Spain-based Multiverse Computing raised €500m Series C, reaching a €1.5bn valuation to become Europe’s newest unicorn. Serbia also got their first unicorn, as Ominimo reached a €1.4bn valuation two years after launching. OpenAI expanded in Europe, leasing a new Dublin headquarters and adding 250 jobs as it races Anthropic for office space on the continent.
Let’s dive in.
💰 Funding rounds
San Sebastian-based Multiverse Computing raised €500m Series C hitting unicorn status to develop sovereign AI infrastructure that compresses large language models for efficient deployment across cloud, edge, and on-device environments. Read more here.
Budapest-based Ominimo raised €20.1m Series B hitting unicorn status to scale motor insurance products using AI-powered data segmentation and pricing. Read more here.
Manchester-based Nuclear Turbines raised €17.5m foundational round to develop compact, cost-effective advanced nuclear power systems using high-temperature turbine technology. Jeremy Owston, Professor Tim Abram. Read more here.
Milan-based Beelzebub raised €3m seed to develop AI-native cybersecurity platform protecting enterprises from AI-driven cyberattacks using deception and threat simulation. Mario Candela. Read more here.
🌱 Startup news
Munich-based The Exploration Company is negotiating to raise at least $300m to develop reusable cargo return capsules from orbit providing European space sovereignty for bringing experiments and samples back from ISS. Read more here.
💡 Other news
Dublin-based OpenAI leased 88,000 sq ft at Tropical Fruit Warehouse for EU headquarters and plans to add 250 jobs over two years as AI giants’ European office race accelerates. Emma Redmond. Read more here.
🎧 Podcasts
Scaling Europe Podcast featured Linus Eriksson Noren and Resat Ozutok, Co-founders of TechCredit Partners, on debt capital raising for tech founders without equity dilution. Listen here.
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