Humanoid, a London-based robotics startup, is in talks for a $200m funding round that would value the company at approximately $1bn. The deal involves Saudi Arabian oil giant Aramco.
NestAI, a Finnish AI defense startup, has launched its first military AI models and secured €100m in funding led by Nokia and Tesi. The company aims to reduce Europe’s dependence on foreign defense tech by providing autonomous drone systems and battlefield orchestration tools. It partners with AMD, Finland’s LUMI supercomputer, and quantum startup Qutwo to optimize AI for edge computing.
Nscale’s flagship UK data centre project is delayed due to grid capacity issues, with the company seeking alternative power solutions. The project, part of a $5bn funding-backed expansion, aims to provide Nvidia GPUs to clients like Microsoft.
Helsing, a Munich-based defense tech startup, secured $1.8 billion in a Series E round led by Dragoneer, Lightspeed, and Goldman Sachs. The funding will expand its AI-powered defense systems, including autonomous drones and underwater surveillance, while maintaining European ownership despite global investor interest.
Oxylabs, a Vilnius-based data infrastructure platform, raised €113.6 million from Warburg Pincus at a €3.1 billion valuation. This marks its first external investment since 2015 and positions it as a leader in AI-era web intelligence. Funds will accelerate product development, global expansion, and strategic acquisitions.
Kraken Technology Group, a London-based developer of uncrewed autonomous maritime vehicles, secured $175m in Series B funding led by DTCP. The company produces maritime defence vessels like K3 Scout, K4 Manta, and K5 Kraken, with contracts from the UK Ministry of Defence, NATO, and US Special Operations Command. Funds will expand global deployment of mission-ready maritime capabilities.
SpaceXAI, owned by Elon Musk, launched Grok 4.5, an advanced AI model trained on NVIDIA chips with enhanced programming capabilities. The model is now available in Grok Build and Cursor but will be accessible in the EU by mid-July 2024.
Telenor, a Norwegian telecom operator, has acquired a controlling stake in Bahnhof, a Swedish telecom company, for 6.1 billion SEK. The transaction values Bahnhof at 6.1 billion SEK, and Telenor intends to make a bid for the remaining shares.
Swedish SaaS startup Lovable is in advanced talks to secure a $300 million funding round at a $13.2 billion post-money valuation, with participation from major global investors.
Munich-based Proxima Fusion secured €411 million in a €2.5 billion valuation round led by XTX Ventures and East X Ventures, with Google as a notable investor. The funding will accelerate development of its nuclear fusion technology, including the Alpha stellarator project. The company aims to secure additional €1.2 billion from the German federal government for commercialization.