Sifted
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15 hours ago
● 2 sources
CuspAI, a Cambridge-based AI materials discovery startup founded in 2024, raised $450m in Series B funding led by Kleiner Perkins and NEA, valuing the company at $2.6bn. The round more than quadrupled the company's valuation from its $100m Series A in September 2023, with participation from Bezos Expeditions, Glade Brook Capital Partners, Lux Capital, and others. CuspAI will use the capital to expand operations globally and launched its AI Materials Foundry network with 45 founding members including Nvidia, Meta, Samsung, and Hyundai to accelerate discovery of new materials for semiconductors, clean energy, and manufacturing.
TLDR
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15 hours ago
Meta is in talks to lease computing power to Anthropic in a deal potentially valued at $10 billion over two years. The agreement would include monthly payments and early exit options, with the deal structured to begin in June. Meta would generate revenue from excess GPU capacity while it waits for demand for its own AI services to increase.
Tech.eu
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16 hours ago
Sereact, a warehouse robotics company, raised $116 million in Series B funding with Zalando joining as a strategic investor, bringing total funding to over $145 million. The company has deployed over 200 robotic systems across Europe and completed more than one billion picks using its Cortex AI brain, which learns from real-world data collected across customer deployments. With this capital, Sereact will scale Cortex 2.0, which uses predictive world models to plan robot movements before execution, and expand internationally including into North America.
Tech.eu
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17 hours ago
ETH spin-off goNEON Agentic Systems raised €160,000 from Venture Kick to develop an AI platform that automatically generates infrastructure designs from engineering requirements and constraints. The platform enables engineers to generate and evaluate design scenarios in minutes instead of weeks. The funding will support pilot projects and help scale the platform's planning workflow modules for broader infrastructure applications.
Tech.eu
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17 hours ago
European tech companies raised over €2.7 billion across more than 60 funding deals last week, with artificial intelligence attracting €1.6 billion of that total. Germany led by country with €1.7 billion in funding, followed by Sweden with €620.5 million and the UK with €231.9 million. The funding landscape shows continued investor interest in AI, healthtech, and software across the continent, alongside notable M&A activity including SAP's €1 billion acquisition of Prior Labs.
Tech.eu
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18 hours ago
● 2 sources
CuspAI, a UK materials-discovery AI startup, raised $450 million in Series B funding led by Kleiner Perkins and NEA, with backing from Jeff Bezos's family office and the UK government's Sovereign AI Fund. The round values the company at $2.6 billion, up from $520 million nine months earlier, bringing total funding to over $670 million. CuspAI will use the capital to expand globally and launch an AI Materials Foundry involving partners like Nvidia, Meta, Samsung, and Hyundai to accelerate material design for clean energy and semiconductors.
