European Funding, August 3–9: AI Chips, Physical AI and Infrastructure
A diligence-first ledger for August 3–9: 28 events with equity, debt, facilities, commitments, funds and undisclosed transactions labeled separately.
Venture Capital News & Analysis
Funding news, venture capital analysis, investor profiles, and market intelligence.
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European Funding, August 10–18: Seed, Series A and Structured Finance
A diligence-first ledger for August 10–18: 17 events with equity, debt, facilities, commitments, funds and undisclosed transactions labeled separately.
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Smack’s $61M Series B: Decision AI From Command Post to Tactical Edge
Costanoa and First In led Smack Technologies’ $61M Series B (total >$90M) to build Alpha hardware that pairs with Omega command planning already moving into U.S. military production.
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Hubble Network’s $30M B-II: Seraphim Doubles Down on Space Bluetooth
Seraphim Space Investment Trust invested $30M into Hubble Network (Series B-II) — satellite-powered Bluetooth that talks to off-the-shelf BLE chips. Prior $70M Series B (2025). Y Combinator is a historical backer with a /fund/ page here; Seraphim is not.
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What Is Etched’s Valuation in 2026? $21B After $700M
Etched closed $700M at $21B on August 18, 2026, led by Jane Street after the trading firm tested and installed a rack. That doubles July’s $10.3B Series C in a month. Revenue was not disclosed.
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August 2026 VC News: What Closed Through the 31st?
Through August 31: Adaptyv $40M Series A (Highland Europe; no valuation), Clerky agreed to join Stripe (no price), Standard Metrics $20M Series B (8VC; no valuation), plus HubX up to $75M at $1.2B pre, Owner $2.3B, a16z $1.1B Machine Age, OpenAI–Cursor wind-down, AusperBio $120M Series C, and YC’s apply page on Winter 2027. Town and General Intuition remain talks.