Investors and funding

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Qover raises $12M from CIBC, and sets its sights on 100 million people protected by 2030

The Belgian embedded insurance orchestration platform, which backs Revolut, Mastercard, BMW, and Monzo, has tripled revenue over four years and now covers 15 million people across 32+ countries. Total funding crosses $100 million. Qover, the Belgian embedded insurance orchestration platform, is marking its tenth anniversary with a $12 million growth capital facility from CIBC Innovation […]

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Microsoft commits $1 billion to Thailand for cloud and AI infrastructure

Brad Smith met Prime Minister Anutin Charnvirakul in Bangkok to announce the 2026-2028 investment spanning data centre infrastructure, cybersecurity, sovereign technology, and AI skills training for millions of Thai workers. Microsoft has announced a commitment of more than $1 billion in cloud and AI infrastructure in Thailand between 2026 and 2028, the company’s largest publicly […]

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Empirical Ventures secures £10M from the British Business Bank to back UK ‘venture scientists

Empirical Ventures, which backs what it calls “venture scientists”, PhDs building deeptech companies across energy, materials, and life sciences, has received a fresh £10M commitment via the BBB’s Regional Angels Programme, taking total support to £15M. Empirical Ventures, the Bristol-based deeptech fund co-founded by two scientists-turned-investors, has secured a £10 million commitment from the British […]

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Rebellions closes $400M pre-IPO round at a $2.34B valuation

The South Korean fabless AI chip company, backed by Samsung, SK Hynix, and Aramco, raises $650M in six months and targets Meta and xAI as US customers. Korea’s National Growth Fund chose Rebellions as its very first investment. Rebellions, the South Korean AI inference chip company, has closed a $400 million pre-IPO funding round led […]

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ScaleOps raises $130M to autonomously manage cloud and AI infrastructure

The New York and Israel-based startup, founded by a former Run:ai engineer and professional triathlete, has grown 350%+ year-on-year and counts Adobe, Wiz, DocuSign, and Salesforce among its customers. Insight Partners led the Series C. ScaleOps has raised $130 million in a Series C round at a valuation of more than $800 million, led by […]

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Midas raises $50M Series A to solve tokenised finance’s liquidity problem

The Berlin-based RWA tokenisation platform, which has powered $1.7B+ in asset issuance and won EU regulatory approval to serve retail investors, is using the round to launch Midas Staked Liquidity, a dedicated liquidity layer designed to make instant redemptions the default for on-chain investment products. Midas, the Berlin-based platform that tokenises institutional investment strategies into […]

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Uber is acquiring Blacklane, the Berlin chauffeur platform backed by Sixt and Mercedes-Benz

The deal, financial terms undisclosed, expected to close by end of 2026, arrives weeks after Uber launched its own Uber Elite chauffeur service and positions the ride-hailing giant as a serious player in the corporate and executive travel segment. Uber has agreed to acquire Blacklane, the Berlin-founded global chauffeur platform, in a move that accelerates […]

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Uber is acquiring Blacklane, the Berlin chauffeur platform backed by Sixt and Mercedes-Benz Read More »

Mistral secures $830M from seven banks to build its own AI data centre

The French AI company has secured the financing from a seven-bank consortium including BNP Paribas, Crédit Agricole CIB, HSBC, and MUFG. The data centre at Bruyères-le-Châtel is expected to be operational in Q2 2026 and is part of a broader push for European AI compute sovereignty. Mistral AI has raised $830 million in debt, its […]

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Kandou AI raises $225 million to bet that copper can outlast the optical revolution

Kandou AI, a Swiss semiconductor company that builds chip-to-chip interconnect technology, has raised $225 million in what it calls a Series A round, led by Maverick Silicon with strategic participation from SoftBank, Synopsys, Cadence Design Systems, and Alchip Technologies. The round values the company at $400 million. The label is worth pausing on: Kandou was […]

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SoftBank secures $40B bridge loan to fund its OpenAI bet

The unsecured facility, arranged with JPMorgan Chase, Goldman Sachs, Mizuho, SMBC and MUFG, matures in March 2027. Once SoftBank’s $30B follow-on investment in OpenAI closes, its cumulative stake will total approximately $64.6B, representing roughly 13% of the company. Masayoshi Son has never been accused of thinking small, but the pace and scale of his bet […]

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