AI startup Pit is led by the co-founders of European scooter giant Voi and backed by a16z, which is leading the startup’s $16 million seed round.

Genesis AI, a startup that raised a $105 million seed round to build foundational AI for robotics, has unveiled its first model, GENE-26.5, but also a demo showcasing a set of robotic hands performing complex tasks.

SAP plans to buy German AI startup Prior Labs and invest heavily in it. It is also prohibiting customers' agents use to a select few like Nvidia's NemoClaw.

It is not that European startups never get attention — Lovable and Mistral AI are proof of that. But there are many more that insiders are tracking.

The two wildly fast-growing rivals have raised massive sums, pushed into each other's home turf, and now have dueling ad campaigns.

Ineffable Intelligence, a British AI lab founded a mere few months ago by former DeepMind researcher David Silver, has raised $1.1 billion in funding at a valuation of $5.1 billion.

Governments across Europe are looking to rely less on American tech providers.

Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Lidl’s owner, Schwarz Group. With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players.

Mistral Forge lets enterprises train custom AI models from scratch on their own data, challenging rivals that rely on fine-tuning and retrieval-based approaches.

After selling his AI startup to AMD for $665 million, Peter Sarlin is back with Qutwo, a new venture building the infrastructure it believes enterprises will need when quantum computing finally arrives.

Swedish vibe-coding unicorn Lovable crossed $400 million in annual recurring revenue (ARR) in February.

Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D led by Accel to fuel its growth in the U.S.

Nvidia-backed British AI infrastructure startup Nscale has raised another megaround of $2 billion.

A SPAC deal that is set to take French quantum company Pasqal public on the Nasdaq values the company at $2 billion pre-money.

Spanish startup Multiverse Computing has released a new version of its HyperNova 60B model on Hugging Face that, it says, bests Mistral's model.

Finnish unicorn IQM plans to go public via a special purpose acquisition company (SPAC) valuing the company at approximately $1.8 billion — joining the growing cohort of quantum computing companies listed on U.S. stock markets. 

Quantonation Ventures, a venture firm investing in quantum and physics-based startups, has closed its oversubscribed second fund at €220 million, or approximately $260 million. That’s more than twice the size of its inaugural fund, and comes in addition to other signals that the quantum winter isn’t coming yet.