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Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV

The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took roughly three-quarters of the deal. Silex Microsystems opened sharply higher on its Nasdaq Stockholm debut on Wednesday, with the chipmaker’s […]

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Why Nexus Luxembourg has become a fixture in Europe’s AI calendar

On 10–11 June, the Grand Duchy hosts the third edition of its flagship tech summit, weeks before the EU AI Act’s most consequential provisions enter into force. Here is what the event has become, and why it matters this year in particular. Luxembourg, with a population smaller than Manchester’s and an outsized role in European […]

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Skyroot becomes India’s first space-tech unicorn ahead of June Vikram-1 launch

GIC and BlackRock-managed funds anchor a fresh round that more than doubles the company’s 2023 valuation. The round is timed to the planned orbital launch of Vikram-1 from Sriharikota, the first private Indian rocket to attempt the milestone. Skyroot Aerospace, the Hyderabad-based private launch-vehicle developer, has crossed into unicorn territory with a fresh round backed […]

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Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories

Meituan Dragon Ball is leading a $2bn round in the Beijing-based maker of the Kimi chatbot, with China Mobile and CITIC Private Equity Funds participating. The valuation is roughly seven times the figure Moonshot carried sixteen months ago. Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2bn funding round at a […]

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Lawrence Wong holds the line: AI will not produce jobless growth in Singapore

Singapore’s parliament has pledged that the country will not see jobless growth as artificial intelligence reshapes the economy, Bloomberg reported on Tuesday in coverage citing Channel NewsAsia. The statement reaffirms the position Prime Minister Lawrence Wong took in February during the parliamentary debate on the 2026 Budget, and represents the most explicit commitment a major […]

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Scale AI wins $500m Pentagon contract, five times its previous Defense Department deal

The agreement was signed with the Pentagon’s Chief Digital and Artificial Intelligence Office, the procurement vehicle driving the bulk of US military AI integration spending in 2025 and 2026. Microsoft, Amazon, and Google signed parallel classified-network deals the same week. Scale AI has won a $500m contract from the US Department of Defense, Bloomberg reported […]

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Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round

The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can be similarly compressed. Corgi, a Y Combinator-backed AI-native insurance carrier built for startups, has raised a […]

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