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Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand

Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. By the standards of this year’s AI rounds, €7mn is small. The argument behind it is not. amber connects and structures a company’s internal […]

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Higgsfield raised $400mn at $5.4bn, four times its January valuation

Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT DOCOMO Ventures. The company was valued at $1.3bn in January. That is roughly four times higher […]

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The AI store manager fired its first human. It had to be reminded of its own rules first

Luna runs Andon Market, a shop at 2102 Union Street in Cow Hollow. Andon Labs, the safety startup behind it, reported the dismissal on Thursday. Business Insider’s Katherine Li first reported the decision and interviewed the lab. Luna is built on Anthropic’s Claude Sonnet 4.6. The headline writes itself. The conversation logs say something else. […]

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Canva’s backers cut $7.1bn from its valuation, and its own valuer cut more

Emma Rapaport and Paul Smith reported the markdown for the Australian Financial Review on 14 August. The figure appears two ways and both are correct. It is $7.1bn in US dollars, and A$10bn, which is the number most headlines carried. The cut takes Blackbird and Airtree’s mark from $42bn to $34.9bn, a drop of 17%. […]

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Europe’s ‘Made in EU’ rules start at 5%, and they do not mention software

The Industrial Accelerator Act arrived on 4 March 2026 as COM(2026)100, alongside an impact assessment and three staff working documents, per the European Commission. Its formal title says what it is for. It establishes a framework for accelerating industrial capacity and decarbonisation in strategic sectors. It is a proposal, not a law. It is now […]

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Airbnb’s CEO says nobody builds AI for normal people. He is on Y Combinator’s board

The Airbnb chief executive made the argument on the Yahoo Finance podcast Power Players with Brian Sozzi this week. His diagnosis has two parts. “I think part of it’s a narrative issue that we’re not talking about AI correctly,” he said. The second part is the product. “We need to actually be developing more products […]

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Accel raised $3.5bn. Europe now gets the same fund as the US

Accel is a venture capital firm. It gives money to startups early, usually before anyone else has, and takes a stake in return. It has done this since 1983, and it wrote the first institutional cheque into Atlassian, CrowdStrike, Flipkart and Slack. On Tuesday it said it had raised $3.5bn for four new funds, Bloomberg […]

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Legora is reportedly chasing a $10bn valuation, barely a season after its last raise

Legora, the Swedish legal-AI company that has become one of Europe’s fastest-rising startups, is reportedly seeking to raise fresh funds at a valuation of more than $10bn. If it lands, the deal would roughly double the figure investors put on the business only months ago, a pace that says as much about the frenzy around […]

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Beyond algorithms: Booker Loud on building social platforms people trust

Trust in social media is slowly eroding, even as global engagement continues to rise. Platforms have become deeply embedded in everyday life, yet the quality of interaction they facilitate is under increasing scrutiny. For Booker Loud, founder and CEO of Pin-Social, this contradiction reflects a fundamental design challenge that has shaped the industry for more […]

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Megadeals took 87.5% of US venture dollars, and the rest of the market is priced by vintage

PitchBook published its Q2 US VC Valuations report on 10 August. Megadeals took 87.5% of the dollars deployed in the first half of 2026. PitchBook defines those as rounds of $100m or more. AI is the primary driver of that concentration, though the figure describes deal size rather than sector. The AI premium is real […]

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