Key Updates in European Technology
1. Prototype warfare: A defence prime’s playbook for turning technology into battlefield capability
Cate Lawrence dives deep into the operations of defence primes such as Leonardo, emphasizing their role in fostering innovation within the defencetech ecosystem. The article discusses how strategic partnerships and new models for cooperation with startups can accelerate technology deployment in defense, focusing on emerging technologies like AI and autonomy.
2. Tech Race Summit participants warn of obstacles to turning AI pilots into profits
Participants at the inaugural Tech Race Summit highlighted the challenges businesses face in adopting AI effectively. Despite high interest in AI, only a small fraction of organizations have managed to fully integrate it into their operations. Insights from industry experts underscore the importance of focused organizational strategies and responsible data management to harness AI successfully.
3. Rabot Energy secures $50M to transform homes into a virtual power plant
Rabot Energy has raised $50 million in Series B funding to expand its platform for dynamic electricity tariffs. This innovative approach aims to help consumers enhance their energy efficiency by using home battery systems to store electricity when it’s cheap, thereby reducing reliance on fossil fuels and integrating renewable energy sources.
4. AI: Europe’s 10 most-funded companies in H1 2026
An analysis reveals that the majority of European AI funding in the first half of 2026 concentrated on a few high-value transactions, especially in the UK, France, and Germany. The growing investment landscape underscores the increasing demand for advanced AI infrastructure and innovation across various sectors, including healthcare and cybersecurity.
5. British Business Bank invests £180M across AI and deeptech funds
The British Business Bank has announced a substantial investment of £180 million across six UK VC funds that focus on AI and deep tech. This initiative aims to bolster the funding landscape in the UK, recognizing the need for greater support for innovative startups poised to lead in these critical tech sectors.
