More than 60 tech funding deals worth over €2.7 billion were tracked in Europe last week, with artificial intelligence, healthtech, and software being the top industries. Germany, Sweden, and the UK led the countries with the most funding. The Tech.eu Funding Explorer provides deeper insights into funding data, investor activity, and market trends.

This week, Helsing secured $1.8B Series E funding at an $18B valuation, while Uber acquired Delivery Hero in a €13B deal and Revolut announced plans to launch a US bank in 2027. These developments highlight significant investments and acquisitions in the European tech industry. The funding landscape is shifting, with notable trends in venture activity, investor moves, and emerging sectors.

Contrary to popular belief, the surge of billion-dollar 'seed' rounds in AI doesn't guarantee venture-like returns. Drawing parallels with biotech's history of capital-intensive startups, new data suggests that only a tiny fraction of mega-funded first rounds deliver exceptional investor outcomes, challenging the perceived rewrite of the venture model.

Sam Altman's public dismissal of 'space data centers' as a viable public market investment, aimed at Elon Musk, has ignited a crucial debate about the future of AI compute infrastructure. This 'trash talk,' validated by many experts, underscores the immense challenges and economic realities facing ambitious off-world computing visions. The exchange highlights a divergence in strategic thinking between two AI titans regarding where the industry's significant capital should be directed.

OpenAI, the creator of ChatGPT, is reportedly seeking a staggering $1 trillion valuation for its upcoming initial public offering (IPO), signaling immense confidence in its generative AI leadership. This ambitious target follows SpaceX's record-breaking IPO and sets a new benchmark for the burgeoning AI industry, attracting significant attention from investors and competitors alike.

Europe's tech ecosystem is witnessing a significant resurgence, with over €2.8 billion in funding deals reported this week, signaling a robust venture capital rebound. Major investments into hyperscalers like Nscale, deep tech pioneers such as Proxima Fusion, and strategic AI acquisitions underscore a growing confidence in the continent's innovation capacity and its pivotal role in the future of AI.

Europe posted its strongest venture funding quarter in four years, with $24 billion raised in Q2. The UK gained significant share, raising over $10 billion, and M&A activity picked up. AI-centric companies, including those spun out of Google DeepMind, drove large rounds.

OpenAI CEO suggests that video games can be a superior training data source than the internet for achieving AGI, with significant implications for the AI industry.

Quantum Systems has raised $1.2 billion at an $8 billion valuation, while IQM becomes the first European quantum company to list on a major US exchange. This development is part of a larger trend of significant funding and investment in European startups, with over 55 tech funding deals worth over €1.6 billion in June. The European startup ecosystem is experiencing rapid growth, with notable acquisitions, mergers, and investments in various sectors.

Saltroad, a clinician‑led speech and language therapy provider, secured £1.5 million in funding and bought AI documentation platform Ogma to streamline therapy for children. The move aims to cut admin, standardise notes, and expand access across the UK.

Billions flood longevity research as scientists explore AI-driven cellular reprogramming to reverse aging. MIT’s Roundtable unpacks the science, funding, and ethical dilemmas behind this cutting-edge field.

Crunchbase data reveals Q2 2026 delivered the most billion‑dollar startup exits since 2021, led by SpaceX’s historic $75B IPO and a wave of high‑value acquisitions. While the count lags the 2021 peak, the sheer size of these deals is reshaping the AI and tech investment landscape.

OpenAI co‑founder Greg Brockman testified that the company expects to spend $50 billion on compute this year, a figure tied to massive cloud and hardware deals. The revelation spotlights the economics of large‑scale AI and raises questions about profitability and investor expectations.