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Stanhope AI raises $8M to build adaptive AI for robotics and defence

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London-based deep tech startup Stanhope AI has closed a €6.7 million ($8 million) Seed funding round to advance what it calls a new class of adaptive artificial intelligence designed to power autonomous systems in the physical world. The round was led by Frontline Ventures, with participation from Paladin Capital Group, Auxxo Female Catalyst Fund, UCL Technology Fund, and MMC Ventures. The company says its approach moves beyond the pattern-matching strengths of large language models, aiming instead for systems that can perceive, reason, and act with a degree of context awareness in uncertain environments. Stanhope is developing what it terms a…

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Aerska raises $39M to help RNA medicines reach the brain

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For families living with neurodegenerative disease, the hardest part is not always the diagnosis. It is the slow erosion that follows: memory fading, personality shifting, independence shrinking. It unfolds quietly. First, forgotten appointments. Then repeated questions. Then moments when a familiar face no longer feels familiar. The illness does not isolate itself to one body. It rearranges the lives around it. Partners become caregivers. Children become decision-makers. Conversations grow shorter. Patience grows thinner. Guilt creeps in, for being tired, for wishing things were easier, for missing the person who is still physically there. Neurodegeneration is rarely a single patient story.…

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Databricks hits $5.4B revenue run rate and banks a $134B valuation in a rare software surge

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Databricks is having one of those years that most enterprise software companies would quietly envy. The data and AI platform says it has reached a $5.4bn annual revenue run rate, growing 65% year over year, at a time when growth across the sector has cooled noticeably. For a private company, that pace is rare. And it helps explain why investors have continued to pour money into Databricks, even as funding has become more selective. The company says it has now raised more than $7bn in total capital, including recent equity funding that values the business at $134bn, alongside a large…

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The European Union has put €700 million into NanoIC

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The European Union has formally inaugurated NanoIC, a semiconductor pilot line backed by a €700 million investment under the European Chips Act. The facility aims to accelerate the development of advanced chip technologies and strengthen Europe’s position in the global semiconductor landscape. Situated at the research hub imec in Leuven, NanoIC is designed as an open pilot line where companies, research institutes, and startups can prototype and test cutting-edge components before commercial deployment. Unlike traditional closed fabs, the facility offers access to beyond-2-nanometre system-on-chip (SoC) technologies, early-stage process design kits, and advanced toolsets that bridge the gap between laboratory research…

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Kembara closes €750M first close to fuel growth of European deep tech startups

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 Europe’s largest dedicated deep tech growth fund has taken a major step forward after closing the first tranche of its fundraising effort at €750 million. The fund, known as Kembara Fund I and managed by Spain-based Mundi Ventures, is aiming for a €1 billion target. It will invest in European companies developing breakthrough technologies in areas such as clean energy, AI, quantum computing, advanced materials, robotics, and space tech. A cornerstone of the fundraising so far is a €350 million commitment from the European Investment Fund, part of the EU’s attempt to strengthen local growth capital. Additional backing comes from…

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When the machines started talking to each other

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If cinema has taught us anything about interacting with our own creations, it’s this: androids chatting among themselves seldom end with humans clapping politely. In 2001: A Space Odyssey, HAL 9000 quietly decides it knows better than the astronauts. In Westworld, lifelike hosts improvise rebellion when their scripts stop making sense. Those stories dramatize a core fear we keep returning to as AI grows more capable: what happens when systems we design start behaving on their own terms? You might have heard the internet is worried about Moltbook, a social network made exclusively for AI agents. It’s an audacious claim:…

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Synthesia’s valuation jumps to $4B after $200M raise

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London-based AI video startup Synthesia has raised $200 million in a Series E round, nearly doubling its valuation to around $4 billion and cementing its position as one of Europe’s most valuable AI companies. The round was led by Google Ventures, with participation from existing investors, underscoring continued appetite for applied AI products that have already found a clear commercial use. Synthesia builds generative AI tools that let companies create videos using AI-generated avatars instead of cameras, studios, or presenters. The technology has found a strong foothold in corporate training, internal communications, and product explainers, areas where speed, scale, and…

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Engineering’s AI reality check

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Most engineering leaders cannot answer the one question their CFO is about to ask: “Can you prove this AI spend is changing outcomes, not just activity?” Every December, roadmaps get locked, budgets get approved, and board decks are polished until everything looks precise and under control. Underneath, many CTOs and VPs are still working with partial visibility. They have a feel for their teams, but not a reliable view of how work moves through the system, how AI is really changing delivery, or where time and money actually go. For a while, that was survivable. Experience, pattern recognition, and cheap…

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Founders’ takes: Why we need European AI employees

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Founders’ takes is a new series featuring expert insights from tech leaders transforming industries with artificial intelligence. In this edition, Lucas Spreiter, founder of German startup Venta AI, shares his vision of AI employees. Artificial intelligence is about to enable the most dramatic shift of the century: the transition from human labour to AI labour. In the coming years, businesses won’t just use AI as a tool — they’ll employ AI as real colleagues, handling critical workflows end-to-end. That shift is inevitable. The real question is: whose employees will we be hiring? If Europe doesn’t catch up with the US and…

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