London‑based AI deployment startup Arrakis raised $38 million, including a $30 million Series A co‑led by Blossom Capital, to help industrial companies design, build and scale AI agents and to expand internationally with new offices in New York and the Middle East.
London‑based startup Modo Energy raised €14.9 million from CIBC Innovation Banking to scale its AI‑driven benchmarking and valuation platform for battery storage and renewable assets, aiming to broaden its market reach and enhance its product offering.
Leeds‑based Xentra, a digital security startup founded in 2021, raised €3.18 million from Maven VCTs and NPIF II to expand its managed cybersecurity services for SMEs, strengthen its leadership team and accelerate growth.
CuspAI, a Cambridge‑based AI startup that designs new materials for clean energy and semiconductors, raised $450 million in a Series B round, bringing its total funding to over $670 million and valuing the company at $2.6 billion.
Lockheed Martin Ventures, the venture arm of the US aerospace and defence giant, announced the opening of a new office in London and pledged at least €87 million ($100 million) of its €874 million fund to back European defence‑technology startups, aiming to deepen its presence in the European ecosystem and support transatlantic defence industrial base.
Applied Computing, a London-based AI company building foundation models for energy operators, raised €17.4 million ($20 million) in a funding round led by KBR and Databricks Ventures. The company also opened a new office in Houston, Texas, marking its formal entry into the US market. The funding will support expansion, commercial deployment, and AI research.
The British Business Bank committed €58 million to Soho Square Capital’s Fund II, targeting established UK SMBs in growth sectors. The investment aims to address gaps in flexible capital solutions for founder-owned businesses, supporting scaling, technology adoption, and acquisitions without excessive ownership dilution.
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.
London-based Meticulous, founded by brothers Gabriel and Quentin Spencer-Harper, has raised $15m in Series A funding led by Chemistry and Menlo Ventures. The company provides a tool to help developers verify AI-generated code by simulating edge cases, enabling faster deployment. It has grown annual recurring revenue fivefold in the past year and plans to expand its team to 30-40 employees.
Republic Europe is expanding its strategy to include late-stage secondary offerings, enabling individual investors to access mature private companies like WHOOP and Kraken before IPOs. The platform aims to create a continuous liquidity lifecycle for private market investments.