Dutch startup Euclyd raised $230 million in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries. The investment backs Euclyd as it develops an alternative to Nvidia's dominant AI chips.
7:30 PMCNBC11 stories from 6 sources
Capital targets the AI stack, from chips to oversight
Day’s Recap
Supporting Articles
PSG Equity has raised more than €4.4 billion for a fund focused on European software and technology companies. The fundraising comes after a sharp selloff in the sector earlier this year.
7:00 AMBloomberg MarketsTemporal co-founder and CEO Samar Abbas discussed the company's Series E funding, which valued it at $12.55 billion, alongside concerns about AI safety and the need to audit the actions of autonomous agents.
7:59 AMCNBC7:30 PMCNBC
Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom
Summary
Dutch startup Euclyd raised $230 million in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries. The investment backs Euclyd as it develops an alternative to Nvidia's dominant AI chips.
Samsung's participation gives Euclyd both capital and a potential industrial partner as AI buyers seek
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The round shows that investors and major hardware companies are funding a broader challenge to Nvidia's control of AI computing.
7:00 AMBloomberg Markets
PSG Raises More Than €4.4 Billion for Software, Tech Bets
Summary
PSG Equity has raised more than €4.4 billion for a fund focused on European software and technology companies. The fundraising comes after a sharp selloff in the sector earlier this year.
The fundraise signals that institutional investors are returning to European software despite recent market stress.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large new pool of capital could support European software dealmaking while reinforcing the sector’s recovery.
7:59 AMCNBC
Temporal CEO on AI safety concerns: We should 'absolutely' audit what the agents have been doing
Summary
Temporal co-founder and CEO Samar Abbas discussed the company's Series E funding, which valued it at $12.55 billion, alongside concerns about AI safety and the need to audit the actions of autonomous agents.
The rapid increase in agentic AI adoption is making activity logs and post-action audits a
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
As AI agents gain more autonomy, auditability will become both a safety requirement and a competitive feature for enterprise software.
Other Developments
A curated list of other prominent stories from this day.
Euno raised $23 million in a Series A led by N47 to develop an enterprise AI context platform. The company aims to connect sales, marketing, financial and product data spread across corporate systems so AI agents can use it together.
6:32 PMPYMNTS
Kaiko raised $110 million in a funding round led by S&P Global, with BNP Paribas, Nasdaq, Royal Bank of Canada and other investors participating. The crypto data provider plans to expand its data business and product offerings as financial institutions increase their involvement in digital asset markets.
12:47 PMEconomic TimesEuropean space startups are attracting substantial new funding as the region works to expand its space capabilities and narrow the gap with the United States.
9:08 AMCNBCSaudi buy now, pay later fintech Tabby raised $233 million in its latest funding round, lifting its valuation to $6.5 billion. The financing reinforces the company's position as one of the region's most valuable private fintechs.
8:23 AMFinextraPave Finance has raised more than $15 million in an oversubscribed Series A round at a $100 million pre-money valuation for its AI-powered portfolio management platform aimed at financial advisors.
8:00 AMFinextraPave Finance raised more than $15 million in an oversubscribed Series A round at a $100 million pre-money valuation. The company provides an AI-powered portfolio management platform for financial advisers.
8:00 AMFinextraChift has raised €10.5 million in a Series A led by BlackFin Capital Partners. The European startup is developing infrastructure to connect financial services for AI-driven applications.
4:00 AMFinextraWizard Wellness, an allergy-care brand launched in January by beauty executive Lorne Lucree, has raised $1 million and launched its first celebrity campaign as it expands.
12:01 AMWWD6:32 PMPYMNTS
Euno Raises $23 Million to Give AI Agents Corporate Memory
Summary
Euno raised $23 million in a Series A led by N47 to develop an enterprise AI context platform. The company aims to connect sales, marketing, financial and product data spread across corporate systems so AI agents can use it together.
The financing signals that investors see enterprise context, not model access alone, as a growing
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI agents will remain limited in the enterprise unless companies can give them coherent, governed access to fragmented internal data.
12:47 PMEconomic Times
Crypto data firm Kaiko secures $110 million funding round led by S&P Global
Summary
Kaiko raised $110 million in a funding round led by S&P Global, with BNP Paribas, Nasdaq, Royal Bank of Canada and other investors participating. The crypto data provider plans to expand its data business and product offerings as financial institutions increase their involvement in digital asset markets.
Institutional investors are backing the infrastructure that supports crypto markets, not just the assets themselves.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Institutional crypto adoption is creating demand for specialized market data and strengthening the case for crypto infrastructure startups.
9:08 AMCNBC
Space startups raise big money in funding blitz as Europe aims to challenge U.S. dominance
Summary
European space startups are attracting substantial new funding as the region works to expand its space capabilities and narrow the gap with the United States.
The funding surge signals that Europe is treating commercial space capacity as a strategic priority,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Europe is building a stronger private space sector to reduce reliance on U.S. technology and providers.
8:23 AMFinextra
Saudi fintech Tabby raises $233m
Summary
Saudi buy now, pay later fintech Tabby raised $233 million in its latest funding round, lifting its valuation to $6.5 billion. The financing reinforces the company's position as one of the region's most valuable private fintechs.
The valuation increase gives Tabby more capital to expand lending and payments across the Middle
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Tabby's round strengthens Saudi Arabia's claim to be a major source of fintech scale and capital in the region.
8:00 AMFinextra
Pave raises $15m for AI-powered portfolio management platform
Summary
Pave Finance has raised more than $15 million in an oversubscribed Series A round at a $100 million pre-money valuation for its AI-powered portfolio management platform aimed at financial advisors.
The round gives Pave capital to push AI deeper into portfolio construction and advisor workflows,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI is moving from consumer finance experiments into regulated advisory infrastructure, where adoption depends on measurable performance and oversight.
8:00 AMFinextra
Pave raises $14m for AI-powered portfolio management platform
Summary
Pave Finance raised more than $15 million in an oversubscribed Series A round at a $100 million pre-money valuation. The company provides an AI-powered portfolio management platform for financial advisers.
The funding gives Pave resources to turn adviser demand for automation into a broader product
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI is moving deeper into wealth management, where adoption will depend on trust, compliance and demonstrable investment value.
4:00 AMFinextra
Chift raises €10.5m to build financial connectivity layer for the AI era
Summary
Chift has raised €10.5 million in a Series A led by BlackFin Capital Partners. The European startup is developing infrastructure to connect financial services for AI-driven applications.
The funding signals investor demand for the connectivity layer that AI finance products will need
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI finance will depend as much on dependable connections between systems as on the intelligence of the applications using them.
12:01 AMWWD
Wizard Wellness Raises $1 Million, Unveils First Celebrity Campaign
Summary
Wizard Wellness, an allergy-care brand launched in January by beauty executive Lorne Lucree, has raised $1 million and launched its first celebrity campaign as it expands.
The funding gives Wizard Wellness early capital to broaden distribution and build consumer awareness in
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The launch shows how emerging wellness brands are pairing small venture rounds with celebrity reach to accelerate consumer adoption.
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