Lockheed Martin just opened its first European office. The US defence giant’s venture arm committed €87m to European defence and allied technology startups today, aiming to strengthen transatlantic ties. Cambridge-based CuspAI also closed a €393.2m Series B at a €2.2bn valuation, with Nvidia, Meta and Samsung among the 45+ founding members of its new AI Materials Foundry coalition.
Let’s dive in.
💰 Funding rounds
Cambridge-based CuspAI raised €393.2m Series B at a €2.2bn valuation to accelerate AI-driven materials discovery, launching the AI Materials Foundry coalition with 45+ founding members including Nvidia, Meta and Samsung. Read more here.
Stuttgart-based Sereact raised €116m Series B to scale its physical AI robotic brain for warehouse and manufacturing automation, with 200+ systems deployed across Europe completing over 1 billion production picks. Read more here.
London-based Greenjets raised €35m Series A with NATO Innovation Fund backing to scale aerospace propulsion systems and low-cost drone defence technology for the Alliance. Read more here.
Leeds-based Xentra secured €3.18m in funding to scale its cybersecurity services for SMEs, with clients including Leeds United and Leeds Bradford Airport. Read more here.
Lugo-based Sensesbit raised €1m to scale its AI-powered sensory intelligence platform for the food industry, digitising and standardising decision-making with agentic AI across Europe and Latin America. Read more here.
Zurich-based goNEON secured €160k from Venture Kick to accelerate its agentic AI platform for infrastructure planning, automating years of planning work with AI-generated designs. Read more here.
📣 Fund news
US-based Lockheed Martin Ventures opened its European office and committed €87m to invest in UK and European defence and allied technology startups, strengthening the transatlantic defence industrial base. Read more here.
🤝 M&A
Milan-based Contents acquired Barcelona-based Balio, a corporate financial wellbeing platform, in its sixth buy-and-build deal to integrate AI capabilities into enterprise financial wellness products. Read more here.
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