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.

European defense startup Helsing has overhauled its internal share program, alienating some staff as the company finalizes its biggest funding round to date.

European defense startup Helsing has overhauled its internal share program, alienating some staff as the company finalizes its biggest funding round to date.

ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value the artificial intelligence startup at roughly $22 billion, according to people familiar with the matter.

Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup’s valuation to about $8 billion post-money, in the latest example of investors’ enthusiasm for defense-related bets.

Autonomous driving software company Wayve Technologies Ltd. has filed to sell shares on the London Stock Exchange’s new Private Securities Market, the first major company to test the novel system.

Autonomous driving software company Wayve Technologies Ltd. has filed to sell shares on the London Stock Exchange’s new Private Securities Market, the first major company to test the novel system.

Newcleo Ltd., a European startup building novel nuclear reactors that run on recycled waste, has the potential to disrupt clean energy. As with all new technology, the path is not easy.

Trading platform Nasdaq Private Market alleged that its Vancouver-based competitor Hiive has stolen trade secrets and infringed on its intellectual property in a lawsuit.

French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion, according to people familiar with the discussions, providing Europe’s artificial intelligence champion with a cash injection as it competes in a costly computing race against competitors in the US and China.

Cambridge Aerospace, a British defense technology startup developing interceptor systems to protect against drones and cruise missiles, is in discussions to raise approximately $300 million at a valuation of around $3.5 billion, according to people familiar with the matter.

Human resources software startup Factorial has raised $150 million in funding at a valuation of $2.5 billion, making it one of the most highly valued startups in Spain.

German industrial robotics startup Agile Robots is in discussions to raise about $800 million in new funding from backers including SoftBank Group Corp., as investors seek out companies deploying artificial intelligence in real-world settings.

Anthropic PBC updated its warning about secondary markets for its shares, cutting the number of unauthorized platforms by half, after the notice caused panic among investors and a sharp rebuttal from one of the companies named.

Dwelly, a UK startup that acquires real estate property managers and introduces artificial intelligence to their business, is in discussions to raise around $200 million in equity and debt financing, according to people familiar with the matter.

In the moments after Anthropic expanded a ban on popular ways to buy its shares, investor chatrooms around the world lit up. “Are we screwed?” one person wrote in a WhatsApp chat for family offices with several hundred members. Similar questions reverberated more publicly across X, Reddit and Chinese-language social media, as investors worried whether their shares in the artificial intelligence developer — one of the most coveted private companies — had suddenly become worthless.Days later, ther