Tag: funding
24 articles tagged funding
Cambridge's CuspAI raises £338m at a £1.95bn valuation
Materials discovery startup CuspAI has raised £338m ($450m) with backing from Jeff Bezos and the UK's Sovereign AI Fund, quintupling its valuation.
AI firms take record 44% of UK small-business funding
AI companies took a record 44% of UK smaller-business equity investment in 2025, says the British Business Bank, as overall funding fell and early-stage deals slid.
Luminance bets on in-house AI over 'rented intelligence'
UK legaltech Luminance, fresh from a £56.8m round, argues that building its own AI models beats renting frontier intelligence on margins and accuracy.
Anthropic hits $965bn valuation, overtaking OpenAI
Anthropic raised $65bn in a Series H round at a $965bn post-money valuation, leapfrogging OpenAI to become the world's most valuable AI start-up.
Europe set to fall further behind US and China on AI data centre capacity
ING analysis says Europe will add 75% more data centre capacity by 2030 while the US doubles and China grows 2.5x; UK ex-National Grid CEO sees the same demand surge.
Isembard raises £37m to scale AI-powered precision manufacturing
Hardware startup Isembard secures £37m Series A to expand its network of high-precision factories using its MasonOS AI operating system, targeting 25 sites by end of 2026.
Nscale raises £1.5bn as Sheryl Sandberg and Nick Clegg join board
British AI data centre firm Nscale raises £1.5bn ($2bn) in new funding, appoints former Meta executives to its board, and sees valuation soar to £11bn ($14.6bn).
UK AI firm Nscale raises £1.6 billion in Nvidia-backed funding round
British AI infrastructure company Nscale valued at £11.7 billion after $2 billion Series C round led by Norway's Aker and 8090 Industries.
Amazon in Talks to Invest $50 Billion in OpenAI
Reports suggest Amazon CEO Andy Jassy is negotiating a major stake in OpenAI, despite the company's existing $8 billion investment in Anthropic.