Databricks has made its Genie app for Slack generally available. Staff can ask it data questions in a channel or direct message, get charts and approve changes in tools such as Jira. Answers use each asker’s permissions, but are visible to the whole channel by default. Databricks has made its Genie app for Slack generally […]

European AI infrastructure company Nebius today reported a surge in quarterly revenues to $981m but said some of its co-location data centre sites powering AI had been hit by delays.

The so-called neocloud also said it had seen a rise in adoption of open-weight models on its platform. Nebius reported a 571 per cent leap in year on year Q3 revenues to $981m, fuelled by demand for its AI infrastructure offering.

Nebius, which is sometimes referred to as a neocloud, builds and operates data centres, packing them with GPUs, then offers access to these data centres to AI and enterprise companies needing compute power, as well as offering them specialised software to run AI applications.

The Amsterdam-listed company reported a net loss of $37.5m in the quarter, a reduction compared to a loss of $119.6m the previous year. Nebius had lost more than a third of its value last month as investors questioned whether the AI infrastructure boom was becoming too expensive to sustain.

The company says it expects to break even on a pre-tax basis by the end of 2027.

Nebius today said it had been hit by delays to its co-location data centre sites, including its 300 MW facility in Vineland, New Jersey.

Nebius CEO Arkady Volozh said: “Building at this scale is hard, and delays are part of our industry right now. We are not immune. For example, some of our co-location sites, including New Jersey, are behind schedule. Customers have been kept informed and none of that capacity is cancelled.”

The delay at its New Jersey data centre campus, in which Microsoft is a major customer, is due to power delays, Nebius said.

The delay means that some of its revenue will shift from 2026 to 2027, Nebius said.

Commenting on the split between open weight and closed models on its platform, Roman Chernin, chief business officer, Nebius said: “We have absolutely seen the adoption of open models accelerate even in the last few months. 

“The bigger the diversification in the market is better for us. This diversification comes from open models or other ways to build specialised models for the use cases. Because it extends the universe of customers and partners we can work with.”

Traveltech company WeRoad has acquired the Swiss travel brand and community TravelTribe. Founded in 2017, WeRoad has helped more than 300,000 travellers explore over 1,000 itineraries through its network of 4,000+ Coordinators. Around 60 per cent of customers rebook annually, while a third of bookings come through word of mouth. In 2025, it launched WeMeet, bringing people together through local events and shared experiences.

WeRoad raised $58 million in a Series C round led by Airbnb in May to support international expansion, including into the US.

Launched in 2024 by Francesco Lorenzo and Francesco Staccone and inspired by Lorenzo’s experiences as a WeRoad Group Leader, TravelTribe built a community of more than 1,600 people in Switzerland around shared sports interests. Its experiences range from recurring sports events in Zurich and ski weekends in the Swiss Alps to trips abroad led by trip leaders, following the WeRoad model. Nearly half of the travellers who took their first TravelTribe trip booked another one after 12 months. ​

The acquisition will merge TravelTribe’s brand, AI-native platform, and community directly into WeRoad, strengthening brand presence throughout the DACH region and expanding its portfolio of sport-focused experiences and ski weekends. ​ It will also bring TravelTribe Co-Founder Francesco Staccone on board to grow WeMeet, WeRoad’s local events platform.

Andrea Lamperini, Chief Strategy Officer at WeRoad, said:

“This acquisition brings TravelTribe’s incredible community in the DACH region, a portfolio of passion-led trips, and its AI-first thinking into the WeRoad ecosystem. We’re now entering a new phase in which M&A will become a key role in accelerating our expansion.

Our M&A plan will strengthen our presence in existing markets, accelerate entries into new ones, and add passion-led travel and community categories like the ones TravelTribe is known for. This is the first step of our next leap forward.” ​

According to Francesco Staccone, TravelTribe and WeMeet Co-Founder, what started as local sporting events in Zurich grew into a community travelling together around the world and joining WeRoad allows us to take that model much further. ​

“I want to bring our experience in building communities and our AI-native approach to WeMeet, with the long-term ambition of creating a social network for real life, connecting local experiences, travel and communities in one platform.” ​

This deal is the first acquisition of WeRoad’s ambitious M&A strategy, which aims to add €70 million of revenue from inorganic growth over the next three years. ​

WeRoad is pursuing M&A deals with companies on nearly every continent, including group travel platforms and event-focused businesses serving 2,000 to 40,000 participants annually. ​ The strategy aims to consolidate WeRoad’s position in existing markets, particularly the US and Europe, and accelerate expansion into new markets by acquiring established local players rather than building from scratch.

Gama, the French company building ultra-light deployable solar arrays for satellites, has raised a €15M seed round from Transition, Planet A, Draper Associates, and Manta Ray. The capital takes Wing, its deployable array, from development into volume production at the company’s site in Ivry-sur-Seine, just outside Paris. The bet is that electricity is becoming orbit’s […]

European deeptech scaleups have raised more than €4 billion since joining the EIC Scaling Club, an EIC-funded initiative supporting promising European deeptech companies. According to a new report, their funding has grown 2.3 times faster than that of comparable businesses, measured against funding raised before joining the programme.

The EIC Scaling Club, running under the EIC Business Acceleration Services, launched its first cohort in April 2024, followed by a second cohort in October 2024.

The latest report analyses the funding performance of the Club’s portfolio of 120 companies across 26 European countries, using data up to 29 September 2026.

Deeptech scaleups outperform comparable companies

Of the 119 active companies, 56 per cent raised funding after joining the Club, compared with 38 per cent of companies in a control group of 240 eligible applicants who were not selected.

Among companies that secured investment, Club members raised an average of €60.6 million, compared with €39.7 million for the control group.

New Space and Next-Gen Computing attract the largest investments

The report reveals that investment is increasingly concentrated in technologies considered critical to Europe’s future competitiveness, resilience and technological sovereignty. Companies in New Space and Next-Gen Computing attracted the largest volumes of funding, securing €1.34 billion and €1.32 billion respectively, followed by Renewable Energies with €589 million.

Together, these sectors accounted for approximately 80 per cent of total funding raised.

Nine investment rounds exceeded €100 million, together accounting for more than half of the total funding, and eight of them involved the EIC or another public co-investor. These include a €500 million funding round secured by Spanish quantum and AI company Multiverse Computing, €288 million raised by Spanish space technology company PLD Space, and €234 million secured by Netherlands-based AI computing company Axelera AI.

Funding was also geographically concentrated. Spain led with €1.48 billion raised by portfolio companies, followed by Germany with €750 million, the Netherlands with €508 million, Bulgaria with €390 million and France with €369 million.

Overall, Club companies raised funding equivalent to 128 per cent of their total pre-joining investment, compared with 56 per cent for comparable businesses.

Public investment supports Europe’s deeptech growth 

The report also highlights the importance of public funding, with approximately 80 per cent of the capital secured through investment rounds involving the EIC or another public co-investor. However, international investors remain important to larger funding rounds.

Non-European investors accounted for 18 per cent of investor participations after companies joined the Club, rising to 27 per cent in rounds exceeding €100 million.

Michiel Scheffer, President of the European Innovation Council Board, said:

“Innovation only truly makes a difference when it reaches people in their everyday lives, when workers on the ground develop it and becomes accessible to everyone.

That is why helping deeptech startups grow and bring their innovations to market is so important, both for society and for Europe’s competitiveness.”

Beyond funding: Building connections and commercial opportunities

According to Ezequiel Sánchez, Executive President of PLD Space, Europe must scale its technology, infrastructure and industrial capabilities if it wants to remain competitive and independent.

“For deeptech companies, growth is not only about access to funding. It also requires industrial capacity, talent, market opportunities and connections across the European ecosystem.

Communities such as the EIC Scaling Club can contribute by bringing growth-stage companies together with investors, corporate partners and other relevant stakeholders, helping to create the conditions for European technologies to scale.”

The report also identifies 210 publicly disclosed partnerships involving Club companies, including 67 commercial partnerships, 53 strategic alliances and 40 research and innovation collaborations.

According to the team at Multiverse Computing, the Club and wider EIC support programmes have helped the company access major technology events, including CES in Las Vegas, GITEX Global and Mobile World Congress.

“This support goes beyond opportunities to exhibit: it also includes curating an agenda of executive meetings, helping us present our technology directly to relevant business leaders and potential partners.”

The EIC Scaling Club has also helped Multiverse Computing build relationships with investors, corporate partners and industry experts through events such as the Scale 100 Forum.

A spokesperson for Multiverse Computing said:

“These events have provided opportunities to discuss the commercial applications of our technology, explore potential partnerships and engage with investors around our growth ambitions.”

The company has also gained visibility through the Club’s communications, including an interview with CFO Marta García at the Ignition Forum and coverage of its Series C funding round.

“These activities give us additional channels to explain our technology and share our progress with the European innovation and investment community."

While the report points to strong fundraising momentum among Club companies, it also identifies ongoing challenges, particularly access to growth capital and fragmented European markets. It argues that investment alone will not be enough to support Europe’s deeptech ambitions, calling for stronger industrial demand, commercial partnerships and public procurement to help companies bring their technologies to market.

The EIC Scaling Club is an EIC-funded initiative run in partnership with Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.

Jensen Huang has resigned as Nvidia’s president, CEO, and board member, effective immediately, the company’s board announced today, ending a 33-year run in which he built the chipmaker he co-founded into the roughly $4T centrepiece of the AI boom. Chief financial officer Colette Kress steps in as interim CEO while the board searches for a […]

Nearly one in four vulnerabilities attacked in the first half of 2026 was exploited on or before the day its CVE went public. That single figure explains why Upwind, the Cloud and AI security platform, has introduced Upwind Response, a capability designed to stop AI-driven attacks within seconds and keep intruders from going any further […]

NHS England has quietly deleted the webpage listing 137 hospital trusts as “live” with and “realising benefits” from Palantir’s federated data platform, the Guardian reported. The deletion follows the Guardian’s investigation last week, built on freedom of information requests the campaign group Medact sent to every English hospital trust, which found 29 trusts on the […]

Alphabet is raising about $3.8B through its first-ever Hong Kong and Singapore dollar bonds, according to term sheets seen by Reuters, beating its own target after investors placed more than $7B in orders. Google’s parent is selling HK$16B ($2B) of Hong Kong dollar bonds and S$2.28B ($1.8B) in Singapore dollars across seven tranches. It had […]

A long lunch with a colleague. A wellness class after work. A weekend away, booked from the sofa before bed. The purchases look ordinary. The money behind them does not. According to Nexo’s new report, Digital assets and the European lifestyle, European Nexo cardholders spent about €80 per transaction in 2025. That is roughly double […]

Cybersecurity teams have spent years trying to close the gap between discovering vulnerabilities and addressing them. Traditional penetration testing remains an important part of security programs. But its periodic nature creates an inherent limitation. The results represent a snapshot of an environment that may already have changed by the time testing is complete. That challenge […]

SoftBank has led a $500m funding round in German humanoid robotics startup Agile Robots that automates industrial work.

The Japanese multinational led the Series F funding round, which also features Nvidia, Hitachi, and T Capital and valued Agile at $8.5bn. Agile has raised around $2bn in total.

The Munich-based robotics company manufactures robotic arms, hands, autonomous mobile robots and humanoid robots, as well as building the software and AI models behind the tech.

Its robots carry out work such as assembling products, handling components, inspecting equipment and moving materials around factories.

Founded in 2018 as a spin-off out of the German Aerospace Centre, Agile said it would use the new funds to expand in the US and boost production capacity.

Earlier this year, Agile opened a factory close to Munich, which can make up to 10,000 legged and ⁠wheeled humanoid robots a year, the company said. Agile employs over 2,000 research and development specialists and holds over 650 patents. Its customers include automotive, consumer electronics, healthcare and service industries.

Agile CEO and founder Dr. Zhaopeng Chen said: “Physical AI will fundamentally change how the world builds, moves and makes things. Our vision is intelligent robots working alongside people in factories and warehouses everywhere, and Agile Robots is determined to lead that shift.

"We bring Physical AI out of the lab and into industrial production, across logistics, automotive, electronics and manufacturing. This funding allows us to accelerate our global expansion, strengthen our presence in key markets and build out production capacity.” 

European tech funding slowed considerably in October following a strong September. Companies raised €6 billion across 288 funding deals, compared with €15.8 billion across 300 deals in September. This represents a decline of around 62 per cent in funding value, while deal volume decreased by just 4 per cent month on month.

Companies

Out of 288 deals in October, 10 companies raised more than €100 million each. The value of 42 deals remains undisclosed. The month’s largest deal came from British AI chipmaker Fractile, which raised approximately £577 million in a Series C round, according to Companies House filings, to support its development of AI inference chips.

Industries

Healthtech was the leading sector by investment volume in European tech startups in September 2026, capturing €21.8 per cent of the month’s total funding, at €5.2 billion.

Countries

The UK remained Europe's leading fundraising market in October, securing €2.6 billion across 75 transactions.

Exits

Exit activity across the European tech ecosystem remained stable in October, with 39 transactions recorded during the month, matching September's total.

Grab the PDF version of this report for even more critical insights.

Prince Harry wants tech companies, not parents, to carry the burden of child safety online. He told the European Parliament on Tuesday that firms must show that children can use their products safely. He spoke in Brussels at the opening of the Lost Screen Memorial. It honours children whose parents link their deaths to harm […]

Opdo, an AI-native optical engineering company, has raised $2.3 million in pre-seed funding to accelerate its ambition of automating optical engineering, from initial design to finished components.

The Los Angeles and Berlin startup is developing a self-improving system that connects AI-driven design and simulation with real-world manufacturing data, and has already demonstrated its ability to reduce end-to-end development and manufacturing cycles from months to weeks.

For more than a year, Opdo has worked alongside customers to design complex optical systems, combining AI agents with specialist engineering expertise. Its technology operates within established optical design software, including Zemax and CODE V, allowing engineers to accelerate their workflows without replacing existing tools. Opdo’s own engineers provide additional design expertise, and customers can also source prototypes and finished components through the company.

Optics underpins technologies ranging from quantum computing and aerospace to AR/VR, defence and advanced sensing. Yet designing and manufacturing optical components remains slow and labour-intensive, with growing demand for specialist engineers creating bottlenecks across these industries.

Opdo aims to overcome these constraints by connecting digital design with physical production. Data from manufactured and tested components can feed back into its AI models, improving subsequent designs and progressively automating the journey from initial requirements to production-ready optical systems. Its customer projects already span laser and imaging systems, micro-optics and nanostructured surfaces.

“Every hardware team we talk to has an optics problem waiting in line. The engineers who can solve it are scarce, and the tools were built for a different era,” said Stephan Kuehr, co-founder and CEO of Opdo.

“With AI doing the heavy lifting, our engineers have dramatically cut our customers’ time to market.”

Opdo was founded by repeat entrepreneurs Stephan Kuehr and Yousef Arzhangnia, its CTO, whose backgrounds span manufacturing, optical engineering, artificial intelligence and automation.

Kuehr previously co-founded 3YOURMIND, whose software automates distributed manufacturing.

Customers including the US Department of Defence, Ford and Bosch use its technology to identify and re-engineer qualified parts with AI, store their designs digitally and enable automated production on demand at connected manufacturing sites.

The $2.3 million pre-seed round was led by Angular Ventures, with participation from Inflection and Tiny.vc.

“Optics is one of the last deep engineering disciplines that AI has barely touched, yet it underpins some of the most important technologies being developed today,” said Jerry Dischler, Partner at Angular Ventures.

“What makes Opdo interesting is that it isn’t asking engineers to abandon the tools and expertise they’ve spent years developing, but rather making those engineers substantially more productive."

“I believe the next frontier in applied AI will be physical,” said Alexander Lange, Founding Partner at Opdo.

“Opdo is building a self-improving system that takes real-world optical manufacturing data and feeds it back into AI-based simulation tools. 

That creates a powerful feedback loop between design and production, with the potential to transform optical engineering at a time when it has become a strategic bottleneck for several critical industries.”

The investment will help Opdo expand its engineering capabilities, develop its AI tooling and take on more customer projects. Companies looking to accelerate an existing optical design project, or bring a new optical component into development, can submit their use case at opdo.ai.

Google DeepMind says AI agents have mathematically proved that the code behind Signal’s encryption keeps its main security promises. The lab announced the result on 10 November, together with a new framework called AlphaProof Code and a technical paper. The Signal protocol protects chats in the Signal app, WhatsApp, Messenger and Google Messages. DeepMind’s researchers […]

AI-powered B2B pricing platform Mondrio has raised a $3.75 million funding round led by Heartcore Capital, with participation from Pretiosum VC, Hersir Ventures, Cambrena Capital and Momo VC, alongside angel investors with experience in pricing, CPQ, AI and payments.

Founded in 2026 by Gregor Biljardt and Joep van den Nieuwenhoff, Mondrio operates across Amsterdam and San Francisco. The company develops an AI-powered platform designed to help businesses develop and execute pricing strategies, optimise revenue and automate related workflows.

As AI accelerates product development, businesses are introducing new features, products and business models at a pace that traditional pricing processes often struggle to match. Pricing strategies that previously remained relevant for extended periods can quickly become outdated as market conditions, customer expectations and competitive dynamics change.

The growing adoption of AI also introduces new pricing challenges, particularly for software companies. Unlike traditional software products with relatively low marginal costs, AI-powered services can generate variable costs with each interaction, making effective pricing increasingly important for maintaining profitability.

Mondrio aims to address these challenges by combining AI agents with pricing expertise to help businesses continuously adapt their pricing strategies. Its platform analyses product changes, customer behaviour, competitive intelligence and market signals to identify pricing opportunities and recommend adjustments.

The platform consists of two complementary products. Pricing Studio supports the design and optimisation of product packaging, pricing models and price levels, while Deal Engine brings pricing intelligence into individual transactions, providing guidance on quotes, discounts, negotiations and renewals. It also automates quoting and approval processes within predefined parameters.

By connecting pricing strategy with deal execution, Mondrio enables information from individual transactions to inform future pricing decisions. Businesses can use the platform to support their existing pricing teams or access Mondrio's pricing experts for additional assistance.

AI is moving beyond answering questions to proactively identifying opportunities and taking action. For the first time, we can build agents that combine quantitative data with qualitative insights, such as customer conversations and market feedback, opening up entirely new possibilities for how companies make pricing decisions,

said Gregor Biljardt, Mondrio’s co-founder and CEO.

Mondrio's platform also addresses changes in B2B purchasing, as AI increasingly influences how businesses research products, compare solutions and negotiate commercial terms. The company aims to help businesses manage pricing decisions when interacting with both human buyers and AI-powered purchasing tools.

With the new funding, Mondrio plans to expand its AI, engineering and pricing teams, advance its agent capabilities and further connect pricing strategy with deal execution. The company also intends to strengthen its commercial presence in the United States and Europe, while expanding its reach beyond B2B technology into manufacturing and professional services.

Skydance will sell HBO Max and Paramount+ as a bundle from early 2027. It also plans to merge the two services’ technology within a year, using AI tools to move faster. The company set out the plan on 9 November with its first results since Paramount bought Warner Bros. Discovery. The details are in the […]

SoftBank Group swung to a net loss of ¥1.12tn ($7.1bn) in the July to September quarter. The biggest single hit was a $3.7bn writedown on power equipment for US AI data centres. SoftBank had paid for it in advance, then changed its plans. The SoftBank loss compares with a ¥2.5tn profit a year earlier. Analysts […]

UK banking infrastructure fintech Griffin has raised $20m in new funding, it said today, and is now valued at over $100m. The $20m Series B funding round was led by Octagon Partners with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega and other existing investors.

Griffin, whose CEO David Jarvis is a former Airbnb executive, has now raised around $95m in total.

Griffin is what is called a banking-as-a-service provider. It has a UK banking licence, which allows fintechs and businesses to offer banking services to their customers without them having to acquire the necessary banking licences.

Its tech allows companies to integrate bank accounts and payments into their own apps and platforms, as well as offering services such as KYC and anti-money-laundering. It says that since launching as a licenced bank two years ago, more than 80 companies are building on its infrastructure, including Uber.

The London-based fintech says it will use the funds to expand its suite of banking services, such as card issuing and stablecoin services. The funds, it says, will also help steer the UK fintech through to making a full-year profit.

Jarvis, CEO and co-founder, Griffin, said: “This round lets us go further: cards and stablecoins are the natural next layer for our infrastructure, and the response from investors so far reflects the scale of the opportunity ahead of us. We’re delighted to have Octagon leading this round alongside our existing investors."

Elvis Presley’s music owners and Eminem’s publisher have filed two more lawsuits against Suno, the $5.4bn AI music generator. They join a growing line of rights holders suing Suno. Their complaints spell out two different grievances: the songs, and the voice. The plaintiffs filed both suits on 6 November in federal court in Northern California, […]