London-based Fractile is raising money at a $6.5bn valuation, six times higher than three months ago, after agreeing to sell $250m worth of AI chips to Anthropic as it tries to take on Nvidia. Milan-based Domyn also won an EU contract to lead a consortium building a 400-billion-parameter open-source AI model covering all 24 official EU languages, after already raising over $1bn to fund its ambitions.
Let’s dive in.
💰 Funding rounds
London-based Callosum raised $100m to unify AI models and chips. Read more here.
Stockholm-based Pixelgen Technologies raised €13.26m to advance spatial mapping of cell-surface proteins. Read more here.
Odense-based Velatir raised €5m to expand its AI infrastructure across Europe. Read more here.
Gothenburg-based Solinide raised €4m to commercialise photonic chips for AI data centres. Read more here.
Antwerp-based Artwod raised €1.1m to launch creators’ marketplace. Read more here.
Vilnius-based Guideless raised €1m to turn software workflows into narrated video training guides using AI. Read more here.
London-based Paralo raised £270k to tackle golf’s fragmented technology stack. Read more here.
🌱 Startup news
London-based Fractile eyes $6.5bn valuation after Anthropic chip deal as UK AI challenger takes aim at Nvidia. Read more here.
💡 Other news
Milan-based Domyn is looking to raise $2bn as it approaches $1bn ARR and was chosen by the EU to develop an open-source AI model covering all 24 official EU languages. Read more here.
🎧 Podcasts
Scaling Europe Podcast featured Danyal Akarca, Co-founder at Callosum, on their $100m raise. Listen here.
EU-Startups Podcast featured Angela Ivanova, co-founder and CEO of LAM’ON, on building sustainable, compostable packaging solutions that integrate with paper recycling. Listen here.
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