Torus says it raised $500 million for combined battery and AI computing product
Energy-storage startup Torus said it raised $500 million in funding to help launch a product that combines batteries with artificial-intelligence computing. The product is the size of a shipping container, bringing energy storage and computing into one unit.
Sennder details €228 million financing package for freight operations
Digital freight forwarder sennder has secured a €228 million financing package, EU-Startups reported. It includes €73 million in equity accumulated over the past two years and €155 million in institutional financing, rather than an entirely new equity round.
Course Corrected closes €80 million fund for European technology startups
Stockholm-based venture capital firm Course Corrected has reached the final close of its second fund at €80 million, EU-Startups reports.
Fractile raises $720M at reported $7B valuation
London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund and other investors, the Financial Times reported, citing sources. The funding values the company at $7B after the investment, up from approximately $1.1B in May.
Switchpoint Bio raises €4.75 million for blood-based drug response platform
Switchpoint Bio has raised €4.75 million ($5.3 million) in pre-Seed financing to develop its blood-based platform for studying disease and treatment response, EU-Startups reports. Treehouse Delmar Investments supplied €4.48 million ($5 million) of the round.
EU proposes subscription controls and ban on loot boxes for minors
The European Commission proposed a Digital Fairness Act that would ban paid loot boxes for under-18s, prohibit manipulative interface practices and require online subscription cancellation in a few clicks, The Next Web reports.