Cambridge Aerospace closed a €259.7m Series C at a €2.94bn valuation to scale up Skyhammer, its low-cost interceptor built to shoot down drones and missiles for European militaries. Revolut also won full banking approval from French and EU regulators, its second EU banking licence after Lithuania, and it's now planning to spend over €1bn expanding across Western Europe, open a Paris office, and hire more than 600 people.
Let’s dive in.
💰 Funding rounds
Cambridge-based Cambridge Aerospace raised €259.7m Series C at €2.94bn valuation to accelerate manufacturing capacity for its low-cost interceptor missile systems for European and allied militaries. Read more here.
London-based Edgify raised €7.7m Series A+ to scale its edge AI infrastructure platform for retail loss prevention and operational efficiency across physical stores and industrial facilities. Read more here.
Oslo-based Visoid raised €2.1m to scale its AI visualisation platform that transforms 3D architectural models into high-quality visualisations in minutes for architects and design professionals. Read more here.
💡 Other news
London-based Revolut secures French banking licence from ACPR and ECB, planning over €1bn investment in Western Europe and 600+ hires with Paris headquarters opening next year. Read more here.
🤝 M&A
Chelsea co-owner Todd Boehly’s Eldridge acquires ownership stake in Slovakia-based Sudolabs, a provider of custom agentic AI systems and enterprise consulting services, to accelerate the company’s US expansion and AI deployment capabilities at scale. Read more here.
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