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Amazon is in talks to buy the AI startup Decart in a deal that could value it at about $7bn, The Wall Street Journal reported on Sunday. Kate Clark and Lauren Thomas reported the talks, citing people familiar with the matter.
Nvidia is in talks to buy Reflection AI or invest more in the US open-weight model developer, the Financial Times reported on Saturday, citing people with direct knowledge of the matter. TNW has not independently verified the report.
Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe. You also must be able to scale in Europe.
Regulation is holding back AI in Europe, but not every rule in the same way, Vittorio Colao said. The former Vodafone chief executive, now vice chairman for Europe, the Middle East and Africa at General Atlantic, spoke on stage at Wave by Vento in Turin on Friday.
Europe’s venture-backed companies could be worth more than its industrial base within five years, Dealroom founder and chief executive Yoram Wijngaarde said. He spoke at Wave by Vento in Turin on Thursday.
Legora co-founder and chief executive Max Junestrand says calls for European sovereignty in software are an excuse for companies that are not bold enough to go global. He spoke at Wave by Vento in Turin on Thursday.
AI makes it possible to build a company from anywhere, but founders are still choosing to sit together, Station F director Roxanne Varza and Anthropic’s Aiden Blake said. They spoke on a panel at Wave by Vento in Turin on Thursday.
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed.
Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vitol as co-leads.
Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn.
Spiko, a Paris and London company that issues tokenised cash funds, has taken its total funding to $120 million, it said in a statement on Tuesday. New Enterprise Associates (NEA) led the $90 million Series B.
Minerva Humanoids has raised about $10M in pre-seed funding to build humanoid robots for dangerous jobs. The San Francisco startup works on oil and gas and public safety. General Catalyst led the round, with Long Journey Ventures and Credo Ventures as co-leads, the company said on Tuesday.
Kanu AI has come out of stealth with $11.7m in funding. The Seattle startup builds software that runs inside a customer’s own cloud. Accel, BMW i Ventures and a16z speedrun joined a round led by Trilogy Equity Partners, the company said in a statement on Wednesday.
Restate, a Berlin startup founded by the creators of Apache Flink, has raised a $20m Series A. It builds infrastructure that keeps AI agents and backend software running through failures.
Metaview, a London and San Francisco startup that builds AI agents for recruiting, has raised a $60m Series C led by Insight Partners. GV, Intrepid Growth Partners, Seedcamp, Vertex Ventures US, Plural and Garuda Ventures also took part, the company said in a statement on Wednesday.
GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility.
CScale, a Palo Alto startup building optical interconnect for AI data centres, has come out of stealth with $145m in Series C funding. The round takes its total funding to $188m, the company said in a statement on Wednesday.
Alex Stamos has joined Cognition, the maker of the Devin AI coding agent, as its chief information security officer. He announced the move in an article on X on Tuesday, titled “Why I’m joining Cognition”. “There are real safety and security issues raised by AI, but they can be fixed.
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