Ecosystems

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ElevenLabs’ CEO on hitting ~$600m revenue and outrunning the AI labs

The ALL-IN Podcast took its live show to the Louvre this week for the RAISE Summit. It put ElevenLabs co-founder and chief executive Mati Staniszewski in the hot seat. Host Jason Calacanis opened where it stings: revenue, competition, and whether a voice startup can outlast OpenAI and Anthropic. “It’s the best time to be building,” […]

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Mark Cuban thinks Lovable and Replit can outlast the AI labs

At RAISE Summit in Paris on Wednesday, “Shark Tank” investor Mark Cuban made the case for AI coding tools like Lovable and Replit, Business Insider reports. They can hold their own against the big AI labs, he argued. The reason: they now bundle services a raw language model does not. Cuban is a Lovable investor, […]

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Gyre Energy raises $1.3m to make the world’s cold stores work less when power costs most

Across a scorching European summer, the least glamorous machines in the economy have been quietly straining. In cold stores and distribution depots, compressors run harder as the mercury climbs, pulling more power at exactly the hours power is dearest. It is a problem most operators have simply lived with. Gyre Energy, an Oxford-founded energy tech […]

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Tissium raises €60M to take its sutureless nerve glue to the US

Tissium has raised €60M to carry the world’s only FDA-cleared sutureless nerve repair system into US operating rooms. The Paris medtech wants to swap the surgeon’s needle for a dab of light-cured glue. For a severed nerve, the standard repair has barely changed in decades. A surgeon stitches the two frayed ends together under a […]

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UN urges AI firms to come clean on their environmental costs

The United Nations wants artificial-intelligence companies to stop treating the environmental bill as somebody else’s problem. In a call amplified this week by Secretary-General Antonio Guterres, the organisation is pressing the firms behind the AI boom to disclose the carbon, water, and land their systems consume, and to switch their data centres and supply chains […]

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Lovable CEO says Europe’s AI startups have a confidence problem, not a talent problem

Lovable CEO Anton Osika says European AI startups do not have a talent shortage, they have a confidence deficit. In a post on X over the weekend, Osika argued that founders were repeatedly told to move to San Francisco if they wanted to build a serious AI company, but that the real barrier was never […]

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Bending Spoons prices IPO at up to $1.62 billion, targeting $19 billion Nasdaq valuation

Bending Spoons, the Italian software company that acquires and restructures digital businesses, is seeking to raise as much as $1.62 billion in its US initial public offering, Reuters reported on Monday. The company plans to market 58 million shares at $26 to $28 each, with an early-July debut on the Nasdaq under the ticker BSP. […]

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A Kazakh fund-of-funds just made its first public venture bet on Central Asia’s startup boom

Kazakhstan’s Alem Capital Management has anchored a regional venture capital fund backing technology startups across Central Asia and the Caucasus, marking the fund-of-funds manager’s first publicly disclosed investment in the region’s startup ecosystem. Alem participated in the $25 million final close of Sturgeon Capital’s Emerging Opportunities II fund, joining existing and new investors including the […]

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Swiss startup Prem AI is raising $100M so hedge funds and law firms can own their AI instead of renting it

Prem AI, a Swiss startup that helps hedge funds and law firms run AI models on their own infrastructure, is raising $100 million in a Series A at a valuation of at least $500 million. The company expects to close the round in the third quarter. CEO and founder Simone Giacomelli said the pitch is […]

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Poland bought a stake in ElevenLabs to grow its next AI champion

Poland produced one of the world’s most valuable AI companies almost by accident. Now it is spending public money to make sure the next one stays closer to home. Vinci, the venture arm of Poland’s state development bank BGK, has taken an $11mn stake in ElevenLabs, the AI-voice firm valued at $11bn. The same day, […]

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