Investors and funding

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Harvey closes a $550M round at a $15.6bn valuation and acquires Guardrails AI

Harvey has closed a $550mn funding round at a $15.6bn valuation, slightly above the terms we reported it was seeking in August. The company has also acquired AI agent security startup Guardrails AI this week. The round was reported on Wednesday, and it was co-led by Lightspeed Venture Partners and Diffusion, a new firm co-founded […]

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NextDC raises A$1.1bn in convertible notes, its third capital raise in four months

NextDC is raising A$1.1bn, about $796M, through convertible notes to fund the continued expansion of its Australian data centres. It is the third time the company has raised capital in a little over four months. The terms were reported by Reuters on Wednesday. The notes mature on 17 September 2031, with holders able to put […]

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Nvidia-backed Zankore raises a $3.1bn loan to buy Nvidia GPUs for Indonesia

Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for. Citi acted as exclusive debt adviser, while Citi, ING, Natixis CIB, Qatar National […]

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CloudNC raises $20M to expand its AI machining tools and launch a quoting product

CloudNC has raised $20mn to push its AI machining software into more workshops and launch a second product aimed at quoting, the commercial bottleneck that sits in front of every job a precision manufacturer takes on. The round is led by Nimble Ventures, a US venture investor, with Calculus Venture Capital, Entrepreneur First and LM […]

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Google will invest €13bn in four Finnish data centre sites over two years

Google will spend €13bn on data centre infrastructure across four Finnish sites during 2027 and 2028, its largest single investment in Europe, the company announced the plan today. The money covers Hamina, where it has operated since 2009, alongside Kajaani, Muhos and Vaala. Alongside it comes a 22-year power purchase agreement with Fortum supporting the […]

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Reid Hoffman joins Mosaic Ventures as an advisory partner

Reid Hoffman says he is joining Mosaic Ventures, a London seed and Series A firm that now describes AI in Europe as its sole focus, as an advisory partner. His stated contribution is US connectivity from Silicon Valley, meaning talent, company connections and capital. Reid Hoffman says he is joining Mosaic Ventures as an advisory […]

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The Exploration Company raises $450m to build a rocket engine

The Exploration Company has raised $450m. Most of it goes into something the company is not yet famous for. Not Nyx, the reusable capsule that has drawn the contracts and the SpaceX comparisons. An engine. Kate Duffy reported the round for Bloomberg. Founder and chief executive Hélène Huby told her why the balance falls that […]

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Stoke Space raises $1bn for a rocket that has never flown

Stoke Space has raised a billion dollars for a rocket that has never flown. The Washington company says the Series E takes its total funding to $2.3bn. It has not yet reached orbit once. Point72 Ventures and Spark Capital co-led the round, according to Stoke’s announcement. General Innovation, Glade Brook Capital, US Innovation Technology, Washington […]

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Mistral raises €3bn at a €21bn valuation in Europe’s largest tech equity round

Mistral has raised €3bn in a Series D at a post-money valuation of more than €21bn, which the company says is the largest equity fundraising ever completed by a European technology firm. Samsung Electronics led the round, three years after the Paris company was founded. The co-leads are the part worth pausing on. One is […]

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Musk ally’s Valor to lead $500m Uforce round at $5bn, Bloomberg reports

Uforce, the London-based drone company built from Ukrainian battlefield manufacturers, is in talks to raise about $500m at a valuation of around $5bn, Bloomberg reported on Monday. Valor Equity Partners, the firm run by SpaceX board member Antonio Gracias, would lead the round. Yazhou Sun and Rebecca Torrence cited people familiar with the matter who […]

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