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Here’s today’s startup funding news for November 12. Nine startups announced rounds in the last 24 hours, from the UK, Germany, the US, Italy, Lithuania, France and India. Sizes run from about $16M to $720M. The biggest is Fractile’s $720M Series C.
Most of the money went to AI and hard tech again. Chips, robots, drones and satellite parts took the large cheques. Here’s the full list.
Startups That Announced Funding Today
The big cheques
- Fractile (UK), $720M Series C. Thrive, Founders Fund, Lightspeed and Redpoint co-led. The London startup stacks DRAM on top of logic to speed up AI inference chips. The reported valuation is $7B, which Fractile hasn’t confirmed. The first commercial chip is due in 2027.
- Agile Robots (Germany), $500M. SoftBank led, with Nvidia, Hitachi and T.Capital joining at an $8.5B valuation. The Munich company builds humanoids, robotic arms and control software. Cash goes to US expansion and factory capacity. It expects about 2,000 humanoids this year.
- Rox (US), $100M Series B. General Catalyst and March Capital co-led at a $1.3B valuation, and Sequoia added more. Rox sells AI agents that run enterprise sales pipelines. The money funds research and new industries. It says revenue grew more than 10x in year one, a company claim.
The smaller rounds
- SE3 (Germany), $30M Series A. Accel led, with Keen, Lakestar and Seedcamp. The Munich startup links drones and ground vehicles into one shared 3D picture. Its software already runs in Ukraine. Funds go to hiring and a UK office.
- Nebuly (Italy), $21M Series A. Planven led. Nebuly helps companies measure what their AI agents are worth. Customers include Oura, Iveco and Zeiss. The money builds out US and European sales.
- Griffin (UK), $20M Series B. Octagon Partners led at a valuation above $100M. This London bank runs accounts behind Uber’s UK driver card. Cards and stablecoin services come next. Recurring revenue grew 3.2x, on unaudited numbers.
- Biomatter (Lithuania), $18M Series A. Astanor led. The Vilnius startup designs custom enzymes with AI for AstraZeneca, BASF and Sanofi. A 2,000 m² lab opens in 2027.
- Greenjoules (India), ₹150 Cr Series B. Amazon’s Smbhav Venture Fund and the Climate Pledge Fund co-led, roughly $16M as reported. The Pune startup turns farm waste into fuel. A plant near Pune targets 2 lakh liters of biocrude a day.
- Gama (France), €15M seed. Transition, Planet A and Draper Associates backed it. The Paris company moved from solar sails to deployable satellite solar arrays. Its first demo unit ships in summer 2027.
What does today’s startup funding news say about the market?
Hardware is back in fashion. Fractile, Agile Robots and SE3 all sell something you can touch or deploy. Gama and Greenjoules do too.
Sure, the valuations look huge. But Fractile hasn’t shipped a production chip. Agile’s output is still in the thousands. Big numbers and real revenue are different things.
One caution. Every figure here is as reported by the companies and the outlets covering them. Fractile’s valuation is unconfirmed, and Griffin’s revenue is unaudited. If you’re earlier in the journey, our guide on how rounds move from pre-seed to Series E shows where each stage fits.
What can founders take from these rounds?
- Lead with proof. Rox and Griffin open with growth multiples. Investors want a number, not a slide.
- Name your customers. Biomatter lists AstraZeneca and Sanofi. Nebuly lists Oura and Zeiss. Real logos shorten the pitch.
- Pivot toward the bottleneck. Gama dropped solar sails for satellite power because funding was hard. The new pitch landed a seed round.
- Know the hot lane. AI keeps pulling capital. Our list of the hottest AI startups shows who else is in it.
Sources: Agile Robots (Bloomberg), Agile Robots (TNW), Fractile (Tech Funding News), Rox (Tech Funding News), SE3 (TNW), Nebuly (TNW), Griffin (Tech Funding News), Biomatter (TNW), Greenjoules (Inc42), Gama (Tech Funding News)
