HomeAI StartupsIneffable Intelligence launches with $1.1 billion, Nebius buys Eigen AI in $643...

Ineffable Intelligence launches with $1.1 billion, Nebius buys Eigen AI in $643 million deal, and UK startups enter UK Parliament

This week, the European tech scene was abuzz with activity, as we tracked over 65 financing deals totaling more than €2.2 billion, alongside over five exits, mergers and acquisitions, and related news. If you prefer getting such updates directly, consider subscribing to our newsletter for a comprehensive version of this summary. But for now, let’s dive into the highlights of the week.

💸 Notable and Important Funding Rounds

In a groundbreaking move, 🇫🇷 Ineffable Intelligence launched with a record-setting $1.1 billion funding round, marking a significant milestone in the tech financing landscape. Meanwhile, 🇫🇷 Ebury secured over £550 million in funding, further bolstering its financial capabilities. In Germany, the robotics startup Sereact attracted $110 million in investment, underscoring the growing interest in robotics and automation technologies.

🫱🏽‍🫲🏻 Remarkable Acquisitions and Mergers

In acquisition news, 🤖 Nebius made headlines by purchasing the US AI inference startup Eigen AI in a substantial $643 million deal. Additionally, 🇫🇷 Rivage raised €50 million and acquired Infoclip to form a major outsourcing and cybersecurity group, enhancing their service offerings. 🇩🇪 ECD International also expanded its portfolio by acquiring a majority stake in the Munich-based influencer marketing agency SC Media House.

🚀 Interesting Moves from Investors

Venture capital activity remained strong, with 💸 KOMPAS VC closing a €160 million Fund II aimed at industrial technology startups. Meanwhile, 💰 EQT mobilized a massive 3.1 billion euros for their European logistics fund, demonstrating robust confidence in the sector. In a similar vein, 💵 Earlybird closed their €360 million Fund VIII, focusing on deep tech and long-term ownership strategies.

🗞️ In Other (Important) News

🇩🇪 SPRIND launched the €125 million Next Frontier AI Challenge, an initiative to support emerging AI paradigms across Europe. The UK announced plans to develop a comprehensive AI hardware strategy, reflecting the country’s commitment to leading in AI innovation. Furthermore, 🤖 European AI-native founders are reportedly building faster and younger than ever before, showcasing the dynamic nature of the European tech ecosystem.

In a notable development, 🇪🇺 Europe is on track to become the first “electro-continent” with an ambitious electrification target of 50% by 2040. Additionally, 🤖 Freepik rebranded to Magnific, consolidating its AI creative stack as its business and “collarless” growth accelerates.

📡 Recommended Reading and Listening

For those interested in policy and tech intersection, 🇫🇷 British startups entering the UK Parliament with hopes of change is a must-read. The new reality of Berlin tech, characterized by AI-driven production, stagnant wages, and a workforce in flux, provides insights into the challenges and opportunities in Germany. Additionally, an article on the top 10 software companies that raised the most in 2025 offers valuable perspectives.

🇪🇺 The impact of private equity and venture capital on job creation in Europe is also highlighted, with a reported 4% increase, outpacing the continent’s average growth fourfold in 2024.

🔭 European Tech Startups to Watch

🇫🇷 ManaMind has secured $1.5 million to advance autonomous testing for games, positioning itself as a pioneer in gaming innovation.

🇮🇹 Always Friday raised €1.05 million to automate corporate event planning with AI agents, offering new efficiencies and capabilities for event organizers.

🇨🇿 Tapaya’s €1 million pre-seed funding aims to enable payments on any device, a move set to revolutionize payment systems.

🇨🇭 Qendra received €162,000 to further develop quantum computing systems, marking an important step in the evolution of computing technology.

🇩🇰 Atech is at the forefront of a new era of physical AI with its pre-seed funding aimed at creating “Lovable for Hardware,” a concept that could redefine how hardware is developed and perceived.

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