London-based OLIX raised €270.5m Series B at a €2.8bn valuation just two years after launching its AI chip startup, with backers including Netflix co-founder Reed Hastings and the UK government’s Sovereign AI fund. Mastercard also completed a $1.8bn acquisition of BVNK, a UK-based stablecoin infrastructure startup, becoming the first major public payments firm to enter the stablecoin market through M&A.
Let’s dive in.
💰 Funding rounds
London-based OLIX raised €270.5m Series B at €2.8bn valuation to scale its AI chip infrastructure for frontier AI inference using optical interconnects and specialised silicon. Read more here.
Helsinki-based Aiforia raised €20m to advance AI-powered cancer diagnostics and digital pathology platform for tumour detection and tissue analysis. Read more here.
Italy-based Aflabox raised €1.35m Seed to scale AI-powered portable aflatoxin detection platform for food safety across Africa and Europe. Read more here.
🤝 M&A
Tel Aviv-based Clarity AI got acquired by Deel to embed continuous identity security and deepfake detection across hiring and workforce lifecycle. Read more here.
UK-based BVNK got acquired by Mastercard to advance global stablecoin capabilities and connect on-chain payments with traditional finance. Read more here.
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