The European tech market saw over 70 funding deals this week, totaling more than €3.9 billion. Notable transactions include Nscale raising $3.36 billion for AI cloud expansion, while Reverion secured €154 million to support a new factory and 800 new hires. Voi obtained €150 million to manage its fleet, and Onomondo raised over €100 million for IoT infrastructure.
Investment activity remains high as Headline closed a $400 million European fund, and DIG Ventures finalized its $120 million Fund III. Additionally, Sofinnova Partners closed its Sofinnova MD Start IV fund at €82 million. In the M&A sector, HCLSoftware is acquiring Robotiq.ai, Lottie purchased CareMaster, and Airbus acquired the cybersecurity firm Quarkslab.
Corporate developments include Oura delaying its $15 billion IPO. Meanwhile, Blackwall reached unicorn status following a 368 percent valuation increase. In the AI and robotics space, Mykhailo Fedorov introduced the Army of Robots initiative, and Apheris partnered with Ginkgo to train AI models using data on 10,000 antibodies.
Smaller funding rounds continue across the continent. Ahron raised €2.2 million for HR automation, and Tryp.com secured €1.9 million. Other deals include bilt.me raising $700,000, Sovera Security receiving €535,000 for cybersecurity, and Kyndred obtaining €500,000 to develop AI companions.
