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London-based Flower Labs launched Endeavor, an AI model its Cambridge professor co-founder says performs on par with OpenAI’s and Anthropic’s latest models, while letting companies run it entirely on their own servers instead of renting access from US tech giants. Hannover-based INLEAP Photonics also raised €20m to scale its laser system that can disable a drone in a fraction of a second, days after explosive-laden drones were found near a Ukrainian cargo plane at Leipzig airport.
Let’s dive in.
💰 Funding rounds
London-based Nscale closed $3b debt facility to fund GPU data centers and AI infrastructure expansion with investment-grade secured financing. Read more here.
Elche-based PLD Space raised €108m Series C extension to scale reusable rocket development and satellite launch operations. Read more here.
Berlin-based Cloover raised €100m financing facility to expand AI-powered home electrification platform across Europe. Read more here.
Barcelona-based ID Finance raised €21m debt facility from nordIX to expand consumer lending platform across Spain. Read more here.
Hannover-based INLEAP Photonics raised €20m Seed to develop laser-based drone defence systems for critical infrastructure and military applications. Read more here.
Zurich-based xorlab raised €5m Series A+ to scale sovereign email security platform across Europe. Read more here.
London-based Orchestra raised $3.3m Seed to develop serverless data orchestration platform with managed AI agents for unified infrastructure governance. Read more here.
Milan-based Holifya raised €2m to scale AI-supported GLP-1 obesity treatment clinic combining advanced diagnostics and multidisciplinary medical care. Read more here.
Tallinn-based Instarc raised €1.25m strategic investment to scale cloud-native compliance platform for regulated financial institutions. Read more here.
Foetz-based Space Cargo Unlimited invested in Bordeaux-based Novospace, Europe’s leading parabolic flight provider, to expand microgravity access and strengthen commercial aerospace capabilities. Read more here.
🌱 Startup news
London-based Flower Labs launched Endeavor 1.0, frontier-class AI model competitive with OpenAI and Anthropic, enabling organizations to deploy sovereign AI locally with federated learning capabilities. Read more here.
📣 Fund news
London-based Sovereign AI launched £100m rapid procurement scheme to back UK-registered AI startups building solutions for NHS productivity, defence, computing efficiency and safe AI agent adoption. Read more here.
Berlin-based Auxxo closed €33.3m Female Catalyst Fund II to back female-led startups across Europe. Read more here.
🤝 M&A
London-based Quell, fitness gaming developer, got acquired by London-based HITAI to integrate camera-less motion recognition technology into sports motion tracking platform. Read more here.
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