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.
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.
England's university regulator urges return to exams as AI complicates grading
England's Office for Students recommends that universities return to written exams and in-person presentations because AI makes grading coursework "close to impossible," The Guardian reports.
Stingray reports over 3,500 laser robots deployed at Norwegian salmon farms
Stingray Marine Solutions reports that over 3,500 of its underwater robots now operate at Norwegian salmon farms, protecting over 112 million fish.