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Nscale, the British hyperscaler engineered for AI, announced it has signed a €1.1 billion ($1.4 billion) Delayed Draw Term Loan backed by the GPU DDTL to purchase GPU infrastructure to deliver service under multiple contracts.‍ The GPU DDTL was led by funds managed by PIMCO, Blue Owl, and LuminArx Capital Management, with support from additional The post London’s Nscale signs €1.1 billion debt facility to deploy large-scale GPU clusters in Europe appeared first on EU-Startups.

Zurich-based PropTech startup ScyAI has closed a €2 million pre-Seed round to further develop their solution to make AI-powered risk intelligence accessible to companies with large real estate portfolios. The round was led by AENU and co-led by PT1, also attracting unicorn founders including David Helgason (Unity), Maex Ament and Philip Stehlik (Taulia, Centrifuge), investing The post ScyAI raises €2 million to bring AI-driven risk intelligence to enterprise real estate and insurance teams appeared first on EU-Startups.

Companies are often judged solely on share price and valuations that ignore fundamentals such as debt, profitability, and societal impact. There are multi-billion-dollar startups that are haemorrhaging money and have never turned a profit, yet are celebrated for their “unicorn” status. Reaching that target is the driving force behind many ventures, but it means very The post Mythical metrics don’t pay the bills: Sustainable growth over chasing unicorn status appeared first on EU-Startups.

British DeepTech startup Stanhope AI has secured €6.7 million ($8 million) in Seed funding to advance a new generation of AI designed for autonomous systems operating in the physical world. The round was led by Frontline Ventures, with participation from Paladin Capital Group and Auxxo Female Catalyst Fund, alongside follow-on investment from UCL Technology Fund The post London-based Stanhope AI raises €6.7 million for adaptive AI in robotics and defence applications appeared first on EU-Startups.

Quantum Systems, the Munich-based powerhouse of unmanned systems, announced a new financing package of a total value of €150 million to support their continued growth and industrial scaling in Europe. The financing was supported by the European Investment Bank (EIB) who provided a €70 million loan, along with participation from Commerzbank, Deutsche Bank and KfW. The post Quantum Systems continues its expansion amid rising European drone competition, secures €150 million financing package appeared first on EU-Startups.