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Exclusive: Plural backs $43m round for next-generation battery startup Ore Energy

Sifted 4 August 2026, 05:00

Dutch startup Ore Energy raised $43 million in Series A funding to scale its iron-air battery technology, with investors viewing long-duration energy storage as critical for Europe's AI infrastructure needs. The round valued the company at $16 million post-money. The battery technology enables grid-scale energy storage to support renewable power systems serving data centers and other energy-intensive applications.

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TLDRocket 19 September 2026

AI’s big throughline today wasn’t better models—it was better ways to find out what they can do, and what they shouldn’t. Vals, backed by Andreessen Horowitz, raised $40 million to replace stale benchmarking with evaluations grounded in real industry tasks and measurable impact. It’s expanding from 8 to 25 staff, relocating, and starting work with federal agencies—an implicit admission that leaderboards don’t cover the failure modes executives actually worry about.

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Exclusive: Plural backs $43m round for next-generation battery startup Ore Energy

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