Oura has confidentially filed for an IPO, while London-based Inherent emerged from stealth with a $50m Seed round to build what it calls AI-native science. Fonoa also raised €94m and bought PwC’s indirect tax platform Edge.
Let’s dive in.
💰 Funding rounds
Dublin-based Fonoa raised €94.4m Series C and acquired PwC’s indirect tax platform Edge to build an AI-powered tax operating system for global businesses. Read more here.
London-based Inherent emerged from stealth with a $50m Seed round to build AI systems for scientific discovery and what it calls AI-native science. Read more here.
Paris-based MokN raised €12.9m Series A to help enterprises recover compromised credentials before they can be exploited by cybercriminals. Read more here.
Barcelona-based Mafer AI raised €2m pre-Seed to build an AI operating system for R&D teams across formulation industries including chemicals, food, cosmetics and fragrances. Read more here.
Oslo-based Cloudgeni raised €858k to build AI agents that securely build and operate cloud infrastructure, as the company expands across the Nordics and the US. Read more here.
🌱 Startup news
Berlin-based Stark is reportedly seeking at least €300m in fresh funding at a €2.5bn valuation as it scales autonomous strike drones and defence systems. Read more here.
💡 Other news
Oulu-based Oura has confidentially filed for an IPO after launching Ring 5, a smart ring the company says is 40% smaller than its predecessor. Read more here.
🤝 M&A
Dutch AI marketing company Aizy acquired fellow Dutch performance marketing software company Uptmz to create an integrated advertising platform across Google, Microsoft and Meta. Read more here.
UK payments fintech TrueLayer acquired Dutch fintech In3 to expand into consumer credit and offer both debit and credit payment options at checkout. Read more here.
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