Peter Sarlin’s Qutwo hits $380m valuation in an angel round
Peter Sarlin’s Qutwo hits $380m valuation in an angel round

After selling Silo AI to AMD for $665m, the Helsinki entrepreneur is doing it again. Qutwo’s angel round prices a quantum-classical orchestration layer with no quantum hardware shipping yet, and customers already paying tens of millions for it. There i…

Davis raises $5.5m pre-seed to compress real-estate development from months to days
Davis raises $5.5m pre-seed to compress real-estate development from months to days

The Paris-based AI-native real-estate company, founded by Entrepreneurs First alumni Mehdi Rais and Amine Chraibi, has Heartcore and Balderton co-leading the round, an unusual cap-table for a pre-seed. The technical pitch is more interesting than the h…

China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks
China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks

What started in mid-April as a $300m raise at a $10bn valuation, with Alibaba and Tencent talking, is now an FT-reported deal at $45bn led by the China Integrated Circuit Industry Investment Fund. The strategic logic has changed substantially. There is…

The IronSource founders sold an ad tech company for $4.4 billion. Their next bet is that AI agents will replace the ad buyers their old company served.
The IronSource founders sold an ad tech company for $4.4 billion. Their next bet is that AI agents will replace the ad buyers their old company served.

The founders of IronSource spent a decade building tools that helped mobile app developers monetise their products through advertising. They sold that company to Unity for $4.4 billion in 2022, watched Unity dismantle the ad network they had built, lef…

ServiceNow projects $30bn by 2030, with a third of ACV from AI
ServiceNow projects $30bn by 2030, with a third of ACV from AI

ServiceNow has, in 2026, become one of the more carefully watched test cases for whether enterprise software companies can ride the AI wave or be displaced by it. On Monday, the company gave investors its strongest answer yet. Bloomberg reported that S…

Meta is raising $13bn for one Texas data centre, a new ceiling for single-site AI financings
Meta is raising $13bn for one Texas data centre, a new ceiling for single-site AI financings

The financing scaffolding around AI infrastructure keeps growing. Bloomberg reported on Sunday that Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a financing package of roughly $13bn for a single data centre in El Paso, Texas. If …

eleQtron closes €57m Series A, one of Europe’s largest quantum-computing rounds
eleQtron closes €57m Series A, one of Europe’s largest quantum-computing rounds

Quantum computing has, for most of its commercial existence, been a category in which European labs do exceptional research and US and Asian companies do most of the venture funding. On Tuesday, the German trapped-ion quantum-computing scale-up eleQtro…

A crypto VC raised $1 billion to fund AI agents. The bet is that finance, not models, is what they need.
A crypto VC raised $1 billion to fund AI agents. The bet is that finance, not models, is what they need.

  Katie Haun has raised $1 billion for two new venture funds at Haun Ventures, split evenly between early and later-stage vehicles to be deployed over the next two to three years. The capital will go into crypto and blockchain companies, which have bee…

SAP buys Prior Labs to anchor a European frontier AI lab around tabular foundation models
SAP buys Prior Labs to anchor a European frontier AI lab around tabular foundation models

Eighteen months after a €9m pre-seed, the Freiburg-based pioneer of TabPFN is being acquired by SAP and will receive more than €1bn over four years. The terms are not disclosed; the strategic intent is unmistakable. When Frank Hutter, Noah Hollmann, an…

Blackstone wants $1.75bn for the first AI-era data-centre REIT
Blackstone wants $1.75bn for the first AI-era data-centre REIT

Blackstone Digital Infrastructure Trust will list on the NYSE under BXDC, targeting newly built data centres leased to hyperscalers. It is the most direct way Wall Street has yet packaged the AI build-out for public investors. For most of the past 18 m…