Staff reporter at Prompt and Model, covering Artificial Intelligence.
Multiverse Computing, a Spanish AI scaleup, is on track to close a €500m Series C round, positioning itself as a leading force in Europe's AI sector. The company specializes in reducing compute requirements for large AI models, attracting significant investment and strategic partnerships.
Jack Parker-Holder, a former Google DeepMind researcher, is leading a new AI lab in London with a $500 million funding goal. Six other DeepMind researchers are involved, and the lab aims to advance AI models and governance.
Lovable, a Stockholm-based vibe-coding platform, has raised $400m in funding at a $13.3bn valuation. The investment was led by existing investor Menlo Ventures and the Scaleup Fund, managed by EQT.
London-based defence startup Uforce is in talks to raise fresh funding, aiming for a valuation of upwards of $4 billion, less than six months after reaching unicorn status with a $1 billion valuation.
Investors remain bullish on drone startups despite an overcrowded European market. Venture capitalists highlight innovative companies across sectors like mosquito control, firefighting, and agriculture, with significant funding rounds and unique technological advancements.
A recent report highlights the most active public funds in Europe during the first half of 2026. These funds have contributed to key sectors in various European countries.
Swedish AI legal startup Legora is reportedly in talks with investors to raise funding at a valuation of at least $10 billion, nearly double its previous valuation.
A venture lab in London is working on innovative technologies that could help decarbonize industries and save the planet.
Former employees of Danish fintech Pleo and UK fintech Cleo express concerns about their companies' cultures, sparking a broader discussion about the state of European fintech.
London's tech ecosystem is experiencing a surge in meetups for founders and venture capitalists, with a diverse range of events popping up around the city.
Northern Gritstone, the venture fund backing university spinouts from northern England, is opening a San Francisco office and hiring a US-based venture partner to connect its portfolio companies with American capital, talent and networks, while keeping its investment focus on the UK.
Mistral, a French AI scaleup, has secured backing from a group of enterprise customers to support its ambitious data centre buildout and expansion into AI cloud and compute services across Europe.