Investors and funding

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The UK just collected billions in AI pledges on day one of London Tech Week

London Tech Week opened the way these events increasingly do: with a leaderboard of investment pledges. By the end of the first morning, the UK had collected several billion pounds in AI commitments, most of it aimed at the unglamorous machinery of compute. Prime Minister Keir Starmer kicked off the keynotes with a new national […]

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A former NASA chief is taking Quantum Space public at $1.2bn to build spacecraft for the next space race

The last time Jim Bridenstine shaped America’s space ambitions, he ran NASA. Now he is betting he can build the hardware for the next phase of the space race, and he wants public investors to fund it. Quantum Space, the Maryland startup Bridenstine now leads, is going public through a merger with a blank-cheque company, […]

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Bending Spoons, the Milan firm behind Evernote and Vimeo, files for a US IPO

Bending Spoons does not build many apps. It buys them, fixes the finances, and runs them. Now it wants Wall Street to buy a piece of the machine. The Milan-based group behind Evernote, WeTransfer, and Vimeo has filed for a US initial public offering, submitting a Form F-1 to the Securities and Exchange Commission. It […]

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Berlin’s GALVANY raises €10M to fix Germany’s broken heat-pump market, and it’s already profitable

Germany has no shortage of heat pumps on paper. What it lacks is a way to get them sold, installed, subsidised, and paid off without the whole thing falling apart somewhere in the middle. GALVANY, a Berlin startup that runs the entire heat-pump journey from sale to installation to ongoing energy management, has raised €10mn […]

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Ghent’s Companion.energy raises €7.8M to automate enterprise energy in real time

The seed round, led by Realyze Ventures and Pi Labs, will fund expansion into Germany and Spain as volatile power markets push large industrial firms past their spreadsheets. Electricity used to move with the seasons. Now it moves by the minute, and the spreadsheets that large industrial firms still rely on to manage it cannot […]

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A UK startup just raised $18.5 million to fly satellites where nobody else can

Between commercial aircraft at 10km and conventional satellites at 500km lies a band of near-Earth space that has never been used commercially. Very low Earth orbit, or VLEO, sits at 200 to 300km, an altitude historically reserved for spy satellites and the International Space Station. Reading-based NewOrbit announced on Monday an oversubscribed $18.5 million Series A to […]

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Moonshot AI wants a $30bn valuation six months after being worth $4bn. That tells you everything about China’s AI funding race.

Moonshot AI, the Beijing-based developer of the Kimi chatbot, is seeking as much as $2 billion in a new funding round that would value the company at $30 billion, Bloomberg reported on Sunday. If the round closes at that target, it would mark a seven-fold increase in capitalisation since December, when the startup was valued at just […]

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Moonshot AI wants a $30bn valuation six months after being worth $4bn. That tells you everything about China’s AI funding race. Read More »

Swiss startup GR3N raises €15.5M to build the world’s first microwave-powered PET recycling plant

Swiss cleantech startup GR3N has raised €15.5 million in a Series B round to build the world’s first commercial-scale microwave-assisted PET recycling plant. The round was led by 360 Capital, with new investor VP Textile also participating. The proceeds will fund MODUS, a 40,000-ton-per-year facility in Spain. PET is one of the most widely used […]

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Blackstone-backed AirTrunk plans $30bn India data centre push as the country becomes AI’s next construction site

Six weeks ago, AirTrunk did not operate in India. Now it wants to spend $30 billion there. The Blackstone-backed hyperscale data centre operator announced on Thursday that it plans to invest more than INR 3,000 billion ($30 billion) in India by 2030, building over 5 gigawatts of digital infrastructure capacity across multiple states and union […]

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Data-centre developer Switch in talks to raise at $50bn-plus valuation

Switch is trying to raise money at a valuation that would have looked implausible for a data-centre developer a few years ago. The Las Vegas company is in talks to raise billions of dollars at a valuation of at least $50bn, according to The Information, as it moves to capitalise on the demand for the […]

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