Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Enterprise customers are resisting bigger spending commitments when their contracts with frontier AI labs Anthropic and OpenAI come up for renewal, according to reporting from The Information.
MIT CSAIL researchers report that OpenAI's GPT-6 Astra directly edited the weights of Alibaba's small Qwen3.5-0.8B model — no retraining required — and raised its MATH-500 score from 7.9% to 48.1%.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition of The Daily Deal. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, AnyAlpha.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Beacon Biosignals.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
Nvidia has told cloud and data center customers worldwide to keep Chinese companies to no more than 49% of their customer base, according to the Financial Times, cited by Bloomberg on November 3.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from North America added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Mimeto.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Beacon Biosignals.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from Europe added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Tiles AI.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Beacon Biosignals.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Enterprise customers are resisting bigger spending commitments when their contracts with frontier AI labs Anthropic and OpenAI come up for renewal, according to reporting from The Information.
MIT CSAIL researchers report that OpenAI's GPT-6 Astra directly edited the weights of Alibaba's small Qwen3.5-0.8B model — no retraining required — and raised its MATH-500 score from 7.9% to 48.1%.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from Latin America added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Tiles AI.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Beacon Biosignals.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Enterprise customers are resisting bigger spending commitments when their contracts with frontier AI labs Anthropic and OpenAI come up for renewal, according to reporting from The Information.
MIT CSAIL researchers report that OpenAI's GPT-6 Astra directly edited the weights of Alibaba's small Qwen3.5-0.8B model — no retraining required — and raised its MATH-500 score from 7.9% to 48.1%.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The 29th edition of the Cape Town event formerly known as AfricaCom, covering connectivity, data centres, AI, cybersecurity and startups; it is the largest annual gathering of African telecom and technology operators.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
Every company, round and story, with its profile
Dealroom Premium members get the same edition, with each name linked to its profile on the platform.
The Global edition with the best from Africa added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Laqeeni.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Notch.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Enterprise customers are resisting bigger spending commitments when their contracts with frontier AI labs Anthropic and OpenAI come up for renewal, according to reporting from The Information.
Saudi Arabia's Public Investment Fund (PIF) has raised the equivalent of $3 billion in dual-tranche credit facilities guaranteed by SACE, Italy's export credit agency.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from MENA added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Tiles AI.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, LayerX.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from Asia added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
The Daily Deal
Wednesday 4 November 2026
Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%
Chart of the day European VC firms have raised more in 2026 than in any year except 2022.
Just raised Kling AI $3B, Fal $1.3B, Traversal $120M.
Just acquired Salesforce buys Cresta for $2.7B, and two more.
Just founded Pelagic Systems, Cesara, Tiles AI.
Just hired FINN names Patrick Oliver Schmidt CEO.
Hiring now LangChain, Vega, Neara.
In the news Revolut swaps Claude Code for a Chinese open-weight model, cutting its AI coding bill by 90%, and six more stories.
Venture capital firms based in Europe have raised $35.1B for 268 new funds so far in 2026. That is already more than in any year except 2022 ($44.3B), and at the current pace the year ends at about $42B. Funds of $1B or more make up $9.0B of it, led by EQT's $5.5B Scaleup Europe Fund.
Platform for developers to harness the power of advanced diffusion models with unprecedented speed and efficiency. Backed by Bessemer Venture Partners and Nvidia.
An AI site reliability engineer that troubleshoots, remediates, and even prevents production issues in complex software systems. Backed by Khosla Ventures and Kleiner Perkins.
By country
US$109B
China$19B
UK$3.1B
South Korea$2.8B
India$1.5B
France$831M
By sector
Enterprise$105B
Health$8.2B
Energy$8B
Fintech$6.8B
Transportation$4.5B
Semiconductors$4.5B
$141B across 1,514 rounds in October, by headquarters and by sector.
Control and calibration software stack for experimental quantum computing hardware.
MKCWTMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
Revolut's roughly 2,000 engineers now code with GLM, an open-weight model from China's Z.ai that Revolut runs on its own servers in the US. Revolut says its bill is about a tenth of what it paid Anthropic and OpenAI, a figure that leaves out cloud, staff and monitoring costs. Claude Code and Codex stay available for the hardest work.
Israeli drone maker XTEND is laying off about 10% of its roughly 267 staff, two months after it started trading on the New York Stock Exchange at a $1.5B valuation.
Enterprise customers are resisting bigger spending commitments when their contracts with frontier AI labs Anthropic and OpenAI come up for renewal, according to reporting from The Information.
New Zealand food tech startup Andfoods has launched its dairy-free whipping cream, made from fermented black gram protein, into Singapore's foodservice channel.
Anthropic plans to open its initial public offering to retail investors across Europe, naming Revolut, Trade Republic, eToro, and a slate of other intermediaries as authorised brokers.
The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.
The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.
The Global edition with the best from Oceania added. It goes out every morning. Set your regions to get the best from them by email, alongside the day's biggest stories.
Kling AIChina$3B Growth
FalSeattle$1.3B Late VC
TraversalNew York$120M Series B
MK
CW
TMMorten Kjærgaard, Christopher Warren & Tonny Madsen founded it. Kjærgaard previously founded SENS Innovation. Warren worked at Barcelona Supercomputing Center and National Research Council Canada.
XRJLXinan Rahman & Junwoo Lee founded it. Rahman previously founded Auctor. Lee worked at Marshall Wace and Northwestern Mutual.
LK
JLLakshmi Kannan & Jordan Lewis founded it. Kannan worked at Cockroach Labs and IBM. Lewis worked at Felicis and Cockroach Labs.
LangChainSan Francisco
VegaTel Aviv-Yafo
Beacon BiosignalsBoston
