European spacetech scale‑up Iceye opened a new subsidiary in New Delhi, India, to provide advanced intelligence, surveillance and environmental monitoring services to Indian defence and intelligence agencies and to build local manufacturing capabilities.
Starcloud, a US space‑AI startup co‑founded by Romanian engineer Adi Oltean, announced a $250 million Series A extension, raising its total capital to $450 million and valuing the company at $2.3 billion as it builds a constellation of data‑center satellites.
Dutch dictation‑app startup Wispr secured $280 million of growth capital after a $30 million Series A, pushing its valuation to $2 billion. The round involved existing, new and private investors. The company, led by CEO Tanay Kothari, also launched a meeting‑transcription app called Notetaker and claims rapid quarterly revenue growth with a base of 100 k business users.
QuantumLight, the venture capital firm created by Revolut co‑founder Nikolay Storonsky, closed a $500 million second fund, twice the size of its first fund, to back high‑growth tech companies across AI, crypto, fintech, SaaS and healthtech. The fund is managed by CEO Ilya Kondrashov and will use an AI‑driven selection platform called Aleph to pick investments.
Swiss construction‑tech startup Gravis Robotics secured a €172 million Series A investment from SoftBank, pushing its valuation past €1 billion and making it Europe’s newest robotics unicorn. The funding will be used to grow the team, expand globally and scale its autonomous‑excavator technology, which is already deployed on projects across four continents for customers such as Holcim and HD Hyundai.
German startup NEURA Robotics announced it will acquire Bosch Rexroth’s ACTIVE Shuttle driverless transport system, integrating it into its Physical AI ecosystem. The move follows a $1.4 billion Series C round raised in June to accelerate development of its autonomous robot platform.
AI giant Anthropic is negotiating to acquire Decart AI, a startup specializing in world models, for roughly 60 billion Swedish kronor.
Mistral AI, a French AI startup, unveiled a major infrastructure push to deliver 1 GW of European AI compute by 2030. The plan includes regional inference endpoints, a premium SLA‑backed tier, and long‑term compute contracts with European enterprises, backed by €830 million of debt financing. The move positions Mistral as a sovereign AI infrastructure provider, complementing its partnership with Microsoft and its open‑model hosting strategy.
After his hedge fund Situational Awareness suffered a historic crash, investor Leopold Aschenbrenner is returning to the market with a new multi‑billion‑krona investment in Swedish chip maker Source Foundry.
UK air‑defence startup Cambridge Aerospace announced a fresh fundraising round that lifted its valuation to $3.4 bn, underscoring rapid growth in the European defence‑tech sector.