UK AI Chip Startup Fractile Raises $220M to Tackle the Growing Inference Bottleneck
UK AI‑chip startup Fractile announced a $220 million Series B round to accelerate its next‑generation inference hardware. The funding, led by Accel, Factorial Funds and Founders Fund, backs Fractile’s effort to cut the time and cost of producing massive token outputs for frontier AI models. The company argues that inference latency, not model capability, is the next bottleneck for AI progress. Fractile is expanding hiring in London, Bristol, San Francisco and Taipei to scale its chip and system development.
With $18M in New Funding, Adfin Expands AI-Powered Business Finance
London‑based fintech Adfin secured $18 million in a Series A round led by Index Ventures, bringing its total capital to over $30 million. The funding will accelerate the rollout of its AI‑driven platform that automates invoice processing, payment collection, and cash‑movement for businesses....
Front Ventures Raises €5M to Back Defence Tech Innovation in Ukraine
Front Ventures, a Stockholm‑based defence investor, closed an oversubscribed €5 million ($5.5 million) rights issue, subscribed at 278 percent. The new capital will back early‑stage defence technology firms in Ukraine and Sweden, focusing on drones, communications, software and critical supply‑chain solutions. Portfolio companies...
CarCollect Secures Backing From Main Capital to Scale Automotive Remarketing Platform
CarCollect, a Dutch B2B SaaS platform that digitises the used‑vehicle remarketing workflow, has secured investment from Main Capital Partners. The platform, now used by over 14,000 automotive firms, supports 15 languages and 10 currencies across ten European countries. The new...
One-Time Treatment with Lasting Effects as Sedivention Advances Obesity Therapy with €2.9M Funding
German medtech startup Sedivention secured €2.9 million (about $3.2 million) in a seed round led by bmp Ventures and IBG funds. The company is developing a minimally invasive, one‑time outpatient therapy that uses cryoablation via a balloon catheter to interrupt hunger signals...
![The Hidden Cost of Fragmented IoT Development [Sponsored]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.tech.eu/uploads/2026/04/acrios-598.png)
The Hidden Cost of Fragmented IoT Development [Sponsored]
ACRIOS Systems, a Czech IoT specialist, offers a full‑stack development model that eliminates the fragmented approach that typically stalls European connected‑device projects. By owning hardware design, firmware, radio protocols, backend services, and OEM production, the company can deliver prototypes in...
ElevenLabs Adds BlackRock, Nvidia and Jamie Foxx to $550M+ Series D
ElevenLabs, the UK‑based AI voice startup, closed the third tranche of its Series D, raising over $550 million and pushing its valuation past $11 billion. New investors include Nvidia’s venture arm NVentures, BlackRock, Wellington, D.E. Shaw, Schroders and Santander, alongside celebrity backers Jamie Foxx, Eva Longoria...
Nabu Raises €3M to Scale Digital Customs in Europe
France‑based Nabu has secured €3 million (~$3.3 million) in a funding round led by Getlink, with Maersk Growth also participating. The capital will fund expansion across Europe and further product development for its AI‑driven customs‑clearance platform. Founded in 2022, Nabu automates declarations...
Featherless.ai Secures $20M to Expand Serverless Platform for Open-Source AI
Featherless.ai, a serverless inference platform for open-source AI, announced a $20 million Series A round co‑led by AMD Ventures and Airbus Ventures, with participation from BMW i Ventures and other investors. The capital will fund expansion of its global infrastructure, a dedicated...
Cleo Labs Secures €1.5M to Scale AI-Driven Product Compliance Globally
Cleo Labs, a Paris‑based regtech startup, closed a €1.5 million (≈$1.6 million) funding round led by Larry Berger with participation from Kima Ventures, Financière Saint‑James and an Accel scout ticket. The capital will accelerate its AI‑driven platform that automates product regulatory compliance...
Dex Lands $5.3M to Grow Its AI-Driven Talent Matching Platform
London‑based Dex, an AI‑driven recruitment platform for software engineers, closed a $5.3 million seed round led by Notion Capital with participation from Andreessen Horowitz’s Speedrun programme and other investors. The funding brings Dex’s total capital to $8.4 million and will be used...
All3 Raises $25M to Boost Construction Productivity with Robotics and AI
All3, a European robotics startup, announced a $25 million seed round led by RTP Global with participation from SuperSeed, Begin Capital, s16vc and VNV Global. The funding will accelerate development of its integrated construction platform that merges autonomous legged robots, AI‑driven...
SPREAD AI Raises $30M Series B for Industrial AI
Spread AI announced a $30 million Series B round to accelerate its global expansion and enhance its AI‑driven product data platform. New investors include DTCP Growth, IQT, OTB Ventures, Salesforce and Thesiger Capital, alongside existing backers HV Capital and Nauta Capital. The...
Alesi Surgical Raises £7M to Clear the Air in Operating Theatres with Next-Gen Smoke Management Tech
Alesi Surgical announced a £7 million ($9 million) funding round led by IW Capital to accelerate its Ultravision smoke‑management platform. The technology uses electrostatic precipitation to clear surgical smoke up to 225‑times faster than conventional suction, already deployed in over 50,000 minimally...
Bubble Robotics Emerges From Stealth with $5M to Scale Autonomous Ocean Robotics
Bubble Robotics, founded by former NASA and ETH Zürich engineers, announced a $5 million pre‑seed round led by Episode1 Ventures, Asterion Ventures and Norrsken Evolve. The startup is building autonomous, resident robotic systems that can operate continuously at sea, targeting offshore...
![Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership with Innovance [Sponsored]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.tech.eu/uploads/2026/04/akbank-ag-innovance-mambu-661.png)
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership with Innovance [Sponsored]
Akbank AG, the German arm of Turkey’s Akbank, completed Phase 1 of its core‑banking migration to Mambu’s SaaS cloud platform, moving all Retail and Private‑banking customers onto a composable, API‑first architecture hosted on Microsoft Azure. The transformation was executed with Innovance,...
Cosine Goes From Benchmark Leader to Cornerstone of UK Sovereign AI Strategy
The UK government has earmarked a £500 million (≈ $635 million) Sovereign AI programme to develop home‑grown artificial intelligence, naming Cosine as a flagship partner. Cosine, founded in 2022, has outperformed OpenAI, Anthropic, Mistral and DeepSeek on coding benchmarks for two years and...
Ukrainian Startups Get UK Market Gateway as TechBridge Accelerator Returns for 2026
The UK‑Ukraine TechBridge accelerator has launched its 2026 Investment Accelerator, supporting 20 high‑growth Ukrainian tech startups (late seed–Series A) to enter the UK market. Backed by the UK government and Ukraine’s Ministry of Digital Transformation, the programme offers investment‑readiness workshops,...
Stendr Secures $5.4M Pre-Seed to Develop AI-Driven Defence Systems
Norwegian defence tech startup Stendr raised $5.4 million in an oversubscribed pre‑seed round led by RainFall, ACME and SkyFall. The capital will fund its AI‑native platform that integrates hardware and software for drone defence. Stendr’s solution uses multi‑sensor AI to detect,...
Trade Republic Axes Customer Service Chatbots, Replaces Them with over 1,000 Humans
Germany’s fintech unicorn Trade Republic, now valued at about $13.5 billion, is scrapping its AI‑driven chatbots and hiring over 1,000 human agents to handle customer inquiries. The company is spending a double‑digit‑million‑euro sum—roughly $10‑12 million—to build new infrastructure and train staff to...
Gizmo Secures $22M Series A to Advance AI-Powered Education
London‑based AI learning platform Gizmo announced a $22 million Series A round led by Shine Capital, with participation from Ada Ventures, Seek Investments, GSV and NFX. The funding will fuel the company’s push into the U.S. college market and expand its engineering...
Brix Raises $5.5M to Support the Tokenisation of Emerging Market Assets
Brix, a fintech platform that brings emerging‑market assets on‑chain, closed a $5.5 million funding round featuring Circle Ventures, ConsenSys, and other Web3 investors. The company will tokenise real‑world securities such as stocks, funds and bonds, starting with a Turkish lira‑denominated money‑market...
Cooling Becomes Strategic: Calyos Brings Passive Thermal Tech to Europe’s Defence Stack
Belgian startup Calyos, a spin‑off from space‑heat‑pipe technology, offers fully passive two‑phase cooling systems that can be manufactured entirely in Europe. The solution, selected by NATO’s DIANA programme, promises higher energy efficiency and resilience for data‑centres, e‑mobility and defence platforms...
Crowdcube Achieves “Hard-Fought” Profit, Driven by Boost in Secondary Shares
Crowdcube, the UK’s largest equity‑crowdfunding platform, announced its first full‑year profit after a hard‑fought turnaround that combined aggressive cost cuts with a surge in secondary‑market activity. Secondaries now account for up to half of the company’s business, with roughly $100 million...
Allica and ClearBank’s UK Businesses Report Third Year of Profits
Allica Bank reported its third consecutive year of profit, with pre‑tax earnings up 23% to £36.9 million (≈ $47 million) in 2025, a loan book that grew 23% to £3.7 billion (≈ $4.7 billion) and deposits rising 29% to £5.7 billion (≈ $7.2 billion). Revenues jumped 27% to £371.3 million...
Peak Quantum Reaches €5M in Total Funding for Quantum Chips
Peak Quantum, a Munich‑based quantum‑computing startup, raised €2.2 million in a pre‑seed round, bringing its total funding above €5 million (approximately $5.5 million) including EU Chips Act support. The round was led by Cloudberry Ventures with participation from United Founders, QAI Ventures and...
![Remote Metre Reading by 2027: Retrofit Beats Replacement [Sponsored]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.tech.eu/uploads/2026/04/acrios-703.png)
Remote Metre Reading by 2027: Retrofit Beats Replacement [Sponsored]
The EU Energy Efficiency Directive now requires every heat and hot‑water meter in existing buildings to be remotely readable by 2027. Most legacy meters already measure accurately but lack a digital back‑haul, creating a compliance gap. ACRIOS proposes retrofitting a...
Fine Art Logistics Company Convelio Secures Series C Funding
Convelio, a tech‑enabled fine‑art logistics firm, has closed a Series C round led by a prominent French entrepreneurial family, with existing backers Forestay, Mundi Ventures and Acton Capital participating. The undisclosed capital will accelerate the company’s AI‑driven logistics platform and...
OpenAI and Spotify Leaders Back London-Based AI Agent Security Startup in $13M Seed Round
London‑based Trent AI emerged from stealth with a $13 million seed round led by LocalGlobe and Cambridge Innovation Capital, joined by executives from OpenAI, Spotify, Databricks and AWS. The startup offers the first multi‑agent security platform that continuously scans, assesses risk...
WholeSum Tops up Pre-Seed with $335K to Fix AI’s Trust Problem in Text Analytics
UK‑based WholeSum raised an additional $335,000, bringing its pre‑seed total to $1.3 million. The funding, led by Love Ventures, Beamline and strategic angels, backs the startup’s hybrid AI‑statistical platform for trustworthy text analytics. WholeSum targets high‑trust sectors where generic LLMs produce...
“All of Us Live in the Dark, We Don’t Have Anything Better to Do than Build,” Says Baltic Hacker House...
A new wave of hacker houses is emerging across the Baltics and Scandinavia, reviving the collaborative startup model popularized in early‑2000s Silicon Valley. Programs like Estonia’s ruum, Latvia’s AI‑focused Shipyard, and Denmark’s Bifrost House offer free workspace, intensive hackathons and...
NFuse Raises $2M as Messaging Overtakes B2B Ordering Apps
nFuse, an AI‑driven B2B ordering platform that lets retailers order via WhatsApp, Viber or SMS, secured $2 million from Eleven Ventures and LAUNCHub. The startup claims over 70 percent adoption among enterprise clients, cutting deployment time to eight weeks and driving order...
European Tech Weekly Recap: More than 60 Tech Funding Deals Worth over €1.2B
Last week European tech markets saw more than 60 funding rounds, collectively raising over €1.2 billion (approximately $1.3 billion). Artificial intelligence led the pack with €733.5 million ($800 million) in capital, followed by fintech (€232.6 million) and food tech (€73.7 million). France emerged as the top‑funded...
New Belgian AI Platform Backbone Aims to Cut Costly Quality Failures in Food Production
Belgian startup Backbone launches an AI platform for real-time quality and compliance management in food production, backed by seed funding from 100IN. The system consolidates fragmented supplier, lab, and procedural data to detect risks before they reach production, addressing an...
Cafeyn Acquires Readly’s Non-Nordic Operations to Scale European Press Platform
Cafeyn Group is acquiring Readly’s non‑Nordic operations, adding its German and UK assets to the platform. The deal expands Cafeyn’s catalogue to over 10,000 titles and lifts its user base to more than 2.5 million. Combined revenues are projected at nearly...
Paparuda Studio Lands €210K to Launch Moldova’s Next Generation of Game Development Talent
Moldovan indie studio Paparuda secured over €210,000 (about $229,000) to develop its first globally‑targeted video game. Founded in 2026, the team of five will grow to 15‑20 specialists as it builds a cooperative‑focused Indie/AA title for PlayStation, Xbox and Nintendo....
The Missing Layer in Europe’s AI Strategy: Data Ownership
European policymakers are pushing digital sovereignty, yet the missing piece is data ownership. As AI models become commoditized, control over the underlying data is emerging as the true competitive moat. Countly, an open‑source, self‑hosted analytics platform, illustrates how firms can...
Sensmet Secures €1.5M to Scale Real-Time Metals Monitoring for Europe’s Raw Materials Supply
Finnish startup Sensmet has secured a €1.5 million (≈ $1.6 million) investment from EU‑backed EIT RawMaterials to expand its micro‑discharge optical emission spectroscopy (µDOES) platform. The technology delivers real‑time, laboratory‑grade analysis of multiple metals in liquid streams, focusing on lithium, cobalt, nickel and...
Six Months Out of Stealth, Credibur Hits €2B in Facility Volume
Credibur, a Berlin fintech that emerged from stealth six months ago, now supports €2 billion (about $2.16 billion) of structured debt facilities on its platform. The company raised $2.2 million in pre‑seed funding led by Redstone to build an API‑ and AI‑driven infrastructure...
Audicin Raises $1.9M to Expand Real-Time Nervous System Tech
Finland‑based Audicin secured $1.9 million in new financing, raising its total capital to roughly $3 million. The round featured private investors, follow‑on support from founders, and backing from Business Finland’s Deep Tech Accelerator. Audicin’s portfolio includes a passive SDK that syncs with...
Metafuels Awarded €1.92M to Develop Rotterdam E-SAF Project
Swiss sustainable aviation fuel company Metafuels secured a €1.92 million (≈ $2.1 million) grant from the Netherlands Enterprise Agency for its Rotterdam e‑SAF project, administered through its Dutch subsidiary. The funding will finance front‑end engineering, permitting and commercial preparation for the Turbe plant,...
Brickken Secures €3M to Expand Tokenisation Infrastructure
Barcelona‑based Brickken, a tokenisation infrastructure provider for financial institutions, closed a €3 million (≈$3.3 million) pre‑Series A round. The round attracted strategic European investors, including Dedagroup founder Marco Podini and venture firm GRX. Brickken’s platform enables banks, asset managers and issuers to tokenise equity,...
Kestra Raises $25M Series A to Build the Enterprise Orchestration Standard
Kestra, a French open‑source orchestration platform, announced a $25 million Series A round led by RTP Global, bringing its total funding to $36 million. The capital will accelerate development of Kestra 2.0, enhancing distributed execution and real‑time observability. The company also plans to broaden...
Is University Losing Its Edge? ELVTR Bets on Live, Industry-Led Learning
ELVTR, a spin‑out of the LABA Group, runs a live, instructor‑led platform that bridges traditional online courses and on‑the‑job training. It now offers more than 100 short, intensive programs across AI, product, design, data and creative fields, and has taught...
Belgium Crypto Startup Keyrock Hits Unicorn Status, Says Valuation Quadrupled
Belgium‑based crypto infrastructure firm Keyrock announced it has reached unicorn status after a Series C round that lifted its valuation to roughly $1.1 billion. The round, led by SC Ventures – the venture arm of Standard Chartered – includes participation from Ripple...
Semarion Raises $3.8M to Scale Cell Assay Technology
Semarion, a Cambridge spin‑out, secured $3.8 million (≈£2.9 million) in a Series A round led by Parkwalk to scale its SemaCyte cell‑based screening platform. The funding follows a $2.89 million seed round in 2022 and will be used to expand manufacturing, field support,...
Riplo Raises £2.3M to Build an AI Operating System for Consulting
London‑based Riplo announced a £2.3 million (≈$2.9 million) pre‑seed round led by Cherry Ventures, with participation from Blue Lion Capital, QuantumBlack founders, and sector angels. The startup is building an agent‑first operating system that embeds AI agents directly into consulting workflows, allowing...
Standing Ovation Raises €30M to Scale Precision Fermentation Dairy Proteins Globally
Standing Ovation, a French precision‑fermentation startup, closed a €30 million Series B round (≈$32.5 million) led by the France 2030‑backed Ecotechnologies 2 fund and Crédit Mutuel Innovation, with participation from Danone Ventures, Bel Group and other investors. The financing includes €25 million in equity (≈$27 million) and...
IQM Secures €50M to Accelerate Global Growth
Finland‑based quantum computing startup IQM Quantum Computers has secured a €50 million financing package, roughly $55 million, from BlackRock‑managed funds. The capital will bolster IQM’s balance sheet ahead of its planned SPAC merger that would make it Europe’s first publicly listed quantum...
German Deeplify Raises €2M to Modernise Infrastructure Inspections
German AI startup deeplify closed a €2 million (≈$2.2 million) pre‑seed round led by D11Z Ventures. The funding will expand its end‑to‑end AI platform that digitises inspection workflows for pipelines, energy and chemical assets. Deeplify already pilots with Open Grid Europe, SKF...