We saw some big moves to start the week, with a $500m AI round leading the way. Recursive Superintelligence raised at least $500m to build self-improving AI systems, while Uber increased its stake in Delivery Hero as the European delivery market continues to consolidate. At the same time, Revolut is reportedly targeting a $150bn IPO.
Let’s dive in.
💰 Funding rounds
AI startup Recursive Superintelligence raised at least $500m at a $4bn valuation to build self-improving AI systems. Read more here.
UK-based startup Rivan raised €28.7m to scale synthetic fuel production for heavy industry. Read more here.
Nijmegen-based startup ScreenPoint Medical raised €11.9m to scale its AI-powered breast cancer detection platform. Read more here.
Hamburg-based startup Logicc raised €2.5m in a Seed round to bring compliant AI to regulated sectors like law and healthcare. Read more here.
Regensburg-based startup brainjo raised €2m in a Seed round to develop VR-based therapy for children with ADHD. Read more here.
Swiss startup nureo secured €163k from Venture Kick to develop automated 3D design software for engineering workflows. Read more here.
Sofia-based startup Dronamics received a strategic investment from Asia Air Survey to expand its drone operations into Japan. Read more here.
🌱 Startup news
Ghent-based startup Aikido Security launched Aikido Endpoint, a developer-first security agent to protect against AI-driven supply chain attacks. Read more here.
London-based startup CuspAI is in talks to raise at least $200m, potentially pushing its valuation above $1bn. Read more here.
💡 Other news
London-based fintech Revolut is planning an IPO within two years, targeting a valuation of at least $150bn. Read more here.
🤝 M&A
Berlin-based Delivery Hero saw Uber acquire an additional 4.5% stake for €270m, increasing its position to around 7% as the European delivery market consolidates. Read more here.
🎧 Podcasts
The EU-Startups Podcast featured Patrick Andrae, co-founder and CEO of HomeToGo, on scaling a European travel platform and how AI is reshaping TravelTech. Listen here.
The Scaling Europe Podcast featured Harvey Hodd, Founder at Rivan, on scaling synthetic fuel production after building the UK’s largest SNG plant. Listen here.
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