doubleAI announced it raised a $200 million Series A co-led by Lightspeed and Bessemer, with Nvidia and Dell participating. The funding values the company at more than $1 billion and includes plans to buy 1,000 Nvidia B300 Blackwell graphics cards. doubleAI says Maxwell will be sold to enterprises to reduce hardware usage, and the company will use the GPUs to scale its model-driven optimization and research automation.
Tolan, an AI companion for daily life management and emotional support, raised new funding to expand its runway. The startup secured another $30M, doubling its total raised to date. It plans to keep growing its AI companion product as it faces competition from newer AI agents and scrutiny around AI emotional-support risks.
Tenstorrent, an inference-focused chip startup, raised $1.5 billion at a $6.2 billion valuation to scale its AI hardware. The round lifted its valuation from $2.6 billion in late 2024. The new funding will be used to scale chips tailored for serving open-weight AI models and video generation.
CoreWeave’s bonds fell into distressed territory, triggering broader worry about whether the AI buildout is turning into a credit bubble. The indicator cited was a spread of 1,000 basis points over government bonds. As investors repriced CoreWeave’s risk, its shares dropped more than 20% and some other AI companies saw spillover damage.
Character.AI filed for bankruptcy as part of a deal that let Disney hire most of its staff and possibly acquire most of its technology while shifting legal responsibility for safety claims and investigations.
Anthropic is creating an Anthropic Public Benefit Fund and committing 5% of its shares to it. The fund could grow as the company’s shares rise, and the company’s post-addition pledge means about 20% of shares could be dedicated to the public good. This expands how Anthropic plans to fund its mission by enabling larger donations to traditional nonprofits or targeted distributions and follows its $200 million AI labor market study.
Gaming venture capital deals in Q3 2026 skewed toward AI-focused startups rather than game studios, according to PitchBook’s gaming VC data. Deal value year-to-date totaled $13.7 billion across 430 deals, while AI 3D and AI video generation firms Meshy and Higgsfield each raised $400 million rounds. The shift means more investment is going to “picks and shovels” AI tools than to game makers, with early-stage AI bets increasingly outweighing content-focused funding.
European startup funding in Q3 2026 increased, with later-stage rounds growing faster than overall funding and activity clustering in larger companies. Later-stage investment rose from $12.1 billion in Q2 to $17.3 billion in Q3. Investment also shifted toward bigger, international-led rounds and more public-market exits, alongside AI-led moves into professional services and healthcare administration.
Linkener raised €7.5M led by Alantra’s Klima fund to build AI-driven energy management software and pursue acquisitions to consolidate Spain’s fragmented market. The company says it serves more than 2,000 customers and manages 10,000 energy supply points totaling 1.7 TWh of annual consumption, but these figures are self-reported and unaudited. It plans to expand product development and use new AI models to automate invoice processing, validate consumption data, flag irregularities, and generate savings recommendations while integrating future acquisitions into one platform.
Menlo Ventures co-leads Town’s funding round after Town’s email-first assistant grew rapidly, with Menlo’s involvement described as starting when the firm adopted Town in June.
AI debt buying has spread across mutual funds, insurers, private equity, and individual investors as hyperscalers take on loans, but borrowing has faced higher interest. The most concrete issue cited is that interest has moved higher for those hyperscalers. As a result, the market increasingly shows a gap between committed capital and expected future revenue, with some data center projects delayed or failing.
Linkener raised a €7.5 million funding round to expand its intelligent energy management platform, SIGE, which uses remote metering to help customers monitor and optimize energy use. The round was led by Klima Energy Transition Fund and Alantra’s energy transition fund. With the funding, Linkener will develop its technology and proprietary AI models, automate bill and data processing, and support growth through organic expansion and acquisitions.
Enzo Ventures launched its second pre-seed fund to back Southern Europe-based founders, with Fund II already investing in three companies including Cori Clinical in London. The fund size is €20 million, with first checks planned between €250,000 and €600,000. It will scale the same pre-seed approach from Fund I while concentrating on B2B technology, AI, and software, rather than targeting companies by where they are incorporated.
European tech weekly recap tracked more than 65 European tech funding deals plus over 5 exits, M&A transactions, and related rumours. The deals totalled over €1.8 billion, with fintech raising €621 million, healthtech raising €478 million, and energy raising €236.6 million. Coverage shifts into a funding-explorer style roundup with detailed deal-by-country and deal-by-company highlights, including AI-related items like photonic chips and AI agents.
Siemens is leading a new funding round in Skeleton Technologies, an energy storage maker for AI data centers, valuing it at more than $1 billion. The round is described by Skeleton’s CEO as a “9-digit investment round,” meaning at least $100 million. Siemens will gain worldwide exclusive rights to sell and scale Skeleton’s supercapacitors for data center use, while Skeleton plans to invest more than $200 million in U.S. scaling and R&D.
Vessla, a Stockholm AI startup, exited stealth after raising a pre-seed round to build an AI platform that automates workflow across property management systems. Seedcamp led the $3.3 million round, which was more than twice oversubscribed. Vessla plans to expand its agentic operating system to connect leasing, building operations, and investment planning across property portfolios, while keeping human oversight for decisions requiring judgment.
Vessla, a Stockholm startup, raised an oversubscribed $3.3 million pre-seed round to use AI agents as a layer over existing property software for portfolio-wide coordination. The round was led by Seedcamp. The funding supports building an operating system that connects leasing, building operations, and investment planning while shifting routine execution to agents and keeping human approval for judgment calls.
Nscale had Microsoft withdraw as the anchor tenant for its planned British data center in Loughton, England. The project’s power timeline has shifted to the 2030s, and Microsoft’s planned rent of 23,000 Nvidia AI chips is no longer secured. Nscale is pursuing alternative power sources and its IPO on the NYSE under NSCL faces investor skepticism over its valuation.
Anthropic said it will set aside 5% of its shares to fund donations for public-benefit purposes, excluding any use for lobbying or political donations. The commitment is 5% of its shares, with an additional 2% potentially allocated at the board’s discretion. This adds a formal philanthropic funding mechanism as Anthropic pursues a potential IPO that could value it above $1tn.
Nvidia assembled major finance firms in August to create financing platforms aimed at mobilizing capital for companies building AI infrastructure. The target is over $500 billion. This shifts competition away from frontier labs toward who can raise and structure financing, with the U.S. advantaged and other regions constrained by capital-markets plumbing or capacity mismatch.
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