I have come to believe that one of the biggest misconceptions about AI is also one of the most expensive: the idea that technology can repair a business that has never streamlined how its processes actually work. AI can accelerate an operation, automate repetitive work, and surface problems at remarkable speed. Give it a fragmented […]

Google raised the Pixel 10a from $499 to $599 seven months after launch, with no change to the phone, blaming memory costs that its own vice president said had risen from $2.80 per gigabyte to $12. Apple and Samsung have both repriced existing phones in the past month, and Google has not said whether European […]

Nvidia hit a record for the first time since May, leaving it under $300B short of becoming the first company worth $6T, on a rally driven by AI agent demand and a record $150B buyback increase. ASML, Europe’s most valuable listed company, needs the same $300B to reach its first trillion. Nvidia hit a record […]

GPS has become so embedded in modern life that its infrastructure is almost invisible. A driver opens a map, an aircraft follows its navigation system, or an autonomous machine calculates its position, and the underlying infrastructure disappears from view. Nir Sharon, Chief Quantum Technology Scientist at Quantum X Labs and an associate professor of applied […]

FieldAI is raising $700M at a $10B valuation, five times its mark from just over a year ago, for software designed to run robots it does not build. Europe’s biggest robotics rounds this year funded machine makers, and the nearest European answer to FieldAI was reported at about a third of its valuation. FieldAI is […]

Pope Leo XIV told artists at the Vatican on Friday that there is an ontological difference between art and what a machine generates from millions of images made by others. European law has required synthetic content to carry machine-readable marks since 2 August, but artistic and satirical work gets the lightest disclosure obligations of all. […]

Volantis has raised $88M to build a photonic link between AI compute and memory, using gallium arsenide lasers to avoid constraints in indium phosphide. The Netherlands is building a EUR 153M indium phosphide pilot line at Eindhoven that opens in 2027, the same year Volantis plans to ship. Volantis has raised $88M to put light […]

Tesla delivered 486,532 vehicles in the third quarter, down 2% year on year but well above the 461,000 analysts expected, with American electric sales down 47% in August after the federal credit expired. Its European registrations rose 43.3% between January and August, outpacing the wider battery-electric market. Tesla delivered 486,532 vehicles last quarter, 2% fewer […]

Alibaba has held preliminary talks with Spanish solar producer Solaria about supplying power for a data centre at Puertollano, south of Madrid. Spain is drafting rules that would require data centre operators to be established in the EU and keep all data inside European borders. Alibaba has held talks with a Spanish solar producer that […]

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The post Weekly funding round-up! All of the European startup funding rounds we tracked this week (Sept. 28 – Oct. 02) appeared first on EU-Startups.

This week, we tracked more than 70 tech funding deals worth over €3.9 billion and over 5 exits, M&A transactions, rumours, and related news stories across Europe.

This week took me from Bilbao to Angers. In Bilbao, I was at BIOSPAIN 2026, digging into the startups, investment, and technologies emerging from Spain’s growing biotech ecosystem — as well as the bigger questions around Europe’s competitiveness and strategic autonomy.

Then it was on to Angers, France, where Bull opened a new production building as part of an €80 million redevelopment that will double its production capacity for supercomputers and AI infrastructure.

I’ll be following up on both, particularly the startup, scale-up, and European sovereignty angles.

If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox.

❗ Want to explore the data in more detail? The free, open-access Tech.eu Funding Explorer offers deeper insights into funding rounds, investor activity, company profiles and market trends.

Either way, let's get you up to speed.

? Notable and big funding rounds

?? Nscale raises $3.36B in pre-IPO financing to accelerate full-stack AI cloud expansion

?? Reverion raises €154M and plans to hire 800 people in a new factory

?? Micromobility company Voi secures €150M RCF to redeem outstanding bonds and scale its fleet

?? Onomondo raises €100M+ to scale its global IoT infrastructure

??‍?? Noteworthy acquisitions and mergers

?? Croatian RPA platform Robotiq.ai to be acquired by Indian HCLSoftware

?? Lottie snaps up CareMaster as AI push moves deeper into care operations

?? Airbus has acquired French cybersecurity company Quarkslab

? Interesting moves from investors

? Mistral and Black Forest Labs backer Headline closes $400M European fund

? DIG Ventures closes $120M Fund III to back Europe’s AI infrastructure startups

? Sofinnova Partners closes oversubscribed €82M Sofinnova MD Start IV fund

?️ In other (important) news

? Blackwall jumps 368% to become Estonia’s newest unicorn

? Oura delays $15B US IPO

? “Make robots fight instead of people”: Mykhailo Fedorov launches Army of Robots — and you could be its CTO

? Trace.Space launches Trinity to tackle hardware engineering’s next bottleneck

??  Berlin’s Apheris and Ginkgo bring pharma giants together to train AI on 10,000 antibodies

? Recommended reads and listens

?? Apply AI Summit brings Europe’s push for real-world AI adoption to Brussels

? Good Tape raises fresh funding and launches Explore to uncover stories buried in old interviews

? Interhuman AI wants to teach AI what humans say without words

? European tech startups to watch 

?? Ahron raises €2.2M to automate HR processes with AI

?? From six engineering students to 10M users: Tryp.com raises €1.9M

?? ‘Shopify of mobile apps’ bilt.me raises $700,000 to turn ideas into mobile businesses

?? Sovera Security secures €535,000 from EIFO to build sovereign AI cybersecurity

?? Kyndred raises €500,000 from Early Game Ventures to build AI companions

Anthropic has warned that the US government’s view of the company could hurt its ties with business customers and partners as well as its government work. The warning is in the AI firm’s IPO prospectus, which Reuters reported on Friday after seeing the document. The prospectus has not been made public, and TNW has not seen […]

More than 3 million people prompt Meta’s Muse at least once a week, according to internal data reviewed by The Information. More than 1 million send the AI agent a prompt every day, Jyoti Mann reported. The weekly figure is part of a wider group. More than 4 million people use Muse in some way […]

Swedish fintech Trustly today said it had received more than $40m in equity investment commitments from two key shareholders to underpin its planned growth strategy.

The investment follows just weeks after it was revealed Trustly was cutting around 200 jobs, around a quarter of its overall headcount, after it saw its revenues fall by more than $50m last year.

The equity is being provided by its main shareholder, Nordic Capital, and another key shareholder, Alfvén & Didrikson. Trustly said it will use the funding to build new products leveraging AI. The capital raise is expected to conclude in November 2026. 

Trustly’s other existing shareholders will be offered the opportunity to participate in the capital raise, Trustly said. Trustly, which is backed by BlackRock and has raised over $400m in funding, leverages open banking technology to allow its customers to pay directly from their bank account without needing to use a card or app.

It is an alternative payment method to card giants Visa and MasterCard. Johan Tjärnberg, Group CEO of Trustly said: "This commitment from Nordic Capital and Alfvén & Didrikson is a vote of confidence in Trustly and where we’re headed."

Tencent has signed a five-year lease to use about 100,000 advanced AI chips from Oracle. People familiar with the matter told the Financial Times about the deal. The chips, which are not available in China, sit in several Oracle data centres in South-East Asia. The deal, signed this year, is worth about $7bn, and Tencent […]

Nvidia chief executive Jensen Huang and other tech leaders questioned Anthropic’s Dario Amodei about his public warnings on AI at Tuesday’s White House lunch. People familiar with the matter told The Wall Street Journal about the exchange. Amodei replied that it was important to be honest, according to the report. The exchange came just after […]

Micron says the global memory shortage will get tighter over the next two years. The US chipmaker reported record results on Wednesday. Revenue for the quarter to 3 September rose nearly fivefold from a year earlier, to $54.23bn, the company said. Net income reached $37.7bn, up from $3.2bn a year earlier. Gross margin hit 86.8%, […]