Hello and welcome back.
The week started with news of hundreds of companies lining up to join Nvidia’s AI alliance, and the UK is moving to make it easier for startups to hire.
Let’s dive in.
💰 Funding rounds
Sava Technologies raised €32.08M Series B to scale manufacturing of its wearable glucose sensor. Read more here.
Klarent raised €7.13M seed to scale its AI software testing platform and expand into the US. Read more here.
SpectaCell raised €6M seed to build a cell analysis platform that shows how immunotherapies perform. Read more here.
Besso raised €4.29M to scale its AI platform that tracks trade rules and tariffs for large companies. Read more here.
Autentic AI raised €1.5M pre-seed to use AI-led interviews to speed up market research. Read more here.
💡 Other news
The Fourth Law and Odd Systems launched Project Foundation to quadruple European thermal sensor production and double US production within three years, with its first factories in Europe and the US. Read more here.
The UK government will legislate to stop non-compete clauses being a barrier to hiring at the most promising startups and scaling firms.Read more here.
Nvidia says hundreds of companies are waiting to be vetted to join its Open Secure AI Alliance, which includes Mistral, Hugging Face and UiPath. Read more here.
Isomorphic Labs is reportedly in early talks to raise at a valuation of $40B or more, less than five months after its $2.1B round. Read more here.
📣 Fund news
Monte Carlo Capital closed a €13M first close of its Fund II, with a target of €26M, to back early-stage deeptech, artificial intelligence and space technology startups. Read more here.
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Dust and Spendesk are hosting a breakfast in London for finance leaders.
On November 5 they are bringing together CFOs, Heads of Finance Operations and senior leaders driving business transformation and AI adoption to share how they are making AI part of everyday work. Sign up here.
Chargebee’s Beelieve Roadshow comes to Paris 🇫🇷
It’s an exciting event for software teams working out how to price and run their business in the AI era. Here’s your chance to learn how to build a scalable business model as AI changes how software is sold. Register here for the event.
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Right now, the team is helping founders strengthen financial foundations, explore growth and venture funding options, expand internationally and connect with relevant investors and partners.
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