Why European tech and Asia will be ‘a lot closer’ in next five years, according to bankers

Nebius tests the neocloud playbook with $40 billion in planned spending

Nebius plans to fund its $40 billion AI infrastructure expansion through customer prepayments and loans, even as delays at a Microsoft data center raise questions about its financing model.

Navies queue up for billion-dollar European miltech company which humbles fiber-optic

Optics11 is attracting naval interest with fiber-optic sensors that detect underwater sounds, while expanding partnerships, trials, and classified defense applications.

HubSpot brings back co-founder Brian Halligan as CEO to ‘refound’ it

HubSpot co-founder Brian Halligan is back as chief executive, five years after he stepped down. He replaces Yamini Rangan, who also leaves the board, with immediate effect from 12 November, the company announced. HubSpot calls it a “refounding” of the company.

Axle raises $9M to bring AI agents to Wall Street’s meeting-makers

Axle has raised $9M led by Eniac and Bonfire Ventures. It makes software that helps investment banks arrange meetings between investors and company management, and will add more AI agents. It says some of North America’s biggest banks use it.

Orakl Oncology raises $34M to predict cancer drug results with AI

Paris-based Orakl Oncology has raised a $34M Series A co-led by Norrsken VC and Singular. It grows copies of patients’ tumours in the lab, tests drugs on them and uses AI to predict trial results. It will expand into lung and gastric cancer.

Anthropic’s IPO is reportedly oversubscribed as founders sell $1.75bn

Anthropic’s share sale has drawn orders for several times the shares on offer, Bloomberg reported on 11 November, citing people familiar with the matter. Large, anchor-size orders drove the demand, the people said.

Why is Northzone betting on scouts as Sequoia walks away?

Drone startup Uforce raises $700m backed by Valor Equity Partners, UK National Wealth Fund

SoftBank leads $500m round for Agile Robots