United Kingdom

London-Based Agon Secures $30 Million Seed Round for AI-Powered Military Simulation Platform

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British defence‑tech startup Agon, founded in 2026 by former British soldier Tristam Constant and entrepreneur Junaid Hussain, secured $30 million in seed funding from Lakestar, 201 Ventures, D3, XYZ Venture Capital, Lux Capital and Northzone. The money will be used to develop its AI‑powered virtual battlefield platform for training autonomous weapons systems and to grow its presence across Europe, with offices in London and Berlin.

Dwelly Secures $170 Million to Expand AI-Powered Letting Agency Rollup Across UK

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Dwelly, a UK‑based proptech startup founded in 2023 by former Uber and Gett executives, raised $170 million (including a $75 million debt facility) led by EQT Growth and General Catalyst. The capital will be used to acquire more letting agencies and embed its proprietary AI software to automate property‑management tasks, expanding its portfolio of 17 agencies managing about 15,000 properties.

UK Robotics Firm Perceptual Robotics Secures £4 Million to Expand Wind Turbine Inspection Technology

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UK‑based Perceptual Robotics raised more than £4 million from new and existing investors, including Investing for Purpose, Loggerhead Ventures, One Planet Capital and Innovate UK, to accelerate its AI‑driven autonomous inspection systems for wind turbines and expand its market reach across Europe and beyond.

Nothing Cuts Over 100 Jobs as London Smartphone Maker Restructures Operations

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Nothing, the London‑based consumer electronics startup founded by Carl Pei in 2020, is restructuring its global team and cutting over 100 jobs to improve efficiency after a period of rapid expansion. The cuts affect marketing staff in the UK and other regions, while the company reorganises into regional hubs and introduces an AI‑native business unit. Nothing has raised more than $450 million from investors such as Tiger Global, GV and EQT and reached a $1.3 billion valuation.