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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…
French startup Ÿnsect shot into the spotlight when “Iron Man” star Robert Downey Jr. touted its merits on the Late Show during Super Bowl weekend 2021. Now, nearly four years later, the insect farming company has been placed into judicial liquidation — essentially bankruptcy — for insolvency. The company’s demise is hardly a surprise, as…
After 33 years, Bernardo Quintero decided it was time to find the person who changed his life — the anonymous programmer who created a computer virus that had infected his university decades earlier. The virus, called Virus Málaga, was mostly harmless. But the challenge of defeating it sparked Quintero’s passion for cybersecurity, eventually leading him…
The excitement for the European startup market was hard to ignore at the annual Slush conference in Helsinki last month. But the actual data on the state of the region’s venture market shows a different reality. The upshot: The European market has not recovered from the global venture capital reset that occurred in 2022 and…
Underwater autonomous vessels and robots could play a substantial role in defense operations, but submersibles have historically had trouble communicating across large distances unless they rose to the surface. But coming up to transmit poses the very obvious risk of being exposed. Skana Robotics thinks it’s made a breakthrough with underwater communications using AI —…