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UK defence firms eye funding surge as demand rises
Mergers and Acquisitions

UK defence firms eye funding surge as demand rises

Almost all surveyed UK defence firms expect to seek outside capital as rising demand and expansion plans drive a funding race over the next year.

By Karen Joy Bacudo • 5 min read • Today
SPhotonix appoints Alex Avramov as Chief Operating Officer
Hyperscale

SPhotonix appoints Alex Avramov as Chief Operating Officer

The optical data storage group is strengthening its push into commercial markets and fundraising as AI-driven data volumes boost demand for cold storage.

By Sofiah Nichole Salivio • 3 min read • Last week

Global Stories

Venture Capital stories

Ubitium raises USD $14 million to build one AI chip
Robotics

Ubitium raises USD $14 million to build one AI chip

The seed round lifts total backing to USD $18 million as the German startup pushes a single processor for autonomous machines closer to production.

By Sean Mitchell • 4 min read • 2 days ago
Europe's venture exits slump as zombie sales surge
Software-as-a-Service

Europe's venture exits slump as zombie sales surge

European start-ups face a tougher sales market as more than a fifth of venture-backed exits now fetch less than 1x revenue, per ScaleX data.

By Sean Mitchell • 5 min read • 2 days ago
Goldman Sachs names Capitolis chief among entrepreneurs
Fintech

Goldman Sachs names Capitolis chief among entrepreneurs

The honour underscores Capitolis's growing influence in financial markets technology and adds to Gil Mandelzis's two-decade record as a founder.

By Shadda Lie Catugal • 3 min read • 2 days ago
Hyperlayer raises USD $26 million in Flintlock-led round
Digital Transformation

Hyperlayer raises USD $26 million in Flintlock-led round

The banking software group is now valued at USD $260 million after the latest follow-on financing, bringing its total funding to nearly USD $66 million.

By Karen Joy Bacudo • 3 min read • Last week
Hyperlayer raises USD $25.8 million in Series A2 round
Digital Transformation

Hyperlayer raises USD $25.8 million in Series A2 round

Fresh capital will help Hyperlayer hire and expand across three regions as banks seek to modernise legacy systems without costly core replacements.

By Joseph Gabriel Lagonsin • 3 min read • Last week

Stories from Other Regions

Venture Capital stories

RapidCanvas raises USD $29 million in Series B round
Manufacturing

RapidCanvas raises USD $29 million in Series B round

The fresh capital will help the Austin-based firm expand sales and engineering as enterprises push AI projects into live operations.

By Sofiah Nichole Salivio • 4 min read • Today
NonPublic raises AUD $118m for Tenstorrent AI chipmaker
Semiconductors

NonPublic raises AUD $118m for Tenstorrent AI chipmaker

Australian wholesale investors have gained access to one of the AI chip sector's biggest private funding rounds, as Tenstorrent seeks to scale its servers.

By Joseph Gabriel Lagonsin • 4 min read • Yesterday
OKX Australia launches OpenAI & Anthropic pre-IPO futures
Crypto

OKX Australia launches OpenAI & Anthropic pre-IPO futures

Eligible wholesale clients in Australia can now trade around-the-clock bets on OpenAI and Anthropic valuations, with up to 10x leverage.

By Sean Mitchell • 4 min read • Yesterday
MP Space raises AUD $23 million seed funding round
Manufacturing

MP Space raises AUD $23 million seed funding round

The Sydney-based start-up will use the capital to expand local manufacturing and engineering after claiming one of Australia's largest deep-tech seed raises.

By Joseph Gabriel Lagonsin • 6 min read • Today
Coast raises USD $35 million to expand field payments
Construction

Coast raises USD $35 million to expand field payments

The funding will help the New York-based fintech add customers and automate expenses, bill pay and accounts payable for field service firms.

By Karen Joy Bacudo • 3 min read • Yesterday
Karnataka, IVCA explore co-investment plan for DeepTech
Manufacturing

Karnataka, IVCA explore co-investment plan for DeepTech

The state wants to close DeepTech funding gaps by backing pilots, first customers and scale-up routes through a new investor partnership.

By Sofiah Nichole Salivio • 3 min read • Last week
Archa appoints Paul Askew as non-executive director
Fintech

Archa appoints Paul Askew as non-executive director

The fintech's governance is being strengthened as it scales, with annual recurring revenue up 184% and more than 2,500 firms on its platform.

By Karen Joy Bacudo • 3 min read • Last week
IVCA joins Headstart to boost Bharat Pitchathon DeepTech
Space

IVCA joins Headstart to boost Bharat Pitchathon DeepTech

The partnership aims to surface DeepTech hurdles outside India's main hubs, where founders still struggle for capital, customers and policy support.

By Sofiah Nichole Salivio • 4 min read • Last week
Eucalyptus founder urges Australian start-ups to take risks
eCommerce

Eucalyptus founder urges Australian start-ups to take risks

The acquisition underscored how quickly a pivot can pay off, with Eucalyptus sold to Hims & Hers for USD $1.15 billion after a risky shift.

By David Shilovsky • 6 min read • Last week
Vectorial raises USD $3 million in seed funding round
Gaming

Vectorial raises USD $3 million in seed funding round

The funding gives the San Francisco start-up room to expand its behaviour simulation tool, which claims to cut user research time and improve product decisions.

By Sofiah Nichole Salivio • 5 min read • Last week