The week started Peec AI making the headlines as it races towards a $200m valuation after hitting $10m ARR. Europe’s semiconductor ambitions also received another boost, with Openchip securing €115m to accelerate the design of AI and high-performance computing chips. The British Business Bank reached a milestone of its own, investing more than €695m into UK science and technology scaleups across a direct equity portfolio of more than 50 high-growth companies.
Let’s dive in.
💰 Funding rounds
Barcelona-based Openchip secured €115m to strengthen Europe’s semiconductor capabilities and accelerate the design of high-performance, energy-efficient chips for AI and high-performance computing. Read more here.
London-based Gaussion raised €24.5m to scale its battery intelligence technology for applications ranging from EVs and drones to data centres. Read more here.
Prague-based Wultra raised €6.8m Series A to scale its platform and accelerate development of digital identity wallet capabilities to support the rollout of the European Digital Identity Wallet ecosystem. Read more here.
Syracuse-based Archimede raised €1.5m Seed to scale its platform for managing and monitoring off-grid critical infrastructure. Read more here.
Switzerland-based Subatron secured €162k from Venture Kick to develop its underwater communication platform for real-time data transmission. Read more here.
Estonia-based Vegvisir raised funding to scale its AI-powered command-and-control platform for allied unmanned systems across NATO member states. Read more here.
🌱 Startup news
Berlin-based Peec AI is set to raise new funding at a $200m valuation after reaching $10m ARR and opening its first US office. Read more here.
💡 Other news
British Business Bank invested more than €695m into British science and technology scaleups, increasing its direct equity portfolio to more than 50 high-growth companies. Read more here.
📣 Fund news
UK-based Osney Capital closed its oversubscribed €69m debut fund to back early-stage UK cybersecurity startups. Read more here.
Milan-based P101 integrated PranaVentures and launched the €100m Prana101 fund to back Pre-Seed and Seed technology startups across Italy and Europe. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Jonathan Godwin, Co-founder and CEO of Orbital Industries, on using AI to discover advanced materials for data centres, semiconductors, energy and aerospace. Read more here.
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