Desk

Expansion Funding

Series A/B rounds and growth investment with a stated international ambition.

Workers inspect cooling equipment beside an AI data centre under construction in rural Norway.

Nscale secures $3.36bn in convertible funding ahead of US IPO

The British AI cloud company has secured funding led by Third Point as it develops data centre campuses in Norway and West Virginia, TechCrunch reports.

26 Sept

An HR administrator prepares a new employee’s laptop and headset at a workstation in Reykjavík, Iceland.

Expansion Funding

50skills raises $6m to expand AI-powered HR platform

Iceland-founded 50skills will invest in commercial teams and AI agents as its HR automation business builds a customer base across the Nordics and UK.

24 Sept

An anonymous technician checks cabling between server racks at an AI data centre in Helsinki, Finland.

Expansion Funding

Verda raises €164.8m as AI cloud expansion brings unicorn status

Helsinki-based Verda has secured €164.8m and reached unicorn status, with plans to add computing capacity and expand across Europe, the US and Asia.

22 Sept

An IT worker prepares laptops beside equipment boxes for new employees in a Paris office.

Expansion Funding

Primo raises €6.9m to expand AI-led IT platform in Europe

Paris-based Primo will use the funding to hire and deepen its presence in the UK, Germany, Benelux and the Nordics as it develops autonomous IT agents.

22 Sept

An anonymous technician checks a tablet beside rows of solar panels at a renewable energy site in Germany.

Expansion Funding

Metris Energy raises €4.35m to expand across Europe

London-based Metris Energy will use its Seed funding to develop AI agents, support more renewable asset types and expand in Europe, with Germany a priority.

21 Sept