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Eighteen months after selling his startup to chipmaker AMD for $665 million, Finnish entrepreneur Peter Sarlin has left his role as CEO of the unit now known as AMD Silo AI. He is now chairman at two new ventures: physical AI lab NestAI, and QuTwo, an AI startup aimed at helping companies prepare for the…
Amid growing demand for data centers that can deliver AI compute at scale, Nvidia-backed British AI infrastructure company Nscale is now valued at $14.6 billion. This makes it one of Europe’s latest decacorns alongside Helsing and Mistral AI. Nscale has bet on vertical integration, from energy and data centers to compute and orchestration software. Its…
Amid enduring investor appetite for all things quantum, another European company in the space is graduating from the private markets. Just two weeks after Finnish quantum unicorn IQM said it was going public via a merger with a special purpose acquisition company (SPAC), its French rival Pasqal is doing the same. Accompanied by a separate…
Large language models have a problem: they are large. Multiverse Computing, a Spanish startup, is addressing this issue with compressed models that aim to close the gap between what frontier models can do and what companies can actually afford to deploy. The secret sauce is CompactifAI, a compression technology inspired by quantum computing that the…
Quantum computing will not be replacing supercomputers in 2026, let alone reaching industrial scale. And yet, investor appetite for companies pursuing the elusive quantum advantage hasn’t dwindled — it has increased. Quantonation Ventures, a venture firm investing in quantum and physics-based startups, has closed its oversubscribed second fund at €220 million, or approximately $260 million….
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest…
Europe invests billions into early-stage climate startups, only to watch too many fail at Series B, according to a recent report. But new funds are being raised to fill this gap, and Spain-based Mundi Ventures’ latest fund, Kembara Fund I, is one of them. After securing a €350 million commitment from the European Investment Fund…
Language learning marketplace Preply is now valued at $1.2 billion after raising a $150 million Series D round that marks a new chapter for the 14-year-old company, whose previous backers include Horizon Capital, Hoxton Ventures, Owl Ventures and Techstars Berlin. While Preply has been connecting language learners with tutors since 2013, it has now been…
French defense tech company Harmattan AI is rising almost as fast as the supersonic planes of its new backer. Founded in 2024, the company is now valued at $1.4 billion after raising a $200 million Series B round led by Dassault Aviation, which is best known for making the Rafale fighter jet. Harmattan AI, which…
Universities and research labs have long been Europe’s deep tech treasure trove. Now, academic spinouts have consolidated into a solid startup funnel worth $398 billion — and VC money is following. According to Dealroom’s European Spinout Report 2025, 76 of these deep tech and life sciences companies have either reached $1 billion valuations, $100 million…