EU proposes subscription controls and ban on loot boxes for minors
Image: Primary
Image: Primary 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.
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.
Stockholm-based venture capital firm Course Corrected has reached the final close of its second fund at €80 million, EU-Startups reports.
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 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.
Cognichip says its ACI chip-design platform completed a customer evaluation in 10 days with one engineer, compared with approximately 20 weeks for a conventional front-end team.