Growth
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Liverpool spinout funds experiments behind materials AI
Matter Machine, a University of Liverpool spinout, has raised £4 million to combine materials experiments and AI prediction as it develops a commercial discovery platform.
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Scarlet raises $50m around medical AI certification
London-based Scarlet has secured a $50 million Series B to expand its certification work for AI-enabled medical devices, where regulatory reviews can lag software releases.
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Europe’s €15.8bn funding surge masks concentration
European technology fundraising reached €15.8 billion in September, according to Tech.eu data, but large transactions accounted for much of the increase.
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Monopulse funds drones built for contested signals
Danish-Lithuanian drone manufacturer Monopulse has raised more than €2 million to expand production and research into reconnaissance systems designed for disrupted communications.
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Telia shifts technology roles as it targets SEK 1bn savings
Nordic and Baltic operator Telia plans to remove around 900 roles while moving some central technology positions into national units under a wider efficiency programme.
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EU adopts €115m fund for defence technology deployment
The Council has formally adopted AGILE, a €115 million European programme intended to help smaller defence technology companies move from prototypes towards operational deployment.
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HyLight raises €13m to industrialise inspection airships
French infrastructure technology company HyLight has secured €13 million to expand hydrogen-powered airship inspections and its supporting data analysis software.
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1KOMMA5° directs fresh capital towards energy software
Hamburg-based 1KOMMA5° has raised €70 million as it invests in Heartbeat AI, the software coordinating distributed household energy assets and electricity use.
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Sava funding supports unapproved glucose microsensor
London-based Sava has raised $36 million and reached a European distribution agreement with Ascensia. Its glucose microsensor remains investigational, with a pivotal study and regulatory decisions still ahead.
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TrueLayer secures $27m for European bank payments
CDP Venture Capital has led a $27 million investment in London-founded TrueLayer, whose Pay by Bank network operates in 22 European countries. The financing supports an existing service and plans for Milan engineering growth.
