ElevenLabs is in talks for a secondary sale that would value the London-based AI voice company at $22bn, doubling its price tag just five months after its $11bn Series D. In the Netherlands, the Ministry of Defence signed a multi-year, multimillion-euro partnership to run all its unmanned military systems through one software platform, becoming the first country to formally adopt this approach.
Let’s dive in.
💰 Funding rounds
London-based geoSurge raised €10m Seed to help brands understand how they’re represented inside AI-generated outputs and expand its Corpus Engineering platform. Read more here.
Switzerland-based ALP Bio raised €161k from Venture Kick to advance its AI platform for predicting immune-related risks in biologic medicines. Read more here.
Dr Christian Vahlensiek, Dr Lucas Schaus, Anatol Ehrlich, Punit Mehra🌱 Startup news
London-based ElevenLabs is in early talks for a secondary sale that would value the AI voice company at $22b, doubling its valuation five months after its $11b Series D. Read more here.
💡 Other news
The Dutch Ministry of Defence signed a multi-year, multimillion-euro partnership with Intelic to build a software-first command-and-control foundation for its unmanned systems, making the Netherlands the first country to formally adopt this approach. Read more here.
London-based Starling Bank is cutting around 130 jobs to simplify operations and reduce duplication amid a broader AI push across the challenger bank. Read more here.
German state Mecklenburg-Vorpommern rolled out a statewide Nextcloud collaboration platform, aiming to reach 50,000+ public-sector employees as part of its digital sovereignty strategy. Read more here.
VC firms backed by the EU’s European Tech Champions Initiative are split over a proposed rule that would require them to invest more within Europe. Read more here.
Andy Burnham, Mayor of Greater Manchester, is reportedly planning to end Greater Manchester’s relationship with Palantir Technologies, despite the company’s seven-year, £330m NHS contract. Read more here.
📣 Fund news
Copenhagen-based Climentum Capital reached a €60m first close of its second fund to back European climate HardTech startups developing industrial and energy technologies. Read more here.
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