UK AI start-up Callosum secures $100m in seed funding round
The company aims to lower AI costs by attaching each task to the model and hardware that best suits it. Read more: UK AI start-up Callosum secures $100m in seed funding round
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Bloomberg: UK AI chips start-up Fractile could raise $600m
Fractile was founded in 2022 and operates from two primary locations in London and Bristol. Read more: Bloomberg: UK AI chips start-up Fractile could raise $600m
AI chip start-up Etched raises $700m at $21bn valuation
Etched was founded in 2022 by Gavin Uberti, Robert Wachen and Chris Zhu, and emerged from stealth in June of this year. Read more: AI chip start-up Etched raises $700m at $21bn valuation
Gravis Robotics becomes a Swiss unicorn after $200m raise
EU-Startups reported that a $1bn post-money valuation is the end result of the funding round, in which Japan’s SoftBank was the sole investor. Read more: Gravis Robotics becomes a Swiss unicorn after $200m raise
Nvidia-backed CodeRabbit valued at $1.5bn after $143m funding round
CodeRabbit intends to put part of the funds towards expanding its European workforce and moving into the Asian market. Read more: Nvidia-backed CodeRabbit valued at $1.5bn after $143m funding round
Sweden’s Lovable valued at $13.3bn with Scaleup Europe Fund backing
Lovable now aims to expand on its product and infrastructure, and wants to hire across offices globally. Read more: Sweden’s Lovable valued at $13.3bn with Scaleup Europe Fund backing
Bloomberg – Cognition eyes $40bn valuation in new round
A new funding round could see the coding start-up's valuation jump by more than 50pc as its annualised revenue run rate nears $1bn. Read more: Bloomberg – Cognition eyes $40bn valuation in new round
Irish co-founded legal-tech Wordsmith extends Series B to $84m
The start-up was co-founded by Dublin-born chief operating officer Robbie Falkenthal in 2023. Read more: Irish co-founded legal-tech Wordsmith extends Series B to $84m
Top Google minds quit to build AI that accelerates research
Discovery Loop wants to advance the pace of scientific discovery using AI to address issues across domains. Read more: Top Google minds quit to build AI that accelerates research
AI cloud start-up Volta valued at $2.4bn, inks $10bn Anthropic deal
The company has secured a deal to provide Anthropic with computing capacity for six years, according to a Bloomberg report. Read more: AI cloud start-up Volta valued at $2.4bn, inks $10bn Anthropic deal