AI upstart Thinking Machines is said to soon complete a capital round of about 50 billion SEK, with its valuation expected to jump sharply. The company was founded by OpenAI veteran Mira Murati.
German entrepreneur David Reger, CEO of Neura Robotics, secured a $1.4 billion funding round – the biggest ever in Germany – with backing from Amazon, Nvidia, Bosch and Schaeffler. The capital will be used to mass‑produce AI‑driven industrial robots and digital‑twin technology, positioning the company as a key player in the country’s future robotics sector.
Cohere, a Canadian sovereign AI provider for regulated sectors, closed the first tranche of a massive Series E round targeting up to CAD $7 billion. The round already includes strategic investors such as NVIDIA, the German retail conglomerate Schwarz Group, and the Canadian government, underscoring the company’s push to dominate AI services for highly regulated markets.
After a billion-dollar funding round in the autumn, three new strategic investors are coming on board Tandem Health to speed up AI rollout in European healthcare systems.
Swedish AI lawyer startup Legora has closed a new funding round, raising 5.5 billion SEK and pushing its valuation to nearly 90 billion SEK.
Estonian web‑traffic management startup Blackwall secured $100 million in a Series C financing led by AVP, bringing its valuation to $2.2 billion and funding its plan to build a global traffic‑management ecosystem for hosting providers.
Tenstorrent, an AI chip and server maker led by Jim Keller, completed a $1.5 billion Series E round, bringing its valuation to $6.2 billion, with participation from European VC R+ VC alongside Fidelity and Trace Capital.
Swiss biotech Nouscom raised €120 million in a Series D round co‑led by M Ventures and Revelation Partners, bringing its neoantigen‑based immunotherapy platform closer to a registration‑enabling trial for cancer interception in Lynch Syndrome patients.
TechWolf, a Ghent‑based AI startup that helps companies map employee skills and work patterns, is being bought by SAP for a sum in the hundreds of millions of dollars. The deal is described as the biggest venture‑backed software acquisition in Belgium, and the co‑founder highlighted the importance of Ghent’s startup flywheel effect.
The article highlights that veteran entrepreneurs and serial founders are dominating recent funding rounds in early October, noting that former Spotify engineer Erik Bernhardsson has secured a multi‑billion investment for his AI startup Modal.