Cambridge-based CuspAI raised a €393.2m ($450m) Series B at a €2.2bn ($2.6bn) valuation led by Kleiner Perkins and NEA, with Bezos Expeditions and the UK Sovereign AI Fund participating, to accelerate AI-driven materials discovery. Read more here.

London-based Humanoid raised a €133m ($152m) Series A at a €1.1bn valuation led by Prime Movers Lab to scale its industrial humanoid robots with 200+ systems deployed. Europe's newest unicorn. Read more here.

Stuttgart-based Sereact raised a €116m Series B with Zalando joining to scale its physical AI robotic brain for warehouse and manufacturing automation. Read more here.

London-based Arrakis raised a €35.3m Series A led by Blossom Capital to help industrial companies deploy AI agents across aerospace, energy, logistics, manufacturing and telecommunications. Read more here.

London-based Greenjets raised a €35m Series A with NATO Innovation Fund backing to scale aerospace propulsion systems and low-cost drone defence technology for the Alliance. Read more here.

Oxford-based Moa Technology raised a €25.9m Series C to tackle weed resistance to herbicides using AI-powered discovery platforms. Read more here.

Helsinki-based Verda secured €22m in NIB financing to expand AI cloud infrastructure capacity and deploy high-performance computing servers in renewable-energy-powered Finnish data centres. Read more here.

Seville-based Catalyxx secured €20m and announced plans for a €120m bio-based chemicals production plant in Sines, Portugal, transforming bioethanol into sustainable alternatives to fossil-derived chemicals. Read more here.

Neuchâtel-based Hilo (by Aktiia) raised a €17.67m Series B extension to expand its wearable blood pressure monitoring platform into the US. Read more here.

Cambridge-based TidalSense raised €16.6m to commercialise its handheld AI-powered device for chronic obstructive pulmonary disease detection, headed for deployment across the NHS. Read more here.

London-based Modo Energy secured €14.9m growth funding for its AI-powered benchmarking and valuation platform for energy storage and renewable assets. Read more here.

Swedish Scape, a YC-backed startup, emerged from stealth with $3.2m to rethink email. Yet another rebuild of an old workflow for the agent era. Read more here.

UK-based Ossprey secured $2.65m to stop software supply chain attacks. Sensible category to be building in as AI-generated code proliferates. Read more here.

Icelandic Sowilo raised pre-seed funding to expand its AI-powered fashion product intelligence platform. Rare Icelandic entry worth flagging. Read more here.

$6bn revenue

$2.3bn pre-tax profit

75m+ customers

ElevenLabs surpassed $600m ARR and its agents are now handling more than 10 million conversations every week.

Samsung is in talks to invest up to €1bn into Mistral at the rumoured €20bn round. Read more here.

The UK got a new Prime Minister who removed the department responsible for technology and merged it with another. This didn't go down too well with the tech ecosystem in the UK, however he did promote the Minister of AI to a cabinet position.

The European Commission fined Google €890m for giving preferential treatment to its own services and for preventing app developers from freely communicating and promoting offers to users. Read more here.

Mistral is reportedly shifting focus from building frontier models to helping enterprise customers deploy its technology, as it nears a funding round that would value the company at €20bn. Read more here.

EU tech chief Henna Virkunnen said concern is growing about the EU's dependence on American technology and confirmed she wants to accelerate the EU's AI development strategies, following Brussels' Tech Sovereignty Package last month.

Investor Zaya Kadyrova joined Prague-based VC Aspire11 as a Co-founder. Aspire11 recently deployed its first €100m from a €515m pension-backed fund into Revolut, Databricks, Vinted and others.

Swedish autonomous freight company Einride acquired US EV charging startup Flipturn for $38m to expand its charging capabilities. Read more here.

Sifted acquired London-based demo-day platform Onstage to expand its founder events portfolio. Read more here.

UK fintech-for-good platform Lightning Reach was acquired by European Technology Group to scale access to financial support, targeting one million people helped by 2028. Read more here.

Milan-based Contents acquired Barcelona-based Balio in its sixth buy-and-build deal to integrate AI capabilities into enterprise financial wellness products. Read more here.

Polish SINGU acquired QRmaint to expand its industrial maintenance capabilities. Read more here.

London-based Clipway, founded by three ex-Ardian executives, closed its debut secondaries fund at €5.95bn, the largest debut for a first-time secondaries platform in Europe. Read more here.

Earlybird and AVP launched E2D, a €500m dual-use and defence technology growth fund, with Airbus anchoring and Alta Ares as the first investment. Targeting 20 growth-stage European companies across space, air, land, maritime and subsurface. Read more here.

Lockheed Martin Ventures opened its European office and committed €87m to invest in UK and European defence and allied technology startups. Read more here.

Tallinn-based Resist.UA launched Resist 2.0, a €50m European defence and dual-use technology growth fund focused on scaling battlefield-proven Ukrainian innovation. Read more here.

UK-based EHE Ventures opened the second cohort of its £15m fund backing AI-native firms. Read more here.

Tickets are available for Wave, the leading tech conference in Turin. Confirmed speakers include Dario Amodei, Jony Ive, Charlie Songhurst, and many more. Get 10% off using discount code SCALINGEUROPE-WAVE10 at checkout here.