London-based Nscale is preparing for a US IPO as early as September, after locking in $51bn worth of contracts and bringing on Goldman Sachs and JPMorgan to help. UK-based Ahbstra also launched the ARK, a machine using Nobel Prize-winning material science to pull up to 500 litres of drinking water from the air each day for drought-hit Mediterranean properties.
Let’s dive in.
💰 Funding rounds
Munich-based NavVis raised €73.2m Series D to build its spatial data engine and accelerate AI development for capturing photorealistic digital twins of buildings and industrial facilities. Read more here.
Cyprus-based Omilia raised €58.1m Series B to scale its self-learning AI agents that automate customer service interactions with precision and deliver personalised experiences across all channels. Read more here.
Glasgow-based Mironid raised €39.9m Series B to develop new treatment options for patients with rare inherited kidney diseases. Read more here.
London-based Safehire.ai raised €583.2k follow-on investment to scale its AI-powered digital risk screening platform helping organisations make safer hiring and access decisions. Read more here.
🌱 Startup news
UK-based Ahbstra launches a water-from-air harvesting machine producing up to 500 litres of drinking water daily using Nobel Prize-winning MOF technology, addressing water scarcity in Mediterranean regions and beyond. Read more here.
💡 Other news
London-based Nscale is reportedly preparing for a US initial public offering as early as September with a $51 billion AI contract backlog, positioning the company as a major player in enterprise AI infrastructure. Read more here.
🎧 Podcasts
Scaling Europe Podcast featured Ameera Patel, CEO of TidalSense, on how the company’s handheld device diagnoses COPD in under four minutes, now deployed across the NHS and having raised $19m to expand into 60+ countries. Listen here.
Subscribe to the weekly edition for the highlights here.