and Tiger Global, with strong participation from T. Rowe Price and SV Angel. Returning investors include a16z, Sequoia, Index, GIC, Sapphire Ventures, and Amplify. The Challenge of Building Reliabl
Archy Raises $50M Series C to Bring Dental Practices into the AI Era
Archy, the AI platform for dental practice management, led by Jonathan Rat and the team, has raised $50 million in Series C funding led by JMI Equity, along with existing investors TCV, Entrée Capital, Bessemer Venture Partners, CRV, and Alven. The funding will accelerate development of AI agents that help dental teams automate work across their practices. Archy’s System of Action for Dental Practices. Archy is an AI-powered platform designed to replace fragmented dental soft
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Fintech
Chift Raises €10.5M in a Series A Round led by BlackFin Capital Partners
Chift, building the agentic infrastructure for financial connectivity, led by Gauthier Henroz, Matthieu Hertoghe, and Henry Hertoghe, has raised a €10.5M Series A to solve Europe's financial connectivity problem. The round is led by BlackFin Capital Partners, the European fintech specialist, with its existing investors Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre all doubling down. Chift’s latest milestone reflects the support of its investors, employees, and cu
Chift Raises €10.5M in a Series A Round led by BlackFin Capital Partners
Chift, building the agentic infrastructure for financial connectivity, led by Gauthier Henroz, Matthieu Hertoghe, and Henry Hertoghe, has raised a €10.5M Series A to solve Europe's financial connectivity problem. The round is led by BlackFin Capital Partners, the European fintech specialist, with its existing investors Entourage, Shapers, Seeder Fund, and Wallonie Entreprendre all doubling down. Chift’s latest milestone reflects the support of its investors, employees, and cu
1 day ago
Intermezzo Raises $10M to Build the World’s First AI-Native Global Payroll Platform
Intermezzo, a global payroll infrastructure company, led by Siddharth Ram and Kumar Ramanathan, has announced $10M in funding from Crosslink Capital, UKG Ventures, CloudPay, Character Capital, Behind Genius Ventures, and leading angel investors. International Payroll. Intermezzo is building a platform to automate the complex and highly regulated world of international payroll. Its founding team brings a combined 40 years of experience leading technical and product teams at In
5 days ago
Limetax Raises €36 Million to Build Germany’s Agentic-First Accounting & Tax Group
Limetax, a Berlin-based technology company bringing established tax firms together in one group and building a proprietary AI agent platform for them, led by Christoph Gamon, Christoph Dansard, and Maximilian Meyer, has raised €36 million in financing, comprising €6 million in pre-seed equity led by Motive Partners, with participation from Activant and Heliad, and a €30 million acquisition facility from a consortium of German banks. Angel investors include former German Finan
6 days ago
Fundcraft Secures €12m Strategic Growth Financing to Scale Digital Fund Operations Infrastructure for European Alternative Investment Funds
Fundcraft, Europe’s digital fund operations provider for alternative investment funds, led by Julien De Mayer, Olga Porro, and Christian Senitz, has announced that it has secured €12 million in strategic growth financing co-led by Riverside Acceleration Capital (“RAC”) and CCAP Investments (“CCAP”), with participation from existing investors including 3VC, MiddleGame Ventures and Aperture Capital. The new financing brings Fundcraft’s total capital secured since its founding t
7 days ago
Standard Metrics has Raised $20M in Series B from Its Customers to Accelerate Innovation in the Private Markets
Standard Metrics, an AI‑driven portfolio management platform, led by John Melas-Kyriazi and Deny Khoung, has raised a $20M Series B led by 8VC. Other investors in this round include Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and more. The company has raised roughly $50M to date, and most of that capital has come from its customers. Why Standard Metrics Exists. Founded in 202
Aug 25
Silicon Data Raises $30.5 Million Series A to Build the Independent Benchmark Layer for the AI Compute Economy
Silicon Data, providing GPU performance data for companies, led by Carmen Li, and the team, has announced a $30.5 million initial closing of its Series A, led by the Valor Atreides AI Fund, with additional investment from CME Ventures, DRW, F-Prime, Samsung Next, VanEck, Further, Jump, Tectonic, and Wintermute. Breed, Hack, Blank VC, Sancus Ventures, and SoGal Ventures also participated. The Series A will support expansion across four areas: benchmark pricing, performance mea
Aug 20
Venture Capital
Uplift Ventures Launches €100 Million Fund to Back Europe's Next Generation of Product-Obsessed Deep Tech Founders
Uplift Ventures, an independently operating venture platform investing in and building startups shaping the future of Physical AI, Energy, Enterprise AI, and Logistics, has announced the launch of its inaugural €100 million venture capital fund, dedicated to backing Europe's next generation of Deep Tech founders. Uplift Ventures plans to back up to 20 startups and selected Deep Tech funds from its €100 million fund, creating a unique global network that benefits founders long
Uplift Ventures Launches €100 Million Fund to Back Europe's Next Generation of Product-Obsessed Deep Tech Founders
Uplift Ventures, an independently operating venture platform investing in and building startups shaping the future of Physical AI, Energy, Enterprise AI, and Logistics, has announced the launch of its inaugural €100 million venture capital fund, dedicated to backing Europe's next generation of Deep Tech founders. Uplift Ventures plans to back up to 20 startups and selected Deep Tech funds from its €100 million fund, creating a unique global network that benefits founders long
1 day ago
Volition Capital Announces Closing of Volition Capital Fund VI with $950 Million in LP Capital Commitments.
Volition Capital, a Boston-based growth equity investment firm, led by Managing Partners Sean Cantwell, Larry Cheng, Roger Hurwitz, and the team, has announced the final closing of Volition Capital Fund VI, L.P. (“Fund VI”) at its hard cap of $950 million in limited partner capital commitments. Fund VI was oversubscribed, reflecting strong demand from both its existing and new limited partners. Fund VI is the largest fund raised by Volition to date, bringing its total assets
4 days ago
Seed Capital Closes €130M Fund V to Expand into Sweden and Cybersecurity
Seed Capital, partnering with remarkable entrepreneurs across the Nordics to build global winners, led by General Partners Lars Andersen, Ulla Brockenhuus-Schack, Geeta Schmidt, and Managing Partner Christian Brøndum, has now completed its fifth fund, valued at €130 million. Fund V will make investments ranging from €3 million to €6 million across 15 to 17 companies, from the seed stage through to Series A. The firm continues to concentrate on fintech and AI-driven B2B servi
5 days ago
Molten Ventures Announces £175m First Close of Molten Growth Fund with Cornerstone Commitment from British Business Bank
Molten Ventures, a leading venture capital firm with a 20-year track record of investing in and developing disruptive high-growth technology companies across Europe and the UK, announced the first close of its Growth Fund at £175 million. The British Business Bank has committed £75 million as a cornerstone investor. Molten Ventures has committed the remaining £100 million of the first close and will continue to seek additional investors, with the aim of growing the Growth Fun
Sep 7
Andreessen Horowitz Announces 'The Machine Age Fund'
A16Z has raised $1.1B for its newest fund: the Machine Age Fund, aimed at accelerating the physical buildout of AI. The fund reflects a broader push to bring AI into the physical world, positioning the technology as a powerful tool for solving real-world problems and expanding abundance. AI’s capabilities are expanding rapidly, with systems moving from chat to reasoning, coding, and increasingly complex forms of knowledge work. As utility and demand grow, so does the computat
Aug 29
Einride Founders Launch Navisalma to Turn Europe's Frontier Technologies into Global Leaders
Navisalma, the newly founded European Venture Platform, founded by Einride founders Robert Falck and Linnéa Kornehed Falck, together with previous McKinsey Partner and Material Economics co-founder Robert Westerdahl, announced its launch. Europe does not have an innovation problem. It has a scaling problem. Europe produces world-class science, engineering, and frontier technologies, backed by centuries of leadership in design, craftsmanship, industrial excellence, and quality
Aug 27
Deep Tech
EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We
EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall
EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We
How Open Cosmos is Accelerating Real-Time Intelligence and Connectivity from Space
Open Cosmos, the European leader delivering satellite infrastructure, led by Rafel Jorda Siquier, Jordi Barrera Ars, and Aleix Megias Homar, has raised €300 million in funding as governments and enterprises accelerate investment in secure, space-based systems. The round, led by European investors, includes participation from Lightrock, ETF Partners, Institut Català de Finances (ICF), Entrepreneurs First and two major international pension funds. Other participants include Con
Galaxia Closes Funding Round to Support Accelerated Growth
Galaxia, building the infrastructure layer for orbital compute, led by Arad Gharagozli and the team, has announced the successful close of its oversubscribed funding round, marking a major milestone in the company’s growth and reinforcing strong investor confidence in its vision for intelligent, sovereign space infrastructure. The 4.5 million CAD round was co-led by Amiral Ventures (QC) and Invest Nova Scotia (NS). The funding will support Galaxia’s next phase of growth, ac
Antares Selected for $161M Strategic Breakthrough Award to Demonstrate Space Reactor
Antares, building microreactors for critical missions, led by Jordan Bramble and the team, has been selected by the Office of the Assistant Secretary of the Air Force for Space Acquisition and Integration for a Strategic Breakthrough award to advance nuclear power for space. It marks the largest current Department of War award in space nuclear power. “Space has been core to the Antares thesis since the company was founded,” said Jordan Bramble, CEO and co-founder of Antares.
Mach Industries Doubles Valuation to $3.7B in Three Months with Fresh $600M Round
Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo
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Security
Exein Raises $270m at $1.7bn Valuation to Build the Security Layer for Physical AI
Exein, a global leader in embedded IoT cybersecurity, Gianni Cuozzo, Giovanni Alberto Falcione, Gerardo Gagliardo, and Gary Walshe, has raised $270 million in new funding at a $1.7 billion valuation, led by Headline, with participation from Sofina, Goldman Sachs, EIB Group through the European Tech Champions Initiative (ETCI), KfW Capital and T.Capital, plus existing investors Balderton, HV, Intrepid Growth Partners, 33N Ventures, Lakestar, Supernova Invest, Blue Cloud Ventur
Exein Raises $270m at $1.7bn Valuation to Build the Security Layer for Physical AI
Exein, a global leader in embedded IoT cybersecurity, Gianni Cuozzo, Giovanni Alberto Falcione, Gerardo Gagliardo, and Gary Walshe, has raised $270 million in new funding at a $1.7 billion valuation, led by Headline, with participation from Sofina, Goldman Sachs, EIB Group through the European Tech Champions Initiative (ETCI), KfW Capital and T.Capital, plus existing investors Balderton, HV, Intrepid Growth Partners, 33N Ventures, Lakestar, Supernova Invest, Blue Cloud Ventur
Cylake Closes $245 Million Funding Round Ahead of Beta Release for Next-Generation Cybersecurity Product
Cylake, the complete, AI-native cybersecurity platform that provides full visibility, sets fine-grained policy, and stops attacks in fully air-gapped sovereign environments, led by Nir Zuk, Udi Shamir, Wilson Xu, and the team, has closed $245 million through a convertible note, with participation from Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. This latest funding brings Cylake’s total raised to $290 million, following a $45 million seed round in Marc
HiddenLayer Raises $100M Series B to Advance Trustworthy AI
HiddenLayer, the most comprehensive security platform for AI, led by Chris Sestito, Tanner Burns, James Ballard, and the team, has announced a $100 million Series B funding round led by Delta-v Capital, with participation from Ten Eleven Ventures, Morgan Stanley, M12, Microsoft's Venture Fund, and Booz Allen Ventures. The company will use the funding to expand its enterprise platform, including Agentic Runtime Security and Agent Harness Security, a new solution designed to se
Air Security Emerges Out of Stealth to Protect AI Agents
Air, the context firewall for AI agents, founded by Yair Saban and Niv Hoffman, has announced that it is coming out of stealth. AI With Seatbelts. AI agents are becoming a fundamental part of enterprise knowledge work, with coding agents such as Claude Code, Cursor, and Codex seeing rapid adoption. Yet enterprises remain cautious about deploying them without stronger controls. Organizations face risks from employees using AI through personal accounts, untrusted agent harnesse
Mindgard Raises $30M Series A
Mindgard, the leader in AI security led by James Brear, Dr. Peter Garraghan, and the team, has raised a $30 million Series A financing led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard plans to use the funding to scale the company across product, engineering, sales, and marketing in response to significant customer demand. Mindgard combines AI security research with offensive securi
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