Defense startup Shield AI plans to raise more than $1 billion to fund the production of its latest autonomous fighter jet, Chief Executive Officer Gary Steele said.

Artificial intelligence voice startup ElevenLabs may start preparing for an initial public offering in 2028, Chief Executive Officer Mati Staniszewski said, taking advantage of a boom in AI agents for enterprise communications.

Venture capitalists are fighting to invest in AI startup Emulate, driving its valuation into the billions — even though the company is only three months old and doesn’t yet have a website or product.

Legora has raised $550 million in a funding round that will give the Swedish legal artificial intelligence startup an $8.8 billion post-money valuation and allow it to expand to new markets.

Vinted agreed to increase the policing of its secondhand marketplace after seeing an influx of listings suspected to contain items looted during riots in France.

Sprints, a venture capital firm that backed Revolut early, has closed its fifth fund of €725 million ($810 million).

Lux Capital, a backer of Anduril Industries Inc. and Hadrian Automation Inc., is in talks to become one of the lead investors in a roughly €200 million ($227 million) funding round for Dutch defense startup Onodrim, people familiar with the matter said.

When a group of 15 Google DeepMind employees and alumni met for a breakfast this month in central London, the conversation quickly turned to how to raise money for an artificial intelligence startup.

A co-creator of AlphaGo, the landmark AI program from Google DeepMind, is the latest prominent researcher from the company to depart and seek significant funding for a new startup, according to people familiar with the matter.

Customer messaging company Bird.com has raised $450 million of debt financing led by JPMorgan Chase & Co., as it seeks to return cash to investors and employees.

Europe’s new technology fund is in talks to invest in UK-based artificial intelligence startup ElevenLabs Inc., people with knowledge of the matter said.

A UK artificial intelligence startup founded by former Google DeepMind researchers is in talks to raise $700 million in a seed round, in the latest example of investors backing alumni of notable AI labs.

Model ML, a startup that sells artificial intelligence software to investment banks and other financial institutions, is in talks to raise more than $100 million at a valuation above $1 billion, according to people familiar with the discussions.

Uforce, a London-based drone startup, is in discussions to raise new financing at a valuation of about $5 billion, according to people familiar with the matter.

ElevenLabs has hired former OpenAI executive Ashley Kramer as its first chief revenue officer, part of the  startup’s efforts to drum up business demand for  its artificial intelligence voice tools.

Stripe Inc. has finalized an agreement to acquire OpenRouter Inc., a startup that helps companies switch between artificial intelligence models, for more than $7 billion, according to people familiar with the matter.

Tekever, a Portuguese developer of surveillance drones, is in talks with investors to raise as much as €500 million ($577 million) at a €5.5 billion valuation, a fivefold jump from last year.

Early last year, venture capital firm Felix Capital set out to raise $600 million for its next fund, touting previous investments in fitness-machine maker Peloton Interactive Inc. and food-delivery service Deliveroo. But investors want to see returns from older funds before they commit new capital, and Felix is still $150 million short of its target, according to a person with knowledge of the matter.

Robotics startup Genesis AI is in talks with investors to raise around $500 million in a new funding round, according to people familiar with the efforts.

Wayve Technologies Ltd. employees sold shares on London’s new private market at a 10% discount to the self-driving technology startup’s previous valuation, according to people familiar with the matter.