Funding

Fractile raises $720m at $7bn valuation as Britain’s state AI fund backs its chip bet

By Zack Hill

Anthropic seeks $1.33 trillion valuation as it launches IPO roadshow

By Zack Hill

Hutch founders raise £4m to make AI-generated video playable

Supercell and MTG, the company that bought the founders’ last studio, join Play Ventures and Backed VC in backing Anorak, which plans to open a creator platform in…

By Zack Hill · 3 min read

Biotech

Neobe raises $6.8m to engineer bacteria that dissolve the walls around solid tumours

The Stevenage-based company says the funding will carry its lead programme, NEO22, through preclinical work to a regulatory filing in 2028, with a first-in-human trial to be financed…

By Zack Hill

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Opinion Liz Kendall urges Ofcom to act faster on online safety as delays raise concerns By Zack Hill

Opinion Can a tiny startup fix what’s wrong with AI? Literal Labs thinks so By LionHerald

Opinion Cracks in the firewall: Are U.S. export controls failing to stop china’s AI advancements? By LionHerald

Opinion I listened to Steven Bartlett’s DOAC roundtable: Does the UK really need a new attitude toward entrepreneurs? By LionHerald

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Biotech

Gates Foundation renews £2m grant for Scottish humanised-mouse firm PhaSER Biomedical

The two-year award keeps the Edinburgh company’s 8HUM model available to Gates-funded researchers working on tuberculosis, malaria and other diseases of poverty. PhaSER Biomedical, an Edinburgh drug development…

By Zack Hill

UK sovereign fund co-leads backing for Cambridge start-up rebuilding quantum chemistry for drug discovery

Potential Sciences, a year-old company led by Hatem Helal, says its software runs chemistry’s most trusted calculation at a hundredth of the usual cost and will use national…

By Zack Hill

Funding

Creandum closes $750m eighth fund, its largest, and steps up its push into the US

The Stockholm firm behind Spotify, Klarna and Lovable will keep half the money in reserve for existing companies and has tripled its investment team in San Francisco. Creandum,…

By Zack Hill

The Circuit

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Fractile raises $720m at $7bn valuation as Britain’s state AI fund backs its chip bet

Anthropic seeks $1.33 trillion valuation as it launches IPO roadshow

Hutch founders raise £4m to make AI-generated video playable

Neobe raises $6.8m to engineer bacteria that dissolve the walls around solid tumours

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